Renovate your home with Personal Loan

Cover your home renovation expenses easily with a personal loan.
Renovate your home with Personal Loan
3 min read
28 Sep 2022

You are planning to renovate your home but do not want to touch your savings. But you will need funds to pay the carpenter, electrician, painter, and others. You may also want to buy new furniture, electronic appliances, fixtures, and more.

You can use your personal loan to pay for any of the renovation-related expenses mentioned below:

Structural changes

You may choose to carry out a big renovation project, making structural changes to the apartment, making room for extra storage or extending your living room. You’ll need to hire an architect who can design this for you and show a 3D plan of how it’s going to look. Goes without saying that the architect may charge anywhere between a lakh to Rs. 5 lakh.

Furniture and home décor

Your kid has been asking you for a long time to convert her room into a fantasy wonderland with matching curtains, furniture, and special paint. For growing kids, you may also have to put in an extra wardrobe. Again, you are looking at a couple of lakhs of spend here.

Electrical fixtures

As the building gets older, you may need to upgrade your electrical fixtures. This could involve changing the entire fuse box or putting in new cables across the apartment. These days, electrical fixtures are expensive and an upgrade of such a nature may cost you anywhere between Rs. 2 lakh and Rs. 3 lakh. In case you’ve taken a new apartment, you may want to do the entire lighting to create that perfect vibe you had in mind.

Appliances and more

How about upgrading the appliances too? Get a new double-door refrigerator to match your new modular kitchen or a home theatre system for family movie nights. These days, you get 5-star inverter ACs that could substantially reduce your electricity bills and are worth the one-time expense.

These are just some of the things that a home renovation project may entail. We understand that each home is unique and so are the requirements. We have created a special variant called Flexi Loan.

Flexi Loan

Our Flexi Loans work like a limit wherein, you can borrow as many times as you want to and part-prepay as many times as you can.

In addition, in our Flexi Loans, you get to pay only the interest component as your EMI in the initial period of your loan tenure, therefore keeping your EMIs low. If you want to read about our Flexi Loans in detail, click here.



While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply