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Last updated on: July 2, 2025

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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.

Comparison of Personal Loan Interest Rates of Banks (2025)

BankInterest RateLoan AmountProcessing FeeProcessing TimeApply
DBS BankFrom 10.99%Up to ₹15 Lakhs1-2% of loan amount24-48 hoursApply
HDFCFrom 10.85%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Axis BankFrom 10.49%Up to ₹40 Lakhs1.5% to 2%24-72 hoursApply
ICICI Bank10.75% – 19%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Bank of Baroda10.75% – 18.5%Up to ₹5 Lakhs1%-2%48-72 hoursApply
SBIFrom 11%Up to ₹30 LakhsUp to 1.5%2-3 working daysApply
IndusIndFrom 10.49%Up to ₹50 LakhsUp to 2.5%24-48 hoursApply
Yes BankFrom 10.99%Up to ₹40 LakhsUp to 2.5%24-48 hoursApply
Standard CharteredFrom 11.5%Up to ₹50 LakhsUp to 2.25%48-72 hoursApply
IDFCFrom 10.49%Up to ₹50 LakhsUp to 3%24-48 hoursApply
Kotak MahindraFrom 10.99%Up to ₹40 Lakhs1% to 2.5%1-2 daysApply
PNBFrom 11.40%Up to ₹20 LakhsUp to 1%2-3 daysApply
Bandhan BankFrom 11.55%Up to ₹25 LakhsUp to 2%48-72 hoursApply

Comparison of Personal Loan Interest Rates of NBFCs (2025)

NBFCInterest RateLoan AmountProcessing FeeProcessing TimeApply
Piramal FinanceFrom 12.99%Up to ₹35 Lakhs2%-3%24-72 hoursApply
Shriram FinanceFrom 14%Up to ₹35 LakhsUp to 3%2-3 daysApply
Tata CapitalFrom 10.99%Up to ₹35 LakhsUp to 2.5%24-48 hoursApply
InCredFrom 18%Up to ₹3 Lakhs2% to 4%Instant to 24 hrsApply
FinnableFrom 16%Up to ₹10 LakhsUp to 3%24-48 hoursApply
PaySenseFrom 16.8%Up to ₹5 LakhsUp to 2.5%24-48 hoursApply
PoonawallaFrom 9.99%Up to ₹30 Lakhs1% to 2%24-72 hoursApply
FullertonFrom 11.99%Up to ₹25 LakhsUp to 3%1-2 working daysApply
LendingKartFrom 12%Up to ₹3 Lakhs2% to 3%24-48 hoursApply
Axis FinanceFrom 13%Up to ₹25 LakhsUp to 2.5%1-2 daysApply
Mahindra FinanceFrom 10.99%Up to ₹10 LakhsUp to 3%2-3 daysApply
Aditya BirlaFrom 11.99%Up to ₹50 LakhsUp to 2.5%48-72 hoursApply
Bajaj FinanceFrom 11%Up to ₹50 LakhsUp to 4%24-72 hoursApply

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

Apply now

Prem Anand Author
Prem Anand
Prem Anand
VIP CONTRIBUTOR
Prem Anand
10 + years Experienced content writer specializing in Banking, Financial Services, and Insurance sectors. Proven track record of producing compelling, industry-specific content. Expertise in crafting informative articles, blog posts, and marketing materials. Strong grasp of industry terminology and regulations.
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Prem Anand Reviewed by
GuruMoorthy A
Prem Anand
Founder and CEO
Gurumoorthy Anthony Das
With over 20 years of experience in the BFSI sector, our Founder & MD brings deep expertise in financial services, backed by strong experience. As the visionary behind Fincover, a rapidly growing online financial marketplace, he is committed to revolutionizing the way individuals access and manage their financial needs.
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Who is the Author?

Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.

How is the Content Written?

The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.

Why Should You Trust This Content?

This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.