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Dhan Laxmi Home Loan EMI Calculator

Dhan Laxmi Home Loan Calculator

Last Updated 03rd Jun 2021

  • Dhan Laxmi Bank home loan EMI per ₹ 1 Lakh is ₹ 799, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Dhan Laxmi Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Dhan Laxmi Bank home loan before applying. Use an online Dhan Laxmi Bank loan EMI calculator to estimate your EMI.
  • Check Dhan Laxmi Bank home loan EMI for different tenures at the current Dhan Laxmi Bank home loan interest rate of 7.40%
  • Loan Amount10 Year Loan15 Year loan20 Year loan
    ₹ 10 Lakh₹ 11,818₹ 9,213₹ 7,995
    ₹ 20 Lakh₹ 23,636₹ 18,427₹ 15,990
    ₹ 30 Lakh₹ 35,454₹ 27,640₹ 23,985
    ₹ 50 Lakh₹ 59,090₹ 46,067₹ 39,974

    Jump to EMI Calculator

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Dhan Laxmi Home Loan EMI Calculator Online

Dhan Laxmi 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 Dhan Laxmi Bank housing loan EMI in advance to plan your loan payments and expenses using a Dhan Laxmi Bank home loan calculator. Dhan Laxmi 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 Dhan Laxmi Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Dhan Laxmi 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 Dhan Laxmi Bank home loan.
  • Compare Dhan Laxmi Bank Home Loan EMI: With Dhan Laxmi Bank home loan EMI Calculator, you can also estimate EMI on your home loan from Dhan Laxmi 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 period of the loan tenure. 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.

Dhan Laxmi Bank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Dhan Laxmi Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Dhan Laxmi Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 7.40%. 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 Dhan Laxmi Bank Home loan plan for you.

Dhan Laxmi Bank home loan EMI is calculated for different loan amounts and tenures at 7.40% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 23,033 ₹ 19,987 ₹ 17,310
₹ 50 Lakh ₹ 46,067 ₹ 39,974 ₹ 34,619
₹ 75 Lakh ₹ 69,100 ₹ 59,962 ₹ 51,928
₹ 1 Cr ₹ 92,134 ₹ 79,949 ₹ 69,238

Benefits of using Dhan Laxmi Bank Home Loan EMI Calculator

Dhan Laxmi Bank Home Loan 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 Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 2,50,00,000.

Interest Rate

Higher interest rate increases your Dhan Laxmi Bank housing loan EMI which will increase the total cost of the loan. Dhan Laxmi Bank current home loan interest rate starts at 7.40%. Do a complete market research and compare rates and calculate EMI online using Dhan Laxmi 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 Dhan Laxmi Bank. Your EMI will be lower if you take a 0 years loan from Dhan Laxmi Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Dhan Laxmi Home Loan EMI Calculator Formula

Dhan Laxmi 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 Dhan Laxmi Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Dhan Laxmi Bank home loan amount can range from ₹ 15,00,000 to ₹ 2,50,00,000
  • r = Rate of interest per month. Current Dhan Laxmi Bank housing loan rate 7.40%.
  • n = tenure in month. For Dhan Laxmi Bank, maximum home loan tenure is 360 months

Comparison of Dhan Laxmi 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
Dhan Laxmi Bank 7.40% ₹ 6,924 ₹ 20,771 ₹ 34,619
HDFC 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
ICICI Bank 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
SBI 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
LIC Housing Finance 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

