Personal Loan for Home Renovation

Redecorating your house is not only a daunting task but also a costly affair. Though redecoration can help you amp up the look of your space, but it can surely dig a big hole in your pocket, making it difficult for your to manage the finances. But with a personal loan for home renovation, you can renovate your home without worrying about the fee of the contractors, fee of the interior designer, purchasing raw materials and others. Simply apply for a home renovation loan with Upwards to receive funds into your account in an easy way. Upwards offers you home renovation loan up to 1 lakh at an EMI as low as Rs. 2500/month along with flexible tenures that do not dig a hole in your pocket.

What is a home renovation loan?

Home renovation loan is a loan you can avail to renovate, remodel or make repairs in your house property. You can also use this loan for buying furniture, bathroom fittings, fans or for any other purpose related to its renovation. Understanding that over years, the look of your house can wear off due to climatic changes and require regular maintenance and care, you can avail a home renovation loan. With Upwards, you can avail a personal loan of up to INR 1 lakh for home renovation at an EMI as low as Rs. 2500. We at Upwards offer quick loan approval and the loan is disbursed within 24-48 hours.

Benefits of Availing Home Renovation Loan

  • Use the funds to give a new makeover to your home
  • You don’t have to liquidate your investments
  • Instant access to funds
  • Loan disbursal within 24-48 hours

Loan Terms

Loan AmountRanging from Rs. 20,000- Rs. 2,00,000
Annualised Interest RateRanging from 18% to 36%
Repayment TenureRanging from 12 to 36 months
Processing Fees2-4% of the loan amount

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Home Renovation Loan FAQs

Does personal loan for home renovation offered by Upwards offer any tax benefits?
No, since personal loan for home renovation offered by Upwards is an unsecured type of loan, you do not receive any tax benefits.
What is the interest rate offered by Upwards for home renovation?
We offer personal loan for home renovation at interest rate 12%-30% per year.
What will the EMI amount I will have to pay towards the home renovation loan availed from Upwards?
You can calculate the EMI using our home renovation loan EMI calculator.
What is the tenure I can choose for repayment of my home decoration loan?
You can choose from 24-60 months tenure for repayment of your home decoration loan.