IDBI Housing Finance Calculator: Use 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 home loan 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:
- Amount of intended personal loan
- Tenure/number of months for repayment
- 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.
YEARLY CALCULATED VALUES FOR HOME LOAN AMOUNT OF RS. 25,00,000 @ INTEREST RATE OF 10.25% FOR 25 YEARS
|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.