Home Renovation Loan.
Plan repairs, interiors or a home makeover with a home renovation loan from Hero FinCorp, with online approval for eligible applicants.
Get a Home Renovation Loan Online.
A home renovation loan helps you pay for repairs, remodelling, interiors, fittings, flooring and other upgrade costs without using your savings at once.
Hero FinCorp offers instant personal loan approval for home renovation to eligible applicants, with an online journey that reduces branch visits and physical paperwork.
Salaried and self-employed applicants can use this loan for their own home, family home or residential property improvement needs.
Check your eligible amount, compare EMI options, and apply online if you need funds for repairs, interiors or a planned home makeover.
Personal Loan for Home Renovation EMI Calculator
Why Choose Hero FinCorp for Your Home Renovation Loan?
What You Can Renovate.
Kitchen Remodel
A kitchen renovation may involve new cabinets, countertops, sink work, chimney fitting, storage, wall tiles, lighting changes, plumbing fixes and space for appliances. A home renovation loan lets you pay for these expenses through monthly EMIs, instead of putting the work on hold.
It can also help when the kitchen needs urgent repairs before the monsoon or before a family event. If you are comparing lenders for the best home renovation loan with affordable rates, check the rate, fees, tenure and eligible amount together.
Flooring & Tiling
Flooring work can cover vitrified tiles, marble, wooden flooring, anti-skid tiles, skirting, floor levelling, tile removal and labour charges. These costs can rise when more than one room is involved. A renovation loan can support this type of planned home improvement without collateral.
It is also useful for people searching for the best personal loan for house repair expenses in India, especially when the work includes both material purchase and contractor payment. Use the EMI estimate before finalising the loan amount.
Painting & Interiors
Painting and interiors can include wall paint, waterproof coating, wallpaper, texture work, false ceiling, lighting, partitions, storage planning and decor changes. If you are checking what loan options are available for interior design and home makeover, a personal loan for home renovation can give flexible use of funds.
You can use the amount for labour, materials, fittings or design changes. Keep a buffer for extra coats, wall repairs or last-minute changes, as these small items often increase the final bill.
Bathroom Upgrade
Bathroom upgrades can include sanitary ware, tiles, plumbing, shower partitions, exhaust fans, water fittings, waterproofing, geyser points and drainage repair. A loan can help when the work cannot be postponed because of leakage, seepage or damaged fittings.
It can also help if you are asking where to get a loan for house repair and need quick access to funds. Plan the amount after collecting quotes from the plumber, tile vendor and contractor, so the EMI is based on a realistic project cost.
Furniture & Fittings
Furniture and fittings can include wardrobes, beds, study units, kitchen storage, TV panels, curtains, lighting, door fittings, safety grills and basic electrical fixtures. A home improvement loan can help you complete these items, along with painting or flooring, instead of doing the work in stages.
People comparing which lenders offer the best home renovation loan rates should check more than the starting rate. Processing fees, tenure, EMI comfort and foreclosure terms also affect the total amount paid.
Step-by-Step Guide on How to Apply.
Find Out
If You Are Eligible.
| Criteria | Requirement |
|---|---|
| Age | 21 to 58 years |
| Employment | Salaried or self-employed applicants |
| Monthly Income | Minimum monthly income of ₹15,000 |
| CIBIL Score | 725 and above is considered ideal |
| Residence | Stable residence with valid KYC details |
| Existing Loans | Current EMIs and repayment capacity are reviewed |
Home renovation loan eligibility is based on the applicant profile, not only the property type. For flats, independent homes, or family homes, income, credit profile, and repayment ability remain the key assessment factors.
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Interest Rates, Fees & Charges.
Understanding the cost of borrowing is essential before committing to any loan. Hero FinCorp’s Personal Loan interest rates are competitive and transparently disclosed. Below is the complete schedule of fees and charges:
| Fee | Amount |
|---|---|
| Interest Rate | Starting from 17.9% p.a. |
| Processing Fee | Minimum 2.5% + GST |
| Prepayment Charges | Not applicable |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | ₹350 per instance |
| Overdue Interest | As mentioned in the loan agreement or KFS |
| Loan Cancellation | No online app cancellation charge; interest and processing fee are non-refundable |
Disclaimer: Charges may change based on Hero FinCorp’s latest Schedule of Charges, applicant profile, loan amount, and final sanction terms.
EMI — Tenure-Wise Breakdown.
Use this sample EMI table to understand how tenure affects monthly payment, total interest and total repayment before applying for a home renovation loan.
| Loan Amount (₹) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (₹) | Total Interest (₹) | Total Amount Payable (₹) |
|---|---|---|---|---|---|
| 50,000 | 12 | 17.9% | 4,584 | 5,008 | 55,008 |
| 1,50,000 | 24 | 17.9% | 7,489 | 29,727 | 1,79,727 |
| 3,00,000 | 36 | 17.9% | 10,846 | 90,446 | 3,90,446 |
| 5,00,000 | 36 | 17.9% | 18,076 | 1,50,743 | 6,50,743 |
| 7,00,000 | 36 | 17.9% | 25,307 | 2,11,040 | 9,11,040 |
Disclaimer: EMI values are indicative and based on 17.9% p.a. Actual EMI may vary by rate, fees, applicant profile and final loan terms.
Use the Hero FinCorp Personal Loan EMI Calculator to estimate your monthly instalments.
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Frequently Asked Questions.
A personal loan for home renovation is an unsecured loan used for repairs, remodelling, interiors, fittings, flooring or other residential upgrade costs, repaid through fixed monthly EMIs.
You just PAN and Aadhaar details. Income is verified digitally through the online process based on applicant type and consent.
Yes, applications are still reviewed, but approval, loan amount, and interest rate may be affected. A stronger score improves your loan terms.
To apply for a home renovation personal loan online, visit Hero FinCorp’s website or app, verify your mobile number, enter details, complete KYC, review terms and e-sign.
The interest rate that home renovation loan applicants see starts from 17.9% p.a. Your final rate depends on income, credit profile, repayment capacity and loan terms.
Yes. Repayment tenures range from 12 to 36 months, letting you choose an EMI that fits your budget.
No. Approval is based on eligibility, income, credit profile, and repayment capacity — not on any pledged asset.
The benefits of a personal loan for home improvement include No collateral, fast disbursal, flexible 12–36 month tenure, and unrestricted use of funds for repairs, interiors, or upgrades.