Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
Do not call
En
Get a personal loan with instant approval, quick disbursal, and flexible repayment options to fix your home instantly.
Last updated on: May 19, 2026
Redesigning your living space can breathe new life into your home, but the cost of renovation often becomes the biggest hurdle. Since home upgrades are not frequent, the expenses involved can feel overwhelming.
A personal loan for home renovation can ease this burden by providing the funds you need for improvements, extensions, or interior design. With the right financing, you can transform your house into the home you’ve always envisioned, without delaying your plans due to financial constraints.
A home renovation loan helps you upgrade or repair your property without delaying essential work due to high upfront costs. Instead of using your savings, you can spread expenses over manageable EMIs and plan improvements with better financial control.
These loans are flexible and usually come without strict end‑use restrictions. This means you can use the funds based on your priorities, whether for structural repairs or aesthetic upgrades. Many borrowers also consider such financing options as part of broader home improvement loans, depending on their specific requirements.
Here are some common ways you can use a loan for renovation:
Structural Upgrades
Improve safety by reinforcing foundations, fixing dampness, or redesigning layouts. These changes can also enhance your property’s long‑term value
Appliance Upgrades
Replace outdated appliances with energy‑efficient models. This can help reduce utility costs and improve daily convenience
New Furniture
Invest in durable and functional furniture that improves comfort and complements your home’s design
Home Remodelling
Redesign kitchens, bathrooms, or workspaces to suit your lifestyle. You can cover costs for materials, fittings, and professional services
Repair Work
Address issues such as cracked tiles, damaged fittings, or broken windows on time to maintain safety and avoid higher repair costs later
A home renovation loan helps you upgrade or repair your property without delaying essential work due to high upfront costs. Instead of using your savings, you can spread expenses over manageable EMIs and plan improvements with better financial control.
These loans are flexible and usually come without strict end‑use restrictions. This means you can use the funds based on your priorities, whether for structural repairs or aesthetic upgrades. Many borrowers also consider such financing options as part of broader home improvement loans, depending on their specific requirements.
Here are some common ways you can use a loan for renovation:
Structural Upgrades
Improve safety by reinforcing foundations, fixing dampness, or redesigning layouts. These changes can also enhance your property’s long‑term value
Appliance Upgrades
Replace outdated appliances with energy‑efficient models. This can help reduce utility costs and improve daily convenience
New Furniture
Invest in durable and functional furniture that improves comfort and complements your home’s design
Home Remodelling
Redesign kitchens, bathrooms, or workspaces to suit your lifestyle. You can cover costs for materials, fittings, and professional services
Repair Work
Address issues such as cracked tiles, damaged fittings, or broken windows on time to maintain safety and avoid higher repair costs later
You can enjoy a personal loan of as high as ₹55 Lakhs for the purpose of home renovation.
Compare the interest rate, charges, and repayment offers from over 20+ lenders to choose one from them.
With a tenure that usually can go up to 108 months, you can repay the home renovation loan as per your convenience.
You can use an EMI calculator to determine your monthly payable amount based on tenure, interest rate and loan amount.
Once you apply for the house repair loan, the lender will verify your documents, and you will get an approval within a few hours. After the approval, get the loan amount in your account in no time.
There are certain eligibility criteria required to apply for a personal loan for house renovation. The criteria are easy to fulfil.
Use a personal loan for home upgrades with easy approval and flexible repayment.
Get a personal loan for home renovation from top banks and financial institutions on Bajaj Markets without any collateral.
Compare home renovation loan interest rates and maximum tenure in the table below:
| Available Offerings | Starting Interest Rate | Max. Loan Amount | Max. Tenure | Processing Fee |
|---|---|---|---|---|
10% p.a. |
₹55 Lakhs |
108 months |
Up to 2% of the loan amount |
|
12% p.a. |
₹10 Lakhs |
60 months |
Up to 3.93% of the loan amount (Inclusive of taxes) |
|
14% p.a. |
₹5 Lakhs |
60 months |
1.10% - 1.50% of the loan amount + GST |
|
14.5% p.a. |
₹10 Lakhs |
60 months |
Up to 5.1% + GST |
|
18.96% p.a. |
₹2 Lakhs |
24 months |
Up to 3% of the loan amount + GST |
|
12% p.a. |
₹15 Lakhs |
48 months |
1% onwards |
|
13.99% p.a. |
₹10 Lakhs |
60 months |
0% to 6% of the loan amount |
|
14% p.a. |
₹5 Lakhs |
36 months |
2% to 3% of the loan amount + 18% GST |
|
18% p.a. |
₹1 Lakh |
12 months |
2% to 4% of the loan amount |
|
12% p.a. |
₹25 Lakhs |
60 months |
3% to 5% of the loan amount |
|
10.99% p.a. |
40 Lakhs |
72 months |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
|
12.75% p.a. |
₹5 Lakhs |
48 months |
1.50% to 4.50% of the loan amount |
|
15.95% p.a. |
10 Lakhs |
60 months |
Up to 3% of the loan amount |
|
1.33% p.m. |
10 Lakhs |
60 months |
2% to 5% of the sanctioned amount |
|
14% p.a. |
₹4 Lakhs |
24 months |
2% to 12% of the loan amount |
|
12% p.a. |
₹5 Lakhs |
36 months |
2% to 6% of the loan amount |
|
17.25% p.a. |
₹6 Lakhs |
60 months |
₹50 to ₹200 + 18% GST (maximum APR of 48%) |
|
18% p.a. |
₹5 Lakhs |
12 months |
Starts from 2% of the approved loan amount |
|
16% p.a. |
₹5 Lakhs |
36 months |
3% of the loan amount |
|
6% p.m. |
₹1.5 Lakhs |
90 days |
3%-10% |
|
17.99% p.a. |
₹5 Lakhs |
48 months |
3%-5% |
|
16% p.a. |
₹5 Lakhs |
36 months |
Up to 5% + applicable taxes |
|
23% p.a. |
₹5 Lakhs |
36 months |
A fee ranging from 2.5% to 4% of the loan amount |
|
16% p.a. |
₹2 Lakhs |
36 months |
3.50% |
|
18% p.a. |
₹5 Lakhs |
48 months |
2% – 6% |
Disclaimer: The above-mentioned information is subject to change at the lender’s discretion.
