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When is the right time to use Indiabulls Home Loan EMI Calculator

Finance

A home loan from Indiabulls is among the most promising action you can ever make to yourself. Loan calculators were created for the convenience of both – borrowers and lenders. With the help of this, a borrower gets to know how much monthly installment they can pay.

Similarly, Indiabulls identifies the affordability of the borrower with the help of this tool. You can either calculate your EMIs before applying for the loan or even in between so that just in case other EMI is out of your budget, you can transfer it to Indiabulls.

Indiabulls home loan EMI calculator is available is online and can be used infinite times at any time. This tool is very simple to use and hence anyone can check their EMI smoothly. In this article, we have talked about different home loan schemes you can opt from Indiabulls. Later, there is an example showing how monthly installment you pay on a default value of interest rate, tenure and loan amount.

Pradhan Mantri Awas Yojana

  • Interest subsidy of 6.50%* p.a. up to a loan amount of ₹6 lakh for 20 years or the actual term, whichever is lower, credited upfront
  • Actual subsidy amount credited is as approved by the National Housing Bank (NHB)
  • Family means husband/wife/unmarried children
  • Applicable for customers who are purchasing/constructing their first home. The beneficiary family should not own any other house in their name.
  • The carpet area should not exceed 30 sq. mt. for EWS (annual household income up to Rs. 3 lakh PA), 60 sq. mt. for LIG (annual household income between Rs. 3 lakh to Rs. 6 lakh PA), 120 sq. mt. for MIG-I (annual household income between Rs. 6 lakh to Rs. 12 lakh PA), and 150 sq. mt. for MIG-II (annual household income between Rs. 12 lakh to Rs. 18 lakh PA)
  • The construction/extension must be completed within 36 months
  • A woman has to be owner/co-owner of the property

Home Loan Balance Transfer

Below are the features of home loan transfer facility offered by Indiabulls:

  • Low interest rates
  • Additional top-up
  • Customised repayment options
  • Prepayment facility
  • Doorstep service
  • Online account access
  • No hidden charges
  • Special rate of interest for women applicants

Home Extension Loan

If you want to get funds for home extension, you must look at the features below:

  • Attractive interest rates
  • Flexible repayments options
  • Quick approvals and disbursals
  • Available to new and existing customers
  • No hidden charges
  • Easy documentation

Home Improvement Loan

Indiabulls offers home improvement loan with below features:

  • Affordable interest rates
  • Available to existing and new customers
  • Easy documentation
  • Speedy processing
  • Tailored repayment options

EMI Calculator

A home loan EMI calculator is also popular with the name interest calculator. It is basically used to calculate the monthly installments of the loan. This tool takes into account the following details:

  • Loan amount
  • Tenure
  • Interest rate

On the basis of the above data, this calculation tool would give you the details of the EMI, Total Interest Outgo, and Total Amount. For instance, if you are taking a home loan with the below details:

Loan amount- ₹20 lakhs

Interest rate- 8.50% p.a.

Tenure- 20 years

The payment details will be as follows:

Monthly EMI- ₹17,356

Total Interest Outgo- ₹21,65,552

Total Amount (Interest + Principal)- ₹41,65,552

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