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RBL Bank Home Loan Calculator

RBL Bank Housing Loan EMI Calculator

Last Updated 22nd Nov 2021

  • RBL Bank home loan EMI per ₹ 1 Lakh is ₹ 874, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in RBL Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for RBL Bank home loan before applying. Use an online RBL Bank loan EMI calculator to estimate your EMI.
  • Check RBL Bank home loan EMI for different tenures at the current RBL Bank home loan interest rate of 9.50%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 12,940₹ 10,442₹ 8,737
    ₹ 20 Lakh₹ 25,880₹ 20,884₹ 17,474
    ₹ 30 Lakh₹ 38,819₹ 31,327₹ 26,211
    ₹ 50 Lakh₹ 64,699₹ 52,211₹ 43,685

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RBL Bank Home Loan EMI Calculator Online

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

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

RBL 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 RBL Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of RBL Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 9.50%. 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 RBL Bank Home loan plan for you.

RBL Bank home loan EMI is calculated for different loan amounts and tenures at 9.50% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 26,106 ₹ 23,303 ₹ 21,021
₹ 50 Lakh ₹ 52,211 ₹ 46,607 ₹ 42,043
₹ 75 Lakh ₹ 78,317 ₹ 69,910 ₹ 63,064
₹ 1 Cr ₹ 1.04 Lakh₹ 93,213 ₹ 84,085

Benefits of using RBL Bank Home Loan EMI Calculator

RBL 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 RBL 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 RBL 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 RBL 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 RBL Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 10,00,00,000.

Interest Rate

Higher interest rate increases your RBL Bank housing loan EMI which will increase the total cost of the loan. RBL Bank current home loan interest rate starts at 9.50%. Do a complete market research and compare rates and calculate EMI online using RBL 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 RBL Bank. Your EMI will be lower if you take a 0 years loan from RBL Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

RBL Bank Home Loan EMI Calculator Formula

RBL Bank 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 RBL Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. RBL Bank home loan amount can range from ₹ 15,00,000 to ₹ 10,00,00,000
  • r = Rate of interest per month. Current RBL Bank housing loan rate 9.50%.1 Year MCLR, which is currently 8.15%. Last revised on 22nd Nov 21
  • n = tenure in month. For RBL Bank, maximum home loan tenure is 360 months

Comparison of RBL 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
RBL Bank 9.50% ₹ 8,409 ₹ 25,226 ₹ 42,043
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098

RBL Bank Home Loan Amortization Calculator

RBL Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. RBL 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 ₹ 30 Lakh for 15 years from RBL Bank at an interest rate of 9.50%. EMI calculated for this loan amount is ₹ 31,327 and the total annual EMIs to be paid annually is ₹ 3,75,921. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 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
2021 ₹ 47,440 ₹ 15,213 ₹ 62,653 ₹ 29,84,787
2022 ₹ 2,79,425 ₹ 96,496 ₹ 3,75,921 ₹ 28,88,291
2023 ₹ 2,69,848 ₹ 1,06,073 ₹ 3,75,921 ₹ 27,82,218
2024 ₹ 2,59,320 ₹ 1,16,600 ₹ 3,75,921 ₹ 26,65,617
2025 ₹ 2,47,748 ₹ 1,28,173 ₹ 3,75,921 ₹ 25,37,444
2026 ₹ 2,35,027 ₹ 1,40,894 ₹ 3,75,921 ₹ 23,96,551
2027 ₹ 2,21,044 ₹ 1,54,877 ₹ 3,75,921 ₹ 22,41,674
2028 ₹ 2,05,673 ₹ 1,70,248 ₹ 3,75,921 ₹ 20,71,426
2029 ₹ 1,88,776 ₹ 1,87,145 ₹ 3,75,921 ₹ 18,84,281
2030 ₹ 1,70,202 ₹ 2,05,719 ₹ 3,75,921 ₹ 16,78,562
2031 ₹ 1,49,785 ₹ 2,26,136 ₹ 3,75,921 ₹ 14,52,427
2032 ₹ 1,27,342 ₹ 2,48,579 ₹ 3,75,921 ₹ 12,03,848
2033 ₹ 1,02,671 ₹ 2,73,250 ₹ 3,75,921 ₹ 9,30,598
2034 ₹ 75,552 ₹ 3,00,369 ₹ 3,75,921 ₹ 6,30,228
2035 ₹ 45,741 ₹ 3,30,180 ₹ 3,75,921 ₹ 3,00,048
2036 ₹ 13,219 ₹ 3,00,048 ₹ 3,13,267 -₹ 0

In the above illustration, on a RBL Bank Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 9.50, EMI paid is ₹ 31,327 and an annual total of EMIs is ₹ 3,75,921, the interest component is ₹ 2,80,935 while the principal component is ₹ 94,986 in year 1 of loan disbursement. You repay only 3.17% of the total principal after paying 12 EMIs during the first year.

