Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
12 to 36 Months

Get Your Home Renovated with Flexible EMIs

A good ambience at home positively impacts your mood and allows you to be in your comfort zone and at peace. However, homes also need repairs and renovation from time to time. Financing such maintenance and renovation can come at a considerable cost, which can strain your pockets. Thankfully, an Instant Loan from Poonawalla Fincorp can help you renovate your home worry-free. Get up to ₹5 Lakh at competitive interest rates with flexible loan tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Online
Application
Collateral-free
Loan
Competitive
Interest Rates
Minimal
Paperwork
Flexible
EMIs
No
Hidden Charges

Instant Loan EMI Calculator

Calculate your monthly repayment by using our EMI calculator instantly. Just enter the loan amount, interest rate and tenure to get your EMIs instantly. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan

Access our flexible financing solution instantly by meeting our simple eligibility criteria:

  • Age - The applicant must be between 25 and 55 years old.
  • Citizenship - The applicant must be an Indian citizen.
  • Annual Income - The applicant’s annual household income must be at least ₹3 Lakh.
  • Credit Score - The credit score of the applicant must be 750 and above.

Documents Required for an Instant Loan

Submit a few essential documents to get an Instant Loan to get a home renovation on EMI:

  • KYC Documents: Aadhaar Card and PAN Card.
  • Current Address Proof: Passport, Utility Bills, and Rent Agreement.

Interest Rates and Charges for an Instant Loan

Poonawalla Fincorp offers an Instant Loan at attractive interest rates and nominal charges:

Interest Rates
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
upto 4.5%
Loan Tenure
1 – 36 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Benefits of Home Renovation on EMI

Make your home a custom-made space without worrying about the budget. Here are 4 benefits of renovating your home on EMI: 

  • Affordable: Renovate your home without paying for it in one go. Make home renovation affordable by choosing to repay in monthly instalments. 

  • Quick Disbursal: After successful verification, the loan amount will be disbursed into your bank account. 

  • High Loan Amount: Avail yourself of a loan amount of up to ₹5 Lakh to make your abode a true reflection of your personality. 

  • Flexible Repayment Tenure: You can select your repayment options as required between 12 to 36 months (about 3 years). 

  • Minimal Documentation: Submit just a few documents, such as KYC documents – PAN Card and Aadhaar Card- and proof of your current address – passport, utility bills or rental agreement. 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. Why renovate your home on EMI?

Home renovation is a big decision and may require a considerable amount of investment. By renovating your home on EMI, you can divide the cost into manageable monthly instalments. 

2. How can I finance a home renovation?

You can finance your home renovation easily by getting an Instant Loan from Poonawalla Fincorp. Get up to ₹5 Lakh at an attractive interest rate with minimal documentation and quick approval.   

3. What documents are required while applying for a Small Personal Loan?

Applying for an Instant Loan is an easy and quick process. All you need to submit are the KYC documents and proof of current address.   

*Terms & Conditions Apply