Personal Loan For Home Renovation

Personal LoanFor Home Renovation

Loan up to 50 Lakhs | Attractive Interest Rate | Quick Approval

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 ₹ 50 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.

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 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:

  • 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

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:

  • Your age
  • Citizenship
  • Work Experience
  • Monthly Income
  • Employer Category

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:

  • Proof of identity
  • Proof of address
  • Proof of employment
  • Proof of income

The list mentioned above is indicative. We may require some additional documents during loan processing.

  • Salaried individuals
  • Working professionals such as Chartered Accountants, Doctors, Company Secretaries
  • Self-employed persons

What is a personal loan for home renovation?

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.

Who can apply for a home renovation loan?

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.

What are the interest rates and applicable charges for personal loans for home renovation?

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.

Is it a good idea to borrow a personal loan for home renovation?

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.

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 “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

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