RBL Bank Home Loan EMI for ₹ 10 Lakh

The following table shows RBL Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.50% 5 Years ₹ 21,002
₹ 10,00,000 9.50% 10 Years ₹ 12,940
₹ 10,00,000 9.50% 15 Years ₹ 10,442
₹ 10,00,000 9.50% 20 Years ₹ 9,321
₹ 10,00,000 9.50% 0 Years

RBL Bank Home Loan EMI for ₹ 20 Lakh

The following table shows RBL Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 9.50% 5 Years ₹ 42,004
₹ 20,00,000 9.50% 10 Years ₹ 25,880
₹ 20,00,000 9.50% 15 Years ₹ 20,884
₹ 20,00,000 9.50% 20 Years ₹ 18,643
₹ 20,00,000 9.50% 0 Years

RBL Bank Home Loan EMI for ₹ 30 Lakh

The following table shows RBL Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.50% 5 Years ₹ 63,006
₹ 30,00,000 9.50% 10 Years ₹ 38,819
₹ 30,00,000 9.50% 15 Years ₹ 31,327
₹ 30,00,000 9.50% 20 Years ₹ 27,964
₹ 30,00,000 9.50% 0 Years

RBL Bank Home Loan EMI for ₹ 50 Lakh

The following table shows RBL Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 9.50% 5 Years ₹ 1,05,009
₹ 50,00,000 9.50% 10 Years ₹ 64,699
₹ 50,00,000 9.50% 15 Years ₹ 52,211
₹ 50,00,000 9.50% 20 Years ₹ 46,607
₹ 50,00,000 9.50% 0 Years

Other Loan Calculators Offered by MyLoanCare

FAQs

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

No, your RBL 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 RBL 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 RBL Bank interest rate?

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

Will RBL Bank home loan EMI change in case of prepayment?

RBL 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 RBL 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 RBL 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 RBL Bank home loan calculator.

Why should I calculate RBL Bank loan EMI before taking a loan?

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

What is the EMI for home loan in RBL Bank?

The RBL Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using RBL Bank home loan calculator. Based on the lowest rate of 9.50% and maximum tenure of 25 years, the RBL Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 8,737
₹ 12 Lakh ₹ 10,484
₹ 15 Lakh ₹ 13,105
₹ 30 Lakh ₹ 26,211
₹ 50 Lakh ₹ 43,685

You can compare RBL 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 RBL Bank Housing Loan EMI calculator?

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

How to pay your RBL Bank Home loan EMI Online?

To pay the EMI of RBL 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 RBL Bank home loan EMI calculated?

The RBL 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 RBL Bank?

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

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 9.50% 10 years loan ₹ 12,940
₹ 10 Lakh 9.50% 15 years loan ₹ 10,442
₹ 10 Lakh 9.50% 20 years loan ₹ 9,321

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

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

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 9.50% 10 years loan ₹ 25,880
₹ 20 Lakh 9.50% 15 years loan ₹ 20,884
₹ 20 Lakh 9.50% 20 years loan ₹ 18,643

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

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

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 9.50% 10 years loan ₹ 38,819
₹ 30 Lakh 9.50% 15 years loan ₹ 31,327
₹ 30 Lakh 9.50% 20 years loan ₹ 27,964

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

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

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 9.50% 10 years loan ₹ 64,699
₹ 50 Lakh 9.50% 15 years loan ₹ 52,211
₹ 50 Lakh 9.50% 20 years loan ₹ 46,607

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

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 9.50% 10 years loan ₹ 32,349
₹ 25 Lakh 9.50% 15 years loan ₹ 26,106
₹ 25 Lakh 9.50% 20 years loan ₹ 23,303

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

A borrower will pay ₹ 13,996 if he/she takes a loan for 12 years at an interest rate of 9.50%. The 12 lakh home loan emi RBL Bank may vary across RBL Bank home loan interest rate.

Compare Home Loan EMI of All Banks


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RBL Bank Home Loan News - Nov 2021
  • 2021-06-24 : Revised MCLR for RBL Bank
    RBL Bank revised its MCLR. The overnight MCLR is 7.75%. The rate for one month and three months is 7.80% and 7.85% respectively. Further, the MCLR for six months and one year is 8% and 8.45%. The revised rates are effective from 22 June 2021.
  • 2021-03-09 : RBL Bank planning branch expansion
    RBL Bank plans aggressive branch expansion over the next few years and target to open at least 75 new branches annually. The expansion will help the bank to increase its loan and deposits portfolio.
  • 2021-01-28 : RBL Bank posted a Q3 net profit of ₹147 crore
    RBL Bank reported a 110% rise in its net profit year-on-year at ₹147 crore in the quarter ended December 31, 2020. In the corresponding quarter, the bank posted a net profit of ₹6,995 crore. The bank’s total revenue backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans grew by 6% year-on-year to ₹1,488 crore .
  • 2020-10-30 : RBL Bank Q2 net profit surges to ₹144 cr
    RBL Bank reported almost a three times increase in profit in the quarter ended September backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans. Further, Net profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail advances year on year even as wholesale advances continued to shrink.
  • 2020-07-29 : RBL Bank posted a net profit of Rs. 141. 22 crores for June quarter.
    RBL Bank reported a net profit of ₹ 144 crores for Q1 FY 2021 against loss of Rs. 3,801 crores for Q1-FY 2020. NII aided by home, personal, gold, car and two-wheeler loans along with business and mudra loans stood at Rs. 1,773 crores. Further, Cost of Deposit which includes FD and RD improved by 64 bps to 4.65% and CASA increased to ₹ 1,04,315 crore as on June 30, 2020
*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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