Home Renovation Loan FAQs

Getting Started
Improving your home is great but can be costly affair. With the Home Renovation Loan, you can completely revamp your living space. You can remodel your kitchen, upgrade your bedroom, turn the study into a playroom or just take care of house maintenance with the Home Renovation Loan. Consider putting your plans in motion with Tata Capital Personal Loan for Home Renovation.

Some of the benefits of the Home Renovation Loan are:

  • Flexible repayment options
  • Loan covers the purchase of multiple end uses
  • Competitive interest rate
  • Quick and fast approvals.

Our Home Renovation Loans are tailored to help you cover multiple costs. The Home Renovation Loan covers:

  • House maintenance
  • Remodelling
  • Painting
  • New flooring
  • Internal repairs
  • External repairs
Loan Details (Amount & Tenure)

You can take up to 60 months to repay your loan.

The maximum amount that you can get from our Home Renovation Loan is customisable to your requirement. You can borrow funds as low as ₹ 75,000 and go up to ₹ 25,00,000.

Our interest rates begin from 10.99% and are highly competitive.
Eligibility

To be eligible for a Home Renovation Loan:

  • You should be in the age group of 21- 58 years
  • You should have at least two years of work experience
  • You should earn a minimum salary of ₹ 20,000 per month.

You only need to provide us with your basic documents to initiate your Home Renovation Loan request. Following is the documents list that should help you get started: 

Documents Required
Photo Identity proof (Any One) Voter ID /Passport/Driving License/ Aadhaar card/
Address proof (Any One) Ration Card/Electricity Bill/ Passport
Bank statements Bank statements for the last three months
Employment Certificate A certificate stating two years of continuous employment 
Salary Slips Salary slips for the last three months 
Flexible EMI Plans
  • Standard EMI Plan

Standard EMI Plan allows you to pay the principal amount along with the interest consistently for your defined tenure.

1. EMI amount remains the same for the entire home renovation loan period.

Ideal if - You have a regular income

  • Step Up Flexi EMI Plan

Step Up Flexi EMI Plan offers great flexibility. This repayment option allows you to pay lower EMIs at the beginning and as your salary increases you pay higher EMIs.

1. Pay more when you can afford

2. Helps to manage income flow efficiently.

Ideal if - You expect your income to increase at regular intervals

Know How It Works

Making your home beautiful is so easy with Tata Capital’s Home Renovation Loan. All you have to do is complete a simple form that doesn’t take longer than 10 minutes. Then upload the requisite documents. You will get a quick approval within just a few days.

Digital

We are with you any time of the day.     

Phone

Our customer support team is happy to help you, call us on customer care number at 1860 267 6060. You can request a call back too.

Branch

Walk into any of our nearest branch to apply for a Personal loan for Home Renovation.

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