Home Loan for Renovation
A home renovation loan is one of the most beneficial home loan tools one can ask for. This guide will give you a general understanding of the Home Renovation Loans. This includes their features and benefits, eligibility criteria, required documents, fees or charges, and more. For a better understanding, some of the government schemes for home renovation loans and offers from the different banks are also included. You will also find some key tax benefits along the way.
- Personalized Home Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Home Loan Interest rate comparison
![](/_next/image?url=%2Fassets%2Fimages%2Fformbodybg.png&w=1920&q=75)
Table of Content
![](/_next/image?url=https%3A%2F%2Fwww.urbanmoney.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F07%2Fhasan-96x96.jpg&w=128&q=75)
![](/_next/image?url=https%3A%2F%2Fwww.urbanmoney.com%2Fblog%2Fwp-content%2Fuploads%2F2024%2F07%2FWhatsApp-Image-2024-07-10-at-15.23.18_6d977d09-96x96.jpg&w=128&q=75)
Home Loan for Renovation – An Overview
Your home is more than just a place to hang your hat; it’s your sanctuary, your canvas for creativity, and a reflection of your unique style. But what happens when you want to give it a fresh look or fix those leaky faucets, and your savings fall short? This is where the magic of home renovation loans comes into play. Home renovation loans are financial tools designed to help you turn your dream home into a reality. Whether it’s a modern kitchen makeover, a cosy bedroom retreat, or essential repairs to keep your dwelling safe and comfortable, these loans can be the key to transforming your living space.
In this comprehensive guide, we’ll take a closer look at home renovation loans, how they work, and the benefits that can be avail by homeowners like you. You can also address these loans as ‘Home Improvement Loans’ or ‘House Remodel Loans’. From understanding the different government schemes for renovation loans to tax benefits that will be best for your needs, this guide has got you covered on your journey to a better, more beautiful home. So, let’s take a step forward and explore the realm of home loans for renovation together.
Eligibility Criteria for Home Renovation Loan
Here are the general eligibility criteria that one should meet before applying for a House Renovation Loan:
- Age: The age of a salaried individual must be between 23 to 75 years. A self-employed individual can apply for a home loan for renovation if the individual’s age ranges from 25 to 70 years.
- Employment: Salaried employees should have a minimum of 3 years of employment experience. Applying for this home loan requires a minimum of 5 years of business vintage.
- Credit Score: A healthy credit score is necessary to apply for a Home Renovation Loan. Generally, banks and NBFCs prefer candidates who have a credit score of 750 and above.
- Income: Banks and NBFCs regularly check and verify the income of the individuals applying for a home loan of ₹60 Lakh. Income should be sufficient for EMIs that need to be paid by the borrower.
- Loan Tenure: Any individual who is applying for a home loan within available loan tenure is acceptable by the banks and NBFCs.
- Documents: Every applicant must possess all the necessary documents required to apply for a Home Renovation Loan.
Benefits and Features
A home renovation loan typically offers several features and benefits. Some are mentioned below:
Features
- Amount of Loan: A wide range of expenses can be covered with a home loan for renovation. These expenses range from minor repairs to major remodelling projects. The loan amount depends on your financial needs from the loan and the policies of the lender organisation or the bank.
- Flexible Terms: You are allowed to choose from various repayment terms, allowing you to adjust the loan amount with your budget.
- Rates of Interest: Depending on the type of loan (e.g., personal loan, home equity loan), you can find interest rates that are competitive and lower than credit cards or unsecured loans. This completely depends on the type of loan and the bank’s policies.
- Secured and Unsecured loans: You can apply for secured loans using your home as collateral. Also, depending on your financial situation and risk tolerance, you can apply for unsecured loans (no collateral required).
- Tax Benefits: Some home renovation loans, like home equity loans or lines of credit, may offer tax benefits on the interest that will be paid. This will potentially reduce your overall cost.
Benefits
- Home Estimation Improvement: Redesigns can give development to your home’s reasonable worth, possibly permitting you to utilise the venture while selling.
- Solace and Decency: Home remodels can make your residing space more agreeable, practical, and charming.
- Energy Productivity: Energy-proficient changes can be integrated into redesigns, reducing utility expenses and less natural impacts.
- Personalisation: Your home can be changed to all the more likely accommodate your inclinations and lifestyle.
- Staying away from Conceded Support: Making dire fixes can keep away from greater, more costly issues later on.
- Comfort: Supporting your remodels with devoted credit can improve the planning system and guarantee you have the assets expected to finish the task.
