Urban Money

Indusind Home Loan Calculator

  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

The IndusInd Bank home loan calculator is a self-help tool that enables the user to compute the value of the EMI amount against the home loan. The calculator enlightens the user on the total cost they will incur if they avail of the home loan beforehand. IndusInd has steadily become synonymous with new-age banking offering transactional facilities and electronic banking services to cater to technologically proficient consumers. The IndusInd Bank Home Loan EMI calculator is available online and features a straightforward interface for the user's convenience.

Features and Benefits of IndusInd Bank Home Loan EMI Calculator

The IndusInd Bank Home Loan EMI Calculator is a self-help tool designed to provide users with information regarding EMI amounts. It entails the following features and benefits.

  • The tools are available online, and the user can utilise this tool from the comfort of their home at their discretion. 
  • The interface of the IndusInd Bank Home Loan calculator is straightforward. Even first-time users can conveniently operate it. 
  • The calculator user can efficiently compute the EMI payments they must pay against the loan. The user can further utilise this information to plan the loan amount. 
  • The IndusInd Bank Home Loan Calculator also enables the user to compare different loan amounts and interest rates to select the one which suits their budgetary goals. 

How does IndusInd Bank Home Loan Calculator Work?

The IndusInd Bank Home Loan Calculator is a self-help tool that lets the user compute the value of their EMIs. The calculator is easy to use as the user is just required to mention the following to compute the EMI amount on the home loan.

  • Loan Amount: It refers to the amount of loan the borrower is willing to obtain from the bank to purchase a property.
  • Rate of Interest: The Rate of Interest refers to the money the bank will charge from the borrower against the loan.
  • Tenure: This is the period in which the borrower will repay the loan to the bank. After mentioning the values mentioned above. The IndusInd Bank Home Loan Calculator will provide the users with the following computed values:
  • EMI Amount: The monthly instalments that the borrower has to bear to repay the home loan throughout the tenure.
  • Amortisation Table: The user would also get an overview of the repayment plan through the Amortisation Table. The table would give the user a detailed synopsis of the repayment schedule. 

The IndusInd Bank Home Loan calculator employs the following formulae to compute the value of EMI against the provided values:

P x R x (1+R)^N / [(1+R)^N-1]

Where,

  • P is the Principal Amount
  • R is the Rate of Interest
  • N is the tenure of the Home Loan

For a better understanding let’s take an example. Suppose you want to avail of a loan of Rs 50 Lakhs from the IndusInd Bank to purchase a property. The interest rate charged on a loan is 9% per annum. And the tenure of the investment is 20 years. So by applying the formulae mentioned above:

EMI Amount = 50,00,000*9*(1+9)^20/[{1+9)^20-1],

The EMI on the loan would be Rs 44,986. 

How does EMI Calculation Help in Planning the Home Purchase?

The user of the IndusInd Bank Home Loan EMI calculator can assist the user in deriving the EMI amount against their home loan. It also helps the user in the following ways:

  • Detailed Breakdown of Repayment Process

The EMI calculator provides a detailed breakdown of the repayment of a loan which enlightens the user regarding EMIs payable and the interest and the principal charges at the different stages throughout the tenure.  

  • Accuracy 

The amount derived from the IndusInd Bank Home Loan calculator is accurate as the calculations are done through a sophisticated system. It is a better alternative when compared to manual calculations, which can be time-consuming and prone to errors and inaccuracies.

  • Planning 

As the user is enlightened with the EMI payments against the loan beforehand. It allows them to map out their budget meticulously so that they can prepared to ready themselves for the significant financial obligation. As they have a detailed knowledge of the repayment process, they can make adjustments to make the repayment of the loan hassle-free.

  • Comparability 

Users can conveniently compare the EMI amount by entering different values on the fields featured in the IndusInd Bank Home Loan Calculator. The user can enter multiple values of the loan amount, interest rates, and tenures to compare and compute the most suitable which complements their budgetary needs.  

Factors Affecting IndusInd Bank Home Loan EMI 

The EMI amount derived on the IndusInd Bank Home loan calculator is prone to be impacted by the following factors:

  • Loan Amount: It goes without saying, the loan amount availed for the home loan directly impacts the EMI against it. A substantial loan would ensure a high EMI amount the borrower would have to bear. The borrower can reduce their EMIs if borrowing from the bank is not considerable.
  • Interest Rate: Another factor that impacts the EMI amount is the interest rate charged on loans. A higher interest rate would make the home loan costlier. The interest rates on home loans vary from one financial institution to another. It is advisable to meticulously research the rates offered in the market to obtain the best deal.
  • Tenure: The tenure of the repayment also influence the EMI against the home loan. The lengthier tenure breaks down the loan amount into smaller parts and makes the EMI payments more manageable. A borrower can reduce the EMI amount by opting for a tenure that helps them to budget the loan better.

