Apply for Home Improvement Loan - Renovate with Ease

Q: How can I get a better home renovation loan interest rate?

To secure better interest rates: Maintain a High CIBIL score: 750+ CIBIL score, Stable Employment: Long tenure with current employer, Existing Customer: Banks often offer preferential rates, Higher Income: Demonstrates strong repayment capacity, Compare Lenders: Research multiple lenders for the best offers.

Q: What are the home renovation loan eligibility criteria?

Eligibility requirements include: Property Ownership: Must own the property being renovated, Age: 21-70 years at loan maturity, Income: Stable monthly income for EMI repayment, Credit Score: Good credit history with a minimum 611 score, Property Age: Some lenders have restrictions on property age.

Q: What are the documents required for a home renovation loan?

Required documents include: Personal Documents: KYC documents, income proof, bank statements, Property Documents: Property title deed, tax receipts, Renovation Details: Cost estimates, contractor quotations, Approvals: Municipal approvals if structural changes are involved.

Q: What kind of security is required for a home improvement loan?

Home renovation loans are typically secured against: The Property Being Renovated: Primary security, Additional Collateral: May be required for higher loan amounts, Income Documentation: Serves as repayment security. Some lenders offer unsecured home improvement loans for smaller amounts.

PNB Housing

Home Improvement Loan

PNB Housing offers competitive Home Improvement Loan interest rates for salaried and self-employed individuals to help them revamp their homes. PNB Housing Home Improvement Loans empowers all to fulfill their wishes and transform their home into contemporary and comfortable havens.

Things you can do with PNB Home Improvement Loan

Complete renovation of already-owned residential property.
Upgradation
House/flat repairs
External & internal repairs/paint

False ceiling & woodwork (fixed to the building)
Waterproofing & Roofing
Tiling and flooring
Plumbing & electrical work

Advantages of taking Home Improvement Loan

Comprehensive Loan Cover

We finance your needs, big or small. PNB Housing offers hassle-free Home Improvement Loans based on eligibility.

Available to All Customers

Exciting home improvement loan offers for all customers, new or existing, including professionals and small business owners.

Unique and Customized

We offer personalized renovation loans at PNB Housing to match your unique needs, budget, and eligibility.

Covers all Essential Needs

Our home renovation loans provide all-encompassing home improvement coverage, including roofing, tiling, flooring, plumbing, etc.

Swift and Hassle-Free Loan Disbursal

Apply online for a hassle-free home improvement loan. Enjoy doorstep services, swift approval, instant 3-minute loans.

Easy Top-Up Loan Option

Get easy top-up loan options from PNB Housing for unexpected repair and refurbishment contingencies.

Stellar Post-Disbursement Services

Our dedicated team of experienced professionals and pan-India branches makes it easy for us to serve our customers – wherever they are.

Multiple Repayment Options

Borrowers can pay their EMIs hassle-free and make pre-payments using multiple repayment options.

Home Improvement Loan

Interest Rate

Starting from

7.50%*

Note: The mentioned Interest rates are Floating Rates

View Interest Rate as per Credit Scores

Home Improvement Loan

Eligibility Criteria

PNB Housing offers hassle-free Home Improvement Loans with relaxed eligibility criteria based on age, credit score,
and income.

Age: The applicant’s age should not be more than 70 years at the time of the
Home Improvement Loan maturity.
Credit Score: CIBIL score must be 611 or above.
Profession: Salaried / Self-employed
Income: Applicant must have a stable job and a reliable source of income

Adding a co-applicant can help you get higher loan amount approvals with the best Home Improvement Loan interest rates.

PNB Housing has relaxed Home Improvement Loan eligibility criteria along with a hassle-free application process and
quick disbursal. Anyone, whether an existing or new customer, can apply for a house renovation loan at reasonable
Home Improvement Loan interest rates.

Check your Eligibility

Steps to

Apply for a Home Improvement Loan

PNB Housing has a swift application process and minimum Home Loan document requirements. Check your eligibility using the Home
Loan eligibility calculator. Follow these steps to apply:

Step 1

Click on the Apply for Loan button to initiate your application.

Apply for Loan

Step 2

Enter your Basic details & loan requirements.

Step 3

An OTP will be shared on your mobile number to verify your details.

Insurance / Customer Safety at

PNB Housing

PNB Housing, for the safety and extended comfort of its customers, suggests that they should get their property and loan repayments insured to overcome an unfortunate event during the re-payment term of the loan.

