Home Renovation Loan
Upgrade Your Home, Upgrade Your Life
Renovating isn’t just about making your house look pretty; it’s about real comfort, safety, and meeting your family’s practical needs. Whether it’s fixing a leaky roof or finally building that long-awaited extra bedroom, our home improvement loan makes every upgrade easy and stress-free.
We assess your real income and suggest the right loan amount
Minor repairs or major upgrades, all homeowners get the right loan
Flexible repayment tenure options available for your loan
Start and finish your renovations or repairs within 2 years
Eligibility for Home Renovation Loan
Criteria | Salaried | Self-Employed |
|---|---|---|
Maximum Loan Amount | ₹5 crore | ₹5 crore |
Age | 21 to 60 years | 23 to 70 years |
Bureau Score | 700+ or New to credit | 700+ or New to credit |
Work Experience / Vintage | Minimum 1 year in current company and 2 in total | Minimum 2 years in current business and 3 in total |
Minimum Income | ₹12,000+ per month | ₹1.5 lakh per annum |
Disclaimer: Subject to ICICI HFC internal policies
Paperwork Made Easy
How to Apply in 5 Simple Steps
Step 1: Submit Form
Fill out your loan application form online and submit basic documents
Step 2: Application Fee
Pay a non-refundable login fee of ₹3,000 onwards + applicable taxes to begin KYC and verification
Step 3: Verification & Approval
Our team will quickly check your application, assess your income, conduct other verifications like legal, technical and personal discussion
Step 4: Loan Sanction
Pay a processing fee of 0.5% - 3.0% of loan amount + applicable taxes when your loan is sanctioned
Step 5: Funds Disbursal
Your funds are released according to the actual progress of your renovation
Know Your Home Improvement Loan Charges Upfront
Charges | Details |
|---|---|
Interest Rate Range | Fixed Rate - 11.10% - 23.00% Floating Rate - 8.10% - 17.70% |
Login Fee | ₹3,000 onwards + applicable taxes |
Processing Fee | 0.5% - 3.0% of loan amount + applicable taxes |
A home renovation loan from ICICI HFC helps homeowners fund improvements, repairs, or extensions to their existing residential property. This house renovation loan makes it easier to manage the cost of upgrades, whether you’re remodelling interiors, carrying out major repairs, or enhancing your home’s structure.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.