Home Improvement / Renovation Loan

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HOME IMPROVEMENT / RENOVATION LOAN

Applying for a Home Improvement / Renovation Loan can be a daunting task, but with KIFS Housing Finance Ltd, you can make your dream of renovating or improving your home a reality. We are committed to providing affordable and hassle-free home improvement/renovation loans to all eligible individuals.
Our tagline “LOAN WAHI JO AAPKE LIYE SAHI” reflects our mission to help our customers achieve their dream of improving or renovating their homes. We believe that everyone deserves to have a place to call their own, and we are dedicated to making this happen for you.

Loan Amounts:

With KIFS Housing Finance, you can borrow a Home Improvement / Renovation Loan ranging from 1 lakh to 50 lakhs. Whether you are looking to renovate your kitchen, add an extension to your home, or improve your living space, we have a home improvement/renovation loan that suits your needs.

Interest Rates:

We offer competitive interest rates that are tailored to meet the needs of both salaried and self-employed individuals. Our interest rates are as follows:

SALARIED

SELF EMPLOYED

Loan Tenure:

Our Home Improvement / Renovation Loan tenure ranges from 1 to 20 years, depending on your needs and repayment capacity. We understand that renovating or improving a home is a long-term investment, and our Home Improvement / Renovation Loan tenure is designed to make the repayment process flexible and affordable for you.

Documents Required:

We require the following documents to process your Home Improvement / Renovation Loan application:
• Income Proof: Salary slips, bank statements, or Income Tax Returns (ITR) for the last three years.
• Identity Proof: Aadhar Card, Voter ID Card, Passport, or PAN Card.
• Age Proof: Birth Certificate, Passport, or Aadhar Card.
• Address Proof: Utility bills, Passport, or Aadhar Card.
• Employment Details: Appointment letter, salary slips, or employment certificate.
• Educational Proof: School/ Diploma/ Degree certificates.
• Bank Statements: Bank statements for the last six months.
• Home Improvement / Renovation Details: Details of the home improvement or renovation work you plan to carry out and an estimate of the cost.

Fees and Charges:

Once you have completed the formal application and document submission process, you need to pay a processing fee to maintain your loan account. Our processing fee for your home improvement/renovation loan application is minimum and varies based on the loan amount.

At KIFS Housing Finance Ltd, we understand the importance of improving or renovating your home, and we are committed to helping you achieve your dream. Our team of experienced professionals will guide you through the entire Home Improvement / Renovation Loan process, from application to disbursement, ensuring that your experience is stress-free and hassle-free.
Apply for a Home Improvement / Renovation Loan online with KIFS Housing Finance Ltd today and take the first step towards improving or renovating your dream home!

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Approach for gradation of risk: The risk premium will be decided on a case to case basis as decided by the KIFSHFL. The approach for gradation of risk is based on factors such as nature of loan, credit worthiness of the borrower, nature of security, nature of the Product, type of asset being financed, borrower profile, repayment capacity, borrower’s other financial commitments, past repayment, tenure of the loan, geography (location) of the borrower, end use of the loan as represented by the underlying asset etc. Such information is collated based on the borrowers input, credit bureau and field inspection by the KIFSHFL officials. While deciding the interest rate and other charges, the rate offered by the Competitors in the market would also be taken into consideration. Please refer website for updated detail of rate of interest