# IDBI Bank Home Loan EMI Calculator

### Highlights

• Keep a check on your future payments with loan EMI calculator.
• Track your EMIs for IDBI Bank home loan.

Whenever you apply for a home loan, you want the rate to be as low as it can be. You would also desire if the lender can give you a higher loan amount so that you can use the fund for varied purposes. The EMI you pay is dependent on: 1) The rate of interest, 2) Tenure on the loan, and 3) Loan amount. At IDBI Bank, you get the chance to choose the tenure but the loan amount and interest rate is offered to you by keeping into account your repayment capacity. Below is an example for a default value (interest rate, tenure and loan amount) on a home loan just to give you an idea on how EMI changes according to these three details. Later in this article, you would know the formula which is used to calculate EMI.

EMI Calculator for Home Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

## IDBI Home Loan EMI Calculator

Let us assume that Ramesh is one of the applicants at IDBI Bank who wants a home loan. His desires to get the approval for the loan amount of ₹20 lakhs and the lowest rate possible. The tenure he has chosen is 25 years and now he wants to know the EMIs he will have to pay so that he can be prepared for it. Below is the table representing the EMI, total interest outgo, total repayment (interest + principal). You would further notice an amortization table which shows the balance amount at the end of each year for the whole tenure.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 20,00,0008.35%1₹ 1,74,301₹ 91,608₹ 20,91,608
₹ 20,00,0008.35%2₹ 90,774₹ 1,78,580₹ 21,78,580
₹ 20,00,0008.35%3₹ 62,996₹ 2,67,862₹ 22,67,862
₹ 20,00,0008.35%4₹ 49,155₹ 3,59,444₹ 23,59,444
₹ 20,00,0008.35%5₹ 40,889₹ 4,53,318₹ 24,53,318
₹ 20,00,0008.35%6₹ 35,409₹ 5,49,467₹ 25,49,467
₹ 20,00,0008.35%7₹ 31,522₹ 6,47,875₹ 26,47,875
₹ 20,00,0008.35%8₹ 28,630₹ 7,48,522₹ 27,48,522
₹ 20,00,0008.35%9₹ 26,402₹ 8,51,384₹ 28,51,384
₹ 20,00,0008.35%10₹ 24,637₹ 9,56,437₹ 29,56,437
₹ 20,00,0008.35%11₹ 23,209₹ 10,63,652₹ 30,63,652
₹ 20,00,0008.35%12₹ 22,035₹ 11,72,998₹ 31,72,998
₹ 20,00,0008.35%13₹ 21,054₹ 12,84,442₹ 32,84,442
₹ 20,00,0008.35%14₹ 20,226₹ 13,97,948₹ 33,97,948
₹ 20,00,0008.35%15₹ 19,519₹ 15,13,480₹ 35,13,480
₹ 20,00,0008.35%16₹ 18,911₹ 16,30,999₹ 36,30,999
₹ 20,00,0008.35%17₹ 18,385₹ 17,50,462₹ 37,50,462
₹ 20,00,0008.35%18₹ 17,925₹ 18,71,829₹ 38,71,829
₹ 20,00,0008.35%19₹ 17,522₹ 19,95,055₹ 39,95,055
₹ 20,00,0008.35%20₹ 17,167₹ 21,20,094₹ 41,20,094
₹ 20,00,0008.35%21₹ 16,853₹ 22,46,902₹ 42,46,902
₹ 20,00,0008.35%22₹ 16,574₹ 23,75,431₹ 43,75,431
₹ 20,00,0008.35%23₹ 16,325₹ 25,05,633₹ 45,05,633
₹ 20,00,0008.35%24₹ 16,102₹ 26,37,460₹ 46,37,460
₹ 20,00,0008.35%25₹ 15,903₹ 27,70,864₹ 47,70,864

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

YearPrincipalInterestBalance Amount
1₹ 24,768₹ 1,66,066₹ 19,75,231
2₹ 26,917₹ 1,63,917₹ 19,48,314
3₹ 29,253₹ 1,61,582₹ 19,19,061
4₹ 31,791₹ 1,59,043₹ 18,87,270
5₹ 34,549₹ 1,56,285₹ 18,52,720
6₹ 37,547₹ 1,53,287₹ 18,15,172
7₹ 40,805₹ 1,50,029₹ 17,74,366
8₹ 44,346₹ 1,46,488₹ 17,30,019
9₹ 48,194₹ 1,42,640₹ 16,81,825
10₹ 52,376₹ 1,38,458₹ 16,29,448
11₹ 56,921₹ 1,33,913₹ 15,72,527
12₹ 61,860₹ 1,28,974₹ 15,10,667
13₹ 67,228₹ 1,23,606₹ 14,43,439
14₹ 73,061₹ 1,17,773₹ 13,70,377
15₹ 79,401₹ 1,11,433₹ 12,90,976
16₹ 86,290₹ 1,04,544₹ 12,04,685
17₹ 93,778₹ 97,056₹ 11,10,907
18₹ 1,01,915₹ 88,919₹ 10,08,991
19₹ 1,10,758₹ 80,076₹ 8,98,232
20₹ 1,20,369₹ 70,465₹ 7,77,863
21₹ 1,30,814₹ 60,020₹ 6,47,049
22₹ 1,42,164₹ 48,670₹ 5,04,884
23₹ 1,54,500₹ 36,334₹ 3,50,383
24₹ 1,67,906₹ 22,928₹ 1,82,476
25₹ 1,82,586₹ 8358₹ 0

Please note that there are some additional one-time payments such as processing fees, stamp duty, and GST on each of them, that is deducted from the disbursal amount. These charges are separate from the EMI related charges.

### Which formula is used for calculation?

The calculation in the EMI calculator is done through the below-given formula:

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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