RBL Bank Home Loan EMI Calculator

RBL Bank Home Loan EMI Calculator

The RBL Bank Home Loan EMI Calculator is a simple and accurate online tool that helps borrowers estimate their monthly loan repayment amount. Whether you’re planning to buy a new home or transfer your existing home loan to RBL Bank, this calculator provides instant insights into your EMI (Equated Monthly Instalment) based on the loan amount, interest rate, and tenure.

How the RBL Bank Home Loan EMI Calculator Works

The calculator uses the standard EMI formula:

EMI Formula

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

• P: Loan Amount
• R: Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
• N: Loan Tenure in Months

The tool processes your inputs to generate the EMI value instantly. It also provides a detailed amortization breakdown of principal and interest across the loan tenure.

Key Inputs Required

• Loan Amount: Total home loan amount you plan to borrow (e.g., ₹30 lakh)
• Interest Rate: Applicable RBL Bank home loan interest rate (starting from 9.15% p.a. as of Q1 FY 2024–25)
• Tenure: Duration of the loan, selectable in months or years (up to 30 years)

Benefits of Using the EMI Calculator

• Instant Results: Get your EMI calculated in seconds
• Financial Planning: Helps assess affordability and plan monthly budgets
• Customizable: Adjust inputs to compare different loan scenarios
• No Login Needed: Free to use with no registration

Example Calculation

Suppose:

• Loan Amount: ₹50,00,000
• Interest Rate: 9.15% p.a.
• Tenure: 20 years (240 months)
• Monthly EMI: ₹45,502
• Total Interest Payable: ₹59,20,465
• Total Amount Payable: ₹1,09,20,465

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.