IndusInd Bank Home Loan Amortization Schedule?

The table below exhibits the amortisation schedule for a home loan of INR 10,00,000 to be repaid in ten years. The Interest charged on the loan amount is 9% per annum.

Months EMI Principal  Interest Rate  Closing Balance
1 ₹12,668 ₹5,168 ₹7,500 ₹9,94,832
2 ₹12,668 ₹5,206 ₹7,461 ₹9,89,626
3 ₹12,668 ₹5,245 ₹7,422 ₹9,84,381
4 ₹12,668 ₹5,285 ₹7,383 ₹9,79,096
5 ₹12,668 ₹5,324 ₹7,343 ₹9,73,772
6 ₹12,668 ₹5,364 ₹7,303 ₹9,68,407
7 ₹12,668 ₹5,405 ₹7,263 ₹9,63,003
8 ₹12,668 ₹5,445 ₹7,223 ₹9,57,558
9 ₹12,668 ₹5,486 ₹7,182 ₹9,52,072
10 ₹12,668 ₹5,527 ₹7,141 ₹9,46,545
11 ₹12,668 ₹5,568 ₹7,099 ₹9,40,976
12 ₹12,668 ₹5,610 ₹7,057 ₹9,35,336
13 ₹12,668 ₹5,652 ₹7,015 ₹9,29,714
14 ₹12,668 ₹5,695 ₹6,983 ₹9,24,019
15 ₹12,668 ₹5,737 ₹6,930 ₹9,18,282
16 ₹12,668 ₹5,780 ₹6,887 ₹9,12,501
17 ₹12,668 ₹5,824 ₹6,844 ₹9,06,677
18 ₹12,668 ₹5,867 ₹6,800 ₹9,00,810
19 ₹12,668 ₹5,912 ₹6,756 ₹8,94,898
20 ₹12,668 ₹5,956 ₹6,712 ₹8,88,942
21 ₹12,668 ₹5,168 ₹6,667 ₹8,82,942
22 ₹12,668 ₹6,001 ₹6,622 ₹8,76,896
23 ₹12,668 ₹6,091 ₹6,577 ₹8,70,806
24 ₹12,668 ₹6,137 ₹6,531 ₹8,64,669
25 ₹12,668 ₹6,183 ₹6,485 ₹8,58,486
26 ₹12,668 ₹6,229 ₹6,439 ₹8,52,258
27 ₹12,668 ₹6,276 ₹6,392 ₹8,45,982
28 ₹12,668 ₹6,323 ₹6,345 ₹8,39,659
29 ₹12,668 ₹6,370 ₹6,297 ₹8,33,289
30 ₹12,668 ₹6,418 ₹6,250 ₹8,26,871
31 ₹12,668 ₹6,466 ₹6,202 ₹8,20,405
32 ₹12,668 ₹6,515 ₹6,153 ₹8,13,891
33 ₹12,668 ₹6,563 ₹6,104 ₹8,07,327
34 ₹12,668 ₹6,613 ₹6,055 ₹8,00,715
35 ₹12,668 ₹6,662 ₹6,005 ₹7,94,052
36 ₹12,668 ₹6,712 ₹5,955 ₹7,87,340
37 ₹12,668 ₹6,763 ₹5,905 ₹7,80,578
38 ₹12,668 ₹6,813 ₹5,854 ₹7,73,764
39 ₹12,668 ₹6,864 ₹5,803 ₹7,66,900
40 ₹12,668 ₹6,916 ₹5,752 ₹7,59,984
41 ₹12,668 ₹6,968 ₹5,700 ₹7,53,017
42 ₹12,668 ₹7,020 ₹5,648 ₹7,45,997
43 ₹12,668 ₹7,073 ₹5,595 ₹7,38,924
44 ₹12,668 ₹7,126 ₹5,542 ₹7,31,798
45 ₹12,668 ₹7,179 ₹5,488 ₹7,24,619
46 ₹12,668 ₹7,233 ₹5,435 ₹7,17,386
47 ₹12,668 ₹7,287 ₹5,380 ₹7,10,099
48 ₹12,668 ₹7,342 ₹5,326 ₹7,02,757
49 ₹12,668 ₹7,397 ₹5,271 ₹6,95,360
50 ₹12,668 ₹7,452 ₹5,215 ₹6,87,908
51 ₹12,668 ₹7,508 ₹5,159 ₹6,80,400
52 ₹12,668 ₹7,565 ₹5,103 ₹6,72,835
53 ₹12,668 ₹7,621 ₹5,046 ₹6,65,214
54 ₹12,668 ₹7,678 ₹4,989 ₹6,57,535
55 ₹12,668 ₹7,736 ₹4,932 ₹6,49,799
56 ₹12,668 ₹7,794 ₹4,873 ₹6,42,005