Dhan Laxmi Bank Home Loan Amortization Calculator

Dhan Laxmi Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Dhan Laxmi 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 ₹ 25 Lakh for 25 years from Dhan Laxmi Bank at an interest rate of 7.40%. EMI calculated for this loan amount is ₹ 18,312 and the total annual EMIs to be paid annually is ₹ 2,19,750. The EMI schedule of loan 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 ₹ 1,07,538 ₹ 20,650 ₹ 1,28,187 ₹ 24,79,350
2022 ₹ 1,82,216 ₹ 37,534 ₹ 2,19,750 ₹ 24,41,817
2023 ₹ 1,79,342 ₹ 40,407 ₹ 2,19,750 ₹ 24,01,409
2024 ₹ 1,76,249 ₹ 43,501 ₹ 2,19,750 ₹ 23,57,908
2025 ₹ 1,72,918 ₹ 46,832 ₹ 2,19,750 ₹ 23,11,076
2026 ₹ 1,69,332 ₹ 50,417 ₹ 2,19,750 ₹ 22,60,659
2027 ₹ 1,65,472 ₹ 54,277 ₹ 2,19,750 ₹ 22,06,382
2028 ₹ 1,61,317 ₹ 58,433 ₹ 2,19,750 ₹ 21,47,949
2029 ₹ 1,56,843 ₹ 62,907 ₹ 2,19,750 ₹ 20,85,042
2030 ₹ 1,52,027 ₹ 67,723 ₹ 2,19,750 ₹ 20,17,320
2031 ₹ 1,46,842 ₹ 72,908 ₹ 2,19,750 ₹ 19,44,412
2032 ₹ 1,41,260 ₹ 78,490 ₹ 2,19,750 ₹ 18,65,922
2033 ₹ 1,35,250 ₹ 84,499 ₹ 2,19,750 ₹ 17,81,423
2034 ₹ 1,28,781 ₹ 90,969 ₹ 2,19,750 ₹ 16,90,454
2035 ₹ 1,21,816 ₹ 97,933 ₹ 2,19,750 ₹ 15,92,521
2036 ₹ 1,14,318 ₹ 1,05,431 ₹ 2,19,750 ₹ 14,87,089
2037 ₹ 1,06,246 ₹ 1,13,503 ₹ 2,19,750 ₹ 13,73,586
2038 ₹ 97,556 ₹ 1,22,194 ₹ 2,19,750 ₹ 12,51,392
2039 ₹ 88,201 ₹ 1,31,549 ₹ 2,19,750 ₹ 11,19,843
2040 ₹ 78,129 ₹ 1,41,621 ₹ 2,19,750 ₹ 9,78,223
2041 ₹ 67,286 ₹ 1,52,463 ₹ 2,19,750 ₹ 8,25,760
2042 ₹ 55,613 ₹ 1,64,136 ₹ 2,19,750 ₹ 6,61,623
2043 ₹ 43,047 ₹ 1,76,703 ₹ 2,19,750 ₹ 4,84,920
2044 ₹ 29,518 ₹ 1,90,232 ₹ 2,19,750 ₹ 2,94,689
2045 ₹ 14,953 ₹ 2,04,796 ₹ 2,19,750 ₹ 89,893
2046 ₹ 1,670 ₹ 89,893 ₹ 91,562 -₹ 0

In the above illustration, on a Dhan Laxmi Bank Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 7.40, EMI paid is ₹ 18,312 and an annual total of EMIs is ₹ 2,19,750, the interest component is ₹ 1,83,797 while the principal component is ₹ 35,953 in year 1 of loan disbursement. You repay only 1.44% of the total principal after paying 12 EMIs during the first year.

Dhan Laxmi Bank Home Loan EMI for ₹ 10 Lakh

The following table shows Dhan Laxmi Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 7.40%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 7.40% 5 Years ₹ 19,990
₹ 10,00,000 7.40% 10 Years ₹ 11,818
₹ 10,00,000 7.40% 15 Years ₹ 9,213
₹ 10,00,000 7.40% 20 Years ₹ 7,995
₹ 10,00,000 7.40% 0 Years

Dhan Laxmi Bank Home Loan EMI for ₹ 20 Lakh

The following table shows Dhan Laxmi Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 7.40%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 7.40% 5 Years ₹ 39,981
₹ 20,00,000 7.40% 10 Years ₹ 23,636
₹ 20,00,000 7.40% 15 Years ₹ 18,427
₹ 20,00,000 7.40% 20 Years ₹ 15,990
₹ 20,00,000 7.40% 0 Years

Dhan Laxmi Bank Home Loan EMI for ₹ 30 Lakh

The following table shows Dhan Laxmi Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 7.40%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 7.40% 5 Years ₹ 59,971
₹ 30,00,000 7.40% 10 Years ₹ 35,454
₹ 30,00,000 7.40% 15 Years ₹ 27,640
₹ 30,00,000 7.40% 20 Years ₹ 23,985
₹ 30,00,000 7.40% 0 Years

Dhan Laxmi Bank Home Loan EMI for ₹ 50 Lakh

The following table shows Dhan Laxmi Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 7.40%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 7.40% 5 Years ₹ 99,952
₹ 50,00,000 7.40% 10 Years ₹ 59,090
₹ 50,00,000 7.40% 15 Years ₹ 46,067
₹ 50,00,000 7.40% 20 Years ₹ 39,974
₹ 50,00,000 7.40% 0 Years

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FAQs

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

No, your Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi Bank interest rate?

Dhan Laxmi Bank offers floating rate home loans only. If you take a floating rate loan from Dhan Laxmi 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 Dhan Laxmi Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Dhan Laxmi Bank home loan EMI change in case of prepayment?

Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi 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 Dhan Laxmi Bank home loan calculator.

Why should I calculate Dhan Laxmi Bank loan EMI before taking a loan?

