Bandhan Bank Home Loan EMI Calculator

Want to calculate your monthly installments but don’t know how? Well, all you need to know about Bandhan Bank Home Loan EMI Calculator. Yes, this smart and effective tool allows you to know the exact values of your monthly installments, interest outgo and total amount payable in a hassle-free manner. You simply need to feed:

EMI Calculator forHome Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

  • Tenure
  • Interest Rate
  • Loan Amount

After feeding these values, the device fetches the value for you in just a few seconds. The tool functions very quickly and gives the accurate results, hence is preferred by many loan seekers.

Bandhan Bank Home Loan EMI Calculator

Let’s just know more about the same with the help of an example below.

Suppose, a 32-year-old, Ankita Sharma, Senior Manager by profession is looking for a home loan of 15 Lakh in Mumbai. She has applied for the same loan amount and Bandhan Bank has approved the same at an interest rate of 10.30% per annum for a tenure of 15 years. Before saying yes to the lender, she wants to know the exact calculations of his monthly installments. Thus, she used the home loan EMI Calculator for the same. So, let’s know the EMI, Interest and Total Amount Payable in Ankita’s case.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 15,00,00010.30%1₹ 1,32,083₹ 84,999₹ 15,84,999
₹ 15,00,00010.30%2₹ 69,425₹ 1,66,206₹ 16,66,206
₹ 15,00,00010.30%3₹ 48,612₹ 2,50,044₹ 17,50,044
₹ 15,00,00010.30%4₹ 38,260₹ 3,36,497₹ 18,36,497
₹ 15,00,00010.30%5₹ 32,092₹ 4,25,546₹ 19,25,546
₹ 15,00,00010.30%6₹ 28,016₹ 5,17,168₹ 20,17,168
₹ 15,00,00010.30%7₹ 25,135₹ 6,11,332₹ 21,11,332
₹ 15,00,00010.30%8₹ 23,000₹ 7,08,005₹ 22,08,005
₹ 15,00,00010.30%9₹ 21,362₹ 8,07,147₹ 23,07,147
₹ 15,00,00010.30%10₹ 20,073₹ 9,08,717₹ 24,08,717
₹ 15,00,00010.30%11₹ 19,035₹ 10,12,665₹ 25,12,665
₹ 15,00,00010.30%12₹ 18,187₹ 11,18,942₹ 26,18,942
₹ 15,00,00010.30%13₹ 17,484₹ 12,27,493₹ 27,27,493
₹ 15,00,00010.30%14₹ 16,894₹ 13,38,262₹ 28,38,262
₹ 15,00,00010.30%15₹ 16,395₹ 14,51,187₹ 29,51,187

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 44,298₹ 1,52,447₹ 14,55,701
2₹ 49,082₹ 1,47,663₹ 14,06,618
3₹ 54,383₹ 1,42,362₹ 13,52,234
4₹ 60,257₹ 1,36,488₹ 12,91,977
5₹ 66,765₹ 1,29,980₹ 12,25,211
6₹ 73,976₹ 1,22,769₹ 11,51,234
7₹ 81,966₹ 1,14,779₹ 10,69,268
8₹ 90,819₹ 1,05,927₹ 9,78,449
9₹ 1,00,628₹ 96,118₹ 8,77,821
10₹ 1,11,496₹ 85,249₹ 7,66,324
11₹ 1,23,538₹ 73,207₹ 6,42,786
12₹ 1,36,881₹ 59,865₹ 5,05,905
13₹ 1,51,664₹ 45,081₹ 3,54,240
14₹ 1,68,045₹ 28,700₹ 1,86,194
15₹ 1,86,334₹ 10,551₹ 0

Bandhan Bank Home Loan EMI Calculation Formula

The calculator uses the below formula to calculate an EMI.
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where,
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Installments

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EMI Calculator