DBS Home Loan EMI Calculator

Home Loan EMI Calculator DBS Bank

DBS Home Loan EMI

• Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to DBS Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
• With DBS Bank offering Home Loans with loan tenure upto 20 years, the loan EMI can be as low as Rs. 881 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by DBS Bank on Home Loan is 8.70%.

	Loan Tenure
Loan Amount (Rs.)	10 years	15 years	20 years
2,500,000	31,264	24,912	22,013
5,000,000	62,529	49,825	44,026
7,500,000	93,793	74,737	66,039
10,000,000	125,058	99,650	88,052

• This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

DBS Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how DBS Bank Home Loan EMI is calculated:

In above formula,

P = Loan amount. This can range from Rs. 500,000 to Rs. 50,000,000

r = Rate of interest per month. Current rate is 8.70%, which is linked to DBS 3 Month MCLR, which is currently 8.10%. Last revised on 07th Jul 17

n = tenure in month. For DBS Bank, this can be 240 months

Will the DBS home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

• Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by DBS Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
• In case the floating rate of interest on your home loan increases, DBS Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by DBS Bank, the bank may increase your EMI amount.
• For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

• DBS Bank allows prepayment at nil charges or penalty in case of floating rate home loans.
• When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.