Home loan by need
Home Improvement Loan EMI Calculator.
Renovating or upgrading your existing home — typically priced closer to a home loan than a personal loan for the same amount.
₹8,00,000
9.50%
7 Yr
Monthly EMI
₹13,075
- Principal amount
- ₹8,00,000
- Total interest
- ₹2,98,300
- Total amount
- ₹10,98,300
Principal73%
Principal amount₹8,00,000
Interest amount₹2,98,300
Your Amortization Details
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹84,519 | ₹72,381 | ₹7,15,483 |
| 2 | ₹92,905 | ₹63,995 | ₹6,22,578 |
| 3 | ₹1,02,126 | ₹54,774 | ₹5,20,452 |
| 4 | ₹1,12,262 | ₹44,638 | ₹4,08,190 |
| 5 | ₹1,23,400 | ₹33,500 | ₹2,84,787 |
| 6 | ₹1,35,650 | ₹21,250 | ₹1,49,136 |
| 7 | ₹1,49,113 | ₹7,787 | ₹22 |
Frequently asked questions
What is a home improvement loan?
A loan specifically for renovating, repairing, or upgrading an existing home — repainting, flooring, structural repairs, or adding a room — typically at rates closer to a home loan than a personal loan, since many lenders treat it as an extension of home financing.
Is a home improvement loan cheaper than a personal loan for the same purpose?
Usually yes, if your lender offers it as a dedicated product tied to your existing home loan or property — rates often run several percentage points below a plain personal loan, since the lender may treat the property as informal security even without a formal charge being created.