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

Get a Personal Loan for Home Renovation

Transform your living space into the home of your dreams with a Personal Loan for home renovation. Whether you're planning a major change or a simple makeover, Poonawalla Fincorp provides you the flexibility to transform your home into a dream world. We offer unsecured personal loans at attractive interest rates with hassle-free paperwork, swift disbursal, and favourable terms. Apply now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Competitive
Interest Rate
Collateral-free
Loan
Minimal
Paperwork
Swift
Approval
Flexible
Repayment Terms

Personal Loan EMI Calculator

Plan your monthly repayments efficiently with our online EMI calculator. Just enter the loan amount, interest rate, and tenure. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

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

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan 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, 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

Eligibility Criteria for a Personal Loan for Home Renovation

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Monthly Salary: At least ₹30,000.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.

Documents Required for Personal Loan for Home Renovation

Provide the necessary documents:

  • 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 3 months.
  • Financial Documents: Bank statements for the last 3 months.
  • Employment Proof: Official email ID confirmation or employee ID card.

Interest Rate and Charges for a Home Renovation Loan

Poonawalla Fincorp offers loans at competitive interest rates and minimal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starts from ₹2,124* per Lakh for 60 months
Loan Tenure
12- 84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Ch
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
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

Different Uses of a Home Renovation Loan

  • Carrying out essential upgrades
  • Revamping the interior of your home
  • Remodelling your kitchen
  • Creating new room and space
  • Replacing doors and windows
  • Upgrading the flooring
     

Who Can Get a Personal Loan for Home Renovation

● Salaried individuals

● Salaried doctors

● Salaried Chartered Accountants

● Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Have all required documents ready
  • Check your credit score
  • Verify your eligibility 
  • Provide accurate and complete information 
  • Avoid multiple loan applications 
     

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

Can I get a Personal Loan without collateral?

Yes, Poonawalla Fincorp offers unsecured Personal Loan for home renovation.

How long does it take the disburse the loan amount?

You can get approval and disbursement instantly after successful verification and approval.  

Does Poonawalla Fincorp offer lower interest rates on their Personal Loan?

Yes. Poonawalla Fincorp offers loans for personal needs at competitive interest rates starting at 9.99%* p.a.