Get Personal Loan for Home Renovation

Get  Personal Loan for Home Renovation 40 Lakh Loan

Home is attached to our emotions and we want to upgrade the old home with a modular kitchen, floor with tiles, painting & more. But sometimes we can not manage to do home renovation for other expenses. 24hr Loan solves your problems.

Many Banks / NBFC companies provide up to Rs. 40 lakh personal loans for home renovation. Do you think a higher salary is required for this loan? No, you apply for a personal loan with an Rs. 12,000 monthly salary.

Banks Offers Personal Loan for Home Renovation

LenderInterest Rate (p.a.)Loan AmountMonthly Salary 
WeRize   16% to 21% p.a.  Rs. 30,000 to Rs. 5 lakhs  Rs. 12,000Apply Now
InCred   11.49% to 18% p.a.  Rs. 50,000 to Rs.7. 5 lakhs  Rs. 15,000Apply Now
IDFC   12.50% to 18% p.a.  Up To 10 lakhs    Rs. 15,000Apply Now
PaySense   1.4% to 2.3% per month  Rs. 50,000 to Rs. 5 lakhs  Rs. 18,000Apply Now
Upward   9% to 32% p.a.  Up To 5 lakhs    Rs. 20,000Apply Now
Axis Bank10.49% to 22%  Up To 40 lakhs    Rs. 25,000Apply Now
SMFG India Credit11.99% to 32% p.a.  Up To 25 lakhs  Rs. 20,000 to
Rs. 25,000
Apply Now
Bandhan Bank10.50% to 18% p.a.  Up To 25 lakhs    Rs. 20,000Apply Now
Piramal Finance    12.99% p.a.  Up To 10 lakhs    Rs. 25,000Apply Now

Benefits of Personal Loan for Home Renovation

Quick Loan Disburse: Forgot your old day’s loan application process. Now get your loan disbursed in a digital way. It will save you time.

Simple Paperwork: As you are not taking a mortgage/home loan, you only provide the KYC details and income proof.

No Hard Copy Required: We already said it is a digital loan process. So, you don’t provide a hard copy.

Loan with Low Salary: You can take a personal loan with a low income. 24hr Loan offering a home renovation personal loan with Rs. 12,000 salary.

Collateral-Free Loan: Without any security, your personal loan will be approved. Don’t need property papers, gold, or other things for a home renovation loan.

Match Eligibility Criteria

It’s quite simple to take a home renovation loan for everyone. 24hr Loan offers personal loans with simple criteria. Everyone should take this opportunity & grab a personal loan.

  • Residence: Indian
  • Eligibility Age: 21 to 55 years
  • Employed Type: Public, Private & Government
  • Work Experience: Minimum 12 months
  • CIBIL: Zero or 700+
  • Monthly Net Salary: Rs. 12,000

Documents Required for Home Renovation Loan

Complete the process of your document to take the loan within 3 days. We do not take complicated documents. It’s simple for everyone.

  • Current Address Proof: Rent Agreement/ Electricity bill/ Gas bill
  • Residential Address Proof:  Aadhaar Card/ Voter Card/ Driving License / Passport
  • Identity Proof Documents: Pan Card
  • Provide Recent salary slip
  • Bank statement for the last 12 months
  • Photo of Applicant
Also Read: Mortgage Loan at 12,000 Salary

Home Renovation Personal Loan Interest & Charges

Interest Rate10.49% to 32% Yearly
Processing FeeUp To 4% + Taxes
Insurance ChargesUp To 3% of loan amount
Late ChargesBank will decide
Loan Tenure1 year to 5 years

How to Apply for a Home Renovation Loan

Step 1: Select a lender that will match your salary.

Step 2: The second step is to click on the “Apply Now” tab.

Step 3: Fill in all your details KYC form.

Step 4: Submit documents of PAN card, Aadhaar Card, Salary Slip, and bank Statement.

Step 5: The lender calls you for the verification process and disburse your loan.

FAQs on Personal Loans for Home Renovation

Can I take a loan for home renovation with a Rs. 12,000 salary?

24hr Loan gives you the opportunity to get the loan with a Rs. 12,000 salary. But your salary must be credited to a bank account with 12 months of job experience.

How much loan can I get with Rs. 20,000 salary for home repair?

Before getting the loan, the lender will calculate your current EMI. If your current EMI is 4,000 to 5,000, your loan amount may be 2 to 3 lakhs.

What is the interest rate of a home renovation personal loan?

The interest rate will vary based on the lender. Most of the lender give your interest rate between 10.49% to 32% per annum.

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