Home Renovation Loan
Looking for a loan to help fulfill home improvement desires?
Transform your living space in to your dream home with our personal loan for home improvement.
APPLY NOW
So, How does House Owner Loan work?
Why take House Owner Loan from LoanTap?
Home is where your heart is. Do not delay the decision of making your home, dream home.Get it designed or renovated now with LoanTap’s unique personal loan – House Owner loan.
Instant approval & disbursal
Flexible Repayment Option
Higher Loan Amount
Longer Loan Tenure
Minimum documents
Transparent Process
Basic Eligibility Criteria for availing availing Personal Loans with LoanTap
- Individuals with a minimum monthly income of INR 30,000
- Indian citizens/residents who are 21 years and above
Basic Documents required for availing Personal Loans with LoanTap
- PAN Card
- Salary Slips (Last 3 months)
- Salary Account Bank Statement (3/6 months)
- Address Proof
Personal Loan Product Suite
No matter what your requirement, use LoanTap’s Special Purpose loan to fulfill all your needs.
Flexible Repayment options
Final installment options for a loan will be decided based on your profile and inputs.
Term Loan
EMI Free
Step Up
Your Personal Loan, Your Way!
Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
Frequently Asked Questions
This loan is for house owners who need money for anything pertaining to their house, like home renovation, interior work, etc. This loan offers multiple repayment options viz., EMI Free, Step Up, and Term Repayment Plan.
LoanTap offers House Owner Loan ranging from Rs 50 thousand up to Rs 10 Lakhs. Final loan amount decision is taken on the basis of your eligibility and credit checks.
This loan is available to both salaried and business professionals. You only need to provide basic documents for loan processing.
For Salaried customers – PAN, Address proof, 6 months’ salary account statement, e-NACH mandate form, Additionally, the customers need to submit 3 months’ payslips or copy of Home Loan sanction letter. For Self-employed customers – PAN, Address proof, Copy of Home Loan sanction letter, Business proof, 6 months bank statement, e-NACH mandate form.
Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.
Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.
House Owner Loan offers 3 repayment options viz., Term Repayment Plan (Pay equal monthly installments throughout the tenure), Step Up Repayment Plan (interest only payment option for the initial 3 months, followed by fixed EMIs) and EMI Free (Interest payment every month and bullet payments towards principal outstanding every 6 months). The decision of the final repayment plan is taken on basis of your eligibility and credit checks.
Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.
