Home Loan Calculator

# Indiabulls Home Loan EMI Calculator

Last Updated : Aug. 8, 2020, 2:54 p.m.

Using Indiabulls home loan EMI calculator works as a guiding hand in choosing which EMI is most suitable for you. The calculator is free to use and shows accurate results instantly. There is no limitation in how many values you can put in the calculator. For a general understanding, below is an example of how a home loan calculator works.

Results
 Loan Amount Interest Rate Tenure(Months) Monthly Instalment (EMI) Total Interest Amount Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

## 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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 30,00,0008.70%1₹ 2,61,937₹ 1,43,247₹ 31,43,247
₹ 30,00,0008.70%2₹ 1,36,642₹ 2,79,400₹ 32,79,400
₹ 30,00,0008.70%3₹ 94,981₹ 4,19,312₹ 34,19,312
₹ 30,00,0008.70%4₹ 74,229₹ 5,62,968₹ 35,62,968
₹ 30,00,0008.70%5₹ 61,839₹ 7,10,351₹ 37,10,351
₹ 30,00,0008.70%6₹ 53,631₹ 8,61,433₹ 38,61,433
₹ 30,00,0008.70%7₹ 47,812₹ 10,16,186₹ 40,16,186
₹ 30,00,0008.70%8₹ 43,485₹ 11,74,573₹ 41,74,573
₹ 30,00,0008.70%9₹ 40,153₹ 13,36,554₹ 43,36,554
₹ 30,00,0008.70%10₹ 37,517₹ 15,02,084₹ 45,02,084
₹ 30,00,0008.70%11₹ 35,387₹ 16,71,114₹ 46,71,114
₹ 30,00,0008.70%12₹ 33,636₹ 18,43,589₹ 48,43,589
₹ 30,00,0008.70%13₹ 32,176₹ 20,19,452₹ 50,19,452
₹ 30,00,0008.70%14₹ 30,944₹ 21,98,640₹ 51,98,640
₹ 30,00,0008.70%15₹ 29,895₹ 23,81,090₹ 53,81,090
₹ 30,00,0008.70%16₹ 28,993₹ 25,66,731₹ 55,66,731
₹ 30,00,0008.70%17₹ 28,213₹ 27,55,495₹ 57,55,495
₹ 30,00,0008.70%18₹ 27,534₹ 29,47,305₹ 59,47,305
₹ 30,00,0008.70%19₹ 26,939₹ 31,42,088₹ 61,42,088
₹ 30,00,0008.70%20₹ 26,416₹ 33,39,765₹ 63,39,765
₹ 30,00,0008.70%21₹ 25,953₹ 35,40,257₹ 65,40,257
₹ 30,00,0008.70%22₹ 25,543₹ 37,43,482₹ 67,43,482
₹ 30,00,0008.70%23₹ 25,179₹ 39,49,361₹ 69,49,361
₹ 30,00,0008.70%24₹ 24,854₹ 41,57,809₹ 71,57,809
₹ 30,00,0008.70%25₹ 24,562₹ 43,68,744₹ 73,68,744
₹ 30,00,0008.70%26₹ 24,302₹ 45,82,083₹ 75,82,083
₹ 30,00,0008.70%27₹ 24,067₹ 47,97,743₹ 77,97,743
₹ 30,00,0008.70%28₹ 23,856₹ 50,15,642₹ 80,15,642
₹ 30,00,0008.70%29₹ 23,666₹ 52,35,697₹ 82,35,697
₹ 30,00,0008.70%30₹ 23,494₹ 54,57,826₹ 84,57,826

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

YearPrincipalInterestBalance 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

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