Improving what you already own
Repair, extend or redo the house you already have.
A renovation loan funds work on a property you own — rewiring, a new kitchen, an extra room, waterproofing, a full interior redo. It is secured against the same property, which is why it costs far less than a personal loan for the same work.
- Interest range p.a.
- [7%–11%] Interest range p.a.
- Of the estimate
- up to 90% Of the estimate
- Maximum tenure
- 15 years Maximum tenure
Why through JSR
What you get
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Much cheaper than a personal loan
Because your property secures it, the rate is roughly half what an unsecured loan for the same work would cost.
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Structural or cosmetic
Extensions, plumbing and rewiring, waterproofing, flooring, a new kitchen, painting — most lenders fund all of it.
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Top-up on an existing loan
If you already have a home loan with a good record, a top-up is often faster and cheaper than a fresh renovation loan.
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Tax relief on the interest
Up to ₹30,000 a year is deductible on a self-occupied property — inside the overall ₹2 lakh limit.
At a glance
Home Renovation Loan details
- Loan amount
- Typically ₹1 lakh to ₹50 lakhDriven by the estimate and the property's value
- Funding
- Up to 80–90% of the renovation estimateYou fund the remainder yourself
- Tenure
- Up to 15 yearsShorter than a home loan; some lenders allow 20 on larger amounts
- Processing fee
- [0.5%–1%]Varies by lender
- Disbursement
- Lump sum or in stagesLarger structural work is usually staged like a construction loan
- Tax deduction
- Up to ₹30,000 on interestSection 24(b), self-occupied property, within the overall ₹2 lakh cap — old regime only
Is this you?
Who this suits
- You own the property outright or have a home loan on it in good standing
- The work is on an existing structure, not new construction on empty land
- You have a written estimate from a contractor
- Structural changes have local authority approval where one is required
Documents
What you will need
About the property and the work
- Sale deed and title documents
- Latest property tax receipt
- Contractor's written estimate, itemised
- Approved plan, if the work is structural
- Existing home loan statement, if there is one
About you
- PAN, Aadhaar and photographs
- Salaried: 3 months' payslips, Form 16
- Self-employed: 2 to 3 years' ITR
- 6 months' bank statements
We tell you which of these your lender actually wants before you gather anything.
Plan your EMI
What would it cost a month?
Move the sliders for an indicative EMI. Your actual rate depends on the lender, the property and your credit profile — this is a starting point, not a quotation.
EMI Calculator
Instant estimateYour monthly EMI
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- Total interest
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- Total payable
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Indicative only. Your actual EMI depends on the lender, loan amount and credit profile.