It’s crucial to research different loan options, compare interest rates, terms, and eligibility requirements from various lenders, and carefully consider your financial situation before selecting a home renovation loan. You can also consult with a financial advisor or lender to determine the best option for your specific needs and circumstances.
Apply Home Loan For Different Property Types
Documents Required For House Renovation Loan
All the required documents for the Home Renovation Loan are mentioned below:
- Identity Proof: Applicants are required to provide one of the documents for proof of identity. These documents include a Driver’s License, Voter ID, Passport, and Aadhar Card.
- Income: These documents are required to verify the income of the applicant. These documents include the latest salary slip from the existing employer, ITR of last year, bank statement, P/L statement or balance sheet.
- Address: Documents required to verify the applicant’s address are address-proof documents. These documents are utility bills, passports, rental agreements, etc.
- Age: Documents required to verify the applicant’s age are age-proof documents. Documents required for the age proof are a birth certificate, Aadhar Card, and Voter ID.
Fees and Charges
Below are the general fees and charges that are applicable for a Home Renovation Loan:
Fees and Charges | Amount |
Processing Fee | Up to 2% of the loan amount |
Pre-payment charges | Vary from lender to lender |
Home improvement loan interest rates | Starts from 6.85% .p.a |
Switching charges from fixed to floating interest rates | Starts from 0.25% of outstanding balance |
CIBIL Charges | Depends on the bank’s policies |
CERSAI charges | Depends on the bank’s policies |
Home Renovation Loan Government Schemes
The government introduced some home remodel loan schemes that helped different classes of people improve their houses. These home renovation government schemes are mentioned below:
Pradhan Mantri Awas Yojna
Pradhan Mantri Awas Yojna, or PMAY-Urban, is a government scheme introduced in 2015. This scheme offers interest rate subsidies to the residents of India. Features of this scheme also include economic growth, quality life improvement, affordable loan prices, implementation area, etc.
Dr. B.R. Ambedkar Awas Navinikarn Yojna
This scheme is available for residents of Haryana only. Individuals who fall below the poverty line can avail of this scheme for home improvement. This scheme requires the applicant to own a house for at least 10 years.
HUDCO Niwas
The Housing and Urban Development Corporation (HUDCO) offers home improvement loans at affordable interest rates for house improvement or renovation purposes. HUDCO Niwas offers loan amounts up to Rs. 1 Crore and a maximum of 25 years as a loan term.
Maharashtra Housing and Area Development Authority Scheme (MHADA)
MHADA runs a house renovation plan to work with reasonable living for everybody. The plan is worked through a lottery framework. A specific number of houses are saved for the MHADA renovation plan. House improvement loans are available for applicants who have a house with various repayment plans depending on lottery draw results. These houses cost between ₹15.35 Lakhs and ₹1.42 crore.
Tax Benefits of Home Loan for Renovation
A Home Loan for Renovation benefits the applicant in tax savings as well. Below are the tax benefits that you can avail of with a Home Improvement Loan:
- Interest Derivation: Under Segment 24(b) of the Income Tax Act, you could guarantee a derivation on the interest paid on the loan taken for home remodel. The greatest derivation permitted depends on ₹2 lakh each year for a self-involved property.
- Head Repayment: The principal sum repayment on the home renovation loan can be qualified for a derivation under Segment 80C of the Income Tax Act, dependent upon the highest limit of ₹1.5 lakh each year, alongside other qualified speculations.
- Joint Loans: If you brought a joint home loan for renovation with a relative, both co-borrowers could get derivations independently inside their separate limits.
- Finish Testament: To guarantee these derivations, getting a completion declaration for the renovation work from the related specialists is essential.
By Professions
By Amount
By CIBIL Score
By Salary
By Other
Home Renovation Loan Offers
Below are some of the home renovation loan offers from various reputed banks and NBFCs:
SBI Home Renovation Loan
Below is some information about the SBI home renovation loan:
- Benefits: State Bank of India offers home loans for renovation with low interest rates, zero hidden charges, zero pre-payment charges and more.
- Eligibility: Any Indian citizen can apply for an SBI home renovation loan. Applicant should have a minimum age of 18 years and a maximum age of 70 years by the time of loan maturity. You can get a loan term of up to 30 years.
- Fees and Charges: The general processing fee for an SBI home renovation loan starts at 0.35% of the loan amount or a minimum of ₹2000 and a maximum of ₹10,000. Interest rates of SBI home loans for renovation start from 9.15%.
