# IDBI Housing Finance Calculator

IDBI Housing Finance CalculatorUse this simple tool to calculate ✓ Eligibility ✓ Monthly EMI ✓ Loan Amount ✓ ROI ✓ Principal Amount ✓ Total Interest at Loansninsurances.com.

A Government of India undertaking IDBI was established in 1964 by an act of Parliament. With extensive range of products, IDBI offers home loan with competitive rate of interest.

In order to remain financially comfortable, one is expected to calculate the amount of his would be EMI. To simplify this cumbersome process of EMI calculation, www.loansninsurances.com offers an EMI calculator at its portal.

Eligibility for Home Loan from IDBI

✓ Application form with latest photograph

✓ Proof for identity and residence

✓ Salary slip for last 3 months for salaried people, educational qualification certificate and proof of business existence for self-employed professionals while proof of business establishment is required in case the borrower is self-employed non-professional.

✓ For self-employed non-professionals it is mandatory to present last 3 years ITR along with loss/profit balance sheet of last 3 years.

Steps: EMI Calculation

In order to derive an indicative EMI, one needs to adopt few simple procedures in EMI calculator available at www.loansninsurances.com. He needs to feed certain values in EMI calculator to get information related with EMI. These inputs are:

1. Amount of intended personal loan
2. Tenure/number of months for repayment
3. Interest rate on personal loan

The formula for EMI (in arrears) is:

Where E is EMI, P is Principal Loan Amount, r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.25% per annum, then r = 10.25/12/100=0.00854)

By feeding these values, you can derive an indicative amount of your EMI. For an example, a loan amount of Rs. 25,00,000@interest rate of 10.25% per annum for the period of 300 (25 years) months would indicate an EMI of Rs. 23159.58 per month.

### IDBI Housing Finance EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)

 Monthly EMI Total Amount with Interest Flat Interest Rate PA Flat Interest Rate PM Total Interest Amount Yearly Interest Amount

YEARLY CALCULATED VALUES FOR HOME LOAN AMOUNT OF RS. 25,00,000 @ INTEREST RATE OF 10.25% FOR 25 YEARS

 YEAR PRINCIPAL INTEREST BALANCE AMOUNT 1 RS. 22,717 RS. 255,203 RS. 2,477,283 2 RS. 25,160 RS. 252,760 RS. 2,452,123 3 RS. 27,863 RS. 250,057 RS. 2,424,260 4 RS. 30,856 RS. 247,064 RS. 2,393,404 5 RS. 34,172 RS. 243,748 RS. 2,359,232 6 RS. 37,844 RS. 240,076 RS. 2,321,388 7 RS. 41,911 RS. 236,009 RS. 2,279,477 8 RS. 46,414 RS. 231,506 RS. 2,233,063 9 RS. 51,403 RS. 226,517 RS. 2,181,660 10 RS. 56,928 RS. 220,992 RS. 2,124,732 11 RS. 63,043 RS. 214,877 RS. 2,061,689 12 RS. 69,816 RS. 208,104 RS. 1,991,873 13 RS. 77,320 RS. 200,600 RS. 1,914,553 14 RS. 85,627 RS. 192,293 RS. 1,828,926 15 RS. 94,828 RS. 183,092 RS. 1,734,098 16 RS. 105,019 RS. 172,901 RS. 1,629,079 17 RS. 116,304 RS. 161,616 RS. 1,512,775 18 RS. 128,799 RS. 149,121 RS. 1,383,976 19 RS. 142,641 RS. 135,279 RS. 1,241,335 20 RS. 157,965 RS. 119,955 RS. 1,083,370 21 RS. 174,941 RS. 102,979 RS. 908,429 22 RS. 193,742 RS. 84,178 RS. 714,687 23 RS. 214,557 RS. 63,363 RS. 500,130 24 RS. 237,615 RS. 40,305 RS. 262,515 25 RS. 262,706 RS. 14,772 RS. 0

Key features of IDBI Home Loan

✓ Higher amount of loan. (5 lakhs to 10 crore).

✓ IDBI home loan is available for maximum period of 25 years.

✓ Assistance in property search

✓ Wide range of home loan products: such as Home loan interest saver, home loan-top up, home improvement loan, home extension loan etc.

✓ Option in flexibility to pay home loan

✓ Loan from anywhere to purchase home anywhere in India.

✓ Doorstep services

✓ Experience executives to help in every aspect

✓ Minimum formalities and speedy approval.

✓ Transparent policy

How to get a branch?

IDBI has 1200 branches and 66 dedicated Loan Processing Retail Asset Centers for disbursement of home loan in speedy way. One can easily spot a nearest branch in his city.