Personal Loan for Home Renovation up to ₹30 Lakh

Renovating your home doesn’t always need to drain your savings. Whether you’re planning to modernise your kitchen, repaint the walls, repair the flooring, or add a new room, a Personal Loan for Home Renovation can help you fund these upgrades without financial stress. Get a Personal Loan of up to ₹ 30 Lakh with an interest rate starting as low as 11% p.a.* for a tenure extending up to 72 months.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Quick Approvals & Disbursal

Fast digital approvals and disbursal

Big Loan Amount

Loan amounts ranging up to ₹ 30 Lakh

No Collateral Required

No security or collateral required

Long Tenure

Tenures ranging up to 72 months

Competitive Interest Rate

Starting as low as 11% p.a.*

Personal Loan EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹50,000

₹30,00,000

Interest rate (per annum)

11%

24%

Loan tenure (months)

12 months

72 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility Criteria for Personal Loan & Document Required for Home Renovation

Eligibility Criteria for Personal Loan for Home Renovation

Residency:

Indian resident

Age requirement:

21 years to 58 years

Profession:

Salaried or self-employed individuals

Documents Required for Personal Loan for Home Renovation

Identity Proof

PAN Card | Aadhaar Card

Address Proof

Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) | Passport | Voter ID Card | Driving License

Income Proof

Bank Statement -Last 6 months' statement is mandatory

FAQs & Support

View all

When can I receive the disbursement for a House Renovation Loan?

Once approved, funds are credited in no time into your bank account.

What are the eligibility criteria for a home renovation loan?

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

How do I apply for a home renovation loan?

You can apply online via the website or use the PLANET app.

What is the interest rate for a home renovation loan?

Home renovation loan interest rate starts as low as 11% p.a.* at L&T Finance.

Can I Get a Tax Benefit on a Home Renovation Loan?

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

How much loan can I take for home improvement loans?

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

How does adding a co-applicant benefit?

It boosts your eligibility and may help secure a lower interest rate or higher loan amount.

What is the tenure of a home renovation loan?

The tenure for a Personal Loan for Home Renovation ranges up to 72 months at L&T Finance.

What is a home renovation loan?

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

Is collateral or security required for a home improvement loan?

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

Explore all FAQs

Personal Loan

I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call Center.

Jasbir Kaur

Punjab

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujarat

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.

Vinod Bidlan

Andheri, Mumbai