HDFC Home Renovation Loan
Below is some information about HDFC Bank home renovation loan:
- Benefits: HDFC Bank offers home loans for renovation with minimal paperwork, flexible EMIs, competitive interest rates and more.
- Eligibility: Any Indian citizen can apply for an HDFC Bank home renovation loan. Applicant should have a minimum age of 21 years and a maximum age of 60 years by the time of loan maturity. You can get a loan term of up to 30 years.
- Fees and Charges: The general processing fee for an HDFC Bank home renovation loan starts at ₹4,999 + GST. Interest rates of HDFC Bank home loans for renovation range from 10.50% to 25% of the loan amount.
ICICI Home Renovation Loan
Below is some information about ICICI Bank home renovation loan:
- Benefits: ICICI Bank offers home loans for renovation with quick approval, available for all homeowners, tax benefits and more.
- Eligibility: Any Indian citizen can apply for an ICICI Bank home renovation loan. Applicant should have a minimum age of 23 and a maximum age of 60 by the time of loan maturity. You can get a loan term of up to 20 years.
- Fees and Charges: The general processing fee for an ICICI Bank home renovation loan starts at 0.75% of the loan amount or a minimum of ₹11,000 and KYC charges of ₹2,000. Interest rates of ICICI Bank home loans for renovation start from 11.25%.
Axis Bank Home Renovation Loan
Below is some information about Axis Bank home renovation loan:
- Benefits: Axis Bank offers home loans for renovation with low interest rates, zero hidden charges, low pre-payment charges and more.
- Eligibility: Any Indian citizen can apply for an Axis Bank home renovation loan. Applicant should have a minimum age of 21 years and a maximum age of 60 by the time of loan maturity. You can get a loan amount of up to ₹40 Lakhs.
- Fees and Charges: The general processing fee for an Axis Bank home renovation loan starts at 0.45% of the loan amount. Interest rates of Axis Bank home loan for renovation start from 9.15% of the loan amount.
Bank of Baroda Home Renovation Loan
Below is some information about the BOB home renovation loan:
- Benefits: BOB offers home loans for renovation with impressive interest rates, insurance cover, simple processing and more.
- Eligibility: Any Indian citizen can apply for a BOB home renovation loan. Applicant should have a minimum age of 21 years. You can get a loan amount of up to ₹10 Crore.
- Fees and Charges: The general processing fee for a BOB home renovation loan starts at 0.35% of the loan amount. Interest rates of BOB home renovation loans start from 6.50% of the loan amount.
LIC HFL Home Renovation Loan
Below is some information about LIC HFL home renovation loan:
- Benefits: LIC HFL offers home loans for renovation with quick sanction, low EMI, online application and more.
- Eligibility: Any Indian citizen can apply for an LIC HFL home renovation loan. Applicant should have a minimum age of 18 years and a maximum age of 65 years by the time of loan maturity.
- Fees and Charges: The general processing fee for a LIC HFL home renovation loan starts at 0.30% of the loan amount. Interest rates of LIC HFL home loan for renovation start from 9.60% of the loan amount.
Apply Home Loan in Your City
![](/_next/image?url=%2Fassets%2Fimages%2FHDFCBanner.png&w=640&q=75)
About Home Loan
- 25 Lakh Karnataka Bank Home Loan
- 40 Lakh Karnataka Bank Home Loan
- 30 Lakh Karnataka Bank Home Loan
- 5 Crore IDBI Bank Home Loan
- 85 Lakh IDBI Bank Home Loan
- 4 Crore IDBI Bank Home Loan
- 3 Crore IDBI Bank Home Loan
- 90 Lakh IDBI Bank Home Loan
- 75 Lakh IDBI Bank Home Loan
- 55 Lakh IDBI Bank Home Loan
- 2 Crore IDBI Bank Home Loan
- 65 Lakh IDBI Bank Home Loan
- 80 Lakh IDBI Bank Home Loan
