Loan EMI Calculator
Total Down Payment (TDP)
(TDP = D + P)
Loan EMI (LE)
(PLA= A – D)
(PLA = Principal Loan Amount)
(LE = [PLA x R x (1+R)^T]/[(1+R)^T-1] )
Total Interest Payable (TIP)
(TIP = LE * T)
Total Payment (TP)
(TP = LA + TIP + P)
DCB Bank makes home loans of up to 5 crores convenient. Take your financial planning with 20 years of repayment tenure. Pay easy installment at 9.75% interest per annum.
Use the DCB Bank Home Loan EMI Calculator tool to simplify the EMI calculation. Get additional benefits to know the monthly installment of your home loan.
Benefits of the DCB Bank Home Loan EMI Calculator
1. Accurate EMI Result: EMI Calculator provides algorithm-based results which is 100% accurate. This result helps users with better financial planning and make decisions.
2. Comparative Analysis: Borrowers can analyze interest rates, and loan tenure compared with other lenders. Choose a better and more affordable lender for you.
3. Budget Planning: Get effective budget planning to know the EMI amount. If you are aware of a future financial plan
4. Manage Your Loan: You can manage previous loans or change the interest rates of current loans using of EMI calculator.
How to Work DCB Bank Home Loan EMI Calculator
DCB Bank uses specific formulas to calculate home loans. EMI (Equated Monthly Installment) is a fixed amount that has to be paid on a fixed period.
The EMI calculation depends on:
- Loan Amount: A amount that the borrower takes from the bank.
- Interest Rate: The interest rates that are charged by banks.
- Loan Tenure: The period over which the loan is to be repaid.
The EMI calculation formula is:
[P x R x (1+R)^N]/[(1+R)^N-1]
P is the meaning of the Home Loan amount.
R is the meaning of DCB Bank home loan interest rates.
N is the meaning of loan tenure.
DCB Bank Home Loan Interest Rates
Get affordable home loan interest rates from DCB Bank. The interest rates will vary on many factors. But generally, the interest rate is 9.75% yearly. DCB Bank provides home loans up to 90% of the property valuation.
Loan Amount | INR 10 Lakhs – INR 5 Crores |
Interest Rate | 9.75% to 14.50% p.a. |
Tenure | 20 – 30 Years |
Processing Fee | Up to 2% of the loan amount |
Prepayment Charges | ZERO |
DCB Bank 15 Lakh Home Loan EMI Calculation
Loan Amount | Interest Rates | Tenure | Monthly EMI |
15 Lakh | 9.85% p.a. | 120 months | Rs. 19,699 |
15 Lakh | 9.85% p.a. | 72 months | Rs. 27,676 |
15 Lakh | 9.95% p.a. | 84 months | Rs. 24,864 |
15 Lakh | 9.95% p.a. | 120 months | Rs. 19,782 |
15 Lakh | 10.00% p.a. | 180 months | Rs. 16,120 |
15 Lakh | 10.00% p.a. | 96 months | Rs. 22,762 |
15 Lakh | 10.05% p.a. | 108 months | Rs. 21,159 |
15 Lakh | 10.05% p.a. | 100 months | Rs. 22,208 |
15 Lakh | 10.05% p.a. | 180 months | Rs. 16,165 |
15 Lakh | 10.50% p.a. | 84 months | Rs. 25,292 |
15 Lakh | 10.50% p.a. | 120 months | Rs. 20,241 |
How to Use the DCB Bank Home Loan EMI Calculator
The following simple steps will give you home loan EMI calculation results:
1. Use Calculator
Visit our DCB Bank Home Loan EMI Calculator page and use the calculator tool online. Not required to install the software. Your internet connection must be on.
2. Enter Loan Amount
You should know the loan amount that you want to borrow from DCB Bank.
3. Provide Interest Rate
Borrowers should know about interest rates of loan amounts. Specify the interest rates that the borrower taking from you. The rates cannot be the same for all customers. So, you need to confirm from the bank.
4. Loan Tenure
Specify your loan repayment tenure in months or years. 24hrLoan EMI calculator tool available in month format.
5. Calculate EMI:
Now, use the “Calculate” button to know the EMI amount, total payable interest, and total amount including loan amount + interest.
FAQs
-
Can I use the DCB Bank Home Loan EMI Calculator online?
Use the DCB Bank home loan calculator online without installing software. Only you need an internet connection for the calculation process.
-
What is the interest rate of the DCB Bank Home Loan?
The annual interest rate of DCB Bank home loans is 9.75% to 14.50%.
-
What is the EMI of 20 Lakh Loan of DCB Bank Home Loan?
The EMI of a 20 lakh home loan is Rs. 21,309 including a 9.85% p.a. interest rate for 15 years tenure.
-
What is the EMI of a 50 lakh DCB Bank Home Loan?
The calculated EMI of 50 lakh is Rs. 53,273 including a 9.85% p.a. interest rate for 15 years repayment term.