DBS Home Loan EMI Calculator
DBS Home Loan Calculator
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DBS Home Loan EMI Calculator Online
When you take a home loan from DBS Bank you have to pay an Equal Monthly Installment (EMI) against the borrowed loan amount, to repay the loan and the interest to the bank. Every month, the EMI is due on a fixed day of the month till your loan is fully paid back.
To calculate your DBS Bank housing loan EMI you can use a home loan calculator DBS Bank online to check how much you will have to pay every month. The DBS Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm to give accurate results based on loan requirements that you enter, such as loan amount, tenure and rate. You can easily calculate EMI online and get reliable results without any hassle.
DBS Bank Housing Loan EMI Calculator at Different Tenures
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 15 years | 20 years | 30 years |
| ₹ 25 Lakh | ₹ 22,892 | ₹ 19,835 | ₹ 17,139 |
| ₹ 50 Lakh | ₹ 45,784 | ₹ 39,670 | ₹ 34,279 |
| ₹ 75 Lakh | ₹ 68,676 | ₹ 59,506 | ₹ 51,418 |
| ₹ 1 Cr | ₹ 91,568 | ₹ 79,341 | ₹ 68,557 |
How can DBS Bank Home Loan EMI Calculator be Beneficial?
Factors Affecting DBS Bank Home Loan EMI
DBS Home Loan EMI Calculator Formula
DBS Home Loan Calculator calculates EMI based on the following formula.
P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how DBS Bank Home Loan EMI calculator formulates EMI:
In above formula,
Tips to Decide the Right Amount of DBS Bank Home Loan EMI
DBS Bank Home Loan Details
DBS Home Loan Amortization Calculator
The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.
Illustration: How to read an amortization scheduleSuppose you borrow a Home Loan of ₹ 25 Lakh from DBS for 25 years at an interest rate of 7.30%, the EMI calculated for this loan amount would be ₹ 18,151 and the total annual EMIs to be paid annually is ₹ 2,17,809. The DBS Home Loan EMI schedule for 25 years is explained below in the table –
Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 1,06,079 | ₹ 20,977 | ₹ 1,27,055 | ₹ 24,79,023 |
| 2022 | ₹ 1,79,711 | ₹ 38,099 | ₹ 2,17,809 | ₹ 24,40,924 |
| 2023 | ₹ 1,76,835 | ₹ 40,975 | ₹ 2,17,809 | ₹ 23,99,950 |
| 2024 | ₹ 1,73,741 | ₹ 44,068 | ₹ 2,17,809 | ₹ 23,55,881 |
| 2025 | ₹ 1,70,414 | ₹ 47,395 | ₹ 2,17,809 | ₹ 23,08,487 |
| 2026 | ₹ 1,66,836 | ₹ 50,973 | ₹ 2,17,809 | ₹ 22,57,514 |
| 2027 | ₹ 1,62,988 | ₹ 54,821 | ₹ 2,17,809 | ₹ 22,02,693 |
| 2028 | ₹ 1,58,850 | ₹ 58,960 | ₹ 2,17,809 | ₹ 21,43,733 |
| 2029 | ₹ 1,54,399 | ₹ 63,411 | ₹ 2,17,809 | ₹ 20,80,322 |
| 2030 | ₹ 1,49,612 | ₹ 68,198 | ₹ 2,17,809 | ₹ 20,12,125 |
| 2031 | ₹ 1,44,463 | ₹ 73,346 | ₹ 2,17,809 | ₹ 19,38,779 |
| 2032 | ₹ 1,38,926 | ₹ 78,883 | ₹ 2,17,809 | ₹ 18,59,895 |
| 2033 | ₹ 1,32,971 | ₹ 84,838 | ₹ 2,17,809 | ₹ 17,75,057 |
| 2034 | ₹ 1,26,566 | ₹ 91,243 | ₹ 2,17,809 | ₹ 16,83,814 |
| 2035 | ₹ 1,19,678 | ₹ 98,131 | ₹ 2,17,809 | ₹ 15,85,683 |
| 2036 | ₹ 1,12,270 | ₹ 1,05,539 | ₹ 2,17,809 | ₹ 14,80,144 |
| 2037 | ₹ 1,04,303 | ₹ 1,13,507 | ₹ 2,17,809 | ₹ 13,66,637 |
| 2038 | ₹ 95,734 | ₹ 1,22,076 | ₹ 2,17,809 | ₹ 12,44,561 |
| 2039 | ₹ 86,518 | ₹ 1,31,291 | ₹ 2,17,809 | ₹ 11,13,270 |
| 2040 | ₹ 76,606 | ₹ 1,41,203 | ₹ 2,17,809 | ₹ 9,72,067 |
| 2041 | ₹ 65,947 | ₹ 1,51,863 | ₹ 2,17,809 | ₹ 8,20,204 |
| 2042 | ₹ 54,482 | ₹ 1,63,327 | ₹ 2,17,809 | ₹ 6,56,877 |
| 2043 | ₹ 42,152 | ₹ 1,75,657 | ₹ 2,17,809 | ₹ 4,81,219 |
| 2044 | ₹ 28,891 | ₹ 1,88,918 | ₹ 2,17,809 | ₹ 2,92,301 |
| 2045 | ₹ 14,629 | ₹ 2,03,180 | ₹ 2,17,809 | ₹ 89,121 |
| 2046 | ₹ 1,633 | ₹ 89,121 | ₹ 90,754 | ₹ 0 |
Each DBS Home Loan EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.
