Home Improvement Loan
Give your home a fresh new look with our Home Improvement Loan. Whether you’re upgrading your kitchen, revamping interiors, or fixing essential spaces, our home renovation financing solution helps you refurbish your home with comfort and confidence.
Home Improvement Loan EMI Calculator
Calculate your home improvement loan EMI in seconds and plan your finances better.
Break-up of Total Payment
Monthly Loan EMI
Principal
Total Interest
Total Payment
(Principal + Interest)
Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan Small Finance Bank does not guarantee accuracy, completeness or correct sequence of any details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness accuracy. The use of any information set out is entirely at the User’s own risk. User should exercise due care and caution, including if necessary, obtaining of advice of legal, tax, accounting, financial and/or other professionals prior to taking any decision.
Why Choose Our Home Improvement Loan?
Eligibility Criteria & Documents Required
For more details, call us on 1800 208 2121 or write to us at customercare[at]ujjivan[dot]com
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FAQ
1. What is a home improvement loan?
A home improvement loan is a financing option that helps you fund renovation, repair, expansion, or renovation of your existing home.
2. How much loan amount can I avail?
You can get a minimum of ₹ 2 lakh up to a maximum of ₹ 25 lakh for the home improvement loan. The sanctioned loan amount is subject to the bank’s assessment and discretion.
3. What is the tenure (repayment period) for home improvement loan?
The tenure ranges from a minimum of 39 months to a maximum of 180 months (i.e., up to 15 years).
4. What is the processing fee and other charges associated with the loan?
A non-refundable processing fee of ₹ 3,350 + GST is applicable. Please click here to know more about fees and charges.
5. What purposes can the Home Improvement Loan be used for?
The loan is meant for home renovation purposes such as upgrading kitchens or bathrooms, repainting, structural repairs, adding modern touches, extending rooms, or other interior and exterior renovation work.
6. How do I apply for the Home Improvement Loan?
Click Apply Now to access our online form. Provide the necessary details and submit it at your nearest branch. Our representative will reach out to guide you through the next steps.
7. Are there any tax benefits for Home Improvement Loan?
Yes, you may be eligible for tax benefits on the principal portion of your house improvement loan under the Income Tax Act, 1961. Since tax regulations are subject to change, we recommend checking the latest tax provisions for better clarity.
