Month | EMI | Principal | Interest | Balance |
---|---|---|---|---|
0 | ₹0 | ₹0 | ₹0 | ₹1,00,000 |
1 | ₹9,168 | ₹7,668 | ₹1,500 | ₹92,332 |
2 | ₹9,168 | ₹7,783 | ₹1,385 | ₹84,549 |
3 | ₹9,168 | ₹7,900 | ₹1,268 | ₹76,649 |
4 | ₹9,168 | ₹8,018 | ₹1,150 | ₹68,631 |
5 | ₹9,168 | ₹8,139 | ₹1,029 | ₹60,492 |
6 | ₹9,168 | ₹8,261 | ₹907 | ₹52,232 |
7 | ₹9,168 | ₹8,385 | ₹783 | ₹43,847 |
8 | ₹9,168 | ₹8,510 | ₹658 | ₹35,337 |
9 | ₹9,168 | ₹8,638 | ₹530 | ₹26,699 |
10 | ₹9,168 | ₹8,768 | ₹400 | ₹17,932 |
11 | ₹9,168 | ₹8,899 | ₹269 | ₹9,033 |
12 | ₹9,168 | ₹9,033 | ₹135 | ₹0 |
Whether you've lived in your home for years or just moved in, renovations and upgrades are inevitable. From minor repairs to major overhauls, the costs can be substantial—often exceeding what's readily available in your savings.
That's where a home renovation loan comes in handy. Personal loans tailored for home improvements offer a practical way to finance these projects without straining your finances. But before taking the plunge, evaluating the overall cost and planning your repayment strategy is essential.
It's a simple online tool that shows you your monthly payments before you sign any document.
In seconds, it tells you:
Using a home renovation loan calculator is super simple.
The formula it uses looks scary (EMI = [P x R x (1+R)^N]/[(1+R)^N-1]), but the calculator handles all that.
Figuring out the financial side of home improvements doesn't have to be stressful. An EMI calculator becomes your saviour in several important ways:
This online tool comes with a plethora of benefits:
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PPF Calculator
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Gratuity Calculator
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Personal Loan EMI Calculator
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