Indiabulls Housing Finance Home Loan EMI Calculator

Offering customized home loan solutions to customers at attractive rates of interest and flexible loan repayment options, Indiabulls Housing Finance is one of the leading names in the home loan industry. Home loans start at 8.75% per annum. The easiest way to compute your monthly repayment installments is to use the online Indiabulls home loan EMI calculator. 

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1 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

How to Calculate Indiabulls Housing Finance Home Loan EMI?

EMI is the simplest way to return the loan amount to housing finance company. To help you calculate home loan EMI liability, the best way is to use the online EMI calculator tool. It not only saves time and effort but also offers accurate results each time you enter the right combination of loan amount, interest rate, and repayment tenure. 

Indiabulls Housing Finance Home Loan EMI Calculator Formula

Home loan EMI calculator tools available online use a scientific formula to compute the exact amount payable by the loan applicant. The Indiabulls home loan calculation formula is shared below to help you calculate your EMI and budget your monthly expenses accordingly. 

EMI = [P x R x (1+R)^N] / [(1+R)^N-1] 


P = Principal Loan Amount
R = Rate of Interest 
N = Number of installments

Factors Affecting Indiabulls Housing Finance Home Loan EMI

Listed below are the Indiabulls Housing Finance home loan criteria that affect EMI for the customer:

Amount of Loan: The higher the loan amount availed of, equally higher the EMI payable for repayment. 

Rate of Interest: The interest rate offered by Indiabulls on the home loan amount is the next factor impacting the EMI. A higher rate of interest inevitably means a higher EMI, and vice versa. 

Loan Repayment Tenure: The duration for which the loan amount has been availed of also has a direct impact on its EMI. Shorter loan tenures tend to have higher EMIs, while longer loan durations have relatively lower EMIs. 

Benefits of Using Indiabulls Home Loan Calculator

Here are some top benefits of Indiabulls Home Loan calculator tool in computing the exact amount of EMI repayable to the housing finance company for your home loan amount: 

Saves time and effort: Using the online EMI tool allows you to easily and quickly calculate your EMI amount and not waste effort in doing it manually. You can use the calculator that is available at 

Variation Comparison Analysis: Home loan applicants can easily compare the EMI for various loan combinations before making a final decision and going with one option. 

Free and Accurate: The EMI tool is free to use and also provides prompt, accurate results for different combinations of loan amounts, loan tenure, and rates of interest. 

Indiabulls Housing Finance Home Loan Interest Calculator Formula

You can use the online Indiabulls home loan interest rate calculator to calculate the rate of interest on your home loan amount without having to do it manually. The formula for the calculator is explained below:

Total Rate of Interest = (P X R X T) / 100


P = Principal Loan Amount
R = Rate of Interest 
T = Tenure 

Indiabulls Home Loan Eligibility Criteria

To be able to avail of a home loan, you must meet certain specified eligibility criteria defined by Indiabulls. Indiabulls home loan eligibility calculator uses details such as your income, age, nationality, credit score, and any other details to check your eligibility for a housing loan.

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Comparison of Indiabulls Housing Finance Home Loan EMI with Other Popular Banks

To further help you make an informed decision before availing of a home loan, the table below highlights the rate of interest and EMI payable for Indiabulls Housing Finance as well as 5 more leading banks in the country:

