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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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
| Institution | Interest rates | Loan amount |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 11.55% | Upto 25 Lakhs |
| Institution | Interest rates | Loan amount |
| Tata Capital | From 10.99% | Upto 35 Lakhs |
| InCred | From 18% | Upto 3 Lakhs |
| Finnable | From 16% | Upto 10 Lakhs |
| PaySense | From 16.8% | Upto 5 Lakhs |
| Poonawalla | From 9.99% | Upto 30 Lakhs |
| Fullerton | From 11.99% | Upto 25 Lakhs |
| LendingKart | From 12% | Upto 3 Lakhs |
| Axis Finance | From 13% | Upto 25 Lakhs |
| L&T Finance | From 12% | Upto 7 Lakhs |
| Mahindra Finance | From 10.99% | Upto 10 Lakhs |
| Aditya Birla | From 11.99% | Upto 50 Lakhs |
| Bajaj Finance | From 11% | Upto 50 Lakhs |
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
Spruce up your living space
Repair, remodel or renovate your home with Home Renovation Loan
NBFCs
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
- Rs.30 lakh Personal Loan
- Rs.25 lakh Personal Loan
- Rs.20 lakh Personal Loan
- Rs.15 lakh Personal Loan
- Rs.10 lakh Personal Loan
- Rs.5 lakh Personal Loan
- Rs.4 lakh Personal Loan
- Rs.3 lakh Personal Loan
- Rs.2 lakh Personal Loan
- Rs.1 lakh Personal Loan
- Rs.50,000 Personal Loan