- 45 Lakh IDBI Bank Home Loan
- 1 Crore IDBI Bank Home Loan
- 10 Lakh IDBI Bank Home Loan
- 15 Lakh IDBI Bank Home Loan
- 25 Lakh IDBI Bank Home Loan
- 40 Lakh IDBI Bank Home Loan
- 50 Lakh IDBI Bank Home Loan
Loans
- 30 Lakh Home Loan EMI
- Yes Bank Personal Loan of 9 Lakh
- BOB Housewife Personal Loan
- ICICI Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 2 Lakh
- HSBC Bank Small Loans
- RBL Bank Personal Loan of 2 Lakh
- IDFC First Bank Personal Loan Balance Transfer
- Union Bank of India Personal Loan of 9 lakh
- Indusind Bank Personal Loan of 6 Lakh
- Indian Bank small loans
- IDBI Bank Salaried Employee Personal loan
- 20 Lakh Home Loan EMI
- Union Bank of India Personal Loan of 8 lakh
- HSBC Bank Overdraft Loan
- HSBC Bank Personal Loan Transfer
- Yes Bank Travel Loan
- Kotak Travel Loan
- HDFC Personal Loan of 2 Lakh
- Canara Travel Loan
- HDFC Personal Loan of 4 Lakh
- SBI Personal Loan of 20,000
- Bank Of Baroda Small Loans
- RBL Bank Travel Loan
- SBI Personal Loan of 3 Lakh
- IndusInd Bank Medical Loan
- SBI Personal Loan of 5000
- SBI Personal Loan of 4 Lakh
- SBI Personal Loan of 40000
- BOB Personal Loan of 7 Lakh
- SBI Personal Loan of 7 Lakh
- SBI Personal Loan of 10 Lakh
- BOB Personal Loan of 50000
- BOB Personal Loan of 10 Lakh
- HSBC Bank Medical Loan
- HDFC Personal Loan of 3 Lakh
- Canara Bank Housewife Personal Loan
- HDFC Personal Loan of 5 Lakh
- SBI Personal Loan of 10000
- SBI Personal Loan of 25000
- Canara Bank Students Personal Loan
- PNB Bank Medical Loan
- ICICI Personal Loan of 10000
- ICICI Personal Loan of 5000
- ICICI Personal Loan of 15000
- HDFC Personal Loan of 1 Lakh
- BOB Personal Loan for Doctors
- BOB Personal Loan of 2 Lakh
- BOB Bank Wedding Loan
- HDFC Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 5 Lakh
- SBI Personal Loan of 15,000
- ICICI Personal Loan of 20000
- SBI Personal Loan of 30000
- ICICI Personal Loan of 50000
- SBI Personal Loan of 50000
- ICICI Personal Loan of 1 Lakh
- SBI Personal Loan of 1 Lakh
- SBI Personal Loan of 2 Lakh
- Indian Bank Medical Loan
- SBI Personal Loan of 5 Lakh
- SBI Personal Loan of 6 Lakh
- SBI Personal Loan of 8 Lakh
- ICICI Personal Loan of 2 Lakh
- SBI Personal Loan of 9 Lakh
- BOB Personal Loan of 10000
- BOB Personal Loan of 40000
- Bank of India Medical Loan
- BOB Personal Loan of 1 Lakh
- ICICI Personal Loan of 3 Lakh
- BOB Personal Loan of 8 Lakh
- BOB Personal Loan of 9 Lakh
- Bank of Maharashtra Wedding Loan
- Canara Bank Self Employed Personal Loan
- Karnataka Bank Wedding Loan
- Kotak Personal Loan for Wedding
- Indusind Bank Salaried Employee Personal loan
- Union Bank Students Personal loan
- Federal Bank Personal Loan of 3 Lakh
- ICICI Personal Loan of 10 Lakh
- Indusind Bank Personal Loan of 40000
- Indusind Bank Personal Loan of 8 Lakh
- Indusind Bank Personal Loan of 9 Lakh
- Union Bank of India Personal Loan of 2 lakh
- IDBI Bank Personal Loan of 50000
- Axis Bank Personal Loan of 40000
- Punjab Sind Bank overdraft loan
- Karnataka Bank Travel Loan
- Punjab & Sind Bank Medical Loan
- Federal Bank Medical Loan
- Canara Bank Short-Term loan
- Union Bank Small Personal Loan
- Federal Bank Travel Loan
- ICICI Bank Personal Loan Balance Transfer
- ICICI Personal Loan for Wedding
- Union Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 10 Lakh
- Yes Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 4 lakh
- SBI Bank Personal Loan Balance Transfer
- RBL Bank Government Employees Personal loan
- Axis Bank Asha Home Loan Scheme
- Canara Bank Personal Loan for Wedding
- Kotak Mahindra Bank Personal Loan of 7 lakh
- Home Loan for 70000 Salary
- ICICI Credit Card Application Status
- Indusind Bank Senior Citizens/Pensioners Personal loan