It is advised to calculate Dhan Laxmi Bank home loan EMI before taking a home loan. There are several benefits of calculating your Dhan Laxmi Bank housing loan EMI which can be done using Dhan Laxmi Bank loan calculator Dhan Laxmi Bank housing loan 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 Dhan Laxmi 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 Dhan Laxmi Bank.

What is the EMI for home loan in Dhan Laxmi Bank?

The Dhan Laxmi Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Dhan Laxmi Bank home loan calculator. Based on the lowest rate of 7.40% and maximum tenure of 20 years, the Dhan Laxmi Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 7,995
₹ 12 Lakh ₹ 9,594
₹ 15 Lakh ₹ 11,992
₹ 30 Lakh ₹ 23,985
₹ 50 Lakh ₹ 39,974

You can compare Dhan Laxmi 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 Dhan Laxmi Bank Housing Loan EMI calculator?

Online Dhan Laxmi 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 Dhan Laxmi Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Dhan Laxmi Bank Home loan EMI Online?

To pay the EMI of Dhan Laxmi 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 Dhan Laxmi Bank home loan EMI calculated?

The Dhan Laxmi 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 Lakh home loan in Dhan Laxmi Bank?

You can use a 10 lakh home loan emi calculator Dhan Laxmi Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 7.40% 10 years loan ₹ 11,818
₹ 10 Lakh 7.40% 15 years loan ₹ 9,213
₹ 10 Lakh 7.40% 20 years loan ₹ 7,995

What is the EMI for ₹ 20 Lakh home loan in Dhan Laxmi Bank?

You can use a 20 lakh home loan emi calculator Dhan Laxmi Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 7.40% 10 years loan ₹ 23,636
₹ 20 Lakh 7.40% 15 years loan ₹ 18,427
₹ 20 Lakh 7.40% 20 years loan ₹ 15,990

What is the EMI for ₹ 30 Lakh home loan in Dhan Laxmi Bank?

You can use a 30 lakh home loan emi calculator Dhan Laxmi Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 7.40% 10 years loan ₹ 35,454
₹ 30 Lakh 7.40% 15 years loan ₹ 27,640
₹ 30 Lakh 7.40% 20 years loan ₹ 23,985

What is the EMI for ₹ 50 Lakh home loan in Dhan Laxmi Bank?

You can use a 50 lakh home loan emi calculator Dhan Laxmi Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 7.40% 10 years loan ₹ 59,090
₹ 50 Lakh 7.40% 15 years loan ₹ 46,067
₹ 50 Lakh 7.40% 20 years loan ₹ 39,974

What is the EMI for a 25 lakhs home loan in Dhan Laxmi 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 Dhan Laxmi Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 7.40% 10 years loan ₹ 29,545
₹ 25 Lakh 7.40% 15 years loan ₹ 23,033
₹ 25 Lakh 7.40% 20 years loan ₹ 19,987

What is the EMI for 12 lakhs home loan in Dhan Laxmi Bank?

A borrower will pay ₹ 12,598 if he/she takes a loan for 12 years at an interest rate of 7.40%. The 12 lakh home loan emi Dhan Laxmi Bank may vary across Dhan Laxmi Bank home loan interest rate.

Compare Home Loan EMI of All Banks


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Dhan Laxmi Home Loan News - Jun 2021
  • 2021-06-01 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
    Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter.
  • 2020-08-03 : Dhanlaxmi Bank Ltd Q1FY21 net profit at Rs. 6.09 crore
    Dhan Laxmi posted a net profit of Rs.6.09 crores for the period ended June 30, 2020, as against a net profit of Rs.2.60 crores for the period ended March 31, 2020. In addition to this, The bank reported a total income bolstered by retail loans home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.278.62 crores during the period ended June 30, 2020. Bank provisioning for bad loans and contingencies spiked to Rs 37.02 crore during the reported quarter of FY21 as against Rs 9.27 crore a year ago.
  • 2020-01-08 : Dhanlaxmi Bank revised interest rates on retail loans
    Dhanlaxmi Bank revised its home loan interest rate by 25 bps, which begins from 9.55%. It also changed the interest rate on personal loans, which lies between 12.90% to 16.10%. The rates are revised to lure home loan and personal loan buyers.
  • 2019-06-04 : Dhanlaxmi Bank revises MCLR rates across loan tenure
    Dhanlaxmi Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.60%. For 3 months, the rate has been revised to 8.90%. While for 1 year the rate now stands at 9.90%. The revised rates are effective from June 1, 2019.
  • 2019-05-09 : Dhanlaxmi Bank reports a profit of Rs. 27.6 crores in Q4 of FY19
    Private sector lender, Dhanlaxmi Bank has reported strong growth of Rs. 27.6 crores in its net profit for the Q4 of FY19. The profit is boosted by strong growth across its retail loans segment including home loans and mortgage loans and SME loans.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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