# Indiabulls Home Loan EMI Calculator

₹ 50k ₹ 5Cr
6.0% 30.0%
1 years 30 years
Principal Amount
Interest Amount

Monthly EMI

Principal Amount

Interest Amount

Tenure (Years)

Total Amount

## 2044

If you apply for a home loan with Indiabulls, now known as Sammaan Capital, you can leverage their EMI calculator to guide your decision on the most suitable monthly payment plan. The calculator is free to use and shows accurate results instantly. There is no limitation on how many values you can put in the calculator. For a general understanding, below is an example of how a home loan calculator works

## Indiabulls Home Loan EMI Calculator 2024

A home loan EMI calculator takes into account basic details such as the loan amount, interest rate and tenure. When you mention these in the tool, you get the equated monthly installment (EMI) for the select tenure. Other than this, you get to see the total interest outgo and total repayment amount. Knowing these details is important as you accordingly prepare yourself for the repayment throughout the tenure. If the payments suit your budget, you proceed otherwise you think of decreasing the loan amount or increasing the tenure. Look at an example showing EMI and payments for the present lowest interest rate offered by Indiabulls on a home loan.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount
₹ 30,00,000 8.70% 1 ₹ 2,61,937 ₹ 1,43,247 ₹ 31,43,247
₹ 30,00,000 8.70% 2 ₹ 1,36,642 ₹ 2,79,400 ₹ 32,79,400
₹ 30,00,000 8.70% 3 ₹ 94,981 ₹ 4,19,312 ₹ 34,19,312
₹ 30,00,000 8.70% 4 ₹ 74,229 ₹ 5,62,968 ₹ 35,62,968
₹ 30,00,000 8.70% 5 ₹ 61,839 ₹ 7,10,351 ₹ 37,10,351
₹ 30,00,000 8.70% 6 ₹ 53,631 ₹ 8,61,433 ₹ 38,61,433
₹ 30,00,000 8.70% 7 ₹ 47,812 ₹ 10,16,186 ₹ 40,16,186
₹ 30,00,000 8.70% 8 ₹ 43,485 ₹ 11,74,573 ₹ 41,74,573
₹ 30,00,000 8.70% 9 ₹ 40,153 ₹ 13,36,554 ₹ 43,36,554
₹ 30,00,000 8.70% 10 ₹ 37,517 ₹ 15,02,084 ₹ 45,02,084
₹ 30,00,000 8.70% 11 ₹ 35,387 ₹ 16,71,114 ₹ 46,71,114
₹ 30,00,000 8.70% 12 ₹ 33,636 ₹ 18,43,589 ₹ 48,43,589
₹ 30,00,000 8.70% 13 ₹ 32,176 ₹ 20,19,452 ₹ 50,19,452
₹ 30,00,000 8.70% 14 ₹ 30,944 ₹ 21,98,640 ₹ 51,98,640
₹ 30,00,000 8.70% 15 ₹ 29,895 ₹ 23,81,090 ₹ 53,81,090
₹ 30,00,000 8.70% 16 ₹ 28,993 ₹ 25,66,731 ₹ 55,66,731
₹ 30,00,000 8.70% 17 ₹ 28,213 ₹ 27,55,495 ₹ 57,55,495
₹ 30,00,000 8.70% 18 ₹ 27,534 ₹ 29,47,305 ₹ 59,47,305
₹ 30,00,000 8.70% 19 ₹ 26,939 ₹ 31,42,088 ₹ 61,42,088
₹ 30,00,000 8.70% 20 ₹ 26,416 ₹ 33,39,765 ₹ 63,39,765
₹ 30,00,000 8.70% 21 ₹ 25,953 ₹ 35,40,257 ₹ 65,40,257
₹ 30,00,000 8.70% 22 ₹ 25,543 ₹ 37,43,482 ₹ 67,43,482
₹ 30,00,000 8.70% 23 ₹ 25,179 ₹ 39,49,361 ₹ 69,49,361
₹ 30,00,000 8.70% 24 ₹ 24,854 ₹ 41,57,809 ₹ 71,57,809
₹ 30,00,000 8.70% 25 ₹ 24,562 ₹ 43,68,744 ₹ 73,68,744
₹ 30,00,000 8.70% 26 ₹ 24,302 ₹ 45,82,083 ₹ 75,82,083
₹ 30,00,000 8.70% 27 ₹ 24,067 ₹ 47,97,743 ₹ 77,97,743
₹ 30,00,000 8.70% 28 ₹ 23,856 ₹ 50,15,642 ₹ 80,15,642
₹ 30,00,000 8.70% 29 ₹ 23,666 ₹ 52,35,697 ₹ 82,35,697
₹ 30,00,000 8.70% 30 ₹ 23,494 ₹ 54,57,826 ₹ 84,57,826

