Home Renovation Loan
Loans to upgrade, repair, extend, or refurbish an existing property — from minor repairs to full home makeovers.
Why Choose This Plan?
Your existing home may need a fresh coat of paint, a new bathroom, an additional room, or a complete renovation — and a Home Renovation Loan provides the funds without forcing you to liquidate savings or investments. Approval is typically quick (since the property is already registered and valued), and loan amounts are tailored to the scope of your renovation. With no pre-payment penalties from most partner lenders, you can close the loan early as your finances improve. Existing home loan customers can also benefit from convenient top-up facility on their current loan.
Key Features & Benefits
- Quick approval for urgent repairs
- Loan amounts tailored to estimated renovation costs
- No hidden charges or pre-payment penalties
- Simple and transparent terms
- Top-up options available for existing home loan customers
Frequently Asked Questions
Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.
The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.
Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.