- Indusind Bank Students Personal loan
- Indusind Bank Personal Loan for Doctors
- Union Bank of India Personal Loan of 1 lakh
- Axis Bank Personal Loan of 5000
- Axis Bank Personal Loan of 10000
- Axis Bank Personal Loan of 15000
- Indian Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 50000
- Axis Bank Personal Loan of 1 lakh
- Union Bank Self Employed Personal loan
- Indusind Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 1 Lakh
- Union Bank Government Employees Personal loan
- Union Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 7 Lakh
- Union Bank of India Personal Loan of 5 lakh
- ICICI Personal Loan of 4 Lakh
- BOB Students Personal Loan
- Axis Bank Personal Loan of 2 lakh
- Axis Bank Personal Loan of 3 lakh
- Union Bank Housewife Personal loan
- Federal Bank Personal Loan of 6 Lakh
- Axis Bank Personal Loan of 4 lakh
- Axis Bank Personal Loan of 5 lakh
- Indian Bank Personal Loan of 8 lakh
- Canara Bank Small Personal Loan
- Axis Bank Personal Loan of 6 lakh
- Axis Bank Personal Loan of 7 lakh
- Karur Vysya Bank short term personal loan
- Axis Bank Personal Loan of 8 lakh
- Union Bank Salaried Employee Personal loan
- Yes Bank Home Loan Eligibility Calculator
- 1 crore Home Loan EMI
- 50 Lakh Home Loan EMI
- 25 Lakh Home Loan EMI
- Union Bank Home Loan Eligibility Calculator
- HDFC Personal Loan of 10000
- HDFC Senior Citizen Personal Loan
- HDFC Government Employees Personal Loan
- HDFC Salaried Employee Personal Loan
- Yes Bank Personal Loan of 2 Lakh
- HDFC Personal Loan for Doctors
- Indusind Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 6 lakh
- HDFC Personal Loan for lawyers
- SBI Personal Loan Eligibility Calculator
- RBL Bank Personal Loan of 10 Lakh
- IDFC First Bank Personal Loan of 2 Lakh
- Axis Senior Citizen Personal Loan
- Yes Bank Government Employee Personal loan
- Axis Government Employees Personal Loan
- Axis Salaried Employee Personal Loan
- Indian Bank Personal Loan of 10 lakh
- Indian Bank Salaried Employee Personal loan
- IDBI Bank Personal Loan of 40000
- Karnataka Bank small loans
- IDFC First Bank Personal Loan of 1 Lakh
- Canara Bank Personal Loan of 9 Lakh
- 10 Lakh SBI Home Loan
- Indian Bank Personal Loan of 9 lakh
- Canara Bank Personal Loan of 7 Lakh
- Axis Students Personal Loan
- Kotak Mahindra Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan for Lawyers
- Karnataka Bank overdraft loan
- Canara Bank Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 50000
- Union Bank Senior Citizens/Pensioners Personal loan
- Federal Bank Salaried Employee Personal loan
- RBL Bank Personal Loan of 7 Lakh
- RBL Bank Personal Loan Transfer
- RBL Bank Personal Loan of 8 Lakh
- Canara Bank Personal Loan of 10 Lakh
- BOB Salaried Employee Personal Loan
- Axis Bank Fast Forward Home Loan Scheme
- ICICI Bnak Self Employed Personal Loan
- IDFC First Bank Personal Loan of 5000
- Yes Bank Personal Loan of 7 Lakh
- ICICI Bnak Personal Loan for Doctors
- Federal Bank Students Personal loan
- 80 Lakh Home Loan EMI
- RBL Bank Personal Loan of 50000
- IDFC First Bank Personal Loan of 10000
- RBL Bank Personal Loan of 9 Lakh
- IDFC First Bank Personal Loan of 20,000
- Indian Bank Government Employees Personal loan
- IDFC First Bank Personal Loan of 25000
- RBL Bank Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 40000
- SBI Government Employees Personal Loan
- Yes Bank Self Employed Personal loan
- SBI Salaried Employee Personal Loan
- SBI Students Personal Loan
- SBI Housewife Personal Loan
- SBI Self Employed Personal Loan
- Yes Bank Students Personal loan
- SBI Personal Loan for Doctors
- Indiabulls Home Loan Eligibility Calculator
- SBI Personal Loan for Lawyers
- Kotak Mahindra Bank Personal Loan of 5 Lakh
- Yes Bank Personal Loan of 4 Lakh
