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Indiabulls Home Loan EMI Calculator

Indiabulls Home Loan Calculator

Last Updated 19th May 2021

  • Indiabulls home loan EMI per ₹ 1 Lakh is ₹ 815, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Indiabulls is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Indiabulls home loan before applying. Use an online Indiabulls loan EMI calculator to estimate your EMI.
  • Check Indiabulls home loan EMI for different tenures at the current Indiabulls home loan interest rate of 8.65%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 12,479₹ 9,936₹ 8,154
    ₹ 20 Lakh₹ 24,958₹ 19,871₹ 16,307
    ₹ 30 Lakh₹ 37,437₹ 29,807₹ 24,461
    ₹ 50 Lakh₹ 62,395₹ 49,678₹ 40,768

    Jump to EMI Calculator

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Indiabulls Home Loan EMI Calculator Online

Indiabulls 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 Indiabulls housing loan EMI in advance to plan your loan payments and expenses using a Indiabulls home loan calculator. Indiabulls home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use Indiabulls Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Indiabulls offers the lowest EMI per lakh at ₹ 815. 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 Indiabulls home loan.
  • Compare Indiabulls Home Loan EMI: With Indiabulls home loan EMI Calculator, you can also estimate EMI on your home loan from Indiabulls 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.

Indiabulls 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 Indiabulls Home Loan EMI calculator. The below-mentioned table shows the calculation of Indiabulls Home Loan at the various combinations of loan amount and years at the lowest rate of 8.65%. 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 Indiabulls Home loan plan for you.

Indiabulls home loan EMI is calculated for different loan amounts and tenures at 8.65% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 24,839 ₹ 21,934 ₹ 19,489
₹ 50 Lakh ₹ 49,678 ₹ 43,867 ₹ 38,978
₹ 75 Lakh ₹ 74,516 ₹ 65,801 ₹ 58,468
₹ 1 Cr ₹ 99,355 ₹ 87,734 ₹ 77,957

Benefits of using Indiabulls Home Loan EMI Calculator

Indiabulls 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 Indiabulls 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 Indiabulls 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 Indiabulls 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 Indiabulls gives a minimum home loan of ₹ 2,00,000 upto a maximum amount of ₹ 3,00,00,000.

Interest Rate

Higher interest rate increases your Indiabulls housing loan EMI which will increase the total cost of the loan. Indiabulls current home loan interest rate starts at 8.65%. Do a complete market research and compare rates and calculate EMI online using Indiabulls 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 Indiabulls. Your EMI will be lower if you take a 25 years loan from Indiabulls as compared to a loan taken for 1 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Indiabulls Home Loan EMI Calculator Formula

Indiabulls 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 Indiabulls Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Indiabulls home loan amount can range from ₹ 2,00,000 to ₹ 3,00,00,000
  • r = Rate of interest per month. Current Indiabulls housing loan rate 8.65%.PLR
  • n = tenure in month. For Indiabulls, maximum home loan tenure is 360 months

Comparison of Indiabulls 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
Indiabulls 8.65% ₹ 7,796 ₹ 23,387 ₹ 38,978
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 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131

