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Fullerton India Home Finance Co. Ltd. is now SMFG India Home Finance Co. Ltd.

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Home Improvement Loan
Home Renovation Loan
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Home Renovation Loan


Your home is more than just a place of residence. You celebrate special milestones and create a lifetime of memories. A home also reflects your personality and preferences. Hence, your family and you would be keen on improving your home as per the latest trends. These changes could range from painting some rooms to making structural changes.

With a Home Renovation Loan or Home Improvement Loan offered by SMFG Grihashakti, you can carry out the necessary improvements conveniently.

Apply Now

Features Home Improvement Loans

Improvement of all kinds

Be it structural or major repairs or renovation or plastering or painting, our home renovation loans cover all your requirements so that you don’t have to run to secure funds

Home Loan

Easy on your pocket

With our affordable interest rates, a SMFG Grihashakti home renovation loan is easy on your pocket. Furthermore, you can easily calculate your EMI using the home loan calculator and select a tenure so that the EMI fits within your budget.

Home Loan EMI

Flexible tenure

You can opt for longer repayment tenure to reduce the EMI of your home renovation loan. Thus you can manage your finances easily without hampering your lifestyle.

Home Loan

Hassle-free documentation process

The documentation process for a home renovation loan includes KYC documents, proof of income and bank statements, which enables easy and quick processing of the loan.

Benefits of taking Home Renovation Loan

Transform your house into a home today: Have you always wanted to change the interior design of your house? Have you been postponing the painting of your room? Then don’t delay further. Thanks to a home renovation loan, you can change the way your house looks.

Make your loved ones happy:A home renovation loan allows you to make various changes in your home that would be appreciated by your family members.

No need to use your savings: By availing home renovation loan, you don’t need to redeem your investments or deposits. Thus, your financial situation remains protected.

Asset value:Well maintained and upgraded homes can fetch you a much better price in the market if you plan to sell your property

Home Renovation Loan Interest Rate

SMFG Grihashakti offers affordable home improvement interest rates so that every customer can get the financing they need to renovate their home as per their desires and repay the loan in easy EMIs that easily fits in the budget.

Documents required for Home Renovation Loan

Type of Document Salaried Self-employed
Proof Of Identity
  • PAN Card
  • Voters ID
  • Driving License
  • Employee Card
  • PAN Card
  • Voters ID
  • Driving License


Proof Of Income
  • Last 3 months’ salary slips
  • 2 years’ Form 16
  • 6 months’ bank statement with salary credits
  • Last 2 years’ ITR with computation
  • CA audited Financial wherever applicable
  • 6 months primary bank statement
Proof of Residence
  • Aadhaar Card*
  • Latest Electricity bill/piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill
  • Aadhaar Card*
  • Latest Electricity bill/piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Renovation estimates from the architect or interior designer will also be required.

*Terms and conditions applicable. Loans are sanctioned at the discretion of SMFG Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Home Renovation Loan eligibility criteria

The home renovation loan eligibility criteria include:

For salaried

  • Must be employed in any of these - multinational companies/publicly listed companies/government organization/private ltd. company/partnership firms/proprietorship firms

For Self-employed

  • Self-employed individual businessman/ sole proprietor
  • Self-employed professionals like doctors, CA, Architects
  • Partnership firms
  • Private ltd. co., closely-held and unlisted companies

Home Improvement Loan FAQs

What is a home improvement loan and how does it work?

A home improvement loan is a type of home loan, which is available for undertaking renovation, repair, and furnishing related work in existing house property and works similar to a home loan.

How do I apply for a home improvement loan?

You can apply for home improvement loan online through our website and we will get back to you. Or, you can visit the nearest Fullerton India Home Finance branch.

What is the maximum home improvement loan that I can obtain?

Generally, up to 90% of the home improvement budget is sanctioned as a loan. It also depends on the borrower’s financial profile and repayment capacity.

How do I repay a home improvement loan?

You can repay a home renovation loan through

  • ECS (electronic clearing system)
  • Post-dated cheques (PDCs)
  • Online by clicking on the "Pay EMI" button from the top menu of this page
  • Using the customer login section of the website
Which factors affect your home improvement loan eligibility?

