Personal Loan For Home Renovation

Personal LoanFor Home Renovation

Loan up to 30 Lakh | Attractive Interest Rate | Quick Approval

Give your home a new look with a Personal Loan for home renovation from Poonawalla Fincorp. Get up to ₹30 Lakh without pledging collateral or any end-usage restriction. Enjoy quick approval and minimal documentation. Cover the entire cost of making your home a comfortable space for you and your family. Apply now!


Get a Personal Loan from Poonawalla Fincorp and give a fresh look to your home interiors at minimal processing fees and other charges:

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 & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Get a quick Personal Loan – just meet these simple criteria:

Age Requirement


Citizenship Status


Monthly Salary Required

Monthly Income



Work Experience

Work Experience

Credit Score

Credit Score

  • Age - Between 22 years and 57 years
  • Citizenship - Must be an Indian citizen
  • Monthly Income - Should be at least ₹30,000
  • Employment - Should be an employee at a reputed public or private company
  • Work Experience - Must have a minimum of 12 months of work experience and a minimum of 1 month’s experience with the current employer
  • Credit Score - Should have a credit score of 750 and above

In addition to this, a good credit score can increase your chances of qualifying for our personal loan for home renovation.

Upload a few primary documents to complete your application in just minutes:

  • Identity Proof

    Identity Proof

  • Address Proof

    Address Proof

  • Income Proof

    Income Proof

  • Employment Proof

    Employment Proof

  • Identity Proof : Government ID cards like PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Address Proof : Utility bills, rental agreement, passport
  • Income Proof : Latest salary slips for the last 3 month, last three months’ bank statement
  • Employment Proof : Official email ID or Employee ID card
  • Cover all the home renovation expenses
  • Flexibility to select the repayment tenure
  • Plan repayment using an EMI calculator
  • Use the money to finance preferred expenses
  • Salaried people working in a reputed government or private company
  • Self-employed people having their venture and adequate business vintage
  • Working professionals such as doctors, CAs and Company Secretaries

Key highlights of the Personal Loan for home renovation include:

  • Simple Documentation

    Simple Documentation

  • Fast Approval and Disbursal

    Fast Approval and Disbursal

  • Convenient Monthly Instalments

    Convenient Monthly Instalments

  • No Hidden Charges Present

    No Hidden Charges Present

  • Hassle-free Application Process

    Hassle-free Application Process

  • Zero Collateral Required

    Zero Collateral Required

  • Attractive Interest Rates

    Attractive Interest Rates

  • Simple Documentation : Upload only a few primary documents to complete your application process
  • Fast Approval and Disbursal : Get instant approval and fast disbursal of funds to meet immediate renovation expenses
  • Convenient Monthly Instalments : Repay the loan affordably over up to 60 months
  • No Hidden Charges Present : All fees and charges are disclosed
  • Hassle-free Application Process : Apply for a Personal Loan online or on the Poonawalla Fincorp App in just a few clicks
  • Zero Collateral Required : Personal loans are unsecured. You do not need to pledge collateral.
  • Attractive Interest Rates : Enjoy competitive interest rates starting at 9.99%* p.a.

Follow the steps below to apply for a Personal Loan to renovate your home:

  • Step 1 : Click on the “Apply Now” button.
  • Step 2 : Enter all the necessary financial and personal details accurately.
  • Step 3 : Upload a scanned copy of the necessary documents and click the ‘Submit’ button.

Once our representatives verify your application and the documents, you will receive the requested amount instantly in your bank account.

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Apply Online

Click on ‘Apply Now’ and complete the application form

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Quick approvals

Personal Details

Enter your DOB, qualification, and residential details

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Application Verification


Submit and upload all details for verification and assessment

Is it a good idea to get a Personal Loan for home renovation?

Since there are no end-use restrictions on this borrowed amount, you can use this money for renovating your home, paying medical bills, funding a dreaming wedding, travelling, and more. However, check the interest rate, calculate the monthly loan repayment amount, and other fees and charges to make a wise decision.

How can I apply for a Personal Loan for home renovation?

You can easily apply online for a Personal Loan for home renovation by following the steps mentioned below:

  • Step 1 : Click on the ‘Apply Now’ button.
  • Step 2 : Enter all the necessary financial and personal details accurately.
  • Step 3 : Upload a scanned copy of the necessary documents and click the ‘Submit’ button.

After your application and documents are verified, the amount will be disbursed directly to your bank account.

Who can apply for a home renovation loan?

Poonawalla Fincorp offers Personal Loan to:

  • Salaried individuals working in a reputed public or private firm.
  • Self-employed people who have their own venture and have adequate business vintage.
  • Working professionals such as doctors, CAs and Company Secretaries.
Can I claim a tax exemption on home renovation?

Yes, under Section 24(b) of the Income Tax Act, 1961, taxpayers in India can claim up to ₹30,000 tax exemption on a Personal Loan availed for home renovation. The tax deduction claim can only be made on the interest paid against the loan amount.

What are the interest rates and applicable charges for a Personal Loan for home renovation?

The applicable charges and interest rates for personal loans for home renovation vary across lenders. At Poonawalla Fincorp, we provide Personal Loan 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.

*Terms & Conditions Apply

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