- BOB Senior Citizen Personal Loan
- IDFC First Bank Personal Loan of 50000
- Axis Bnak Personal Loan for Doctors
- Axis Bnak Self Employed Personal Loan
- Union Bank of India Personal Loan of 40000
- Axis Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 50000
- Yes Bank Personal loan for Doctors
- Federal Bank Personal Loan of 8 Lakh
- Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 6 Lakh
- Indusind Bank Personal Loan of 10 Lakh
- Kotak Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 8 Lakh
- Federal Bank Personal Loan of 5 Lakh
- Canara Bank Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 9 Lakh
- Holi 2024
- Union Bank of India Personal Loan of 7 lakh
- Indusind Bank Personal Loan of 2 Lakh
- Indusind Bank Personal Loan of 50000
- Axis Bank Personal Loan of 30000
- Yes Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 5 Lakh
- Federal Bank Self Employed Personal loan
- RBL Bank Personal Loan of 1 Lakh
- IDBI Bank Flexi Loan
- Canara Bank Salaried Employee Personal loan
- ICICI Personal Loan of 7 Lakh
- PNB Personal Loan of 50000
- Yes Bank Salaried Employee Personal loan
- Yes Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan of 40000
- PMEGP Loan
- ICICI Personal Loan of 6 Lakh
- HDFC Bank Personal Loan Balance Transfer
- BOB Self Employed Personal Loan
- IDFC First Bank Personal Loan of 10 Lakh
- Federal Bank Housewife Personal loan
- Kotak Bank Housewife Personal Loan
- PNB Personal Loan of 3 Lakh
- Kotak Bank Personal Loan for Lawyers
- Canara Bank Personal Loan for Senior Citizens
- Canara Medical Loan
- HDFC Personal Loan of 15000
- Axis Travel Loan
- RBL Bank Salaried Employee Personal loan
- Yes Bank Housewife Personal loan
- Home Loan for 40000 Salary
- 15 Lakh Home Loan EMI
- Indian Bank Personal Loan of 1 lakh
- 70 Lakh Home Loan EMI
- Canara Bank Personal Loan for Doctors
- Kotak Mahindra Bank Personal Loan of 9 lakh
- RBL Bank Self Employed Personal loan
- Personal Loan for Government Employees
- Canara Bank Personal Loan for Lawyers
- IDFC Personal Loan for Senior Citizens
- IndusInd Bank Overdraft Loan
- HDFC Personal Loan of 20000
- Federal Bank Personal Loan of 9 Lakh
- ICICI Bank Overdraft Loan
- PNB Personal Loan of 4 Lakh
- Indusind Bank Personal Loan of 30000
- HDFC Personal Loan of 50000
- Personal Loan of 20 Lakh
- PNB Personal Loan for Doctors
- Personal Loan for CIBIL Score 650
- Personal Loan for CIBIL Score 650
- Bank of Maharashtra personal loan transfer
- HSBC Bank Flexi Loan
- SBI Overdraft Loan
- Federal Bank Overdraft Loan
- Union Bank Flexi Loan
- HDFC Bank Overdraft Loan
- Personal Loan for CIBIL Score of 700
- IDBI Bank Senior Citizens/Pensioners Personal loan
- IDFC Salaried Employee Personal Loan
- 4 Crore Home Loan EMI
- 55 Lakh Home Loan EMI
- IDFC First Bank Overdraft Loan
- Axis Bank Overdraft Loan
- PNB short term personal loan
- Kotak Bank Overdraft Loan
- Union Bank Personal Loan Transfer
- Yes Bank Overdraft Loan
- Canara Bank Overdraft Loan
- ICICI Bank Flexi Loan
- Indian Bank Personal Loan of 5 lakh
- SBI Flexi Loan
- Kotak Bank Flexi Loan
- Loans
- Bank of India Senior Citizens Personal Loan
- Yes Bank Flexi Loan
- ICICI Personal Loan of 8 Lakh
- HDFC Personal Loan of 25000
- Federal Bank Personal Loan for Doctors
- ICICI Personal Loan of 9 Lakh
- IDBI Bank Government Employees Personal loan
- Canara Bank Flexi Loan
- 10 Lakh Home Loan EMI
- Indian Bank Personal Loan of 2 lakh
- 40 Lakh Home Loan EMI
- 2 crore Home Loan EMI
- ICICI Bank Short Term Loan
- SBI Short Term Loan
- Indian Bank overdraft loan
- IDFC First Bank Short Term Loan
- Axis Bank Short Term Loan
- Yes Bank Short Term Loan
- Union Bank of India Personal Loan of 30000
- Kotak Bank Short Term Loan
- BOB Personal Loan for Lawyers