The factors that affect your home renovation loan eligibility include credit score, your financial profile, repayment capacity, property type and architect or interior designer’s home improvement expenses. Please also note that eligibility will also depend on the policy of SMFG Grihashakti at the time of loan application.

How to get a home improvement loan with ease?

The major requirements for getting a home improvement loan online or offline with ease are a good credit score, excellent credit history, stable income, and a low debt-to-income ratio. You can check your eligibilty and apply online by clicking on the "Apply now" button on this page.

How long does it take to get a home improvement loan sanctioned?

Subject to fulfilment of eligibility criteria, submission of necessary documents and physical verification, one can get a home improvement loan in the shortest possible time. To speed up the process, you can apply for home improvement loan online.

What are the types of rate of home improvement loan interest offered by Grihashakti?

We offer affordable home improvement interest rates. Based on your credit profile and repayment tenure, the best possible rate of interest on your loan will be offered. SMFG Grihashakti provides a floating rate of interest.





Home additions such as kitchen expansions and additional bedrooms or even an additional floor all add square footage and value to a home. Expansion includes alteration in the current structure of the residence to add extra space such as ...

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Happy Owners

Happy Homes
Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad
Pujan N. Maniar Family, Ahmedabad
Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka
Rupam Das Family, Kolkata
Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam
Mr. R Sarvanakumar, Chennai
N. Durga family, Chennai
P. Vasanthakumari family, Chennai
Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam
Mr.Hemant Chandramani, Rajkot
Y. Sai Kumari Family, Vishakhapatnam

“Owning a home brings in a sense of satisfaction and pride. The representative from SMFG Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to SMFG Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Pujan N. Maniar Family, Ahmedabad

“We are really happy to shift to our own place. Thanks to SMFG Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the SMFG Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

Rupam Das Family, Kolkata

“We were looking for a home of happiness and peace. Thanks to the SMFG Grihashakti team, who helped us to realise this dream of ours. Our home has been very lucky for us – ever since we have shifted to our new home, prosperity followed!”

Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam

“I was very excited when I moved to my first home. Along with purchase of my new home, I also needed some funds to renovate my home. SMFG Grihashakti has been very cooperative and made my loan process very smooth. I love the balcony of my house, where I see birds chirping every morning."

Mr. R Sarvanakumar, Chennai

“Our new house is very special to me as it was the first house after our daughter was born. With SMFG Grihashakti we completed the loan process very smoothly. I love the hall of my house, where I can watch my daughter play.”

N. Durga family, Chennai

“The best part of our new home is its locality! Situated near a children’s park, now our children get to play during evenings. Service from SMFG Grihashakti has been wonderful with speedy and hassle-free loan process.”

P. Vasanthakumari family, Chennai

“Having a home is a special feeling and we experienced this when we moved from our rented accommodation to our own home. We feel fortunate to come across Grihashakti, who made the entire loan journey so simple and fast. My favourite place in the home is the living room, where I can relax with my wife after a day’s work."

Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam

“It was a great feeling to own my first home. I am thankful to SMFG Grihashakti for their assistance throughout the loan process. Now my home being closer to my workplace, I can spend a quality time with my family”

Mr.Hemant Chandramani, Rajkot

“Staying in a home of your own has its own comforts. And if it is your first home, the feeling becomes more special. Thanks to SMFG Grihashakti as they helped us to realise our dream. The entire home is very special to us as we build sweet memories every day.”

Y. Sai Kumari Family, Vishakhapatnam

“A home of your own makes you feel independent. My mother was so happy when I shifted her to my own home. SMFG Grihashakti has been really helpful in making the entire loan process smooth and hassle-free. The favourite place at my home is the living room where I can spend quality time with my mother.”

Ms.Reema Chandiramani, Bhopal

Our home being the first home of our own is very special to me. It has also been a symbol of security for us. SMFG Grihashakti has been really quick in their processes and helped us through the entire loan process. Every corner of our home reflects a part of us – happiness and peace!"

Mr. & Mrs. Dinesh Sharman, Bhopal

I really feel proud to own my first home. I am thankful to Grihashakti, as the employees were so cooperative that I didn’t have to visit the branch repeatedly. My favourite in the home is balcony, from where I can see the vast sky."

Ms.Anju Saini, Kishangarh

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.)
CIN number: U65922TN2010PLC076972

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