DBS Home Loan EMI Calculator

DBS Home Loan - Lowest EMI is Rs. 881 per lakh

Last Updated 08th Feb 2017
  • Get monthly EMI as low as Rs. 881 per lakh with DBS Bank now offering home loans with loan tenure upto 20 years.
  • Lowest home loan interest rate currently offered by DBS Bank is 8.70%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 997 for a 15 year loan and Rs. 881 for a 20 year loan. Check the EMI for other tenures using the DBS Bank home loan EMI calculator on this page.

Home Loan EMI Calculator DBS Bank

DBS Bank Home Loan EMI Calculator

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 30 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.) 15 years20 years30 years
    2,500,000 24,91222,01319,578
    5,000,000 49,82544,02639,157
    7,500,000 74,73766,03958,735
    10,000,000 99,65088,05278,313
  • 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 2 Month MCLR, which is currently 7.95%. Last revised on 07th Feb 17
n = tenure in month. For DBS Bank, this can be 360 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.
DBS Home Loan EMI Calculator News - Feb 2017
07th Feb 17 DBS Bank cuts its MCLR by up to 35 points
DBS Bank has reduced its overnight and three months marginal cost of lending rates to 7.90 and 7.95 percent respectively. The bank has also reduced its one year MCLR by 20 basis points to 8.15 percent as compared to 8.35 percent earlier. The rates are effective from 7th February, 2017.
03rd Aug 16 DBS Bank keen on expanding digital offerings in India, says CEO Gupta
DBS Bank will launch a complete digital platform named Digibank in India for lending to SMEs by the end of this year. India will be the first market to launch digital SME platform by the bank in line with its strategic focus of expanding SME lending in India. DBS bank is also looking to open 48 more branches in India in the coming years if they get regulatory approval by the government.
28th Apr 16 DBS taps digital platform to grow retail banking operations
DBS Bank is looking to grow its retail banking operation using digital channels. DBS launched a mobile only bank on Tuesday and aims to garner 5 million customers and a deposit base of Rs.50000 crore over the next five years. The DBS mobile application named digibank will allow individuals to access a wallet at first and then open a savings deposit account with the bank. The balance in the account will earn 7% interest per annum.
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