The interest rate on our home renovation loan ranges from 1.25% to 2.60% per month, depending on your credit profile and loan amount. A good CIBIL score can help you secure a more competitive rate.
A personal loan for home renovation comes with multiple features and benefits designed to make your renovation journey straightforward. Apply online with minimal documentation and get funds disbursed to your account upon approval, subject to eligibility.
The interest rate on our home renovation loan ranges from 1.25% to 2.60% per month, depending on your credit profile and loan amount. A good CIBIL score can help you secure a more competitive rate.
Repay your home renovation loan in Equated Monthly Instalments (EMIs) over a flexible tenure of 3 to 12 months. Pre-close at any time with zero pre-closure charges.
Once your application is submitted and documents are verified, our team reviews it promptly. An in-principle decision is provided subject to eligibility and credit assessment. Funds are disbursed to your account upon approval.
Timely repayment of your home renovation loan is reported to credit bureaus, which can positively improve your CIBIL score over time — helping you access better loan terms in the future.
No assets are required as collateral. Your home renovation loan is approved based on your salary, CIBIL score, and creditworthiness — making the process simple and accessible.
All charges — including the processing fee (2% of loan amount + GST), interest rate, and any applicable penalties — are disclosed upfront in the Key Fact Statement before you sign the loan agreement. No fee is collected before disbursal.
Follow these straightforward steps to apply for a home renovation loan online — the entire process is paperless and can be completed from your phone or computer.
The eligibility criteria for a home renovation loan depend on factors such as age, income, credit score, employment type, and documentation. Meeting these criteria does not guarantee loan approval — all applications are subject to credit assessment.
| Age | 21 to 60 years |
| Income | Minimum ₹40,000 per month (net take-home salary) |
| Credit Score | 650 or above (CIBIL score) |
| Documents Required | Aadhaar Card, PAN Card, last 3 months' salary slips, last 6 months' bank statements, passport-size photograph. All documents can be submitted digitally. |
| Employment Type | Salaried employee in a private limited company, registered company, or government organisation. |
Once your application is submitted and documents are verified, our team provides an in-principle decision subject to eligibility and credit assessment — so you can plan your renovation with confidence.
All charges — including processing fee (2% + GST), APR (15%–34% p.a.), and any applicable penalties — are disclosed upfront in the Key Fact Statement before you sign. No fee is collected before loan disbursal.
Apply for a home renovation loan anytime from your phone or computer — the entire process is paperless, from application to document upload, with no branch visits required.
Upon loan approval and document verification, funds are disbursed directly to your registered bank account — so you can begin your home renovation without unnecessary waiting.