Home Extension Loan
Add a floor or extra rooms to your existing home.
- Rates from
- 7.15%*
- Salaried
- Up to 30 yrs
- Self-employed
- Up to 20 yrs
- Customers
- New & existing
Quick answer: An LIC HFL home renovation loan funds repairs and improvements to a home you own (flooring, painting, plumbing, waterproofing, a new kitchen) at the same rates as a home loan, from 7.15% (CIBIL 825+). The term runs up to 30 years for salaried and 20 years for self-employed borrowers, and both new and existing LIC HFL customers can apply.
By Vijay Arjun V (B.Pharm, PGDM): authorised LIC HFL DSA since 2002 and DME (Direct Marketing Executive) appointed by LIC HFL. Terms checked on lichousing.com on 14 October 2026.
An LIC HFL Home Renovation (Home Improvement) Loan pays for repairs and improvements to the home you already own — at home-loan rates rather than personal-loan rates.
Who can apply
- Owners of a house or flat
- Salaried, self-employed, professional and NRI borrowers
- New and existing LIC HFL customers
Key features
- Up to 90% of property value for loans up to ₹30 lakh
- Up to 80% for loans of ₹30–75 lakh
- Up to 75% for loans above ₹75 lakh
- Repayment up to 30 years for salaried and 20 years for self-employed applicants
- Simple documentation, quick sanction and low EMI
What is the LIC HFL home renovation loan interest rate?
Renovation loans follow LIC HFL’s home loan rate card (loans up to ₹1 crore):
| CIBIL score | Salaried | Self-employed |
|---|---|---|
| 825 and above | 7.15% | 7.30% |
| 800–824 | 7.35% | 7.50% |
| 775–799 | 7.50% | 7.65% |
| 750–774 | 7.60% | 7.75% |
| 725–749 | 7.80% | 7.95% |
| 700–724 | 8.10% | 8.35% |
Current rates for every product: LIC HFL home loan rates, October 2026.
Renovation loan EMI at 7.15%
| Loan | 10 years | 15 years |
|---|---|---|
| ₹10 lakh | ₹11,688 | ₹9,072 |
| ₹15 lakh | ₹17,532 | ₹13,609 |
Try other amounts in the EMI calculator.
What can you renovate with the loan?
- Repairs: plastering, waterproofing, plumbing, electrical rewiring
- Upgrades: flooring, tiling, painting, kitchen and bathroom work
- Fixtures that become part of the house
Adding a floor or rooms is an extension, not a renovation; see the home extension loan. Already an LIC HFL borrower? A top-up loan may also suit you.
What you need to apply
- KYC and income documents for all applicants
- Title documents of the house or flat
- An estimate of the renovation work from an engineer, architect or contractor
- Society or association permission for flats, where required
Funding is capped at 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh, and LIC HFL’s technical team assesses the work and the property before sanction.
Source: lichousing.com home renovation loan page (features, rates by CIBIL score, funding limits, term), checked 14 October 2026. EMI figures are our calculations.
How Hyderabad Home Loans helps
- We check your eligibility and confirm whether this scheme is the best fit before you apply.
- We review your documents before they go to LIC HFL, so there are fewer queries later.
- We track your file with LIC HFL through sanction and disbursement.
*Starting rate for eligible borrowers, as published by LIC HFL (updated September 2026). Your rate depends on CIBIL score, loan amount, profile and LIC HFL credit policy — we confirm it before you apply.
Frequently asked questions
A renovation loan from LIC HFL is secured by your home, so it usually carries a much lower rate and a longer tenure than a personal loan.
Yes, the Home Renovation Loan is available to both new and existing customers.
Ownership documents for the property and an estimate of the renovation work, along with KYC and income documents.
Helpful guides
Compare
All LIC HFL loan products Other loans to consider
Home Construction Loan
Build a house on a plot you already own.
Loan Against Property
Raise funds against your completed residential house or flat.
Hyderabad Home Loans (Elite Financial Services) is an authorised Direct Selling Agent of LIC Housing Finance Ltd. Product names, features and rates are as published by LIC HFL; sanction, rate and terms are at LIC HFL’s sole discretion. Final eligibility is subject to lender assessment.