57 ₹12,668 ₹7,853 ₹4,815 ₹6,34,153
58 ₹12,668 ₹7,911 ₹4,756 ₹6,26,241
59 ₹12,668 ₹7,971 ₹4,697 ₹6,18,270
60 ₹12,668 ₹8,013 ₹4,637 ₹6,10,240
61 ₹12,668 ₹8,091 ₹4,577 ₹6,02,149
62 ₹12,668 ₹8,151 ₹4,516 ₹5,93,998
63 ₹12,668 ₹8,213 ₹4,455 ₹5,85,785
64 ₹12,668 ₹8,274 ₹4,393 ₹5,77,511
65 ₹12,668 ₹8,336 ₹4,331 ₹5,69,175
66 ₹12,668 ₹8,399 ₹4,269 ₹5,60,776
67 ₹12,668 ₹8,462 ₹4,206 ₹5,52,314
68 ₹12,668 ₹8,525 ₹4,142 ₹5,43,789
69 ₹12,668 ₹8,589 ₹4,078 ₹5,35,200
70 ₹12,668 ₹8,654 ₹4,014 ₹5,26,546
71 ₹12,668 ₹8,718 ₹3,949 ₹5,17,828
72 ₹12,668 ₹8,784 ₹3,884 ₹5,09,044
73 ₹12,668 ₹8,850 ₹3,818 ₹5,00,194
74 ₹12,668 ₹8,916 ₹3,751 ₹4,91,278
75 ₹12,668 ₹8,983 ₹3,685 ₹4,82,295
76 ₹12,668 ₹9,050 ₹3,617 ₹4,73,245
77 ₹12,668 ₹9,118 ₹3,549 ₹4,64,126
78 ₹12,668 ₹9,187 ₹3,481 ₹4,54,940
79 ₹12,668 ₹9,256 ₹3,412 ₹4,45,684
80 ₹12,668 ₹9,325 ₹3,343 ₹4,36,359
81 ₹12,668 ₹9,395 ₹3,273 ₹4,26,964
82 ₹12,668 ₹9,465 ₹3,202 ₹4,17,499
83 ₹12,668 ₹9,536 ₹3,131 ₹4,07,963
84 ₹12,668 ₹9,608 ₹3,060 ₹3,98,355
85 ₹12,668 ₹9,680 ₹2,988 ₹3,88,675
86 ₹12,668 ₹9,753 ₹2,915 ₹3,78,922
87 ₹12,668 ₹9,826 ₹2,842 ₹3,69,097
88 ₹12,668 ₹9,899 ₹2,768 ₹3,59,197
89 ₹12,668 ₹9,974 ₹2,694 ₹3,49,224
90 ₹12,668 ₹10,048 ₹2,619 ₹3,39,175
91 ₹12,668 ₹10,124 ₹2,544 ₹3,29,052
92 ₹12,668 ₹10,200 ₹2,468 ₹3,18,852
93 ₹12,668 ₹10,276 ₹2,391 ₹3,08,576
94 ₹12,668 ₹10,353 ₹2314 ₹2,98,223
95 ₹12,668 ₹10,431 ₹2,237 ₹2,87,792
96 ₹12,668 ₹10,509 ₹2,158 ₹2,77,282
97 ₹12,668 ₹10,588 ₹2,080 ₹2,66,694
98 ₹12,668 ₹10,667 ₹2,000 ₹2,56,027
99 ₹12,668 ₹10,747 ₹1,920 ₹2,45,280
100 ₹12,668 ₹10,828 ₹1,840 ₹2,34,452
101 ₹12,668 ₹10,909 ₹1,758 ₹2,23,543
102 ₹12,668 ₹10,991 ₹1,677 ₹2,12,522
103 ₹12,668 ₹11,073 ₹1,594 ₹2,01,478
104 ₹12,668 ₹11,156 ₹1,511 ₹1,90,322
105 ₹12,668 ₹11,240 ₹1,427 ₹1,79,081
106 ₹12,668 ₹11,324 ₹1,343 ₹1,67,757
107 ₹12,668 ₹11,409 ₹1,258 ₹1,56,348
108 ₹12,668 ₹11,495 ₹1,173 ₹1,44,835
109 ₹12,668 ₹11,581 ₹1,086 ₹1,33,271
110 ₹12,668 ₹11,668 ₹1,000 ₹1,21,603
111 ₹12,668 ₹11,756 ₹912 ₹1,09,848
112 ₹12,668 ₹11,844 ₹824 ₹98,004
113 ₹12,668 ₹11,933 ₹735 ₹86,072
114 ₹12,668 ₹12,022 ₹646 ₹74,050
115 ₹12,668 ₹12,112 ₹555 ₹61,937
116 ₹12,668 ₹12,203 ₹465 ₹49,734
117 ₹12,668 ₹12,295 ₹373 ₹37,440
118 ₹12,668 ₹12,378 ₹281 ₹25,053
119 ₹12,668 ₹12,480 ₹188 ₹12,537
120 ₹12,668 ₹12,573 ₹94 0

