# DCB Bank Home Loan EMI Calculator

Loan amount
Rate of interest (p.a)
%
Loan tenure
Yr
 Monthly EMI ₹ Principal amount ₹ Total interest ₹ Total amount ₹
Principal amount
Interest amount

DCB Bank offers its customers home loans up to the number of Rs. 5 crores and for tenures that range up to a period of 20 years. These home loans are offered to salaried and employed individuals. These home loans are made easily repayable through an EMI, which means an equated monthly installment.

You can also estimate your DCB Bank home loan EMI before you can opt for the loan itself. In order to make that estimation, you can use the DCB Bank Home Loan Calculator.

## Meaning of the DCB Bank Home Loan Interest Rate Calculator

This DCB Bank home loan calculator is an automated tool with a formula box that can help you identify the EMI amount and the interest amount instantly. You would not have to do any manual calculations, and you can incur human errors.

The calculator will always give you instant solutions to estimate these amounts over your housing loan from the DCB Bank.

## How Does this DCB Bank Housing Loan Interest Rate Work?

The DCB Home Loan Calculator uses a formula box, as already mentioned, and it is explained below.

The formula that is used:

[P x R x (1+R)^N]/[(1+R)^N-1]

The letters in this formula mean:

P = Principal Amount for the Home Loan from DCB Bank

R = The interest Rate that the Bank offers you.

N = The period you want to borrow for.

This formula can better be explained with an example:

Miss. Sowmya wants to take a home loan of Rs. 32.5 lakhs for a period of 10 years at the rate of 8.55%. She will borrow the loan in the month of July 2022. Her EMI amount and interest amount can be known in the following manner.

P = Rs. 32.5 lakhs

R = 8.55%

N = 10 Years

Therefore the;

EMI = Rs. 40,382

## How to Use the DCB Bank Home Loan Calculator?

Using this calculator is simple, and all that you would have to do is follow the steps that have been mentioned below:

Step 1

You will have to enter the principal amount that you want for a housing loan from DCB Bank.

Step 2

You will then have to provide the tenure that you want to take in order to repay the loan.

Step 3

You would then have to provide the rate of interest that the Bank is offering to you have the specific home loan.

After all this data has been updated on the calculator, the calculator will automatically show you the EMI amount that you have to pay each month, along with the total interest rate that the Bank is charging on your home loan.

## Amortization Table of the DCB Bank Home Loan

Based on the home loan example that is mentioned above, we can derive an amortization table from showing the break-up values:

 Year Interest Principal Total Payment Outstanding Loan 2022 1,37,079 1,05,215 2,42,294 31,44,785 2023 2,60,223 2,24,367 4,84,590 29,20,419 2024 2,40,270 2,44,319 4,84,589 26,76,101 2025 2,18,541 2,66,046 4,84,587 24,10,054 2026 1,94,882 2,89,705 4,84,587 21,20,348 2027 1,69,116 3,15,472 4,84,588 18,04,877 2028 1,41,062 3,43,526 4,84,588 14,61,352 2029 1,10,514 3,74,076 4,84,590 10,87,276 2030 77,246 4,07,343 4,84,589 6,79,933 2031 41,020 4,43,569 4,84,589 2,36,365 2032 5,929 2,36,365 2,42,294 0

## Features and Advantages in Using the DCB Bank Home Loan EMI Calculator

The DCB Bank home loan calculator has various benefits and features that it offers to the users, and some of the major ones are:

• The calculator can give you instant results without having to wait.
• You would not have to deal with human error that usually comes with manual calculations.
• You would not have to register or sign in in order to use this calculator, and all you would have to do is gain access to the portal to use the tool.
• The tool will only ask you for minimal information about the loan, which would be the principal amount, the tenure, and the interest rate.
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