Instant Approval
Apply via the Hero FinCorp app and get loan approval instantly.
Home Renovation Loan
Want to give your home a fresh look but worried about the expenses? Hero FinCorp can help you with a home improvement loan so you can start your renovation plans without the extra stress. Apply today and get started.
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval
Calculate Personal Loan EMI
Get a Personal Loan for Home Renovation Upto 5 Lakh
If you are a homeowner, repairing or renovating your property is essential to maintain its condition and boost its value. Yet, many avoid it because of high costs. With a Home Renovation Loan, you get quick funds to cover these expenses with ease. At Hero FinCorp, you can apply for home improvement loans ranging from Rs 50,000 to Rs 5 Lakh, with competitive interest rates starting at 19% per annum. Choose a flexible tenure of 12 to 36 months and enjoy flexible repayment that fits your budget. A personal loan for renovation makes upgrading your home simple and stress-free.
Features and Benefits of a Personal Loan for Home Renovation
Explore the perks of Hero FinCorp's Personal Loan for Home Renovation.
Quick Disbursal
Once approved, the loan amount is disbursed quickly.
Paperless Documentation
No physical documents needed. Just provide your KYC details and income proof.
EMI Calculator
Calculate EMIs online by adjusting loan amount, tenure, and interest rate.
Low Rate of Interest
Our interest rates start from at 1.58% per month.
No-Collateral
No need to provide any security or collateral to avail the loan.
Eligibility Criteria for Personal Loan for Home Renovation
Before you plan to upgrade your home with a renovation loan, it is essential to check your house renovation loan eligibility. Knowing the specifications ahead of time will save you from being declined or delayed in your renovation application and help the overall process run smoothly.| Eligibility Criteria | Details |
|---|---|
| Age | 21 - 58 years |
| Citizenship | Should be an Indian citizen |
| Work Experience | 6 months for salaried, 2 years for self-employed |
| Monthly Income | Minimum Rs 15,000 |
List of Documents Required for Personal Loan for Home Renovation
Obtaining an home renovation loan online is easy and fast and without any paperwork required. Just keep these documents handy, and both salaried and self-employed individuals can instantly complete the application process:
- PAN Card
- Aadhaar Card
Interest Rates & Charges on Personal Loan for Home Improvement
It is crucial to know, before applying for a home renovation loan online, the cost of home renovation loan interest and the loan processing fees. Hero FinCorp offers competitive and attractive personal loan rates and minimal expenses to help you plan your renovation budget.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply for a Personal Loan for Home Renovation Online?
Check out the given steps to apply for a home renovation loan that can help you to transform your home:
- 1
Visit the Hero FinCorp website or download the personal loan app.
- 2
Under the instant personal loan section click 'apply now'.
- 3
Enter your mobile number and verify with the OTP to register.
- 4
Enter your loan amount.
- 5
Complete your KYC verification. Verify your income eligibility.
- 6
Click 'Submit' to complete your home loan application.
Blogs
Personal Loan
Funding Your Child’s Wedding or Education Without Touching Retirement Funds28 Aug, 2025
Personal Loan
Rejected Once? Here’s How I Got My Personal Loan Approved On The Second Try27 Aug, 2025Frequently Asked Questions
As the name suggests, a Personal Loan for home renovation is an unsecured loan you can take for renovating or repairing your home and repay in monthly instalments.
Since a Personal Loan for home renovation is an unsecured loan, you do not need to provide any security or collateral to take the loan.
You only need your KYC details and proof of income when you apply for a Personal Loan for home renovation with Hero FinCorp online.
To apply for a Personal loan for your home renovation, simply fill up the application online using your KYC information and submit along with your income proof.
A Personal Loan is an unsecured loan offered at highly competitive rates and easy repayment terms with minimal documentation. You can get approval in minutes.
Yes, you can take a Personal Loan for house repair/renovation and utilise the amount for raw materials, labour and transportation.
The interest rate you qualify for depends on your credit score, DTI (debt-to-income) ratio and lender's policies. The interest rates at Hero FinCorp begin at 1.58% per month.
You can obtain approval in less than ten minutes when you apply for a Personal Loan for home improvement through the Hero FinCorp app or website.
You can avail a Personal loan of up to Rs 5 Lakh for home improvement from Hero FinCorp based on your eligibility.
You must be 21 to 58 years old with a monthly salary of Rs 15,000 and work experience, based on your profession (salaried/self-employed), to avail a Personal Loan from Hero FinCorp.
You can get ample amounts of up to 5 Lakh without collateral at Hero FinCorp at reasonable interest rates and repayment terms of 12 to 36 months.
Hero FinCorp can approve your application for a Personal Loan for home improvement in as little as 10 minutes when you apply online.
Yes, you can get a Personal Loan for home remodelling even if your credit score is low or poor. However, the lender might provide a smaller loan amount or charge a higher rate of interest.
Yes, you can take a Personal Loan for home improvement at Hero FinCorp with convenient repayment periods of 12 to 36 months.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.