Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

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Home Renovation Loan

What is home renovation Loan?

Apply for Personal Loan for Home Renovation

Have you been delaying your plans to give a fresh look to your home, but don’t have enough funds? Get a home renovation loan from LoanPey and add an everlasting charm to your home the way you want. Whether you are looking to upgrade your kitchen or giving a modern look to your bathroom is what you have in mind, a personal loan is just what you need. Moreover, you can add a new room or update your home into a smart home. As simple as that!

A home renovation loan is a perfect solution that helps enhance your living space with no stress on your finances. Never consider making compromises when it comes to your living area.

At LoanPey, we understand how important it is for you to give a new makeover to your home. That is why our quick and easy personal loan for home renovation helps you meet any requirement you might have for home upgrades or repairs.

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Feature & Benefits

Some Features and Benefits of a Home Renovation Loan

Say goodbye to the financial strain that you have been handling for months. We believe that your home should reflect your personality; thus, you must apply for a home repair loan online from LoanPey - a leading and reliable financial institution - serving individuals with the best home improvement loans at low interest rates.

Instant Approval

Look forward to instant approval for a home renovation loan. After completing the application, you can expect a loan to be approved in just 2 hours.

Affordable Interest Rate

When applying for a home renovation loan, LoanPey offers you an inexpensive interest rate starting at 2% monthly. A cost-effective option!

No Collateral

As LoanPey offers an unsecured personal loan for home renovation, there is no need to use any assets as collateral for the loan. Safeguard your assets with this loan!

Flexible Tenure

Other than getting a competitive interest rate, you get a flexible tenure to make loan repayments. No need to deal with a financial burden when repaying the home improvement loan!

Less Paperwork

What makes the loan application process fast and easy is the minimum number of documents. However, the requirement for every lender varies from lender to lender.

Digital Application Process

At LoanPey, we offer you a 100% paperless, quick, and simple loan application process. Get the required funds for renovation right from the comfort of your home.

Process

Steps to Apply for Home Renovation Loan

01

Apply Online

Apply online with the amount you require.

02

Submit Documents

Submit the documents necessary for further action.

03

Get Approved

Get the loan application verified and approved in a few hours.

04

Receive Funds

Receive the loan amount within 2 hours.

Eligibility

Eligibility Criteria for Home Renovation Loan

1. Age When applying for a home renovation loan, your age must be between 21 and 60 years old
2. Minimum Income Must earn an income of at least INR 30,000 monthly.
3. Employment Must be employed with an MNC, or a private or public firm.
4. Nationality Must be a citizen of India.
5. Credit Score Must be at least 750 and above.
6. Work Experience Must have had a job for 2 years, with at least one year of work experience with the existing employer.

200 +

Happy Customers

1000 +

Loan Approved

Why Choose Us

Why Choose Loanpey for Home Renovation Loan

Your home expresses your individuality. So, adding endless charm to it should be on your mind. Whether it’s a smart kitchen or a comfortable living space, every detail holds importance. And when you seek the best financial partner, you are one step closer to your dream home. The right financial assistance makes your dream come true for the home you have been desiring. We make renovating your home simple, cost-effective, and hassle-free. Whether you are upgrading interiors, fixing natural aging, or renovating your space completely, a personal loan for home renovation gives you the freedom to transform your home.

  • Instant approvals with less paperwork and an easy online application process.
  • Cost-effective interest rates to help you deal with your expenses.
  • Flexible repayment options customized to hassle-free financial terms.
  • No hidden charges and complete transparency throughout the loan application process.
EMI Calulator

Home Renovation Loan EMI Calculator

Renovating your home can sound exciting, but you must have enough funds to turn your dream home into reality. Financial planning is what matters the most when you are looking to fix those corners or refurbish the entire space. So, knowing your expenses in advance will work to your advantage. While using a home improvement loan is a wise decision, understanding your monthly payments is crucial. That’s where the role of a Home Renovation Loan EMI Calculator comes in.

This user-friendly and easy-to-navigate tool helps you calculate how much you will have to pay monthly. Using this tool not only gives you greater control over your loan, but it also helps you make a smart decision.

Build the home of your dreams by using the Home Renovation Loan EMI Calculator!

Interest Rate

Home Renovation Loan Interest Rate

Loan Interest Rate

2% to 2.72% monthly

Loan Amount Offered

INR 5,000 to 1 Lakh

Loan Processing Fee

2% of the loan amount

Loan Tenure

90 days to 12 months

APR

Home Renovation Loan APR Calculator

Loan Amount

50,000
₹ 10,000 ₹ 2,00,000

Tenure (Days)

30 Days
7 days 365 days

Rate of Interest (Daily %)

1%
0.1% 5%

Processing Fees

10 %
1% 20%

Interest Amount

15,000.00

Processing Fees

5,000.00

Total Repayment

70,000.00

APR

58.39 %
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FAQs

Frequently Asked Questions

A home renovation loan is a sum of money an individual borrows from a lender. The sole purpose of this loan is to fund the home renovation project.

Absolutely! You must submit proof of your income while you are applying for a personal loan for home renovation.

Any Indian resident who meets the minimum monthly income criteria and is between 21 and 60 years old.

If you miss an EMI on your home improvement loan, it can result in bounce charges, penalty charges, and many other drawbacks.

You can expect the loan amount you need in as little as 2 hours.

Goodskill Securities And Services Ltd | CIN - U74899DL1990PLC040437

Important*- As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, Loanpey provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.