Bandhan Bank Home Loan EMI Calculator

Taking a home loan is a big decision, and understanding your EMI is crucial. The Bandhan Bank Home Loan EMI Calculator gives you instant clarity on your payments. Credit Dharma ensures a hassle-free experience with expert advice, competitive interest rates, and lifetime assistance.

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Bandhan Bank Home Loan Interest Rates

Home Loan	Interest Rate
Suraksha Home Loan	9.16% p.a. – 13.33% p.a.
Sajavat Home Loan	9.16% p.a. – 13.33% p.a.
Su-awas Home Loan	13% p.a. – 15% p.a.
Suvidha Home Loan	9.16% p.a. – 13.33% p.a.

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How is Bandhan Bank Home Loan EMI Calculated?

The EMI for Bandhan Bank home loan is calculated using the following standard formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

• P = Loan Amount
• R = Monthly Interest Rate (Annual Rate ÷ 12)
• N = Loan Tenure in Months

Example:

If you borrow ₹50 lakhs at an interest rate of 8.5% p.a. for a tenure of 20 years, the calculation will be:

• Loan Amount (P) = ₹50,00,000
• Interest Rate (R) = 8.5%/12 = 0.7083% per month
• Loan Tenure (N) = 20 years × 12 = 240 months

Using the EMI formula, the monthly EMI will be around ₹43,391.

Pro Tip: If your credit score is low, consider working on it for 3-6 months before applying for a home loan.

Sample EMI Calculations for a Rs 50 Lakh Home Loan @8.40% p.a.

Tenure (Years)	Interest Rate	Monthly EMI	Total Interest
20	8.40%	₹43,391	₹54,13,840
25	8.40%	₹39,133	₹67,39,900
30	8.40%	₹36,829	₹82,58,440

Suggested Read: Home Loan EMI For ₹75 lakh

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How to Use Bandhan Bank Home Loan EMI Calculator?

The Bandhan Bank Home Loan EMI Calculator is a useful tool for estimating your monthly EMI, total interest payable, and overall repayment amount with accuracy.

Follow these steps to use the calculator effectively:

1. Enter the loan amount you wish to borrow in the designated field or use the slider to adjust the value.
2. Adjust the interest rate field to match the current Bandhan Bank home loan interest rate.
3. Select the repayment period by entering the desired loan tenure or using the slider.
4. The calculator will display the monthly EMI, total interest payable, and total loan amount payable.
5. A visual representation, such as a pie chart, may also be provided to show the proportion of the loan amount and interest payable.

Suggested Read: Investing vs. home loan prepayment

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How to Reduce Bandhan Bank Home Loan EMI?

Here are some strategies to reduce your EMI and save money on your home loan:

Tip	Description
Make Prepayments	Pay a lump sum to reduce the outstanding principal, which lowers your EMI.
Negotiate for Lower Interest Rates	If your credit score is good, request a lower interest rate.
Choose a Longer Tenure	Opt for a longer tenure to reduce your monthly EMI, but note that it increases the total interest cost.

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Home Loan Interest Rates by Top Banks

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.50% p.a. onwards	8.5% p.a. onwards	8.50% p.a. onwards
HDFC Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Punjab National Bank	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-10.30% p.a.	8.75%-10.30% p.a.	8.75%-10.30% p.a.
Bank of India	8.40% p.a onwards	8.40% p.a onwards	8.40% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards

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Frequently Asked Questions