🏡Home Renovation Loan
A Home Renovation Loan is a type of loan that helps you fund repairs, upgrades, and improvements to your existing home. It can be taken as:
✔ A top-up loan on your existing home loan
✔ A separate renovation loan
✔ A personal loan (if you want fast, no-document funding)
✅ What You Can Use a Renovation Loan For
- Painting, flooring, tiling
- Kitchen redesign, modular kitchen
- Bathroom remodeling
- Plumbing, electrical work
- Waterproofing, repairs
- Woodwork, wardrobes, false ceiling
- Structural modifications (non-major)
💰 Loan Amount
Depending on bank/NBFC:
- Typically ₹50,000 to ₹50 lakh
- For top-up: depends on home loan repayment track & property value