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Home Renovation Loan Calculator

What is the Home Renovation Loan EMI Calculator?

You can work out how much your loan repayments might be! Home Renovation Loan EMI calculator will give you an estimated figure for the total monthly instalment payments along with the complete breakup of the home loan repayment process. You can now strategize your repayment schedule in advance with help of our EMI calculator.

EMI Calculator

Pre-payment Calculator

What does the Home Renovation Loan EMI Stand for?

EMI stands for Equated Monthly Instalments. It includes payment of the principal amount and payment of the interest on the outstanding amount of your Home Loan. A longer home renovation loan tenure for maximum period helps in reducing the EMI’s. The exact percentage of principal and interest depends on the interest rate charged and the tenure for which the personal loan for home renovation is taken.

How to calculate your Home Renovation Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Home Renovation Loan Amount (The personal loan amount for home renovation you wish to get)
  • Interest Rate
  • Loan Tenure (Tata Capital offers you up tenure up to 72 months to repay)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Home Renovation Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

What is Pre-payment Calculator?

Pre-payment of a Home Renovation loan involves repaying a large instalment of your loan before the due date. The Home Renovation Loan pre-payment calculator allows you to assess the effect of such early loan repayments on your finances including your resultant EMI, tenor etc.

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