Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

EMI Calculator for Home Renovation Loan

Use the home renovation loan EMI Calculator to calculate your payment. Just enter the loan amount, interest rate, and repayment term, and your EMI is calculated in real time. The tool helps you budget your home improvement costs and select a repayment tenure that fits your budget.

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99%
30%

Tenure

Months
12 Months
84 Months

Why Choose Poonawalla Fincorp

Loan icon High
Loan Amount
interest rate icon Competitive
Interest Rate
collateral icon Collateral-free
Loan
document icon Minimal
Paperwork
quick icon Swift
Approval
emi icon Flexible
Repayment Terms

Click here to know more about Personal Loan features and benefits.

Apply for a Personal Loan Online in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

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

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Submit the following documents to apply for this loan:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Salary slips for the last 1 month.
  • Financial Documents: Bank statements for the last 3 months.
  • Employment Proof: Official email ID confirmation or employee ID card.

Click to access the complete list of Personal Loan documents required.

Here are some uses of a home renovation loan:

  • Carrying out essential upgrades
  • Revamping the interior of your home
  • Remodelling your kitchen
  • Creating a new room and space
  • Replacing doors and windows
  • Upgrading the flooring
  • Salaried individuals
  • Salaried doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries
  • Have all required documents ready
  • Check your credit score
  • Verify your eligibility 
  • Provide accurate and complete information 
  • Avoid multiple loan applications 

Get a home renovation loan with competitive interest rates, extended flexible repayment options, and minimal documentation. Fund your home improvement projects with ease and convenience. Turn your dream home into reality, apply for a Personal Loan or home renovation loan today!

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

The home renovation loan is an unsecured Personal Loan, which is used for renovating the house, whereas the housing loan is a secured loan that is used to buy a house.

Yes, for self-employed persons, it is possible to take out a home renovation loan by submitting income documents of ITR and bank statements.

The loan eligibility is based on income, current liabilities, credit rating, employment stability, and ability to repay the loan.

You need not pay any foreclosure fees when you pay off the loan through your personal financing after making six EMI payments.

A home renovation loan has the highest tenure of 84 months with elastic repayment terms.

Home renovation loan up to ₹50 Lakh is available to you, depending on your income and repayment ability.

No, a Home renovation loan is not a secured loan, and it does not need security or the guarantee of a property.

The interest rate on a home renovation loan starts at 9.99% p.a. and varies based on your credit profile.

Yes, the earnings of co-applicants can allow you to have a higher loan volume and a higher eligibility for your loan.

The loan is immediately transferred to your bank account within a matter of days after hassle-free documentation and fast processing of the loan.