Personal Loan for Home Renovation

No. The personal loan for home renovation is an unsecured loan, and it requires no collateral or guarantor, making it ideal as a home interior loan.

You can conveniently apply online through the L&T Finance website or the PLANET app, which offers a streamlined and paperless process from application to disbursal for various home improvement loans.

Loan amounts for Personal Loan for Home Renovation range up to ₹ 30 Lakh.

Interest rates start from 11% per annum, subject to credit evaluation and the applicant’s risk profile.

You should be 21–58 years old Indian resident. Both salaried and self-employed individuals can apply.

You can avail a home renovation loan of up to ₹30 Lakh, depending on your eligibility and income parameters, making it suitable for different house renovation loan needs.

No. These are unsecured loans that do not need collateral or a guarantor.

It is a Personal Loan used to fund renovation or repair work in a house without pledging collateral.

Yes. Under Section 24(b) of the Income Tax Act, interest paid on a house renovation loan may be claimed as a deduction.

Yes. Interest paid on a home renovation loan may qualify for tax deduction under Section 24(b) of the Income Tax Act. However, to ascertain eligibility and benefits applicable to you, it is recommended to consult a tax professional.