Personal Loan for Home Renovation — EMI Calculator

Transform your home without breaking your fixed deposits. Whether it's a new kitchen, bathroom upgrade, or full interior redesign — get the funds upfront without mortgaging your property.

Loan Amount

₹

₹50,000₹20,00,000

Interest Rate (p.a.)

10.0%36.0%

Loan Tenure

24 Mo60 Mo

Monthly EMI

₹30,008

Total Interest

₹2,35,316

Total Payment

₹12,60,316

Monthly EMI

₹30,008

Principal Amount

₹10,25,000 (81.3%)

Total Interest

₹2,35,316 (18.7%)

Amortization Schedule

Year	Principal	Interest	Total Paid	Balance
Year 1	₹2,50,581	₹1,09,515	₹3,60,096	₹7,74,419
Year 2	₹2,82,359	₹77,737	₹3,60,096	₹4,92,060
Year 3	₹3,18,171	₹41,925	₹3,60,096	₹1,73,889
Year 4	₹1,73,889	₹6,136	₹1,80,048	₹0

₹10,25,000 Loan EMI at Different Rates & Tenures

Monthly EMI for a ₹10,25,000 personal loan across common interest rates and repayment periods.

Rate ↓ / Tenure →	12 mo	24 mo	36 mo	48 mo	60 mo
10%	₹90,114	₹47,299	₹33,074	₹25,997	₹21,778
12%	₹91,070	₹48,250	₹34,045	₹26,992	₹22,801
14%	₹92,032	₹49,213	₹35,032	₹28,010	₹23,850
16%	₹92,999	₹50,187	₹36,036	₹29,049	₹24,926
18%	₹93,972	₹51,172	₹37,056	₹30,109	₹26,028
24%	₹96,924	₹54,193	₹40,214	₹33,417	₹29,487

EMI Example: ₹10,25,000 at 10.5% for 42 Months

Loan Amount: ₹10,25,000

Interest Rate: 10.5% p.a.

Tenure: 42 months

Monthly EMI: ₹29,269

Total Interest: ₹2,04,298

Total Payment: ₹12,29,298

Key Features

✓No property mortgage required

✓Large amounts up to ₹20L

✓Long tenures for low EMI

Recommended Lenders for Personal Loan for Home Renovation

HDFC Bank

Rate: 10.5%-24%

Amount: up to ₹40,00,000

CIBIL: 700+

Disbursal: 24 hours

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State Bank of India

Rate: 11.05%-14.56%

Amount: up to ₹20,00,000

CIBIL: 650+

Disbursal: 3-5 working days

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ICICI Bank

Rate: 10.65%-16%

Amount: up to ₹50,00,000

CIBIL: 700+

Disbursal: 24-48 hours

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Bajaj Finserv

Rate: 11%-34%

Amount: up to ₹40,00,000

CIBIL: 685+

Disbursal: 24 hours

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Axis Bank

Rate: 10.49%-22%

Amount: up to ₹15,00,000

CIBIL: 700+

Disbursal: 24-48 hours

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Tata Capital

Rate: 10.99%-28%

Amount: up to ₹35,00,000

CIBIL: 700+

Disbursal: 24-48 hours

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Frequently Asked Questions

What is the EMI for a home renovation loan?

For a ₹10,25,000 home renovation loan at 10.5% interest for 42 months, the EMI is approximately ₹29,269 per month. Total interest: ₹2,04,298. Adjust the calculator above to match your specific needs.

What is the typical loan amount for personal loan for home renovation?

Personal Loan for Home Renovation amounts typically range from ₹50,000 to ₹20,00,000, with the most common tenure being 24-60 months. The exact amount you qualify for depends on your income, credit score, and existing obligations.

Which lender is best for personal loan for home renovation?

Top recommended lenders include HDFC Bank (from 10.5%), State Bank of India (from 11.05%), ICICI Bank (from 10.65%). The best lender for you depends on your credit profile — GoCredit compares 55+ lenders simultaneously.

Do I need collateral for personal loan for home renovation?

No. Personal loans are unsecured — you do not need to pledge any property, gold, or assets as collateral. Approval is based on your income, credit score, and repayment capacity. This makes personal loans faster to get than secured loans like home or gold loans.

How fast can I get a home renovation loan?

Many lenders disburse personal loans within 24-48 hours. Among recommended lenders, HDFC Bank offers disbursal in 24 hours. Digital lenders often have same-day disbursal for approved applicants.