RBL 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

Your Amortization Details (Yearly/Monthly)

Calculate RBL Bank Home Loan EMI Online

A home loan is one of the most commonly used financial products offered by a bank. It is a support system for those who want to build their own home and need financial assistance to back them.

RBL Bank is one such financial entity that offers home loans with feasible interest rates. However, before taking a loan from the bank, it is necessary to calculate the Loan EMI that one would be liable to pay from period to period.

The EMI Calculation can be a bit complex. Hence, one can use the RBL Bank Home Loan EMI Calculator to resolve this complexity. It can help a prospective borrower estimate what amount he would have to pay off monthly.

RBL Bank Home Loan EMI Formula

The basic formula to calculate EMI is as follows-

E = P*R*(1+R)^N/((1+R)^N – 1)

Where,

E = EMI (Equated Monthly Installment)

P = Principal Loan Amount

R = Monthly Interest Rate

N = Monthly Loan Tenure

How Useful is the RBL Bank Home EMI Calculator?

The RBL Bank housing loan calculator helps to compute the EMI amount within a fraction of a second. One needs to fill in the given fields like the loan amount, rate of interest and loan tenure to calculate EMI-

  • The calculator provides the exact EMI amount to help borrowers compute their spending on loans.
  • It calculates the payable EMI amount in a few seconds and saves the precious time that might be consumed while calculating manually.
  • It provides accurate results and simplifies the calculation.

How to Use Groww’s RBL Bank Home Loan Calculator?

Groww makes calculating home loan EMI simple and quick with its RBL Bank home loan EMI calculator. These are the 2 easy steps to compute your EMI-

  • Fill in the loan amount, interest rate and tenure in the given fields.
  • Click and find your EMI.

Benefits of Using Groww's RBL Bank Home Loan Calculator

  • It’s entirely safe, quick and easy.
  • It is completely available at no cost to users.
  • It simplifies complex calculations and saves a lot of time to compute the EMI.
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