As you assess the amortization table, you will find that by the end of 1st year 16.76% of your EMI has been used to repay the principal amount. This means that the remaining 83.24% of the EMI went into interest payment. Thus, you end up paying only 1.46% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to DBS.
In year 25, the interest component of DBS EMI is around 3.84%, while the principal component is around 96.16%. Upto 25 years, you have cumulatively repaid 100% of your total DBS Home Loan.
DBS Bank Home Loan Interest Rate Calculator
EMI calculator home loan DBS Bank can also be used as an DBS Bank interest rate calculator to determine the total interest you will pay on a housing loan at different loan tenure.
Home Loan EMI for ₹ 1 Lakh loan amount at lowest 7.30% interest rate offered by DBS Bank for different tenures| Calculated Results for DBS Bank Home Loan EMI | 5 years | 10 years | 15 years | 30 Years years |
|---|---|---|---|---|
| DBS Bank EMI for a loan amount ₹ 1 lakh at 7.30% | ₹ 1,994 | ₹ 1,177 | ₹ 916 | ₹ 686 |
| Total amount you pay back to the bank including principal and interest | ₹ 1.20 Lakh | ₹ 1.41 Lakh | ₹ 1.65 Lakh | ₹ 2.47 Lakh |
| Interest you have to pay during the loan tenure | ₹ 19,640 | ₹ 41,240 | ₹ 64,880 | ₹ 1.47 Lakh |
The above table shows the longer your loan tenure, lower is the EMI you pay on the loan. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take a ₹ 1 Lakh loan for a period of 30, you pay the lowest EMI of ₹ 686 . However, you pay an interest of ₹ 1,46,960 on a ₹ 1 Lakh loan.
In contrast, if you take a ₹ 1 Lakh loan from DBS Bank at the lowest loan rate offered for a period of 15 years, you pay a higher home loan EMI of ₹ 1,994 and pay an interest of only ₹ 19,640 which is less than half of what you paid in a 30 Years years loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses. Calculation of DBS Bank name home loan interest payout can be done using emi calculator home loan DBS Bank
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FAQs
✅Will the DBS home loan EMI remain constant or change in future?
Typically, the home loan EMI remains unchanged unless you request for a change in tenure or prepay your loan amount. This however is subjected to approval by the bank. DBS Bank home loan emi can also change in case you opt for a floating rate of interests.
✅What happens in case of increase or decrease in DBS Bank interest rate?
In case the floating rate of interest on your home loan increases, the EMI will increase as per the reset frequency of your DBS Bank home loan. For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement. You can plan your EMIs with DBS Bank Home loan EMI calculator 2021.
✅Will DBS Bank home loan EMI change in case of prepayment?
DBS Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your DBS Bank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the DBS Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using DBS Bank home loan calculator.
✅Why should I calculate DBS Bank loan EMI before taking a loan?
It is advised to calculate DBS Bank home loan EMI before taking a home loan. There are several benefits of calculating your DBS Bank housing loan EMI which can be done using DBS Bank loan calculator DBS Bank housing loan EMI calculator as discussed below -
✅What is the EMI for home loan in DBS Bank?
