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IDBI Loan Against Property EMI Calculator

IDBI Bank Mortgage Loan EMI 2021

Last Updated 22nd Oct 2021

Get monthly EMI as low as ₹ 961 per lakh on IDBI Bank loan against property. Mortgage loan EMI in IDBI Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use IDBI Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check IDBI Bank property loan EMI for different tenures at the current rate of 8.10%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 20 Lakh₹ 40,649₹ 31,272₹ 19,229
₹ 30 Lakh₹ 60,973₹ 46,908₹ 28,843
₹ 50 Lakh₹ 1,01,621₹ 78,180₹ 48,072
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
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Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator IDBI Bank

You can calculate your IDBI Bank loan against property EMI in advance to plan your expenses using a IDBI Bank mortgage loan calculator. IDBI Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use IDBI Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With IDBI Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on IDBI Bank loan against property to calculate the EMI. As per the current rates, IDBI Bank offers the lowest EMI per lakh of ₹ 961 at 8.10 %
  • Compare IDBI Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using IDBI Bank loan EMI Calculator. On the basis of IDBI Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : IDBI Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use IDBI Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

IDBI Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against IDBI Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the IDBI Bank Loan against property EMI calculator. The table below shows the IDBI Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 8.10%.

IDBI Bank Loan against property EMI is calculated for different loan amounts and tenures at 8.10% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 18,278 ₹ 14,422 ₹ 12,640
EMI on ₹ 25,00,000 ₹ 30,464 ₹ 24,036 ₹ 21,067
EMI on ₹ 40,00,000 ₹ 48,743 ₹ 38,457 ₹ 33,707
EMI on ₹ 60,00,000 ₹ 73,114 ₹ 57,686 ₹ 50,560

Factors Affecting IDBI Bank Property Loan EMI

You can calculate IDBI Bank EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of IDBI Bank loan against property for an amount ranging between ₹ 40,00,000 to ₹ 10,00,00,000.

Interest Rate

A higher interest rate increases your IDBI Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, IDBI Bank provides loan against property at rates starting at 8.10%. Before applying for a loan, you must compare LAP rates and calculate EMI online using IDBI Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 15 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of IDBI Bank Loan Against Property EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
IDBI Bank 8.10% ₹ 9,614 ₹ 28,843 ₹ 48,072
IDBI Bank 8.10% ₹ 9,614 ₹ 28,843 ₹ 48,072
DBS Bank 8.15% ₹ 12,212 ₹ 36,636 ₹ 61,061
DCB Bank 8.25% ₹ 9,701 ₹ 29,104 ₹ 48,507
ICICI Bank 8.35% ₹ 9,760 ₹ 29,279 ₹ 48,798
Axis Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
HDFC Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
LIC Housing Finance 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
HDFC 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972
Bank of India 8.85% ₹ 11,296 ₹ 33,888 ₹ 56,480
PNB Housing Finance 8.90% ₹ 8,933 ₹ 26,799 ₹ 44,665

IDBI Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 20 Lakh from IDBI for 20 years at an interest rate of 8.10%, the EMI calculated for this loan amount would be ₹ 16,853 and the total annual EMIs to be paid annually is ₹ 2,02,242. The IDBI Loan Against Property EMI schedule for 20 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 20 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 40,432 ₹ 10,129 ₹ 50,560 ₹ 19,89,871
2022 ₹ 1,59,620 ₹ 42,622 ₹ 2,02,242 ₹ 19,47,250
2023 ₹ 1,56,037 ₹ 46,205 ₹ 2,02,242 ₹ 19,01,045
2024 ₹ 1,52,152 ₹ 50,090 ₹ 2,02,242 ₹ 18,50,955
2025 ₹ 1,47,941 ₹ 54,301 ₹ 2,02,242 ₹ 17,96,654
2026 ₹ 1,43,375 ₹ 58,866 ₹ 2,02,242 ₹ 17,37,788
2027 ₹ 1,38,426 ₹ 63,816 ₹ 2,02,242 ₹ 16,73,972
2028 ₹ 1,33,061 ₹ 69,181 ₹ 2,02,242 ₹ 16,04,791
2029 ₹ 1,27,244 ₹ 74,997 ₹ 2,02,242 ₹ 15,29,794
2030 ₹ 1,20,939 ₹ 81,303 ₹ 2,02,242 ₹ 14,48,491
2031 ₹ 1,14,103 ₹ 88,139 ₹ 2,02,242 ₹ 13,60,352
2032 ₹ 1,06,693 ₹ 95,549 ₹ 2,02,242 ₹ 12,64,804
2033 ₹ 98,660 ₹ 1,03,582 ₹ 2,02,242 ₹ 11,61,221
2034 ₹ 89,951 ₹ 1,12,291 ₹ 2,02,242 ₹ 10,48,930
2035 ₹ 80,510 ₹ 1,21,732 ₹ 2,02,242 ₹ 9,27,199
2036 ₹ 70,275 ₹ 1,31,967 ₹ 2,02,242 ₹ 7,95,232
2037 ₹ 59,180 ₹ 1,43,062 ₹ 2,02,242 ₹ 6,52,170
2038 ₹ 47,152 ₹ 1,55,090 ₹ 2,02,242 ₹ 4,97,080
2039 ₹ 34,113 ₹ 1,68,129 ₹ 2,02,242 ₹ 3,28,951
2040 ₹ 19,977 ₹ 1,82,265 ₹ 2,02,242 ₹ 1,46,686
2041 ₹ 4,995 ₹ 1,46,686 ₹ 1,51,681 ₹ 0

Each IDBI Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 20.65% of your EMI has been used to repay the principal amount. This means that the remaining 79.35% of the EMI went into interest payment. Thus, you end up paying only 2.09% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to IDBI.

