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DBS Home Loan EMI Calculator

DBS Bank Home Loan Calculator

Last Updated 20th May 2022

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DBS Housing Loan EMI Calculator

DBS Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure, and interest rate. You can calculate your DBS Bank housing loan EMI in advance to plan your loan payments and expenses using a DBS Bank home loan calculator. DBS Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why Should You Use DBS Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: DBS Bank offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for DBS Bank home loan.
  • Compare DBS Bank Home Loan EMI: With the DBS Bank home loan EMI Calculator online, you can also estimate EMI on your home loan from DBS Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any loan tenure period. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

How to Calculate EMI for Home Loan in DBS Bank?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the DBS Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of DBS Bank Home Loan at the various combinations of loan amount and years at the lowest rate of %. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right DBS Bank Home loan plan for you.

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the DBS Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of DBS Bank Home Loan at the various combinations of loan amount and years at the lowest rate of %. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right DBS Bank Home loan plan for you.

DBS Bank home loan EMI is calculated for different loan amounts and tenures at % interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 0 ₹ 0 ₹ 0
₹ 50 Lakh ₹ 0 ₹ 0 ₹ 0
₹ 75 Lakh ₹ 0 ₹ 0 ₹ 0
₹ 1 Cr ₹ 0 ₹ 0 ₹ 0

Benefits of using DBS Bank Home Loan EMI Calculator

DBS Bank Home Loan interest Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate, and tenure. Thus, using the DBS Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare DBS Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting DBS Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI DBS Bank gives a minimum home loan of ₹ 5,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your DBS Bank housing loan EMI which will increase the total cost of the loan. DBS Bank current home loan interest rate starts at %. Do a complete market research and compare rates and calculate EMI online using the DBS Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in DBS Bank. Your EMI will be lower if you take a 20 years loan from DBS Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

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,

  • P = Loan amount. DBS Bank home loan amount can range from ₹ 5,00,000 to ₹ 5,00,00,000
  • R = Rate of interest per month. Current DBS Bank housing loan rate %.
  • N = tenure in month. For DBS Bank, maximum home loan tenure is 360 months

Comparison of DBS Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
DBS Bank %
HDFC 7.00% ₹ 6,653 ₹ 19,959 ₹ 33,265
ICICI Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

DBS Bank Home Loan Amortization Calculator

DBS Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. DBS Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 35 Lakh for 15 years from DBS Bank at an interest rate of 6.50%. EMI calculated for this loan amount is ₹ 30,489 and the total annual EMIs to be paid annually is ₹ 3,65,865. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 35 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,49,899 ₹ 94,011 ₹ 2,43,910 ₹ 34,05,989
2023 ₹ 2,17,006 ₹ 1,48,859 ₹ 3,65,865 ₹ 32,57,130
2024 ₹ 2,07,037 ₹ 1,58,828 ₹ 3,65,865 ₹ 30,98,302
2025 ₹ 1,96,400 ₹ 1,69,465 ₹ 3,65,865 ₹ 29,28,837
2026 ₹ 1,85,051 ₹ 1,80,814 ₹ 3,65,865 ₹ 27,48,023
2027 ₹ 1,72,941 ₹ 1,92,924 ₹ 3,65,865 ₹ 25,55,099
2028 ₹ 1,60,021 ₹ 2,05,844 ₹ 3,65,865 ₹ 23,49,254
2029 ₹ 1,46,235 ₹ 2,19,630 ₹ 3,65,865 ₹ 21,29,624
2030 ₹ 1,31,526 ₹ 2,34,339 ₹ 3,65,865 ₹ 18,95,285
2031 ₹ 1,15,832 ₹ 2,50,033 ₹ 3,65,865 ₹ 16,45,252
2032 ₹ 99,087 ₹ 2,66,778 ₹ 3,65,865 ₹ 13,78,473
2033 ₹ 81,220 ₹ 2,84,645 ₹ 3,65,865 ₹ 10,93,828
2034 ₹ 62,157 ₹ 3,03,708 ₹ 3,65,865 ₹ 7,90,120
2035 ₹ 41,817 ₹ 3,24,048 ₹ 3,65,865 ₹ 4,66,072
2036 ₹ 20,115 ₹ 3,45,750 ₹ 3,65,865 ₹ 1,20,321
2037 ₹ 1,634 ₹ 1,20,321 ₹ 1,21,955 -₹ 0

In the above illustration, on a DBS Bank Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 6.50, EMI paid is ₹ 30,489 and an annual total of EMIs is ₹ 3,65,865, the interest component is ₹ 2,23,303 while the principal component is ₹ 1,42,563 in year 1 of loan disbursement. You repay only 4.07% of the total principal after paying 12 EMIs during the first year.

DBS Bank Home Loan EMI for ₹ 10 Lakh

The following table shows DBS Bank Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of %

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 % 5 Years
₹ 10,00,000 % 10 Years
₹ 10,00,000 % 15 Years
₹ 10,00,000 % 20 Years
₹ 10,00,000 % 20 Years

DBS Bank Home Loan EMI for ₹ 20 Lakh

The following table shows DBS Bank Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of %

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 % 5 Years
₹ 20,00,000 % 10 Years
₹ 20,00,000 % 15 Years
₹ 20,00,000 % 20 Years
₹ 20,00,000 % 20 Years

DBS Bank Home Loan EMI for ₹ 25 Lakh

The table below shows DBS Bank Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of %

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 % 5 Years
₹ 25,00,000 % 10 Years
₹ 25,00,000 % 15 Years
₹ 25,00,000 % 20 Years
₹ 25,00,000 % 20 Years

DBS Bank Home Loan EMI for ₹ 30 Lakh

The following table shows DBS Bank Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of %

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 % 5 Years
₹ 30,00,000 % 10 Years
₹ 30,00,000 % 15 Years
₹ 30,00,000 % 20 Years
₹ 30,00,000 % 20 Years

DBS Bank Home Loan EMI for ₹ 50 Lakh

The following table shows DBS Bank Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of %

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 % 5 Years
₹ 50,00,000 % 10 Years
₹ 50,00,000 % 15 Years
₹ 50,00,000 % 20 Years
₹ 50,00,000 % 20 Years

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the DBS Bank home loan EMI remain constant or change in future?

No, your DBS Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the DBS Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in DBS Bank interest rate?

DBS Bank offers floating rate home loans only. If you take a floating rate loan from DBS Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your DBS Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

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 home EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make DBS Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator DBS Bank.

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 % and maximum tenure of 20 years, the DBS Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh
₹ 12 Lakh
₹ 15 Lakh
₹ 30 Lakh
₹ 50 Lakh

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.

Compare Home Loan EMI of All Banks


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DBS Home Loan News - May 2022
  • 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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