Get An Urgent Loan for Home Renovation
A home renovation loan helps you transform your living space without dipping into your savings. Whether it’s interior work, structural repairs, or a complete home makeover, this Personal Loan provides the funds you need quickly and conveniently.
Enjoy quick approvals, flexible repayment terms, and easy EMIs, with loan amounts of up to ₹50 Lakh, interest rates starting at 9.99% p.a., and tenures of up to 84 months. Apply now!
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.
Why Choose Poonawalla Fincorp
Click here to know more about Personal Loan features and benefits.
Apply for a Personal Loan Online in Just 3 Steps
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.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
To apply for a Personal Loan for house renovation, applicants must meet the following conditions:
Age: 21-60 years.
Citizenship: Indian.
Monthly Salary: At least ₹30,000.
Employment: Full-time employment with a private or public limited company.
Work Experience: Minimum of 1 year, including 1 month at the current company.
Learn more about Personal Loan eligibility - click here.
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.
Poonawalla Fincorp offers loans at competitive interest rates and minimal charges:
|
Feature |
Details |
|
Interest Rate |
9.99%* p.a. onwards |
|
Loan Amount |
₹1 Lakh to ₹50 Lakh |
|
Loan Processing Fees |
Up to 3% of the loan amount + applicable taxes |
|
Lowest EMI Per Month |
Starts from ₹2,124* per Lakh for 60 months |
|
Loan Tenure |
12 – 84 months |
|
Prepayment / Foreclosure Charges |
Before the first 6 EMIs: Foreclosure or prepayment, including balance transfer, is 4% of the prepaid amount plus applicable taxes. After first 6 EMIs: Prepayment from own funds: Nil- Prepayment from other sources, including balance transfer: 4% of prepaid amount + applicable taxes |
|
Default Charges |
24% p.a. + taxes |
|
Repayment Instrument Dishonour Charges |
₹500 per bounce |
|
Stamp Duty |
As per state regulations |
|
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
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!
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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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.