Bank Name Rate of Interest Rs. 10 lakhs Rs. 20 lakhs Rs. 30 lakhs Rs. 40 lakhs Rs. 50 lakhs
Indiabulls Housing Finance 8.75% p.a. onwards Rs. 12,533 Rs. 25,065 Rs. 37,598 Rs. 50,131 Rs. 62,663
YES Bank 9.40% p.a. onwards Rs. 12,885 Rs. 25,770 Rs. 38,655 Rs. 51,540 Rs. 64,425
Axis Bank 9.00% p.a. onwards Rs. 12,668 Rs. 25,335 Rs. 38,003 Rs. 50,670 Rs. 63,338
Bajaj Housing Finance 8.50% p.a. onwards Rs. 12,399 Rs. 24,797 Rs. 37,196 Rs. 49,594 Rs. 61,993
Piramal Housing Finance 11.00% p.a. onwards Rs. 13,775 Rs. 27,550 Rs. 41,325 Rs. 55,100 Rs. 68,875
DCB Bank 9.75% p.a. onwards Rs. 13,077 Rs. 26,154 Rs. 39,231 Rs. 52,308 Rs. 65,385
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Indiabulls Housing Finance Home Loan Amortization Schedule

This schedule enables the home loan applicant to receive a monthly breakdown of each payment made. The table shared later in this blog gives a clearer idea of how much is used for repaying the principal amount borrowed and how much covers the interest charged by the housing finance company. 

Steps to Calculate Indiabulls Home Loan Amortized Interest

Step 1: Start by dividing your Indiabulls home loan interest rate by the total number of EMIs you pay annually. For instance, if the rate of interest is 8.75% p.a. and you wish to pay EMIs monthly, divide 8.75% by 12 = 0.0072

Step 2: Now multiply this number by your outstanding loan amount and you will get the monthly interest payable. For instance, if your home loan amount balance is Rs. 40,00,000, the interest for the first month would be 40,00,000 x 0.0072 = Rs. 28,800.

Step 3: Deduct the monthly interest obtained from your fixed EMI to arrive at your principal payable in the first month. For instance, if your monthly EMI is Rs. 39,978, you will pay Rs. 39,978 - Rs. 28,800 = Rs. 11,178 as the loan amount, and the same will be subtracted from your outstanding loan balance to calculate the principal amount payable for the subsequent month.

Step 4: Repeat these steps to calculate the outstanding loan amount, principal, and rate of interest for each month in the same manner.

The table displayed below will help you understand the Indiabulls Housing Finance Home Loan Amortization Schedule 2024:
Year/Month Principal Amount Interest Loan EMI
2024 135067.51 344668.49 4000000.00 479,736.00
1st Month 10811.33 29166.67 4000000.00 39,978.00
2nd Month 10890.17 29087.83 3989188.67 39,978.00
3rd Month 10969.57 29008.43 3978298.50 39,978.00
4th Month 11049.56 28928.44 3967328.93 39,978.00
5th Month 11130.13 28847.87 3956279.37 39,978.00
6th Month 11211.29 28766.71 3945149.24 39,978.00
7th Month 11293.04 28684.96 3933937.95 39,978.00
8th Month 11375.38 28602.62 3922644.92 39,978.00
9th Month 11458.33 28519.67 3911269.53 39,978.00
10th Month 11541.88 28436.12 3899811.21 39,978.00
11th Month 11626.04 28351.96 3888269.33 39,978.00
12th Month 11710.81 28267.19 3876643.30 39,978.00
Disclaimer: This table shares an idea of the EMI payable for a home loan amount of Rs. 40,00,000 at a rate of interest of 8.75% p.a. for a tenure of 15 years. The figures in the table will change corresponding to the loan tenure, rate of interest, and principal amount.


The maximum home loan repayment tenure for Indiabulls is 30 years or 65 years of age, whichever is earlier.

The rate of interest on an Indiabulls home loan starts at 8.75% p.a.

The steps are as follows:

  • Fill out the application form for a home loan with the required details and attach the desired documents.
  • Pay the processing fee specified by the housing finance company.
  • The housing finance company will approve the loan amount based on certain eligibility criteria.
  • Indiabulls will also get the property verified before sanctioning the loan amount.
  • The loan amount will be disbursed upon careful analysis of all of the above.

Yes, the online tool is free to use.

A late payment fee may be charged by the housing finance company ranging between 1% and 2% of the EMI amount.

Yes, it is possible to pay more than the EMI amount as it will help you repay your loan faster.