Personal Loan for Home renovations
Transform your living space with ease! Our Loan for Home Renovations is your key to creating the home of your dreams. Enjoy hassle-free financing, competitive interest rates, and a simple application process
Personal Loan for Home Renovation: Elevate Your Living Space
Your home is more than just a place to live; it acts as a sanctuary where memories are created and stored. Whether you’re thinking about a kitchen modification, a new bathroom, or expanding your living room, it’s hard to do them without taking a financial help from the outside. Spending from your savings for these expenses dips your savings. That’s where a personal loan for home renovation comes into play.
At Fincover, we understand the importance of having a comfortable and sprawling living space. We can assist you get the perfect loan that can used to renovate/alter/extend your living space.
Interest rates from Popular Banks and NBFCs for Home Renovation
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| L&T Finance | From 12% | Up to ₹7 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Features of Personal Loan for Home renovation
- Customized Loan Amounts - Our platform allows you to borrow the amount you need for home renovation, ensuring you have the amount to meet the dreams of your life
- Competitive Interest Rates - We have partnered with lenders who offer affordable interest rates on personal loans for home renovation. You can compare rates and choose a loan that fits your budget
- Quick Approval and Disbursement - Our streamlined application process ensures you get quick approvals, and the funds are disbursed quickly
- No Collateral Required - Personal loans for home renovation are typically unsecured, meaning you do not have to put up any security to get the loan
- Flexible Repayment Tenures - Select a repayment plan that aligns with your financial abilities. With flexible tenures, you can comfortably manage your loan without straining your finances.
- Minimal Documentation - We understand that your time is valuable so we follow a hassle-free and paperless application process eliminating the need of hours of documentation
Benefits of Personal Loan for Home Renovation
- Improve Property Value - Apart from adding comfort to your living, a well-planned home renovation increases your property value thereby giving you long term financial cushion
- All kinds of Modifications & Upgrades - Whether it’s a minor facelift or a major overhaul, a personal loan for home renovation ensures you can upgrade your space according to your preferences and needs
- Transparent Terms and Conditions -We believe in transparency. You’ll have access to all the terms and conditions associated with your loan, so you can make informed decisions
- Personalized Customer Support - At FinCover, we’re committed to providing excellent customer support. If you have questions or need assistance, our team is here to help.
Eligibility Criteria for Personal Loan for Home Renovation
To apply for a Personal Loan, you need to meet the following criteria:
- Age: 21 to 65 years
- Minimum Monthly Income: Rs. 20000 atleast
- Employment Type: Salaried or Self-employed
- Indian Resident with a valid ID and Address Proof
Documents Required for Personal Loan for Home Renovation
- Proof of identity (Aadhar card, passport, driver’s license)
- Proof of address (utility bills, rental agreement) for self-employed
- Proof of income (Bank statement of Monthly Pension credit)
- PAN Card
- Passport-sized photographs
