Home Renovation Personal Loan: Features & Benefits
Easy application process
Attractive Interest Rates
Loan amount ranging from ₹50,000* to ₹50 lakh
Minimal documentation
No security/collateral required
- You must be a citizen of India
- You must be between the age bracket of 20-58 years
- You must have a stable income of at least ₹ 30,000 per month
- A healthy credit history and score can help speed up the approval process
- You need to provide ownership or co-ownership details of the property undergoing renovation.
- ID Proof for KYC (Aadhaar Card, Passport, Voter ID)
- Address Proof (Utility Bill, Rental Agreement)
- Income Proof (Salary Slips, Latest Bank Statement)
ICICI Bank offers affordable interest rates on Personal loan for Home Renovation. In addition, ICICI Bank offers Personal Loan repayment tenure ranging from 12 months to 72 months, making it easier to manage your finances with flexible payment options.
FAQs
To renovate your home, you can apply for an ICICI Bank Personal Loan for Home Renovation. It is designed expressly to pay for renovation expenses, so you will have enough money for maintenance or upgrades. Flexible repayment terms and affordable interest rates are common features of this loan.
It depends on various factors like your income, creditworthiness and the scope of the renovation project. It also depends on the assessed value of the property and the bank from which you wish to avail the loan.