In year 20, the interest component of IDBI EMI is around 4.25%, while the principal component is around 95.75%. Upto 20 years, you have cumulatively repaid 100% of your total IDBI Loan Against Property.

IDBI Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on IDBI Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 8.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.10% 5 Years ₹ 20,324
₹ 10,00,000 8.10% 10 Years ₹ 12,186
₹ 10,00,000 8.10% 12 Years ₹ 10,879
₹ 10,00,000 8.10% 15 Years ₹ 9,614

IDBI Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows IDBI Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 8.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 8.10% 5 Years ₹ 50,811
₹ 25,00,000 8.10% 10 Years ₹ 30,464
₹ 25,00,000 8.10% 12 Years ₹ 27,199
₹ 25,00,000 8.10% 15 Years ₹ 24,036

IDBI Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows IDBI Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 8.10%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.10% 5 Years ₹ 60,973
₹ 30,00,000 8.10% 10 Years ₹ 36,557
₹ 30,00,000 8.10% 12 Years ₹ 32,638
₹ 30,00,000 8.10% 15 Years ₹ 28,843

FAQs

Will the IDBI Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

IDBI Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in IDBI Bank LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by IDBI Bank 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 loan increases, IDBI Bank 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 the extent that the revised loan tenure is more than the maximum permissible by IDBI Bank, the bank may increase your EMI amount.

Will IDBI Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, IDBI Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a 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.
  • Note that IDBI Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate IDBI Bank Loan Against Property EMI?

IDBI Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • IDBI Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from IDBI Bank?

You can avail of a maximum loan of ₹ 10,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 65% of the property value. IDBI Bank assesses the property before approving your mortgage loan application.

How to pay your IDBI Bank Mortgage loan EMI Online?

You can pay the IDBI Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the IDBI Bank branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in IDBI Bank?

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 8.10% 5 years ₹ 20,324
₹ 10 Lakh 8.10% 10 years ₹ 12,186
₹ 10 Lakh 8.10% 12 years ₹ 10,879
₹ 10 Lakh 8.10% 15 years ₹ 9,614

How is IDBI Bank loan against property EMI calculated?

You can calculate IDBI Bank LAP EMI using the mathematical formula mentioned below or using an online IDBI Bank LAP EMI Calculator.

  • 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 ₹ 20 Lakh Loan against property in IDBI Bank?

To determine different Loan against property EMI IDBI Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 8.10% 5 years ₹ 40,649
₹ 20 Lakh 8.10% 10 years ₹ 24,371
₹ 20 Lakh 8.10% 12 years ₹ 21,759
₹ 20 Lakh 8.10% 15 years ₹ 19,229

What is the EMI for ₹ 30 Lakh mortgage loan in IDBI Bank?

To determine different IDBI Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 8.10% 5 years ₹ 60,973
₹ 30 Lakh 8.10% 10 years ₹ 36,557
₹ 30 Lakh 8.10% 12 years ₹ 32,638
₹ 30 Lakh 8.10% 15 years ₹ 28,843

What is the EMI for ₹ 50 Lakh mortgage loan in IDBI Bank?

To estimate IDBI Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 8.10% 5 years ₹ 1,01,621
₹ 50 Lakh 8.10% 10 years ₹ 60,928
₹ 50 Lakh 8.10% 12 years ₹ 54,397
₹ 50 Lakh 8.10% 15 years ₹ 48,072


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IDBI Loan Against Property News - Oct 2021
  • 2021-10-22 : IDBI Bank Net Profit Jumps To 75 percent
    IDBI Bank reported a 75 percent year-on-year (y-o-y) jump in net profit to Rs 567 crore for the quarter ended September. This is a result driven by a reduction in employee costs and an improvement in net interest income (NII). The bank’s NII, or the difference between interest earned and interest expended, rose 9.45 percent y-o-y to Rs 1,854 crore.
  • 2021-09-30 : IDBI Bank Revises Interest Rate for Loan Against Property
    IDBI Bank has revised the interest rate for loans against property. For residential property, the interest rate ranges between 8.10%-9.10%, whereas the lowest interest rate for commercial property is 8.60%.
  • 2021-06-10 : IDBI Bank revised its MCLR
    With effect from 08 June,2021, IDBI Bank revised its marginal cost of lending rates. The overnight, one-month and three months MCLR is 7.90%, 7.90% and 7.95%, respectively. The MCLR for six months and one year is 8.10% and 8.25%.
  • 2021-01-15 : IDBI Bank reported Rs 378-crore profit
    IDBI Bank posted a net profit of Rs 378 crore for the December quarter. The loans which includes home, LAP, personal, car, two-wheeler, gold, education and doctor loan along with business and mudra loans fell 7% to Rs 1.6 lakh crore (y-o-y) in December 2020. The bank’s total deposits which includes fixed and recurring deposits rose 2.85% y-o-y to Rs 2.24 lakh crore at the end of December 2020. In addition to this, CASA improved to 48.97% as on December 31, 2020.
  • 2019-06-20 : IDBI Bank ties up with Tata AIG for bancassurance
    Private sector lender, IDBI Bank has entered into an bancassurance agreement with Tata AIG. The partnership between them aims at offering insurance products to the bank customers which will further strenghten its presence across the masses. In addition, the bank is also aiming to significantly achieve growth across its retail loans segment including mortgage loans and home 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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