YOU DESERVE A BEAUTIFUL HOME
A home is a reflection of its owner. Now you can enhance your home and make renovating your home as memorable and enjoyable as home buying. Keep it looking as good as new at all times with our home improvement loan.
Muthoot Housing offers loans for repair and renovation for refurbishing your home for amounts varying from Rs 2 lakh to Rs 50 lakh.
Get up to 80% of the value of the home you want to renovate or refurbish.
The flexible tenure options for our home improvement loans are up to 20 years.
The property is mortgaged until you repay the loan amount in full.
Use our free and easy to use installment calculator to calculate your home loan installments.
You can take a loan to repair or renovate an already owned home or flat. You can use the loan amount for painting, tiling, flooring, water-proofing, roofing, plumbing and electrical work.
Indian citizens, both salaried or self-employed, can apply for our home loans for renovation
To get a loan for house repair, your age should be at least 21 years at the time of applying and 65 years at the end of the loan tenure.
The property you wish to renovate or repair should be within the geo-limit of an MHFL branch office.
You should have a bank account. All owners of the property being financed and all individuals whose income has been considered for the loan have to be co-applicants to the loan.
When applying for a loan for house renovation, you are required to submit Government approved address and identity proof documents. Bank/ITR statements and ownership documents (if applicable) are also required.
Sign up for a home improvement loan with a co-applicant. Our customer care executives help you fill the loan application form and complete the process.