Indiabulls Home Loan Amortization Calculator

Indiabulls Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Indiabulls 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 30 years from Indiabulls at an interest rate of 8.65%. EMI calculated for this loan amount is ₹ 19,489 and the total annual EMIs to be paid annually is ₹ 2,33,871. The EMI schedule of loan for 30 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 30 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 1,07,965 ₹ 8,971 ₹ 1,16,935 ₹ 24,91,029
2022 ₹ 2,14,727 ₹ 19,144 ₹ 2,33,871 ₹ 24,71,885
2023 ₹ 2,13,004 ₹ 20,867 ₹ 2,33,871 ₹ 24,51,018
2024 ₹ 2,11,125 ₹ 22,745 ₹ 2,33,871 ₹ 24,28,273
2025 ₹ 2,09,078 ₹ 24,793 ₹ 2,33,871 ₹ 24,03,480
2026 ₹ 2,06,846 ₹ 27,024 ₹ 2,33,871 ₹ 23,76,456
2027 ₹ 2,04,414 ₹ 29,457 ₹ 2,33,871 ₹ 23,46,999
2028 ₹ 2,01,762 ₹ 32,109 ₹ 2,33,871 ₹ 23,14,890
2029 ₹ 1,98,872 ₹ 34,999 ₹ 2,33,871 ₹ 22,79,892
2030 ₹ 1,95,722 ₹ 38,149 ₹ 2,33,871 ₹ 22,41,743
2031 ₹ 1,92,288 ₹ 41,583 ₹ 2,33,871 ₹ 22,00,160
2032 ₹ 1,88,545 ₹ 45,326 ₹ 2,33,871 ₹ 21,54,834
2033 ₹ 1,84,465 ₹ 49,406 ₹ 2,33,871 ₹ 21,05,428
2034 ₹ 1,80,018 ₹ 53,853 ₹ 2,33,871 ₹ 20,51,575
2035 ₹ 1,75,170 ₹ 58,701 ₹ 2,33,871 ₹ 19,92,874
2036 ₹ 1,69,886 ₹ 63,984 ₹ 2,33,871 ₹ 19,28,890
2037 ₹ 1,64,127 ₹ 69,744 ₹ 2,33,871 ₹ 18,59,146
2038 ₹ 1,57,849 ₹ 76,022 ₹ 2,33,871 ₹ 17,83,124
2039 ₹ 1,51,006 ₹ 82,865 ₹ 2,33,871 ₹ 17,00,260
2040 ₹ 1,43,547 ₹ 90,323 ₹ 2,33,871 ₹ 16,09,936
2041 ₹ 1,35,417 ₹ 98,454 ₹ 2,33,871 ₹ 15,11,482
2042 ₹ 1,26,555 ₹ 1,07,316 ₹ 2,33,871 ₹ 14,04,167
2043 ₹ 1,16,895 ₹ 1,16,976 ₹ 2,33,871 ₹ 12,87,191
2044 ₹ 1,06,366 ₹ 1,27,505 ₹ 2,33,871 ₹ 11,59,686
2045 ₹ 94,888 ₹ 1,38,982 ₹ 2,33,871 ₹ 10,20,703
2046 ₹ 82,378 ₹ 1,51,492 ₹ 2,33,871 ₹ 8,69,211
2047 ₹ 68,742 ₹ 1,65,129 ₹ 2,33,871 ₹ 7,04,082
2048 ₹ 53,878 ₹ 1,79,993 ₹ 2,33,871 ₹ 5,24,090
2049 ₹ 37,676 ₹ 1,96,194 ₹ 2,33,871 ₹ 3,27,895
2050 ₹ 20,016 ₹ 2,13,854 ₹ 2,33,871 ₹ 1,14,041
2051 ₹ 2,894 ₹ 1,14,041 ₹ 1,16,935 -₹ 0

In the above illustration, on a Indiabulls Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 8.65, EMI paid is ₹ 19,489 and an annual total of EMIs is ₹ 2,33,871, the interest component is ₹ 2,15,534 while the principal component is ₹ 18,336 in year 1 of loan disbursement. You repay only 0.73% of the total principal after paying 12 EMIs during the first year.

Indiabulls Home Loan EMI for ₹ 10 Lakh

The following table shows Indiabulls Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 8.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.65% 5 Years ₹ 20,589
₹ 10,00,000 8.65% 10 Years ₹ 12,479
₹ 10,00,000 8.65% 15 Years ₹ 9,936
₹ 10,00,000 8.65% 20 Years ₹ 8,773
₹ 10,00,000 8.65% 25 Years ₹ 8,154

Indiabulls Home Loan EMI for ₹ 20 Lakh

The following table shows Indiabulls Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 8.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 8.65% 5 Years ₹ 41,178
₹ 20,00,000 8.65% 10 Years ₹ 24,958
₹ 20,00,000 8.65% 15 Years ₹ 19,871
₹ 20,00,000 8.65% 20 Years ₹ 17,547
₹ 20,00,000 8.65% 25 Years ₹ 16,307

Indiabulls Home Loan EMI for ₹ 30 Lakh

The following table shows Indiabulls Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 8.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.65% 5 Years ₹ 61,767
₹ 30,00,000 8.65% 10 Years ₹ 37,437
₹ 30,00,000 8.65% 15 Years ₹ 29,807
₹ 30,00,000 8.65% 20 Years ₹ 26,320
₹ 30,00,000 8.65% 25 Years ₹ 24,461

Indiabulls Home Loan EMI for ₹ 50 Lakh

The following table shows Indiabulls Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 8.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 8.65% 5 Years ₹ 1,02,945
₹ 50,00,000 8.65% 10 Years ₹ 62,395
₹ 50,00,000 8.65% 15 Years ₹ 49,678
₹ 50,00,000 8.65% 20 Years ₹ 43,867
₹ 50,00,000 8.65% 25 Years ₹ 40,768

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FAQs

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

No, your Indiabulls 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 Indiabulls 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 Indiabulls interest rate?

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

Will Indiabulls home loan EMI change in case of prepayment?

