Absolutely! RING offers personal loans tailored specifically for home renovation. Whether you're looking to make minor upgrades or undertake a complete overhaul, our personal loan for home renovation is designed to help you achieve your goals with minimal hassle. You can finance everything from painting and flooring to complete room redesigns, allowing you to bring your vision to life without delay.
Transform Your Home with a Loan
Make your home renovation simple
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Home Renovation Loan
Elevate your home with a seamless personal loan for home renovation. RING offers easy approvals for up to Rs. 5 lakhs, with no hidden fees or complicated paperwork. Choose repayment terms that suit you—anywhere from 3 to 24 months. The 100% digital process means quick approval and funds disbursed to your account in under 5 minutes. With competitive interest rates and flexible options, transforming your space has never been easier. Get started today with a personal loan for home improvement, and bring your vision to life without worrying about the finances.
Benefits of Home Renovation Loans
Quick Approvals: Get your personal loan for home renovation approved in minutes
Flexible Repayment Plans: Choose a repayment plan that aligns with your budget.
Instant Funds: Receive up to Rs. 5 lakhs for your home improvement project instantly.
Hassle-Free Process: No paperwork, no collateral—just a smooth, paperless experience.
Features of Personal Loans for Home Renovation
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
We've made it easy and convenient to apply for an Home Renovation personal loan with us.
Follow these simple steps to get started:
Applying for an instant personal loan with us is quick and hassle-free. Just follow these easy steps to get started on your journey to transforming your home!
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Personal Loan For Home Renovation EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Home Renovation Personal Loan
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a Home Renovation loan for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Anjali
Mumbai
I used RING to finance my kitchen renovation, and the process was incredibly smooth! The quick approval meant I could start right away. What really stood out to me was how easy the application process was—I didn’t have to step outside or worry about cumbersome paperwork. RING gave me the flexibility I needed with the repayment terms, allowing me to focus on what truly mattered: building the kitchen I’ve always wanted. I highly recommend RING to anyone looking for a personal loan for home renovation. It was a seamless experience from start to finish!
Rahul
Delhi
RING helped me fund my home improvement with ease. The flexible repayment options made it stress-free! When I decided to renovate my living room and upgrade my furniture, I was worried about the financial aspect. But with RING’s instant loan approval, I didn’t have to wait or stress. I loved how everything was done online, and within minutes, I had the funds transferred to my account. The transparency with the interest rates and no hidden fees was a huge bonus. Now, my living room looks stunning, and I’m paying it off at my own pace.
Priya
Bangalore
I loved the seamless application process with RING. No paperwork, no hassle! Renovating my bathroom was something I had put off for years due to financial constraints, but RING made it possible. The app was incredibly easy to navigate, and I appreciated how quickly the loan was approved and disbursed. What impressed me most was the customer service—it felt like I was being guided by a friend rather than a loan provider. If you’re looking for a personal loan for home improvement, RING should be your go-to!
Vikram
Pune
The instant disbursement was a lifesaver when I decided to renovate my home on a whim! I hadn’t planned a major overhaul, but when I stumbled upon some great deals for home improvement, I knew I had to act fast. RING came to the rescue with their quick approval and instant transfer of funds. I could jump on the opportunity and remodel my bedroom in no time. The repayment options were flexible, which gave me the freedom to manage my finances without stress. RING made it all possible with their seamless service.
Sneha
Chennai
RING was the best choice for my home renovation loan. Easy, quick, and no hidden costs! After a thorough search for a personal loan for home renovation, I found RING to be the most convenient option. What stood out was the transparency—there were no surprises or hidden charges, just straightforward terms and clear communication. The loan allowed me to add a modern touch to my home office, and now, working from home feels like a luxury. Thank you, RING, for making my home improvement journey so effortless and enjoyable.
Amit
Hyderabad
With RING, I transformed my house without worrying about the finances. Highly recommended! I wanted to give my house a fresh, modern look, but finding the right financial support was challenging. That’s when RING stepped in. The loan process was not only quick but incredibly simple. I appreciated how everything was laid out transparently—no hidden fees or complicated terms. Now, my home has been transformed into a stylish, cozy haven, and I’m paying it off without any pressure. RING truly made home renovation an exciting and stress-free experience!
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Got Questions? Let's get to them.
Can a Personal Loan be taken for home renovation?
What amount can I take as a loan for home renovation?
You can take a personal loan for home renovation for any amount up to Rs. 5 lakhs, depending on your specific needs and eligibility. This amount is perfect for both small-scale improvements, like repainting and refurnishing, or larger projects, such as remodeling an entire floor. With RING, you get the flexibility to finance your project exactly the way you want.
Is there an age requirement for an applicant applying for a home renovation loan?
Yes, applicants must be at least 21 years old to apply for a personal loan for home renovation through RING. Additionally, the applicant must be an Indian national and should have valid documents such as a PAN card and an Aadhaar card to complete the KYC process. We’ve made it easy to apply as long as you meet these basic criteria.
How to apply for a home renovation loan?
Applying for a personal loan for home renovation is quick and easy with RING. Simply download the RING app from your smartphone's app store, complete a quick digital KYC process, and get approval in under 5 minutes. The entire application process is online, so there’s no need for physical documentation or long waiting periods. Once approved, the loan amount is disbursed directly to your bank account, and you can start your renovation project immediately.
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