IDBI Home Loan EMI Calculator

IDBI Home Loan EMI Calculator

The IDBI Home Loan EMI Calculator helps you estimate your monthly loan repayments based on the principal amount, loan tenure, and applicable interest rate. This tool allows you to plan your finances better by giving a clear picture of your future EMIs.

How the IDBI Home Loan EMI Calculator Works

The calculator uses three primary inputs:

• Loan Amount (Principal): The total amount you wish to borrow
• Loan Tenure: The duration of the loan is up to 30 years
• Interest Rate: Current IDBI Bank home loan interest rate

Once you enter these values, the calculator instantly displays:

• Monthly EMI (Equated Monthly Installment)
• Total Interest Payable
• Total Amount Payable (Principal + Interest)

This helps borrowers make informed decisions and adjust loan parameters to fit their budget.

Formula Used for EMI Calculation

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

• P: Principal loan amount
• R: Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
• N: Loan tenure in months

Example Calculation

If you borrow ₹30 lakh for 20 years at an interest rate of 8.50% p.a.:

• EMI: ₹26,035
• Total Interest: ₹32.48 lakh
• Total Payable: ₹62.48 lakh

IDBI Home Loan Interest Rate – Q1 FY 2024–25

As of the first quarter of FY 2024–25, IDBI Bank offers home loan interest rates starting from 8.50% p.a., depending on the loan amount, credit score, and borrower profile.

Key Benefits of Using This Calculator

• Quick and accurate EMI estimates
• Real-time adjustment as you modify input values
• Helps in loan comparison
• No personal details are required
• Useful for prepayment or part-payment planning

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.