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

Year Principal Interest Balance Amount
1 ₹ 21,782 ₹ 2,60,145 ₹ 29,78,217
2 ₹ 23,755 ₹ 2,58,173 ₹ 29,54,462
3 ₹ 25,906 ₹ 2,56,021 ₹ 29,28,556
4 ₹ 28,252 ₹ 2,53,675 ₹ 29,00,304
5 ₹ 30,810 ₹ 2,51,117 ₹ 28,69,493
6 ₹ 33,600 ₹ 2,48,327 ₹ 28,35,893
7 ₹ 36,643 ₹ 2,45,284 ₹ 27,99,250
8 ₹ 39,961 ₹ 2,41,966 ₹ 27,59,289
9 ₹ 43,579 ₹ 2,38,348 ₹ 27,15,709
10 ₹ 47,526 ₹ 2,34,401 ₹ 26,68,182
11 ₹ 51,830 ₹ 2,30,098 ₹ 26,16,352
12 ₹ 56,523 ₹ 2,25,404 ₹ 25,59,829
13 ₹ 61,641 ₹ 2,20,286 ₹ 24,98,187
14 ₹ 67,223 ₹ 2,14,704 ₹ 24,30,963
15 ₹ 73,311 ₹ 2,08,616 ₹ 23,57,652
16 ₹ 79,949 ₹ 2,01,978 ₹ 22,77,702
17 ₹ 87,189 ₹ 1,94,738 ₹ 21,90,512
18 ₹ 95,085 ₹ 1,86,842 ₹ 20,95,427
19 ₹ 1,03,695 ₹ 1,78,232 ₹ 19,91,732
20 ₹ 1,13,085 ₹ 1,68,842 ₹ 18,78,646
21 ₹ 1,23,325 ₹ 1,58,602 ₹ 17,55,320
22 ₹ 1,34,493 ₹ 1,47,434 ₹ 16,20,827
23 ₹ 1,46,672 ₹ 1,35,255 ₹ 14,74,154
24 ₹ 1,59,954 ₹ 1,21,973 ₹ 13,14,200
25 ₹ 1,74,439 ₹ 1,07,489 ₹ 11,39,761
26 ₹ 1,90,235 ₹ 91,692 ₹ 9,49,525
27 ₹ 2,07,461 ₹ 74,466 ₹ 7,42,064
28 ₹ 2,26,248 ₹ 55,679 ₹ 5,15,815
29 ₹ 2,46,736 ₹ 35,191 ₹ 2,69,079
30 ₹ 2,69,248 ₹ 12,848 ₹ 0

## Indiabulls Home Loan EMI Calculator Formula

Below is the formula used to calculate the monthly installment, total interest outgo and total repayment amount of a home loan.

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

Let’s understand with an example. Suppose Mr. Mehta takes out a home loan of ₹28,00,000 with a 20-year term at an annual interest rate of 8.5%. Using the following formula:

• Principal Amount (P): ₹28,00,000
• Interest Rate (R): 8.5% per annum (which translates to 0.00708 per month)
• Loan Tenure (n): 20 years, or 240 months

Let’s see how it works:

[28,00,000 x 0.00708 x (1 + 0.00708) ^ 240]/[(1+0.00708) ^240 -1] = 24,299

The EMIs you will be required to pay is 24,299

Conclusion

The Indiabulls home loan EMI calculator, now part of Sammaan Capital, is a helpful tool for potential borrowers. It provides a quick and easy way to figure out monthly payments. This calculator gives accurate and instant results, helping users make smart choices and manage their money well as they plan to buy their dream home.