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Home Improvement loan

  • Apply instant home improvement loan Online for Different Renovation Needs
  • Home Renovation Loan Starts from Rs. 2,00,000 and Goes up to Rs. 25,00,000.
  • Loans are Available on Fixed and Variable Interest Rates @12-16%* p.a
  • Easy Repayment Options with Flexible Tenure Ranging from 3 to 20 years

Home Improvement Loan by Muthoot FinCorp

Muthoot FinCorp offers home improvement loans through our sister concern Muthoot Housing Finance Company Ltd. We offer easy and convenience loans with flexible features. Do not let funds’ constraint stop you from making your home as livable and as lovely you would like it to be. Contact us now for a home renovation loan!

Benefits and Features of Home Improvement Loan from Muthoot FinCorp

A home improvement loan can be put to good use to make structural changes or repairs, as well as renovating the interiors of a room or the whole home. It is so simple to keep your dream home looking as good as new and in pristine condition! Our loans come with attractive interest rates and flexible repayments for all your home renovation needs.

Differential Loan Amounts & Interest Rates

Muthoot FinCorp offers finance from INR 2,00,000 to 25,00,000 for loan tenures ranging from ... read more 3-20 years. Loans are available on fixed and variable interest rates and usually, vary from 12-16%. With affordable interest rates, our loans are affordable and convenient – please get in touch with our customer care representative at 1800 102 1616 for more details.

Loans for Different Renovation Needs

You can use the loans for renovation of already owned residential property to carry out repairs of ... read more your house/flat, waterproofing & roofing, tiling & flooring, plumbing & electrical work and more.

Simple & Efficient Processes

We offer simple documentation, broad eligibility criteria and flexible repayment schedules as part of our home loan processes.... read more You can also count on us for more efficient loan processing, approvals and disbursals through streamlined processes. Once your loan is approved, the amount is deposited in your account, for you to make your home look as good as new.

Home Improvement Loan

Home Improvement Loan Eligibility Criteria

We offer broad eligibility criteria to make home improvement loans accessible to all. Just fulfil the below-mentioned requirements and walk away with the desired amount for the desired home makeover job.

  • Minimum age at the time of application should be 21 years
  • Maximum age at the time of loan maturity should be 65 years
  • The applicant should either be salaried or self-employed
  • The applicant must own a bank account
  • There should be a Muthoot Blue branch in the borrower’s city
  • The co-owner of the property should be the co-applicant for the finance
Muthoot Fincorp Customer Care Service

Documents needed for Home Improvement

We provide home improvement loans without lengthy documentation requirements. Put together the following documents for quicker loan approval and disbursement.

Muthoot FinCorp is bound by and follows the KYC forms as per the regulator’s guidelines.

Address Proof (Any one of the document)

  • Passport / Ration card / Voter ID / Driving License / Registered Rental Agreement / Electricity or Landline bill issued within the previous 3 months

Identity Proof (Any one of the document)

  • Driving License / Voters ID Card / Passport / Ration Card / Driving License / Photo Credit Card / PAN Card / Employee ID card for Government servants

For Self-employed

  • Bank statement stating transactions for the previous three months

For Salaried Persons

Whether you are looking for a home loan to renovate or repair your home, you can contact our customer care representatives at
1800 102 1616 for more details.

How to Apply for Home Improvement Loan from Muthoot FinCorp

We are committed to your convenience and have therefore created several home improvement loan application and approval procedures which you can use as per your convenience. You can apply for a home loan in India in any one of the following ways:

  • Call

    You can call our toll-free number 1800 102 1616 and talk to our customer care executive for details to get started

  • Visit the nearest Muthoot FinCorp Branch

    You can visit the nearest Muthoot FinCorp branch and our customer care executives will help you through the process.

All the documents you share with us will be scrutinised and your eligibility criteria will be checked quickly to help expedite the home improvement loan approval and disbursement process. We are always ready to help our customers realize their home makeover dream.

Frequently Asked Questions

Home improvement loans are a line of credit extended for refurbishing a residential property. It’s a home loan variant providing credit for emergency repairs, extensions, flooring, roofing, plastering, plumbing, painting woodwork, or any other home repair or makeover job. The home loan for renovation is directly proportionate to the value of your property. Do remember, the loan amount will also take into account your repayment capacity.

A home improvement loan works in the same manner as a home loan. The major difference is that instead of buying a new home, you are using the loan amount for renovating the home you are staying in currently. You have to fill the application form, meet the eligibility, and provide the required documents to get a loan. The repayments are done in easy, flexible EMIs. Contact our customer care executive at 1800 102 1616 or walk into your nearest Muthoot FinCorp branch to understand how a home improvement loan works.

The tenure for home improvement loans may vary depending on the borrowed amount. At Muthoot FinCorp we offer flexible tenures, ranging from 3 to 20 years. It’s advisable to get an estimate for the home renovation job from vendors and workmen before applying – it will give you an exact idea of the total budget involved, and the loan amount needed.

Yes, home improvement loans are tax deductible under Section 24 of the Income Tax Act. The Act provisions tax relief for purchase and construction of a house along with repair and renovation. Please call our customer care executive at 1800 102 1616 or walk into your nearest Muthoot FinCorp branch to understand the deductibles and rebates applicable to you.

Home renovation costs vary as per the requirements. Muthoot FinCorp offers home improvement loans from 2 lakhs to 30 lakhs to meet all your repair and renovation need. We offer affordable interest rates and we do not charge any penalty or pre-payment fee. To know the exact amount you are eligible for, please contact our customer care executive at 1800 102 16161.

Muthoot FinCorp aims to make home improvement loans accessible to all. That’s why our eligibility criteria are simple. When taking a loan for home renovation, here are the criteria you are expected to fulfil:

Minimum Age at the time of application

21 years

Maximum age at the time of loan maturity

65 years




Salaried or Self Employed

You need to have a bank account to avail the loan

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First-hand account of customer experiences


Why Choose Muthoot Blue for Home Improvement Loan?

Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot FinCorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to the common man with Blue Soch. Hence, our home improvement loan services are designed to make it easy for you to maintain, upgrade or renovate your home!

You can trust Muthoot Blue because:

  • We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle.
  • Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
  • Our customer-centric approach and innovation over the past 133+ years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
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