IndusInd Bank Home Loan EMI Calculator: Check EMI & Interest Online

*T&C Apply

₹1,50,00,000

8.85%

10 years

₹1,89,425

₹77,31,000

Also Read - Bajaj Home Loan EMI Calculator
 

Arvind looked at different loan options and saw that paying off the loan in 10 years would nearly cut his total interest in half. Because of this, he decided to use his higher NRI income to build equity in his investment faster.

Benefits of Using the IndusInd Bank Home Loan EMI Calculator

When I applied for a home loan, having the right information helped. The IndusInd Bank Home Loan EMI calculator was more than a tool; it felt like a personal financial guide. Here are three ways it helped me make better decisions.

Benefit 1:

I was pre-approved for a ₹1.2 crore loan, but I wasn’t sure how it would impact my monthly budget. After entering the amount, 8.75% interest rate, and a 20-year term into the IndusInd calculator. I saw my EMI would be ₹1,05,632. 

Knowing this number eased my worries and gave me a clear target. I saw that this EMI matched my 50% FOIR ratio, so my approval felt realistic and manageable.

Benefit 2:

After I found out my basic EMI, I tried different options with the calculator. I compared my 20-year plan (EMI: ₹1,05,632) to a 15-year plan. The shorter term meant a higher EMI of ₹1,19,843, which was ₹14,211 more each month. 

The real surprise was the total interest. I would save over ₹22,00,000 by picking the 15-year option. Seeing these numbers helped me choose to pay more now to save a lot later.

Benefit 3

Two years into my loan, I received a performance bonus of ₹8,00,000. I used the IndusInd prepayment calculator to see what would happen if I put this bonus toward my loan. 

After entering my remaining principal of ₹1.16 crore and the bonus amount, the calculator showed that, without changing my EMI, I could shorten my loan term by 3 years and 4 months and save ₹27,50,000 in interest. Seeing these results motivated me to make the prepayment and move closer to being debt-free.

Conclusion

Planning is important when looking for the right home loan. The IndusInd Bank Home Loan EMI Calculator makes the process clearer and easier to understand. It shows you the numbers so you can feel confident as you work toward owning your home.

FAQS

What is the real cost of a home loan? 

The true cost of a home loan is much higher than just the amount you borrow. Over 20 to 30 years, factors like compound interest, processing fees, stamp duty, legal charges, and insurance can make you pay two or three times the original amount. For example, if you take a ₹1 crore loan at 8.75% interest for 30 years, you could end up repaying more than ₹2.1 crore in total.

What is no-cost EMI in a home loan?  

A no-cost EMI (Equated Monthly Instalment) in a home loan, often called "No EMI until Possession" or "Pre-EMI Holiday," lets buyers avoid paying interest while their property is being built.

Have you taken a home loan for an under-construction house? 

Yes, loans can be taken for under-construction houses, which are structured with staged disbursements linked to construction milestones rather than a lump sum. These loans often feature lower initial payments via pre-EMIs (interest only) until completion, typically covering 75% to 90% of the property cost. 

How was the experience with the bank, and how was the EMI deducted if choose full EMI as an option? 

If you choose the full EMI option, which is common for loans or big purchases, you pay both interest and principal right away. This leads to higher monthly payments but less total interest. Banks usually take this fixed amount from your account automatically on a set date, often through Auto-debit (NACH) mandates.

How many times can I use the IndusInd Bank home loan calculator?

You can use the IndusInd Bank home loan calculator as often as you like. There are no limits.