Indiabulls 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 Indiabulls 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 Indiabulls 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 Indiabulls home loan calculator.

Why should I calculate Indiabulls loan EMI before taking a loan?

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

What is the EMI for home loan in Indiabulls?

The Indiabulls EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Indiabulls home loan calculator. Based on the lowest rate of 8.65% and maximum tenure of 25 years, the Indiabulls home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 8,154
₹ 12 Lakh ₹ 9,784
₹ 15 Lakh ₹ 12,230
₹ 30 Lakh ₹ 24,461
₹ 50 Lakh ₹ 40,768

You can compare Indiabulls home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Indiabulls Housing Loan EMI calculator?

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

How to pay your Indiabulls Home loan EMI Online?

To pay the EMI of Indiabulls 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 Indiabulls home loan EMI calculated?

The Indiabulls 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 Indiabulls?

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

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 8.65% 10 years loan ₹ 12,479
₹ 10 Lakh 8.65% 15 years loan ₹ 9,936
₹ 10 Lakh 8.65% 20 years loan ₹ 8,773

What is the EMI for ₹ 20 Lakh home loan in Indiabulls?

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

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 8.65% 10 years loan ₹ 24,958
₹ 20 Lakh 8.65% 15 years loan ₹ 19,871
₹ 20 Lakh 8.65% 20 years loan ₹ 17,547

What is the EMI for ₹ 30 Lakh home loan in Indiabulls?

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

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 8.65% 10 years loan ₹ 37,437
₹ 30 Lakh 8.65% 15 years loan ₹ 29,807
₹ 30 Lakh 8.65% 20 years loan ₹ 26,320

What is the EMI for ₹ 50 Lakh home loan in Indiabulls?

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

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 8.65% 10 years loan ₹ 62,395
₹ 50 Lakh 8.65% 15 years loan ₹ 49,678
₹ 50 Lakh 8.65% 20 years loan ₹ 43,867

What is the EMI for a 25 lakhs home loan in Indiabulls 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 Indiabulls:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 8.65% 10 years loan ₹ 31,197
₹ 25 Lakh 8.65% 15 years loan ₹ 24,839
₹ 25 Lakh 8.65% 20 years loan ₹ 21,934

What is the EMI for 12 lakhs home loan in Indiabulls?

A borrower will pay ₹ 13,421 if he/she takes a loan for 12 years at an interest rate of 8.65%. The 12 lakh home loan emi Indiabulls may vary across Indiabulls home loan interest rate.

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Indiabulls Home Loan News - Jul 2021
  • 2021-05-19 : Indiabulls Housing Finance Q4 net profit up 102%
    Indiabulls Housing Finance Ltd has posted a 102% rise in net profit at Rs276cr for the fourth quarter ended March 2021 as against Rs137cr in same quarter of FY20. Its loan book which includes home, personal, two-wheeler, car , gold, education and doctor loans shrunk to Rs66,047cr in March 2021 from Rs73,065cr in March 2020. Further, Its net profit for FY21 was down at Rs1,201cr from Rs2,199cr.
  • 2021-04-23 : Indiabulls Housing Finance planning to become a loan originator
    Indiabulls joined hands with HDFC. Under the partnership, Indiabulls will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria. Of these loans, 80% will be on HDFC’s books, while Indiabulls will retain 20%. The loans will be serviced by Indiabulls throughout their lifecycle. HDFC with its access to deposits, cheap cost of funds, simple process and integration is expected to offer Indiabulls the benefit of a large franchise, scale and a robust credit appraisal process.
  • 2021-02-24 : Indiabulls Housing Finance issues foreign currency convertible bonds (FCCBs)
    Indiabulls Housing Finance Limited has issued Foreign Currency Convertible Bonds (FCCBs) to raise US$200 million. The securities issuance committee has fixed the floor price at Rs227.09 per FCCB.
  • 2019-07-15 : Borrowers to get loans easily as Indiabulls enables online loan application processing across various platforms
    One of the leading home loan providers, Indiabulls has enabled online loan application processing over various platforms, allowing customers to apply for loans anytime, anywhere. The loan seekers can apply for personal loans through its app, Dhani after online verification through e-KYC and e-sign using the Aadhaar facility.
  • 2019-06-21 : CCI approves the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank
    The Competition Commission of India (CCI) has approved the proposed merger of Indiabulls Housing Finance with Lakshmi Vilas Bank. After the merger, both the companies are aiming for a more extensive capital base, wider geographical reach, and steady growth across their retail loan book, which currently stands at Rs. 1.23 lakh crore.
*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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