During the repayment period, you may face additional charges beyond the interest rate and processing fees. Being aware of them will help you plan your repayment strategy to avoid these unexpected expenses:
Processing Fees |
Up to 12% of the loan amount |
Foreclosure Charges |
Up to 7% of the outstanding principal |
Disclaimer: The above-mentioned information is subject to change at the lender’s discretion
Before applying for a personal loan to fix your house, you must meet the conditions set by lenders.
Common requirements include:
You must be an Indian citizen
You can either be a salaried or self-employed individual
You need to be at least 18 years of age at the time of applying
You need to have a CIBIL score of 650 or more
You need to have a minimum work experience of at least 6 months
You need to be earning a minimum of ₹9,000 per month
Keep the following required documents ready to speed up the loan process. Lenders usually ask for:
| Document Type | Acceptable Documents |
|---|---|
Proof of Identity |
PAN/Aadhaar Card, Passport, Voter ID and driving license |
Proof of Residence |
Voter ID, Aadhaar Card, Passport, Driving License, Electricity bill and/or telephone bill |
Proof of Income |
Bank statement(s) or salary slips going back 3 months |
Photographs |
2 passport-size photographs |
Applying for a personal loan online involves a few steps. You can follow the process below to submit your application for a home renovation loan:
Click on the ‘Apply Now’ option on this page
Choose your profession
Enter your mobile number and the OTP received on the number
Type in your pincode
Accept the terms and conditions after reading them carefully
Click on ‘Proceed’
Submit the following details as required:
PAN
Name as per PAN card
Date of birth
Net monthly salary
Employer category
Employer/company name
Email ID
Gender
Salary credit mode (Bank or Cash)
Click on ‘Submit’
Get offers as per your eligibility
Then, choose the preferred option
Fill in additional details as required
Post this, a representative will contact you regarding the next steps.
When planning upgrades, you may come across terms like home renovation loan, home improvement loan, or home remodel loans. While these terms are often used interchangeably, they differ in purpose, loan structure, and cost depending on the type of work and funding required.
Understanding these differences helps you choose the right option based on your needs, especially when comparing home renovation loan and home improvement loan interest rates:
| Loan Type | Purpose | Loan Nature | Collateral Requirement | Interest Rate Positioning | Best Suited For |
|---|---|---|---|---|---|
Home Renovation Loan |
Repairs, structural changes, remodelling |
Usually unsecured personal loan |
Not required |
Slightly higher, as it is unsecured |
Quick upgrades and medium‑scale work |
Home Improvement Loan |
Minor upgrades, décor, appliance replacement |
Can be secured or unsecured |
May or may not be required |
Varies based on lender and security |
Small improvements and lifestyle upgrades |
Home Equity Loan |
Large renovations or major remodelling |
Secured (against property value) |
Property required as collateral |
Lower, due to secured nature |
High‑cost projects like extensions or major remodels |
Disclaimer
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Lenders on Bajaj Markets offer personal loans ranging up to 108 months. You can select a repayment period that best matches your financial situation and repayment capacity.
If you use a personal loan for home renovation or repair, you qualify for a tax deduction under Section 24(b) of the Income Tax Act. You can claim up to ₹30,000 per year on the interest paid.
A personal loan for home improvement requires no collateral and offers complete flexibility of use. You can utilise the funds for a wide range of expenses, including remodelling, repairs, interior upgrades, or purchasing new fittings and furniture.
You can apply for a personal loan from several lenders available on Bajaj Markets and get up to ₹55 Lakhs fund without any collateral.
No, if you get a loan through Bajaj Markets, you do not have to provide any collateral. However, your financial profile will play a crucial role in loan approval.
Yes, you can get a personal loan to fund your home renovation. These loans come with flexible repayment tenures and can be used for various remodelling or repair expenses.
A personal loan can be a good option for funding home renovations. These loans come with a quick approval time, flexible tenure options, and no collateral requirement.
You can prove the purpose of your loan by keeping documents such as the loan sanction letter, repayment receipts, and bills of renovation expenses. These records act as evidence of how the loan amount was utilised.
A home renovation loan is a type of financing that helps homeowners cover expenses related to repairing, upgrading, or redecorating their house. It can be used for painting, remodelling, interior design, or even expanding spaces.
The loan amount depends on your income, credit score, and lender policies.
The interest rate usually depends on the lender, your credit profile, and whether the loan is secured. Unsecured loans often have higher rates, while secured options like home equity loans offer lower rates. You can get a personal loan on Bajaj Markets at interest rates starting from 10% p.a. which you can use for home renovation.
Yes, you can get a house renovation loan without collateral through unsecured personal loans, provided you meet the lender’s eligibility criteria and have a good credit profile.
Academy 
