Home improvement and extension
Finance renovation, repairs or an extension to the home you already own: a new kitchen, flooring, waterproofing, or an additional floor for the family. The loan is based on the work estimate and your eligibility.
What you can use it for
- Flooring, kitchen, bathrooms, plumbing and wiring
- Painting, waterproofing and structural repairs
- Adding a floor or extra rooms
- Exterior work such as boundary walls
Who it suits
- Owners of a self-occupied or rented-out home
- Existing home loan borrowers, often as a top-up
- Salaried and self-employed applicants
Eligibility
General guidelines. Each bank has its own policy, and we match your profile to the bank most likely to approve it.
| Ownership | Home in the applicant’s or co-applicant’s name |
|---|---|
| Estimate | Cost estimate from a contractor, engineer or architect |
| Approvals | Approved plan for extensions and additional floors |
| Income | Regular income to support the EMI |
- Cost estimate for the work
- Property ownership documents
- Approved plan for extension or additional floor
Questions
Is a top-up better than a separate loan?
If you already have a home loan, a top-up is often simpler and cheaper. We will compare both for you.
Can I use it for furniture?
Generally no. Banks fund fixed improvements to the structure, not movable furniture or appliances.
Other loans
Talk to Mukesh Kumar
Share the property details and your income. You will know your likely eligibility and the right bank in the same call.
