Indiabulls Home Loan EMI Calculator

Indiabulls Home Loan - Lowest EMI is Rs. 780 per lakh

Last Updated 25th Feb 2017
  • Get monthly EMI as low as Rs. 780 per lakh with Indiabulls now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by Indiabulls is 8.65%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 994 for a 15 year loan and Rs. 877 for a 20 year loan. Check the EMI for other tenures using the Indiabulls home loan EMI calculator on this page.

Home Loan EMI Calculator Indiabulls

Indiabulls Home Loan EMI Calculator
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Indiabulls Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Indiabulls 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 Indiabulls offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 780 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by Indiabulls on Home Loan is 8.65%.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 24,83921,93419,489
    5,000,000 49,67843,86738,978
    7,500,000 74,51665,80158,468
    10,000,000 99,35587,73477,957
  • 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.

Indiabulls Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Indiabulls Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 100,000,000
r = Rate of interest per month. Current rate is 8.65%, which is linked to Indiabulls PLR
n = tenure in month. For Indiabulls, this can be 360 months

Will the Indiabulls 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 Indiabulls 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, Indiabulls 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 Indiabulls, 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?

  • Indiabulls 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.
Indiabulls Home Loan EMI Calculator News - Feb 2017
23rd Jan 17 Indiabulls Housing Finance reduces home loan interest rate for existing borrowers
Indiabulls Housing Finance has reduced its home loan interest rate for existing home loan borrowers by 15 basis points. The revised floating rate of interest for home loan now ranges between 8.90 to 10.50 percent for different borrowers. The new rates will be effective from February, 2017.
04th Jan 17 Indiabulls Housing Finance cuts home loan rates to 8.65 percent
Indiabulls Housing Finance has reduced its home loan rates by 45 basis points. The revised home loan rates for female borrowers for loan amount up to Rs. 75 lakhs now stands at 8.65 percent. Similarly, home loan rate for other borrowers is reduced to 8.70 percent as compared to 9.10 percent earlier. The new rates are effective from 3rd January, 2017.
28th Dec 16 Home loan seekers to cheer in New Year as mortgage firms likely to cut lending rates
Mortgage firms are likely to cut home loan rates by 25 to 50 bps to revive growth in their home loan business. Demonetisation has helped the mortgage firms such as HDFC, Indiabulls Housing Finance in raising cheap funds from the market via bonds and commercial paper. Lower cost of funds is expected to allow HFCs to cut their lending rates and hence, bring cheer for new home loan borrowers.
05th Nov 16 Indiabulls home loan at 9.15 percent
Indiabulls Housing Finance has reduced its home loan rates to 9.15 percent for loan amount upto Rs. 75 lakhs. The new rates will be effective from 4th November, 2016. With this, Indiabulls Housing Finance home loan are now available at same rate as SBI home loan and ICICI Bank home loan.
25th Jul 16 Indiabulls Housing Finance Q1 net profit at Rs.630 crore
The company has posted a PAT of Rs.630 crore for the quarter ended June 30, 2016 , which is 23.21 % higher compared to first quarter previous year .Whereas the total income has increased to Rs.2597.4 Crore i.e. 28.3 % compared to first quarter previous year . The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.
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