- SBI Small Personal Loan
- HDFC Bank Small Personal Loan
- Federal Bank Personal Loan of 2 Lakh
- Indusind Bank Self Employed Personal loan
- IDBI Bank Personal Loan of 2 Lakh
- IDFC Students Personal Loan
- Indusind Bank Government Employees Personal loan
- IDFC First Bank Small Personal Loan
- Bank of Maharashtra Government Employees Personal Loan
- Axis Bank Personal Loan of 50000
- Bank of India Government Employees Personal Loan
- Axis Bank Small Personal Loan
- RBL Bank Flexi Loan
- Kotak Bank Small Personal Loan
- Bank of India Students Personal Loan
- IDFC Government Employees Personal Loan
- RBL Bank Personal Loan of 30000
- IDFC Housewife Personal Loan
- IDFC Home Loan Eligibility Calculator
- IDBI Bank Personal Loan for Lawyers
- IDFC Self Employed Personal Loan
- IDFC Personal Loan for Doctors
- HSBC Bank Wedding Loan
- Bank of India Self Employed Personal Loan
- IDFC Personal Loan for Lawyers
- Kotak Bank Salaried Employee Personal Loan
- HSBC Bank Travel Loan
- PNB Bank Travel Loan
- BOB Bank Medical Loan
- BOB Bank Travel Loan
- Union Bank Travel Loan
- Kotak Mahindra Bank Personal Loan of 10 lakh
- Indusind Bank Personal Loan of 4 Lakh
- ICICI Bnak Personal Loan for Lawyers
- Bank of Maharashtra Personal Loan of Rs. 5 Lakh
- Home Loan for 20000 Salary
- PNB Students Personal Loan
- Bank of Maharashtra overdraft loan
- Indusind Bank Short Term Personal Loan
- Bank Of Baroda Overdraft Loan
- Yes Bank Small Personal Loan
- RBL Bank Wedding Loan
- Bank of India Personal Loan for Doctors
- IndusInd Bank Wedding Loan
- ICICI Bank Small Personal Loan
- IndusInd Bank Travel Loan
- Bank of India Personal Loan for lawyers
- PNB Bank Wedding Loan
- Union Bank Wedding Loan
- Indian Bank Travel Loan
- Bank of India Wedding Loan
- PNB Senior Citizens/Pensioners Personal loan
- Bank of India Travel Loan
- Indian Bank Personal Loan of 6 lakh
- Bank of Maharashtra Medical Loan
- Bank Of Maharashtra Travel Loan
- Karnataka Bank Medical Loan
- Bank of Maharashtra small loans
- Punjab & Sind Bank Wedding Loan
- Karur Vysya Bank Medical Loan
- IDBI Bank Personal Loan of 30000
- Axis Super Save Home Loan Scheme
- 35 Lakh Home Loan EMI
- Karur Vysya Bank Wedding Loan
- HDFC Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 50000
- Bank of Maharashtra Senior Citizens Personal Loan
- ICICI Personal Loan for Senior Citizen
- IDBI Bank small loans
- HDFC Personal Loan of 8 Lakh
- Bank of Maharashtra Personal Loan for Doctors
- BOB Personal Loan of 15,000
- 60 Lakh Home Loan EMI
- IDBI Bank Personal Loan for Doctors
- BOB Personal Loan of 20,000
- Karnataka Bank Government Employees Personal Loan
- BOB Personal Loan of 25000
- BOB Personal Loan of 30000
- BOB Personal Loan of 6 Lakh
- RBL Bank Housewife Personal loan
- BOB Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 3 Lakh
- Indian Bank Students Personal loan
- Indian Bank Personal Loan of 7 lakh
- BOB Personal Loan of 5 Lakh
- ICICI Salaried Employee Personal Loan
- Kotak Bank Self Employed Personal Loan
- Kotak Mahindra Bank Personal Loan of 5000
- Axis Bank Personal Loan Balance Transfer
- Kotak Mahindra Bank Personal Loan of 10000
- Karur Vysya Bank overdraft loan
- IDBI Bank Personal Loan of 1 Lakh
- Kotak Mahindra Bank Personal Loan of 40000
- PNB Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 8 Lakh
- RBL Bank Small Loan
- Kotak Bank Personal Loan for Doctors
- Home Loan for 30000 Salary
- ICICI Government Employee Personal loan
- Home Loan for 50000 Salary
- Home Loan for 60000 Salary
- Yes Bank Small Personal Loan
- Kotak Mahindra Bank Personal Loan of 1 lakh
- Canara Bank Personal Loan of 5000
- Canara Bank Personal Loan of 10000
- PNB Salaried Employee Personal loan
