IDFC home loan calculator | 2025
IDFC home loan calculator helps you calculate monthly installments quickly. By entering the loan amount, tenure, and interest rate, the IDFC home loan calculator gives you accurate repayment estimates to manage your finances better.
IDFC Home Loan Calculator
Individuals considering a home loan can benefit greatly from the IDFC home loan calculator. This web-based tool facilitates borrowers in estimating their Equated Monthly Instalments (EMIs) by taking into account factors such as loan amount, interest rate, and tenure. By offering insight into repayment obligations, it equips aspiring homeowners to make prudent financial choices.
Understanding Amortisation Schedule
The financial concept of amortisation involves gradually reducing the principal amount through scheduled payments, including interest and a portion of the principal. This process ensures borrowers steadily reduce their debt, creating a predictable and manageable repayment structure.
Familiarity with an amortisation schedule is vital for borrowers as it provides a detailed breakdown of each payment, delineating the allocation between interest and principal. This transparency helps borrowers plan their finances, make informed decisions, and gauge the impact of extra payments on accelerating debt reduction. Essentially, an amortisation schedule serves as a roadmap for loan repayment.
For example, if you take an IDFC First Home Loan of ₹10 lakh for 10 years at an 8.4% interest rate, your monthly EMI will be ₹12,345. Using an IDFC home loan calculator, you can generate the corresponding amortization schedule. Below is the corresponding amortization schedule.
| Year | Opening Balance | Amount paid by Customer (EMI*12) | Interest paid during the year | Principal paid during the year | Closing Balance |
| 1 | 1,000,000 | 148,142 | 81,472 | 66,670 | 933,330 |
| 2 | 933,330 | 148,142 | 75,651 | 72,491 | 860,839 |
| 3 | 860,839 | 148,142 | 69,322 | 78,820 | 782,019 |
| 4 | 782,019 | 148,142 | 62,440 | 85,702 | 696,318 |
| 5 | 696,318 | 148,142 | 54,957 | 93,185 | 603,133 |
| 6 | 603,133 | 148,142 | 46,821 | 101,321 | 501,813 |
| 7 | 501,813 | 148,142 | 37,975 | 110,167 | 391,646 |
| 8 | 391,646 | 148,142 | 28,356 | 119,786 | 271,860 |
| 9 | 271,860 | 148,142 | 17,898 | 130,244 | 141,616 |
| 10 | 141,616 | 148,142 | 6,526 | 141,616 | 0 |
Unique Features of IDFC First Bank Home Loan
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Tailor-made Loans :
IDFC First Bank offers personalised loans that require minimal paperwork, streamlining the application process for customers.
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Top-ups Loan and Balance Transfers :
Clients can enjoy additional funding up to 100% of the existing loan amount, and the interest rate remains consistent, providing a cost-effective option for financial flexibility.
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Digitized Loan Process :
The bank prioritises efficiency with a streamlined, digital loan process applicable for amounts up to ₹5 Cr, enhancing convenience for borrowers.
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Long Loan Tenure :
Borrowers can choose a repayment period of up to 30 years, accommodating diverse financial needs and preferences.
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Higher Eligibility :
IDFC First Bank extends increased eligibility to a wide range of customers, including salaried individuals and self-employed individuals, ensuring accessibility and inclusivity in its financial services.
Customers can utilize the IDFC home loan calculator as an added advantage to better understand their loan options and payment schedules before making decisions.
How Does the EMI Calculator Work?
The EMI (equated Monthly instalment) calculator is a crucial aid for simplifying the intricate task of understanding loan repayments. When accessing tools like theIDFC home loan calculator, users are prompted to input three essential values: Loan Amount, Rate of Interest, and Loan Tenure.
Conveniently, these values can be adjusted through a slider or manual entry. The calculator then expeditiously computes the Monthly EMI, revealing how much borrowers must repay each month.
Additionally, it unveils the Total Interest accumulated over the loan period and the comprehensive Total Amount to be repaid. This user-friendly tool eases financial planning, furnishing borrowers with a clear guide for their repayment journey and fostering informed decisions and financial stability.
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Input Requirements :
- Principal Amount
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Calculation Formula :
- EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
- Here:
- EMI is the monthly payment
- P is the principal amount of the loan
- R is the monthly interest rate (annual interest rate divided by 12)
- N is the total number of payments
Step-by-Step Guide: Using IDFC First Bank Home Loan EMI Calculator
Here’s a Step-by-Step Guide on using the IDFC home loan calculator:
- Visit the official website at https://www.nobroker.in/home-loan/idfc-first-bank-home-loan-emi-calculator
- Scroll down, and you will find spaces for Loan amount, rate of interest, and loan tenure.
- Input the desired values.
- The IDFC first bank home loan calculator will instantly compute the EMI, total interest and the total amount.
Benefits of Utilising IDFC First Bank home loan Calculator
IDFC First Bank Home Loan EMI calculator offers quick and accurate EMI values, eradicating the need for error-prone manual calculations.
· This tool simplifies financial planning, enabling users to assess an appropriate loan amount and down payment for a property within their financial capacity.
· The calculator’s amortisation schedule presents a transparent breakdown of principal and interest, giving borrowers the ability to strategically make prepayments and decrease overall loan costs.
· Through proactive home loan management, users can make humane and cost-effective decisions, ensuring a more seamless and financially secure journey.
IDFC First Bank Home Loan EMI for varied loan values
| Loan Amount | Rate of Interest | Loan tenure | EMI |
| 10,00,000 | 8.4 | 20 | 8,615 |
| 20,00,000 | 8.4 | 20 | 17,230 |
| 30,00,000 | 8.4 | 20 | 25,845 |
| 40,00,000 | 8.4 | 20 | 34,460 |
| 50,00,000 | 8.4 | 20 | 43,075 |
| 60,00,000 | 8.4 | 20 | 51,690 |
| 70,00,000 | 8.4 | 20 | 60,305 |
| 80,00,000 | 8.4 | 20 | 68,920 |
| 90,00,000 | 8.4 | 20 | 77,535 |
| 1,00,00,00 | 8.4 | 20 | 86,150 |
Contact Us for Personalized Assistance
Trust Nobroker Home Loan Services for reliable assistance. Our trustworthy team guides you through the entire loan process. Count on us for personalised assistance tailored to your needs. Contact us today for a seamless and stress-free experience in securing your home loan. Your dream home is just a message away.
