Home Renovation Loan
A home renovation loan is a specialized financial product designed to help homeowners upgrade, repair, or renovate their existing residential property. Whether you want to modernize your kitchen, renovate your bathroom, or add an extra room, our home renovation loan provides the financial support you need.
With our home improvement loan, you can transform your living space without straining your finances. Our streamlined process ensures quick disbursal with minimal documentation, allowing you to start your renovation project sooner.
LIC HFL Home Renovation Loan Features
Get Sanctioned Online
Experience quick loan sanctioning with our digital process
Simple Documentation and Low EMI
Minimal documentation required for a hassle-free loan process
Competitive Interest Rates
Enjoy attractive rates of interest on your loan amount
Availability
Quick processing and disbursal across all major cities
Flexible Tenure
Repayment tenure up to 15 years for comfortable EMIs
Top-up Facility
Additional funds available for extended renovation needs
Interest Rate on Home Renovation Loan
Salaried Applicants
| Loan Amount | Interest Rate |
|---|---|
| Up to ₹30 Lakh | 8.90% p.a. onwards |
| Above ₹30 Lakh | 9.00% p.a. onwards |
Self-Employed
| Loan Amount | Interest Rate |
|---|---|
| Up to ₹30 Lakh | 9.10% p.a. onwards |
| Above ₹30 Lakh | 9.25% p.a. onwards |
Maximum Loan Amount and Repayment Period
Loan to Property Cost
- Up to 80% of the renovation cost
- Loan amount up to ₹50 lakhs
- Subject to property valuation
Maximum Repayment Period
- Up to 15 years for salaried applicants
- Up to 12 years for self-employed applicants
- Age-linked tenure for senior citizens
Note: The maximum loan amount and repayment period are subject to change based on prevailing policies and individual eligibility criteria.
EMI/Eligibility Calculator
Home Renovation Loan EMI Calculator
Calculate your monthly EMI with our easy-to-use calculator
WhatsApp support
Anytime, anywhere, our WhatsApp support is here. we are solving problems where you are.
Start a chat on WhatsAppReach Us at -
Email - support@swastikfinadvisors.com
Call us - +918588899496
