No, you cannot directly add or convert your existing personal loan into a home loan. Personal loans and home loans are two fundamentally different types of credit with different purposes, collateral requirements, interest structures, and tax implications.
A personal loan is unsecured and meant for varied expenses, while a home loan is secured against property and specifically for buying, building, or renovating a home. Because of these core differences, banks and lenders do not allow you to simply merge a personal loan into a home loan account.
Is It Allowed to Add Personal Loan to Home Loan?
No, but if you want to take a personal loan alongside a home loan, that is possible. Here’s what you can do if you want to manage both debts more smartly:
If your goal is to buy a house or construct a property, you can take a new home loan independently of your personal loan.
The home loan won’t automatically absorb the existing personal loan balance, but you can use the funds for property purposes and continue repaying your personal loan separately.
Some people choose to refinance or consolidate debts by taking a different loan (e.g., a loan against property or a balance transfer). It may offer a lower interest rate than a personal loan. But this is not the same as merging the personal loan into the home loan itself.
If you have substantial property, some lenders let you take a Loan Against Property to pay off your personal loan and other debts at a lower rate than a personal loan. Still, this doesn’t convert the personal loan into a home loan; it simply refinances it under different terms.
You cannot directly add or convert your personal loan into a home loan. If you need financing for a house, apply for a separate home loan and explore refinancing or consolidation strategies to manage existing personal debt. I hope this resolves your query about can I add my personal loan to home loan.
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Can I Add My Personal Loan to Home Loan?
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2026-01-22T09:09:48+00:00 2026-01-22T09:09:50+00:00Comment
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