Best Personal Loans for Home Renovation

Last Updated : June 18, 2025, 6:46 p.m.

Wanting to renovate your house? Remodelling, painting, restoration, and other home care are all necessary. And you’ll need money to take care of the home renovation, which may be quite pricey due to labour costs, material purchases, and so on. In major cities, the cost of renovating a 3-BHK home might range from INR 2-5 lakh. People abandon their home renovation ideas when they see such expenditures. The best personal loan for home renovation with no collateral, on the other hand, can assure a smooth home improvement. Customers can get personal loans from a variety of banks and non-banking financial institutions. In this post, we’ve selected some of the greatest personal loan options for home renovation from among the many available.

Personal Loans for House Repairs

A home improvement or renovation loan is ideal if you're planning to repair, upgrade, or modify your existing home's structure. These loans typically offer lower interest rates and longer repayment tenures for added convenience.

Select the best personal loan for home renovation in India from the options below, based on your specific requirements and ability to repay.

SBI Personal Loan For Home Renovation

The SBI Personal Loan offers a convenient way to finance repairs, upgrades, or improvements to your existing home with their home renovation loan scheme. With competitive interest rates, quick processing, and no requirement for collateral, it's an ideal option for hassle-free home enhancement.

Personal Loan for Home Renovation with HDFC Bank

HDFC Bank personal loans help you with your house repair in less time for non-customers. With minimal documentation, HDFC Bank provides instant loans to its existing customers. To avail the loan, HDFC Bank Salary Account holders must have a minimum net monthly income of ₹25,000, while non-HDFC Bank Salary Account holders need to earn at least ₹50,000 per month.

House Repair with Bajaj Finserv Personal Loan

Bajaj Finserv offers quick personal loans for home repair, with approval in just 5 minutes and disbursal within 24 hours after document verification. It also provides a Flexi loan facility, allowing you to borrow as needed and repay flexibly with EMIs up to 45% lower. To be eligible, you need a monthly salary between ₹22,000 and ₹35,000 (based on job location) and a minimum CIBIL score of 750.

Home Renovation with TATA Capital Personal Loan

Tata Capital offers a personal loan that covers all aspects of home renovation without the need for collateral. It comes with flexible repayment options, making it easier to manage your finances. To apply, you need a minimum monthly salary of ₹20,000.

Renovate Your Home with SMFG India Credit Personal Loan

SMFG India Credit offers instant online approval for personal loans for home repair, taking into account your credit score and any existing relationship with the bank. Once approved, the loan amount is typically disbursed within 72 hours.

ICICI Bank Personal Loan for Home Renovation

ICICI Bank personal loan for home repairs with minimal documentation, no need for collateral, and fast approval and disbursal. To be eligible, applicants must have a minimum monthly income of ₹30,000.

Personal Loan from Kotak Mahindra for Home Renovation

With attractive Kotak Mahindra Bank personal loan interest rates and easy repayment options, it also provides you with all home loan renovation expenses under one personal loan. It facilitates quick loan disbursal amounts in 3 seconds for Kotak pre-approved customers..

Bank of Baroda Personal Loan for Home Renovation

You can avail of a personal loan from Bank of Baroda to renovate or refurbish your house. Whether it’s upgrading your kitchen, repainting walls, installing new flooring, or enhancing the overall aesthetics and structure, this loan provides the funds you need with minimal documentation and competitive Bank of Baroda personal loan interest rates starting from 10.90% to 11.40% with flexible repayment options, and funding for various improvement needs such as painting, plumbing, flooring, and more.

PNB Personal Loan For Home Improvement

PNB Personal Loan for Home Improvement is designed to help individuals finance home renovation or repair expenses. This includes tasks like painting, plumbing, electrical work, flooring, or upgrading home interiors, without needing to mortgage the property.

Personal Canara Bank Home Renovation Loan

With the best offers of Canara Bank personal loan , the Bank also provides a Home Improvement Loan, which can help you finance the purchase of home essentials like furniture, fans, refrigerators, and other appliances. It comes with a competitive interest rate starting at 13.75% p.a. and a processing fee of 0.5%.

Conclusion

After exploring the best personal loan for home renovation with the home renovation loan rate of interest, you can identify the one that best suits your needs. The ideal loan deal minimizes your overall cost while offering the flexibility you require.