Indiabulls Housing Finance Limited is a mortgage lender that provides you home loans at an attractive rate of interest with a longer repayment duration of your loan amount. You can pay the loan amount in equated monthly installment (EMI), it is a fixed amount you have to pay to Indiabulls on a selected date of every month. Indiabulls EMI calculator home loan is an important tool in determining your home loan EMIs. It shows the payment of your principal amount as well as the interest on your outstanding home loan amount on the amortization schedule. Indiabulls Home loan EMI calculator helps in calculating your home loan EMI, know more about the Indiabulls EMI calculator in the given article.
Use Indiabulls Home Loan EMI Calculator to estimate your loan installments
Indiabulls EMI calculator home loan calculates the monthly installment instantly within a millisecond, you just need to enter your loan details like borrowed loan amount, loan tenure and interest rate inside the Indiabulls Home Loan EMI Calculator. The EMI calculator works on the formula [P*R (1+R)^n] / [(1+R)^n-1] where P is your borrowed loan amount and N is the loan duration, the Indiabulls provide you a maximum loan duration of 20 years for your loan payment you can increase or decrease the duration according to your compatibility. R is the rate of interest on your loan amount the starting rate of interest of Indiabulls home loan is 8.80%. Per annum.
What are the benefits of Indiabulls Home Loan EMI Calculator?
There are several benefits of the EMI calculator, Indiabulls EMI calculator home loan gives you an approx EMI of your loan amount which helps in managing your loan repayment schedule. It also provides you an amortization schedule of your home loan to provide all the important information related to your loan payment such as the outstanding balance, the loan amount and the lined up EMIs. You can also lower the outstanding amount of your home loan by making partial payment.
If you have taken the loan at a floating rate of interest then Indiabulls Housing Finance Ltd. doesn’t charge any prepayment fee from you. You can also get Tax benefit under section 80C and 24B of the Income Tax Act (ITA). Under ITA you will get a deduction on the principal repayment of your home loan and claim up to maximum Rs.1.5 lakh and also get a tax deduction on your interest paid up to Rs.2 lakh.
So, if you use the Indiabulls home loan EMI calculator it would be beneficial for you as you can easily manage your loan. Indiabulls Housing Finance Ltd. is the perfect loan provider for your new property or house and you can also take a loan for your home renovation, extension, etc. Also, transfer your existing home loan to Indiabulls for a lower EMI on your home loan you can use the Indiabulls EMI calculator home loan to know the difference in loan EMIs.