About this calculator
The Interior EMI Calculator tells you the monthly EMI for financing your home interior project. 2026 personal-loan interest rates for interior work in India range from 10.5% to 18% per annum, with tenures of 12–60 months. A ₹6 lakh interior loan at 13% for 36 months works out to ~₹20,200 EMI.
Most full-home interior projects in India are financed — banks have specific "home improvement" or "interior finance" products, and brands like LivSpace and HomeLane bundle EMI through Bajaj Finance and HDFC. The calculator lets you compare bank loans, NBFC loans and brand-EMI side by side.
Why homeowners use this calculator
- Standard reducing-balance EMI formula matching bank quotes exactly.
- Compare bank, NBFC and brand-bundled EMI options.
- Total interest cost surfaced — easy to spot 18%+ traps.
- Tenure slider to see EMI vs total cost trade-off.
- Free PDF amortisation schedule.
Features
- Loan amount slider ₹1–25 lakh.
- Interest rate input.
- Tenure picker 12–60 months.
- Processing fee toggle.
- Premium gated PDF schedule.
How the calculation works
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly interest rate (annual ÷ 12), n is months. For ₹6 lakh at 13% for 36 months: EMI = ₹20,213, total interest = ₹1.27 lakh, total payment = ₹7.27 lakh. Always check the processing fee (0.5–2%) separately.
Why this estimate is more accurate
Brand-bundled "easy EMI" offers from interior firms often run 16–18% effective rates once processing fees and one-time charges are added — vs 10.5–12% from a direct bank personal loan. Calculating both sides yourself can save ₹40k–1.2 lakh of interest on a typical project.
Material comparison
| Loan source | Rate (2026) | Tenure | Processing fee |
|---|---|---|---|
| HDFC / ICICI / Axis personal loan | 10.5–14% | 12–60 mo | 1–2% |
| SBI home improvement loan | 9.8–11.5% | up to 180 mo | 0.5–1% |
| Bajaj / Tata Capital NBFC | 12–16% | 12–60 mo | 2–3.5% |
| LivSpace / HomeLane EMI | 12–18% effective | 12–36 mo | 1.5–3% +brand fees |
| Credit card no-cost EMI | 13–18% if missed | 3–24 mo | Usually free |
What affects the final cost
- Credit score — 750+ gets you bottom-of-range rates; below 700, expect 15%+.
- Tenure — longer tenure means lower EMI but materially more total interest.
- Processing fee — often hidden; can add 1–3.5% to upfront cost.
- Pre-payment penalty — many NBFCs charge 2–4% if you close early.
- Loan tenure vs interior lifespan — never finance a kitchen for longer than its 10-year life.
- GST on EMI fees — 18% on processing and foreclosure charges, often forgotten.
City-wise cost variations
EMI for a ₹6 lakh loan at 13%, 36 months — same across India:
- Monthly EMI: ₹20,213
- Total interest: ₹1,27,668
- Total payment: ₹7,27,668
- Effective cost over 3 years: 21.3% of principal