The DBS Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using DBS Bank home loan calculator. Based on the lowest rate of 7.30% and maximum tenure of 20 years, the DBS Bank home loan EMI for different loan amount will be:
| Loan amount | EMI |
|---|---|
| ₹ 10 Lakh | ₹ 7,934 |
| ₹ 12 Lakh | ₹ 9,521 |
| ₹ 15 Lakh | ₹ 11,901 |
| ₹ 30 Lakh | ₹ 23,802 |
| ₹ 50 Lakh | ₹ 39,670 |
You can compare DBS Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.
✅How accurate is a DBS Bank Housing Loan EMI calculator?
Online DBS Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The DBS Bank home loan emi calculator is far better than manual calculations , as chances of error are less.
✅How to pay your DBS Bank Home loan EMI Online?
To pay the EMI of DBS Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.
✅How is DBS Bank home loan EMI calculated?
The DBS Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.
✅What is the EMI for ₹ 10 lakhs home loan in DBS Bank?
You can use a 10 lakh home loan emi calculator DBS Bank, to determine different EMI for different tenures. Let`s understand with examples:-
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 10 Lakh | 7.30% | 10 years loan | ₹ 11,766 |
| ₹ 10 Lakh | 7.30% | 15 years loan | ₹ 10,988 |
| ₹ 10 Lakh | 7.30% | 20 years loan | ₹ 11,901 |
✅What is the EMI for a 25 lakhs home loan in DBS Bank and how is it calculated?
EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator DBS Bank:--
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 25 Lakh | 7.30% | 10 years loan | ₹ 29,415 |
| ₹ 25 Lakh | 7.30% | 15 years loan | ₹ 22,892 |
| ₹ 25 Lakh | 7.30% | 20 years loan | ₹ 19,835 |
✅What is the EMI for 12 lakhs home loan in DBS Bank?
A borrower will pay ₹ 12,533 if he/she takes loan for 12 years at an interest rate of 7.30%. The 12 lakh home loan emi DBS Bank may vary across DBS Bank home loan interest rate.
✅How to check my home loan balance in DBS Bank?
To check the home loan balance in DBS Bank, a borrower should log in to the DBS Bank net banking portal, click on ‘Loans’. Select Know balance or a borrower can use MISSED CALL BANKING or SMS Banking to know the status. You can also contact the DBS Bank customer care at .
✅How can I avail income tax benefits on a DBS Bank home loan?
You can avail income tax benefits on a DBS Bank home loan under Section 24B, you can claim deduction for upto #&8377; 2 Lakh for the accrual and payment of interest on DBS Bank housing loan. Under Section 80EEA, you can claim deduction for upto #&8377;1.50 Lakh for the interest payment of home loan availed during the financial year. You can declare all the information in income tax returns form and you will be able to get the benefits.
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- 2021-04-30 : DBS planning to buy Citi’s consumer banking in India
DBS is planning to purchase Citi’s consumer business in India. Citibank announced that it will be exiting from 13 international consumer banking markets, including India and China as part of its global strategy. - 2021-03-09 : DBS Bank launched a travel marketplace on the digibank app
DBS Bank introduced a travel marketplace on the digibank app. It will enable customers to browse and book flights, bus tickets and hotels across hundreds of destinations within and outside of India. DBS bank offers a savings account and currently the interest on the savings account is 4%. - 2019-03-06 : DBS Bank inaugurates the first branch in Ahmedabad
DBS Bank on has inaugurated its first branch in Ahmedabad with a focus on catering to the needs of Small and Medium-sized Enterprises (SMEs), corporate and retail segment. The lender is increasing its presence in the state as well as the nation also by opening eight more number of bank branches. The lender has further plans to reach out to more number of SMEs through their digital offerings as well as superior banking services. - 2018-09-07 : DBS Bank hikes Floating Home Loan and LAP rates
DBS Bank has increased its floating Interest Rate on the home loan and Loan Against Property (LAP) by 25 basis point following the hike in its MCLR. The new rate for the Home loan now starts at 9.70% and for that of LAP at 12.15%, a hike of 25 basis points. The revised rates are effective from September 7, 2018. There is no change in the processing fees. - 2018-08-08 : DBS Bank revises MCLR rates
DBS Bank has revised its MCLR for the month of August. The rates continue to be in the range of 8.60% to 8.90%. Six month MCLR is now at 8.85% and that of one year is 8.90%. The rates are effective from August 7, 2018.
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