Why Choose a Home Renovation Loan?
Your home deserves the best — but renovation costs can be steep. A home renovation loan lets you upgrade now and repay in comfortable EMIs over time, keeping your emergency savings untouched.
What Can You Use It For?
- Modular kitchen or bathroom remodel
- Adding an extra room or floor
- Flooring, painting, and false ceiling work
- Solar panel installation
- Waterproofing and structural repairs
Eligibility Criteria
Most lenders require a CIBIL score of 650+, a stable income source, and property ownership proof. Al-Khair also considers self-employed applicants with good repayment history.
How to Avoid Overborrowing
Get two or three contractor quotes before applying. Borrow only what you need — your EMI should not exceed 35–40% of your monthly take-home pay.
A well-planned renovation loan adds value to your property while keeping your finances healthy.