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Home Decor Finance - L&T Finance
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Home Decor Finance
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Transfer your home with our Home Decor Finance, offering loan from up to ₹ 75 Lakh* with repayment tenure from 1 year to 10 years. Get quick approval and start your renovation without any delay. Our loan can help you create your dream home with interest rates starting from just 11%* p.a. Our hassle-free processing helps you upgrade for comfort and style. With Home Decor Finance, your perfect home makeover is within reach.

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    Home Loan for Apartments

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    Plot Plus Construction

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    Home Loan for Self Construction

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    Home Improvement

Unlock the benefits of Home Decor Finance with simple eligibility, quick approvals, and flexible repayment options for your home improvement needs.

Loan Tenure

Flexible tenure ranging from 1 year to a maximum of 10 years

Loan Amount

Get loan starting from ₹ 3 Lakh* to ₹ 75 Lakh*

Guided Digital Experience

Smooth online application with personalised support available

Competitive Interest Rates

Repay your EMI easily with interest rate starting at 11%* p.a.

emi-calculator

EMI Calculator for Home Decoration Loan

To plan your expenses effectively, use our easy-to-use Home loan EMI Calculator designed for home decoration and interior upgrade needs.
Simply enter your required loan amount, tenure, and applicable interest rate to estimate your monthly EMI and understand the total repayment over the loan period.

Preferred loan amount

₹
₹3,00,000
₹75,00,000

Interest rate (per annum)

%
7%
13%

Loan tenure (months)

%
36 months
360 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
Apply Now

How to Apply for a Home Loan Online for Home Decor Finance

Apply for Home Decor Finance with these steps

  • 1. Apply Online in Minutes:

    Click on "Apply Now" and fill in the form with your personal details and other relevant information

  • 2. Connect with our representative

    Our representative will contact you with the details of the loan offer and collect your documents

  • 3. Eligibility and Document check

    Your eligibility will be checked and documents will be verified before processing the loan

  • 4. Configure your mode of repayments

    You can select your repayment mode and set up a convenient EMI payment schedule

  • 5. Get Loan Disbursement:

    Receive the loan amount directly into your account, ensuring convenient and smooth access to funds

Eligibility & Documents

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Eligibility Criteria for Home Decoration Loan

Check if you meet the eligibility criteria for Home loan with L&T Finance and understand the requirements to easily qualify for a home decoration loan.

Residency:

Must be an Indian resident

Age:

Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years

Profession:

Salaried / self-employed professionals and non-professionals

Other:

Can be increased by adding co-applicant income or other verifiable income sources

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Documents Required for a Home Decor Loan

The documentation requirements for Home Loan may vary based on your employment type, helping lenders assess eligibility accurately. Additional documents may be requested during final loan approval or disbursement for your home decoration or interior loan.

Age Proof

Aadhaar Card | PAN Card | Passport

Address Proof

Utility bills (not older than 2 months | Aadhaar Card | Driving License | Passport | Voter ID etc

Photo ID Proof

PAN and any one of the following- Aadhaar Card | Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address.

Income Proof

Income proofs vary for different professionals across salaried, non-salaried and self-employed.List of required income documents

Fees And Charges

Understand the complete list of fees and charges for Home Decor Finance, including processing fees, documentation costs, and other applicable charges for your home decoration or interior loan.

  • Processing Fees:

    Up to 2% of loan amount + applicable taxes

  • EMI Dishonour/Bounce Charge*
    *A bounce charge is a charge for
    (i) dishonour of any repayment instrument; or
    (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate

    As shown in the table below

Loan sanction amount (in INR)
Charges in (in INR)
< 5 lacs
Up to 500
5 – 50 Lacs
Up to 1000
>50 Lacs – 2 Cr
Up to 1500
>2 Cr
Up to 2000

  • Late Payment Charges/ Penal Charges

    Up to 2% per month (p.m.) on overdue EMI + applicable taxes

  • Part Prepayment Charges:

    Nil

  • Foreclosure Charges:

    Nil

  • Annual Maintenance Charges:

    Nil

  • Document retrieval / Duplicate NOC charges

    Duplicate NOC: Up to Rs. 500/- (charge is applicable for paper copy post 3 free copies per customer) + applicable taxes

  • Repayment instrument swap charge (per swap)

    Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)

  • Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit

    Nil

  • Loan Cancellation Charges

    Up to 5% on the outstanding loan amount + applicable taxes

  • Interest conversion fee

    Up to 0.5% on Balance Loan Amt (or) Minimum Rs.10,000/– whichever is higher + applicable taxes

  • Field collection service charge

    Up to Rs. 500/- per collection + applicable taxes

  • Legal fees and charges

    As per actuals or Up to Rs. 30,000/- whichever is lower + applicable taxes

  • Recovery charges

    As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes

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Looking to redesign your space?

Get easy funds with Home Decor Finance

Apply now