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Indian Bank EMI Calculator

You are Eligible for EMI Amount
₹56,409
Principal Amount
₹6,500,000
Interest Amount
₹7,038,042
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  • Lowest Interest Rate
  • Highest Loan Value
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8,000,000₹
8.5 p.a
20 years

You are Eligible for EMI Amount

0
Principal Amount
0
Interest Amount
7,038,042
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

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Your Repayment Details


    Indian Bank Home Loan EMI Calculator

    Navigating the financial aspects of purchasing a home is crucial for effective planning. The Indian Bank Home Loan EMI Calculator on SuGanta.com empowers you to estimate your monthly loan repayments accurately, facilitating informed financial decisions.

    Key Features of the Indian Bank Home Loan EMI Calculator

    • Accurate EMI Computation: Input your loan amount, interest rate, and tenure to receive precise monthly installment figures, aiding in effective budgeting.​
    • User-Friendly Interface: Designed for simplicity, the calculator ensures a seamless experience for all users, regardless of financial expertise.​
    • Instant Results: Obtain immediate calculations, allowing you to explore various loan scenarios and choose the most suitable option.​

    Indian Bank Home Loan Interest Rates and Details

    • Interest Rates: As of April 2025, Indian Bank offers home loan interest rates starting from 8.15% per annum, varying based on the applicant's credit profile and loan specifics.​
    • Processing Fees: A nominal fee of 0.23% of the loan amount is applicable.​
    • Loan Tenure: Flexible repayment periods extending up to 30 years, accommodating diverse financial plans. ​​

    Sample EMI Calculation

    For a home loan of ₹65,00,000 with an interest rate of 8.5% per annum over a tenure of 20 years:

    • Monthly EMI: Approximately ₹56,409.​
    • Total Interest Payable: Approximately ₹70,38,042.​​

    Note: These figures are indicative. For precise calculations tailored to your loan specifics, use the Indian Bank Home Loan EMI Calculator on SuGanta.com.​

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    • SBI Bank
      RECOMMENDED
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      ₹
      ROI
      8.45%
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      EMI
      ₹17,603
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    How to Use the Indian Bank Home Loan EMI Calculator

    • Enter Loan Amount: Specify the desired loan amount.​​
    • Select Loan Tenure: Choose the preferred repayment period.​​
    • Input Interest Rate: Enter the applicable interest rate. ​​
    • Calculate EMI: To see the approximate monthly payment, click "Calculate Your EMI."​

    Benefits of Using the EMI Calculator

    • Financial Planning: Gain a clear understanding of your monthly obligations, aiding in effective budgeting.​​​
    • Loan Comparison: Evaluate different loan scenarios by adjusting variables, assisting in selecting the most suitable loan option.​​​
    • Time-Saving: Eliminates the need for manual calculations, providing swift and reliable results.​​​

    Why Choose Indian Bank Home Loans?

    • Competitive Interest Rates: Starting from 8.15% per annum, making home loans more affordable.​​​
    • Flexible Tenure Options: Repayment periods extend up to 30 years, providing flexibility to borrowers. ​​​
    • High Loan Amounts: Depending on eligibility, borrowers can avail substantial loan amounts to finance their dream homes.​​

    Amortization Table for ₹65 Lakhs at 8.5% Interest

    Year Opening Balance (₹) EMI × 12 (₹) Interest Paid (₹) Principal Paid (₹) Closing Balance (₹)
    1 65,00,000 9,62,856 5,49,132 4,13,724 60,86,276
    2 60,86,276 9,62,856 5,17,333 4,45,523 56,40,753
    3 56,40,753 9,62,856 4,79,464 4,83,392 51,57,361
    4 51,57,361 9,62,856 4,36,375 5,26,481 46,30,880
    5 46,30,880 9,62,856 3,88,125 5,74,731 40,56,149
    6 40,56,149 9,62,856 3,33,839 6,29,017 34,27,132
    7 34,27,132 9,62,856 2,73,545 6,89,311 27,37,821
    8 27,37,821 9,62,856 2,06,988 7,55,868 19,81,953
    9 19,81,953 9,62,856 1,33,850 8,29,006 11,52,947
    10 11,52,947 9,62,856 53,235 9,09,621 0

    For real-time calculations, use the Indian Bank EMI Calculator on SuGanta.com, the trusted platform for comparing India's top home loan offers.

     

    Frequently Asked Questions

    +
    Yes, you can use the calculator for various Indian Bank home loan products by adjusting the interest rates and other terms accordingly.
    +
    The Indian Bank Home Loan EMI Calculator allows you to input various loan amounts, tenures, and interest rates. By adjusting these parameters, you can easily compare different loan scenarios and determine which option best suits your financial situation and repayment capacity.
    +
    It provides a clear overview of monthly payments, helping you budget effectively and plan your finances around your home loan commitments.
    +
    Yes, you can compare various loan amounts, tenures, and interest rates to find the most suitable option for your financial situation.
    +
    The calculator on SuGanta.com is designed to be user-friendly on both desktop and mobile devices.
    +
    After using the calculator on SuGanta.com, you can explore more details about Indian Bank home loans or connect with their representatives for personalized assistance.

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