- Indusind Bank Personal Loan Transfer
- Canara Bank Personal Loan of 15,000
- Canara Bank Personal Loan of 20,000
- Canara Bank Personal Loan of 25000
- HSBC Bank Short Term Personal Loan
- Canara Bank Personal Loan of 30000
- Canara Bank Personal Loan of 40000
- Bank Of India short term personal loan
- Indusind Bank Small Loans
- Axis Bnak Personal Loan for Lawyers
- Federal Bank Short Term Personal Loan
- Punjab & Sind Bank Travel Loan
- Indusind Bank Flexi Loan
- Yes Bank Personal Loan of 40000
- Indian Bank Personal Loan of 4 lakh
- Indian Bank Personal Loan for Lawyers
- Canara Bank Personal Loan of 50000
- Canara Bank Personal Loan of 1 Lakh
- Union Bank Short Term Personal Loan
- Union Bank overdraft loan
- Canara Bank Personal Loan of 2 Lakh
- Karur Vysya Bank small loans
- Canara Bank Personal Loan of 3 Lakh
- IDBI Bank Self Employed Personal loan
- RBL Bank Medical Loan
- Canara Bank Personal Loan of 4 Lakh
- HDFC Personal Loan of 30000
- Canara Bank Personal Loan of 5 Lakh
- Federal Bank Wedding Loan
- Federal Bank Salaried Employee Personal Loan
- Axis Personal Loan for Wedding
- HDFC Personal Loan for Wedding
- SBI Personal Loan for Medical
- IDBI Bank Travel Loan
- Yes Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 5 Lakh
- SBI Personal Loan for Wedding
- HDFC Personal Loan of 5000
- IDBI Bank Wedding Loan
- DBI Bank Medical loan
- RBL Bank Students Personal loan
- HDFC Personal Loan of 40000
- 45 Lakh Home Loan EMI
- Karur Vysya Bank Travel Loan
- Union Bank of India Personal Loan of 10 lakh
- Canara Bank Personal Loan of 8 Lakh
- RBL Bank Overdraft Loan
- RBL Bank Personal Loan of 3 Lakh
- RBL Bank Personal Loan of 4 Lakh
- PNB Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 5 Lakh
- PNB Government Employees Personal loan
- IDBI Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Navi Personal Loan Eligibility Calculator
- Axis Bank Personal Loan of 20000
- RBL Bank Short Term Personal Loan
- Bank Of India overdraft loan
- BOB Government Employees Personal Loan
- 5 Crore Home Loan EMI
- Canara Bank Government Employees Personal Loan
- ICICI Personal Loan of 5 Lakh
- IDBI Bank Students Personal loan
- IDBI Bank Personal Loan of 4 Lakh
- Axis Bank Empower Home Loan Scheme
- 85 Lakh Home Loan EMI
- HDFC Personal Loan for Medical
- Indian Bank Personal Loan of 3 lakh
- PNB Personal Loan of 1 Lakh
- Kotak Bank Government Employees Personal Loan
- Axis Bank Personal Loan of 10 lakh
- Bank of India Salaried Employee Personal Loan
- PNB Personal Loan of 40000
- IDBI Bank Personal Loan of 3 Lakh
- IDFC First Medical Loan
- ICICI Medical Loan
- Axis Bank Personal Loan For Medical
- Yes Bank Personal Loan for Wedding
- IDFC First Personal Loan for Wedding
- Kotak Medical Loan
- Yes Bank Medical Loan
- Indusind Bank Personal Loan of 3 Lakh
- Home Loan
- Personal Loan
- Loan Against Property
- Business Loan
- Federal Bank Personal Loan for Lawyers
Most Popular on Urban Money
Investment
Financial Calculators
Check Eligibility
Frequently Asked Questions (FAQs)
What is the maximum limit for a home renovation loan for repairs?
The maximum loan amount depends on the bank and NBFCs. Generally, the maximum loan amount ranges from ₹50 lakhs to ₹1 crore.
Does a home renovation loan come under Section 80(c) of the Income Tax Act?
A loan taken to renovate a current house after the home renovation loan is approved or after the house has been let out/involved isn’t qualified for tax derivations under Section 80C.
What are the government schemes under home renovation loans?
Below are some government schemes under home renovation loans:
- Pradhan Mantri Awas Yojna
- Dr. B.R. Ambedkar Awas Navinikarn Yojna
- Maharashtra Housing and Area Development Authority Scheme (MHADA)
- HUDCO Niwas