House Renovation Loans | Notion

https://www.paisabazaar.com/home-loan/home-renovation-loan/

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.40% - 10.15% p.a.	8.40% - 10.05% p.a.	8.40% - 10.05% p.a.
HDFC Bank Limited	8.35% p.a. onwards	8.35% p.a. onwards	8.35% p.a. onwards
LIC Housing Finance	8.40% – 10.35% p.a.	8.40% – 10.55% p.a.	8.40% – 10.75% p.a.
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.
Punjab National Bank	8.45%-10.25% p.a.	8.40%-10.15% p.a.	8.40%-10.15% p.a.
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.
Union Bank of India	8.35% – 10.75% p.a.	8.35% – 10.90% p.a.	8.35% – 10.90% p.a.
IDFC First Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
L&T Finance Limited	8.60% p.a. onwards	8.60% p.a. onwards	8.60% p.a. onwards
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Tata Capital Housing Finance	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards

Note: Interest rates as on 27th October 2023

https://www.creditmantri.com/article-top-5-home-renovation-loans-in-india/

Top Bank	Interest Rates
PNB Housing Home Renovation Loan	8.75% to 11.15%
HDFC Home Renovation Loan	8.50% to 9.00%
Bajaj Finserv Home Renovation Loan	8.50% to 14.00%
Kotak Mahindra Home Renovation Loan	8.85% to 9.40%
Bank of Baroda Home Renovation Loan	9.15% to 10.60%

PNB Housing Home Renovation Loan

Features

PNB Housing offers loan amounts up to 90% of the market value of the property.
Interest rates are in the range of 8.75% to 11.15% per annum for salaried applicants and professionals.
For businessmen, the interest rates range from 8.75% to 11.15%.
There is no upper cap on the amount available as a home renovation loan.
The maximum repayment tenure available is 30 years **(**Property should be mortgaged to avail of this facility)

Bank of Baroda Home Renovation Loan

Loan amounts upto Rs. 1 crore in semi-urban centers, Rs. 5 crores in metropolitan cities, and Rs. 10 crores in Mumbai.
A moratorium period of 36 months is provided on these loans with the maximum repayment tenure being 30 years. This is including the moratorium period
Interest rates are linked to MCLR
No foreclosure charges were levied by the bank.

Bajaj Finserv Home Renovation Loan