Home Renovation Loan Emi Calculator
A home renovation loan EMI calculator should be used before availing a home renovation loan. It gives you an estimated EMI amount that you will need to pay monthly throughout your loan term. It also gives you an idea of how much the monthly interest rate is going to be.
Using a home renovation loan EMI calculator is easy. It is similar to a personal loan EMI calculator. You will need to know the home renovation loan amount and the loan duration. You also need to know the tentative interest rate that will be applicable on your instant loan.
There are multiple advantages of using a home renovation loan EMI calculator.
- Though there is a manual way of calculating the EMI, using the calculator gives you accurate results.
- It can also help you in choosing the right tenure for your loan. You need to remember that the EMI is higher for short-term loans as compared to long-term loans.
- Since you get an estimated amount as the EMI before your home renovation loan is disbursed, you can plan your monthly finances in a way that does not affect your budget
- If you feel the EMI is higher or lower, you can instantly alter the inputs and arrive at a new figure.
- It is easy, convenient, and free of cost.
FAQs On Home Renovation Loan Emi Calculator
You can create your profile on Finnable either through the website or personal loan App which can be found on Google play store. The profile will require a few basic details about yourself. After that select your loan amount/ product and the terms or payment period. Finally upload your KYC documents like Adhaar, Pan card and bank statement and you are done
Yes, it is possible to get a loan online. We do offer loans to customers who are 1st-time borrowers which may be customers without CIBIL score as well if it meets our eligibility criteria.
Once you complete the application process, you will be able to see the status. The Live status is updated in the app at any point. Loans get disbursed within 48 hours of the application being approved.
One can get an online loan of Upto Rs. 10 Lakhs
Once your loan is sanctioned, all you have to do is grant customer authorization for the EMI amount to get directly debited from your bank account. That way, you won't have to worry about forgetting your EMI payments.
Depending on your CIBIL score and monthly income, the interest charged on the loan will be between 16% to 26%
You can simply use the EMI calculator to calculate how much you would be paying each month.
As an RBI regulated NBFC, we are required to follow the procedures which include getting KYC documents from our customer’s. So, it is mandatory to submit documents to get a loan online.
Yes, extremely safe. Finnable is an RBI regulated NBFC
Yes, it is possible to foreclose or prepay an active Finnable loan. Foreclosing or prepaying means that one wishes to prepay the loan amount earlier than the loan tenure/period. This is allowed after 6 months of getting the loan.
Customer Service contact - makeiteasy@finnable.com (You will get a reply within 24 hrs)