For the convenience of customers, PNB Housing has tied up with various insurance companies to offer best-in-class products and services at their doorstep.

PNB Housing Finance Limited offers wide variety of insurance products to our loan customers.

List of Insurers is given below:

Segment	Company Name	Products Offered for Loan Customers
Life Insurance	Bharti AXA Life Insurance Company Limited	Bharti AXA Life Group Credit Protection Pro
	HDFC Life Insurance Company Limited	HDFC Life Group Credit Protect Plus
	PNB MetLife Insurance Company Limited	Met Complete Loan Protection
	Axis Maxlife Insurance Company Limited	Group Credit Life Secure
	Acko Life Insurance Company Limited	Acko Life Group Credit Protect
	Acko Life Insurance Company Limited	Acko Life Group Credit Shield Combi
General Insurance	ICICI Lombard General Insurance Company Limited	Group Secure Mind (Critical Illness Plan)
		Group Personal Accident
		Group Home Protect (Bharat Grih Raksha)
		Group CHI (Complete Health Insurance – HS360)
	TATA AIG General Insurance Company Limited	Group Credit Secure Plus
		TATA AIG Group EMI Protect
		TATA AIG Home Protect Policy
		Group Criticare 360
	Bajaj General Insurance Company Limited	Credit Linked Health Plan
	Bajaj General Insurance Company Limited	Bharat Griha Raksha Policy
	Universal Sompo General Insurance Company Limited	Group Credit Protection Policy
		Group Health Insurance
		Bharat Griha Raksha
	Go-Digit General Insurance Ltd	Digit Life Healthy Long Term Group Policy
	Go-Digit General Insurance Ltd	Digit Flexi Griha Raksha Policy
	IndusInd General Insurance Company Limited	Loanee Kavach (PA+CI+HC)
		IndusInd - Group Hospi Cash Insurance
		IndusInd Bharat Griha Kavach Group
Health Insurance	CARE Health Insurance Company Limited	Group Care 360
	NIVA BUPA Health Insurance Company Limited	Group Health Protect Plus
	Star Health and Allied Insurance Co Ltd	Star Group Health Insurance Benefit Plus Platinum - Plan A(54 - Critical illnesses) & Plan D (Personal Accident)
		Star Group Health Insurance Benefit Plus Platinum - Plan C (Equal Monthly Instalment)
		Star Group Health Insurance Benefit Plus Platinum - Plan- E (SGHI)

Disclaimer:

PNB Housing Finance Limited is registered with IRDAI (Insurance Regulatory and Development Authority of India) as a Corporate Agent (Composite) with registration number CA0862.

Participation in the insurance products by the loan customers is purely on Voluntary basis. There is no linkage either direct or indirect, between the provision of financial services offered by PNBHFL to its customers and the use of insurance products. The business is undertaken on fee basis without any risk participation.

Issuance of insurance policies is exclusively done by the respective insurance company based on their underwriting guidelines.

Acceptance / rejection of insurance claims is exclusively done by the respective insurance company.

Instant Loan in 3 minutes – Apply Now

Looking for Something Else?

Contact Us

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

SMS PNBHFL

You can also type an SMS stating PNBHFL and send it to 56161

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

SMS PNBHFL

You can also type an SMS stating PNBHFL and send it to 56161

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

Home Improvement Loan

Frequently Asked Questions

How can I get a better home renovation loan interest rate?

To secure better interest rates:

Maintain a High CIBIL score: 750+ CIBIL score
Stable Employment: Long tenure with current employer
Existing Customer: Banks often offer preferential rates
Higher Income: Demonstrates strong repayment capacity
Compare Lenders: Research multiple lenders for the best offers

What are the home renovation loan eligibility criteria?

Eligibility requirements include:

Property Ownership: Must own the property being renovated
Age: 21-70 years at loan maturity
Income: Stable monthly income for EMI repayment
Credit Score: Good credit history with a minimum 611 score
Property Age: Some lenders have restrictions on property age

What are the documents required for a home renovation loan?

Required documents include:

Personal Documents: KYC documents, income proof, bank statements
Property Documents: Property title deed, tax receipts
Renovation Details: Cost estimates, contractor quotations
Approvals: Municipal approvals if structural changes are involved

What credit score do I need to qualify?

For PNB Housing loans, the minimum CIBIL score requirement is 611. However, a score of 750+ significantly improves your chances of approval and helps secure better interest rates and loan terms.