Indusind Home Loan EMI for ₹ 10 Lakh

The following table compares the EMI on the IndusInd Home loans at different tenures on the same loan amount of Rs.10,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IndusInd Bank Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
10,00,000 7.6% 5 20,086
10,00,000 7.6% 10 11,992
10,00,000 7.6% 15 9,327 
10,00,000 7.6% 20 8,117
10,00,000 7.6% 25 7,455
10,00,000 7.6% 30 7,061 

Indusind Home Loan EMI for ₹ 20 Lakh

The following table compares the EMI on the IndusInd Home loans at different tenures on the same loan amount of Rs. 20,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IndusInd Home Loan EMI Calculator.
Loan Amount  Interest Rate  Tenure  EMI (Rs) 
20,00,000 7.6% 5 40,171
20,00,000 7.6% 10 23,845
20,00,000 7.6% 15 18,654
20,00,000 7.6% 20 16,234
20,00,000 7.6% 25 14,910
20,00,000 7.6% 30 14,121

Indusind Home Loan EMI for ₹ 25 Lakh

The following table compares the EMI on the IndusInd Bank Home loans at different tenures on the same loan amount of INR 25,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IndusInd Bank Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
25,00,000 7.6% 5 50,214
25,00,000 7.6% 10 29,806
25,00,000 7.6% 15 23,318
25,00,000 7.6% 20 20,293
25,00,000 7.6% 25 18,638
25,00,000 7.6% 30 17,652 

Indusind Home Loan EMI for ₹ 30 Lakh

The following table compares the EMI on the IndusInd Bank Home loans at different tenures on the same loan amount which is 25,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IndusInd Bank Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs) 
30,00,000 7.6% 5 60,257
30,00,000 7.6% 10 35,767
30,00,000 7.6% 15 27,981
30,00,000 7.6% 20 24,352
30,00,000 7.6% 25 22,365
30,00,000 7.6% 30 21,182

Indusind Home Loan EMI for ₹ 50 Lakh

The following table compares the EMI on the IndusInd Bank Home loans at different tenures on the same loan amount of Rs. 50,00,000. The interest rate determined is 7.6% per annum. The amount can also be compared and calculated with the help of the IndusInd Bank Home Loan EMI Calculator.

Loan Amount  Interest Rate  Tenure  EMI (Rs)
50,00,000 7.6% 5 1,00,428
50,00,000 7.6% 10 59,612
50,00,000 7.6% 15 46,635
50,00,000 7.6% 20 40,586
50,00,000 7.6% 25 37,275
50,00,000 7.6% 30 35,304

Comparison of IndusInd Bank Home Loan EMI with other Banks

The following table compares the Interest rate on Home loans with the interest rates offered by other Banks.

Bank Name  Rate of Interest (Per Annum) Processing Fee
IndusInd Bank  8.10%  Onwards Up to 1.5% of Loan Amount 
Axis Bank  7.60 Onwards Rs 10,000
HDFC Home Loan  8.10% Onwards  Up to 0.3% of the loan amount
Indian Overseas Bank  7.05% Onwards 0.5% of the loan amount
IDFC First Bank  7.50% Onwards  Rs 5,000 
Punjab National Bank 7.4% Onwards  0.35% of the loan amount
Central Bank of India 7.20% to 7.65% Onwards Rs 20,000
State Bank of India  8.05% Onwards 0.35% onwards
Citibank  6.65% Onwards  Rs 10,000
Kotak Mahindra Bank  7.5% Onwards  0.50% 

Frequently Asked Questions (FAQs)

When does my home loan EMIs start?

The EMIs on the home commence from the month next to the loan disbursement date.

How can I pay my IndusInd home loan EMI online?

Individuals can avail of various net banking services offered by IndusInd Bank to pay the loan EMI online from the convenience of their homes.

What happens if IndusInd home loan EMI is missed?

If the borrower defaults on their EMI repayment. They will be liable to pay the penalty set by the bank. This will also impact the credit score of the individual.

What is a pre-EMI interest on a home loan?

Pre-EMI concerns exclusively with repayment of the interest component of the EMI. The borrower does not have to bear anything towards the principal amount. The borrower can avail of this provision if their property is under construction.

Can I change my home loan EMI date?

The procedure to change the home loan EMI date varies from bank to bank. The borrower is required to submit a request to the respective lender. They can do so by visiting the nearest branch or contacting the customer.

How does your home loan repayment work?

The borrowed amount is repaid to the lender in instalments known as the EMI (Equated monthly Instalments). The EMI consists of principal and interest, which must be paid regularly at a predetermined tenure.