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Omozing Personal Loan · For home improvement
A new kitchen, a leak-proof bathroom, a fresh coat of paint or a rented flat made liveable: you can fund it with an unsecured personal loan, without mortgaging the home or waiting for a property valuation. Here is how to budget it and borrow sensibly.
Banks and housing finance companies offer “home improvement” loans that are secured against the property: you need to own it, submit title documents and wait for a technical and legal check. An unsecured personal loan works differently. It is assessed on your salary and credit record, needs no property papers, and the money goes to your bank account, so you decide which contractor, carpenter or showroom to pay.
Omozing offers the second kind. A home renovation loan from us is our standard unsecured personal loan, with the same limits and assessment as any other and no separate renovation rate. It suits projects from a few lakh up to the mid-teens of lakh, and borrowers who rent, who own jointly with family, or who simply do not want to mortgage their home for a kitchen.
Salaried people taking home ₹40,000 or more with a credit score of 600 or more, who need ₹1 lakh to ₹15 lakh for a defined project, want to start soon, and prefer a fixed EMI over 1 to 3 years.
Furnishing a rented flat, fitting out a newly handed-over apartment with wardrobes and a modular kitchen, or making a parent’s home safer with grab bars and better lighting.
For a structural rebuild or a project well above ₹15 lakh on a home you own with an existing home loan, a top-up or home improvement loan from your housing lender may cost less over a long tenure.
Costs swing widely by city, materials and finish. Published Indian renovation cost guides in 2025–26 commonly quote ranges like these. Treat them as a starting point and get at least three written quotes for your own home.
Ranges from published Indian renovation cost guides (for example NoBroker’s home renovation cost guide, updated July 2026), checked October 2026. Indicative only; the low end is basic finishes, the high end premium materials. Prices vary by city, labour and materials.
| Work | Indicative rate | Notes |
|---|---|---|
| Basic renovation | ₹500–800 per sq ft | Paint, minor repairs, fixtures |
| Mid-range renovation | ₹1,000–1,500 per sq ft | New flooring, kitchen and bath upgrades |
| Premium renovation | ₹1,800–2,500 per sq ft | Designer finishes, extensive carpentry |
| Painting | ₹30–100 per sq ft | Depends on emulsion, texture, interior or exterior |
| Flooring | ₹50–200 per sq ft (marble higher) | Vinyl and laminate at the low end |
Same sources as above; indicative, as of October 2026. Get written quotes before you borrow.
List exactly what will change in each room. Vague briefs (“redo the kitchen”) are where budgets double.
Ask for materials, labour, removal of debris and taxes as separate lines, with a payment schedule tied to milestones.
Hidden seepage, old wiring and plumbing surprises are common in older homes. Budget for them now rather than borrowing again mid-project.
Paying part of the cost yourself lowers the EMI and the interest. Even 20%–30% from savings makes a noticeable difference.
Keep all EMIs, including the new one, comfortably below half of your take-home pay. A renovation should not squeeze your rent or school fees.
Our guide to saving money on a home renovation has practical ways to cut the bill before you borrow.
An illustrative profile, not a real customer: Priya, a salaried professional in Bengaluru, takes home ₹95,000 a month. Her kitchen and two bathrooms are quoted at ₹6.2 lakh. She pays ₹1.2 lakh from savings and borrows ₹5 lakh.
| Tenure | Monthly EMI | Total interest | EMI as share of ₹95,000 take-home |
|---|---|---|---|
| 12 months | ₹44,191 | ₹30,290 | 47% |
| 24 months | ₹23,304 | ₹59,294 | 25% |
| 36 months | ₹16,369 | ₹89,297 | 17% |
Illustrative reducing-balance EMIs at 11% a year, our starting rate, before the processing fee (3%–7% + GST). Your rate depends on your credit profile and is shown in your Key Fact Statement.
The 12-month option saves the most interest but would take nearly half her salary, too tight with rent and other costs. The 24-month option is the balance: about a quarter of her pay, with roughly ₹30,000 less interest than 36 months. Run your own numbers on the EMI calculator.
| Amount | 12 months | 24 months | 36 months |
|---|---|---|---|
| ₹2 lakh | ₹17,676 | ₹9,322 | ₹6,548 |
| ₹3 lakh | ₹26,514 | ₹13,982 | ₹9,822 |
| ₹8 lakh | ₹70,705 | ₹37,286 | ₹26,191 |
| ₹10 lakh | ₹88,382 | ₹46,608 | ₹32,739 |
No sale deed, property tax receipt or contractor quote is needed for the loan itself.
Renovating a home you share with a spouse or parent? Adding them as a co-applicant can support a larger amount. If your score is between 600 and 750, read how we assess scores from 600.
Pay contractors by bank transfer or UPI against milestones and keep invoices, rather than handing over the whole amount on day one. It protects you if work stalls.
Check your eligibility and see your rate, fees and EMI in a Key Fact Statement before you commit. No property papers, no mortgage, and no upfront fee before approval.
| Option | Best for | Trade-offs |
|---|---|---|
| Savings | Smaller projects, or part of a larger one | Keep an emergency fund intact |
| Home loan top-up or home improvement loan | Owners with a housing loan and large projects | Secured on the home; property paperwork and valuation; longer process |
| Unsecured personal loan | ₹1 lakh to ₹15 lakh, owners or tenants, quick start | Higher rate than a secured loan; shorter tenure |
| Credit card EMI or showroom EMI | A single appliance or furniture purchase | Check the processing fee and whether “no-cost” means a lost discount |
| Loan against gold or other assets | Short-term needs if you hold the asset | Asset at risk if you miss payments; see secured loans against assets |
For a deeper look at how secured and unsecured borrowing differ, read secured vs unsecured loans and top-up loans explained. Tax treatment of interest on borrowing for home repairs depends on the loan and your situation; see tax and personal loans and check with a tax adviser.
Yes. Omozing’s personal loan is unsecured, so you do not need to submit title deeds or mortgage your home. You need a 6-month salary-account statement and your latest salary slip.
Yes. Because the loan is assessed on your salary and credit profile rather than the property, tenants can use it to furnish or fit out a rented home.
Omozing has no separate renovation rate. Personal loan rates start from 11% a year; your exact rate, processing fee and APR are in your Key Fact Statement before you sign.
Up to ₹25 lakh, depending on your salary, existing EMIs and credit profile. Size the loan from itemised quotes plus a 10%–15% contingency, minus what you can pay from savings.
Often yes for large amounts, because it is secured on your home and can run longer. It also needs property paperwork and takes longer. For mid-sized projects, or if you rent, an unsecured personal loan is usually simpler.
No. The loan is assessed on your income and credit record. Quotes are for your own budgeting, and we strongly recommend getting them.
Omozing considers credit scores from 600, along with a take-home salary of ₹40,000 or more. A credit officer reviews your full report, so the score alone does not decide the outcome.
Yes. The foreclosure and part-prepayment terms, including any charges, are set out in your Key Fact Statement and loan agreement.
Omozing is the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered non-deposit-taking NBFC. Loans are subject to credit assessment; the rate, fees and APR for your loan are set out in your Key Fact Statement before you sign. See our regulatory disclosures, schedule of charges and grievance redressal process.