Online Personal Loan For Home Renovation And Home Interior
Are you looking for finances to renovate or expand your home? Apply now for Poonawalla Fincorp’s Personal Loan for Home Renovation and put all your worries to rest. You can avail of funds of up to ₹ 30 lakh and use them to meet various financial requirements, such as paying for carpentry, masonry and painting work, and buying furniture, electronic appliances, fixtures, etc.
Our personal loans for home renovation are collateral-free and come with many exciting features and benefits, such as simple eligibility criteria, easy online application, competitive interest rates, flexible repayment tenure, and doorstep services. So, get ready to give your house the much-needed makeover without breaking your savings.
Personal Loan EMI Calculator
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Personal Loan For Home Renovation Interest Rates
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Eligibility Criteria Of Personal Loan For Home Renovation
Our personal loans come with easy eligibility criteria to make your borrowing journey much more straightforward. It allows us to offer instant approvals so that you can start your home renovation without any delay.
Below are the factors that determine our eligibility criteria for personal loans for home renovation:
Personal Loan For Home Renovation Eligibility Criteria
Your age
Citizenship
Work experience
Monthly income
Employer Category
- Age - The applicant should be at least 24 years of age at the time of applying for the loan and a maximum of 57 years of age.
- Citizenship - The applicant must be an Indian citizen.
- Work Experience -The applicant should be in current employment for a minimum of 1 month and is required to have a minimum work experience of 1 year.
- Monthly Income - The monthly income of the applicant must be at least ₹30,000.
- Employer Category - The applicant needs to be an employee of the Central Govt., PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP or companies which are listed.
In addition to this, a good credit score can increase your chances of qualifying for our personal loan for home renovation.
Required Documents For Online Home Renovation Loan
Lengthy paperwork can delay the loan disbursal and dampen your borrowing experience. To make the process smooth, we only require you to submit some primary documents.
Below are the required documents for our personal loan for home renovation:
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Proof of identity
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Proof of Employment
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Proof of Address
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Proof of income
- Proof of identity
- Proof of address
- Proof of employment
- Proof of income
In addition to this, a good credit score can increase your chances of qualifying for our personal loan for home renovation.
Why Opt For A Personal Loan For Home Renovation?
The renovation work of a home usually demands a massive chunk of money. Apart from the essential repair and maintenance work, you may have to spend a considerable amount on painting and décor to improve the aesthetics of your house. You may also wish to purchase new furniture and mattresses to ensure adequate comfort for yourself and your loved ones.
All these costs can add up heftily to cause a major financial burden on you. By availing of a personal loan for home renovation, you can pay for these expenses without any worries. Additionally, you can choose a convenient tenure and repay the loan in Equated Monthly Instalments (EMIs). You can even know your EMIs in advance and plan your repayment accordingly.
We Offer Personal Loans For Home Renovation To:
- Salaried individuals
- Working professionals such as Chartered Accountants, Doctors, Company Secretaries
- Self-employed persons
Features And Benefits Of Personal Loan For Home Interior
We aim to deliver a seamless and hassle-free borrowing experience to our customers. Our personal loans are easy to avail of, offer instant approval and a high degree of customisation to cater to your precise requirements.
Below are the striking features and benefits of our personal loans for home renovation:
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Easy online application
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No collateral/security required
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Instant approval and quick disbursal
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Attractive rate of interest
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Minimal documentation
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Flexible repayment tenure
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No hidden charges
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Doorstep services
- Easy online application
- No collateral/security required
- Instant approval and quick disbursal
- Attractive rate of interest
- Minimal documentation
- Flexible repayment tenure
- No hidden charges
- Doorstep services
Apply for Instant Personal Loan For Home Renovation within 5 Minutes
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Online
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Click on Apply Now and fill in the complete application.
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Personal Details
Enter your DOB, qualification and residential details
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Application will then proceed for verification and assessment
Frequently Asked Questions On Home Renovation Personal Loans
A personal loan for home renovation, also known as a home improvement loan, is a special type of loan taken to pay for the expenses required for house renovation, expansion, or improvement. You can avail of this loan and use it to pay for the masonry, carpentry, and painting work for your house. You can also use it to buy new furniture, fittings, and electronic appliances.
Anyone who wants to arrange to fund their house renovation or improvement can apply for a home renovation loan. At Poonawalla Fincorp, we provide home renovation loans to salaried individuals.
The applicable charges and interest rates for personal loans for home renovation vary across lenders. At Poonawalla Fincorp, we provide personal loans at the most competitive interest rate, starting from just 9.99% per annum. Additionally, a nominal processing fee of 0 to 2% of the loan amount might be applicable.
A personal loan is a multi-purpose loan which means that you can use it to fund various expenses related to your home renovation or improvement. Borrowing and repaying a personal loan also helps you improve your credit score. However, you should borrow a personal loan to meet big-ticket financial goals and not for unnecessary spending.
You can easily apply online for a personal loan for home renovation by following the steps mentioned below:
- Step 1 – Click on “Apply Now” on our website
- Step 2 – Enter your basic details and upload the KYC documents
- Step 3 – Await application assessment
- Step 4 – Receive confirmation of your loan approval
- Step 5 – Get the loan amount in your bank account
*Terms & Conditions Apply
