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

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Fincover® > Banking > Loan > personal loan > Personal Loan for Home renovation

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Key Takeaways ✦

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

Banks

Personal Loan Interest Rates 2025

Institution	Interest Rates
HDFC Bank	10.85% – 24.00%
Axis Bank	11% – 24.00%
Bandhan Bank	11.90% Onwards
ICICI Bank	10.85% – 16.25%
DBS Bank	10.99% – 24.00%
Bank of Baroda	11.05% – 18.75%
SBI	11.45% – 14.85%
IndusInd Bank	10.49% – 24.00%
Yes Bank	11.25% – 21.00%
Standard Chartered	11.50% – 24.00%
IDFC First	10.99% – 23.99%
Kotak Mahindra Bank	10.99% – 24.00%
PNB	11.40% – 17.95%
Indian Bank	10.90% – 24.00%

NBFCs

NBFC Name	Interest Rate
InCred	16% – 42%
Finnable	16% – 28%
L&T Finance	11% – 24%
Aditya Birla	10% – 32%
Shriram Finance	11% – 42%
Bajaj Finserv	10.75% – 31%
Piramal Finance	12.99% onwards
Tata Capital	11.99% – 35%
Poonawalla	11.49% – 19%
SMFG	13% – 36%
Axis Finance	13% onwards
Mahindra Finance	12% – 36%
Paysense	16.8% – 33%

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.