Sundaram Home Finance Home Improvement Loans
Change your living space with Sundaram Home Finance Home Improvement Loans. Whether you're looking to remodel your kitchen, renovate your bathroom, or even just give your home a new coat of paint, Sundaram makes it easy and affordable to remodel your home with their competitive rates and flexible tenures. With NoBroker's comprehensive support, the entire application, document processing, and disbursal process is made easy in the comfort of your own home.
Sundaram Home Finance Home Improvement Loans
Your dream house is worth adapting to your way of life. From a fresh modular kitchen, a contemporary bathroom renovation, or new flooring, upgrading your space can give your home a whole new lease on life. Sundaram Home Finance Home Improvement Loans provides you with the funds to make these visions come true—swiftly, conveniently, and economically.
Apply with NoBroker and enjoy a smoother, quicker, and more transparent loan experience from beginning to end.
What is a Home Improvement Loan?
A home improvement loan is a secured loan in which money is lent especially for remodeling, repairing, or renovating your current home. Unlike personal loans, home improvement loans typically offer:
- Lower interest rates
- Longer tenures
- Higher loan amounts
- Tax benefits under Section 24(b)
Why Choose Sundaram Home Finance Home Improvement Loans via NoBroker?
Sundaram Home Finance Home Improvement Loans provides customized loans that are specifically tailored to the individual requirements of homeowners. By applying through NoBroker, not only do you get to avail of Sundaram’s products, but you also have the advantage of personalized end-to-end assistance.
Key Features & Benefits
| Feature | Details |
| Loan Purpose | Renovation, repair, or remodeling of an existing house |
| Loan Amount | Based on the applicant profile and renovation estimate |
| Interest Rate | Competitive rates (varies as per applicant profile) |
| Loan Tenure | Flexible repayment options with extended tenure |
| Quick Disbursal | Fast processing and minimal documentation |
| Wide Reach | 120+ branches across India |
| Insurance Cover | In association with Royal Sundaram |
| Legal & Technical Support | In-house team for due diligence |
| Digital Support | Apply and track your application seamlessly via NoBroker |
Eligibility Criteria for Sundaram Home Finance Home Improvement Loans
For Resident Indians (Salaried or Self-employed)
- Age: 21–65 years
- Stable income with verifiable proof
- Ownership of the home being renovated
For NRIs / PIOs / OCIs
- Valid Indian passport (for NRIs)
- Valid PIO/OCI card (if applicable)
- Proof of overseas address and employment
Note: Co-applicants (like spouses or parents) can help enhance loan eligibility through Sundaram Home Finance Home Improvement Loans.
Documents Required for Sundaram Home Finance Home Improvement Loans
Documentation could be slightly different depending on your occupation (salaried/self-employed) and residence status (resident/NRI/OCI/PIO), but here’s a brief overview:
- KYC Documents (Proof of Address and Identity)
- PAN Card (required for all applicants)
- Aadhar (masked), Passport, Driving License, Voter ID, or NREGA Job Card
- In case the current address is not available on OVD: Recent utility bill (not more than 2 months old), property tax payment receipt, PPO, or employer allotment letter
- For NRIs/PIOs/OCIs: Passport and foreign address proof are required
Income Documents
Salaried Individuals
| Document | Description |
| Salary Slips | Latest 3–6 months (depending on salary variability) |
| Form 16 | Applicable wherever relevant |
| Bank Statements | Last 6 months (salary credit and EMI debit) |
NRI/OCI/PIO Salaried
| Document | Description |
| PIO/OCI Card | For foreign passport holders |
| Work Visa or Permit | Valid employment documentation |
| POA | Duly signed Power of Attorney (SHFL format) |
| Salary Documents | 3 months’ salary slips and 6 months’ salary credit bank statements |
| NRE/NRO Account Statements | Last 6 months |
| CDC | For merchant navy professionals |
Self-Employed Individuals
| Category | Required Proof |
| Business Registration | GST, MSME, Factory License, etc. (anyone) |
| Income Tax Returns | Past 2 years with the balance sheet, P&L, and tax computation |
| GST Returns | Latest 1 year (where applicable) |
| Bank Statements | 12 months’ primary business account and EMI account |
Additional for LLPs / Firms / Companies
- Partnership deed / MOA / AOA / Board Resolution
- Company/Firm PAN card
- Shareholding pattern (attested by CA)
- Beneficial ownership declaration
- Legal Entity Identification Number (LEI), if applicable
Property Documents
Even though you’re not buying a new property, Sundaram Home Finance Home Improvement Loans require verification of ownership and work-related permissions.
| Type of Renovation | Required Documents |
| Construction on Owned Plot | Ownership proof, building plan approval |
| Flat Purchased from Builder | Allotment letter, builder agreement, etc. |
| Resale House or Flat | Sale deed, encumbrance certificate, tax receipts |
| POA-based Renovation | Registered Power of Attorney document |
Why Take Sundaram Home Finance Home Improvement Loans from NoBroker?
Here’s why taking a loan from NoBroker is a game-changer:
Zero Brokerage
No hidden fees, no broker commission—ever.
Dedicated Relationship Manager
From documentation to approval, we assist you every step of the way.
100% Digital Process
Apply, upload documents, and monitor your application without leaving your home.
Eligibility Check & Loan Comparison
Get an instant eligibility check and compare offers from multiple banks, including Sundaram, to choose the best deal.
How to Apply for Sundaram Home Finance Home Improvement Loans via NoBroker?
Step-by-Step Process:
- Visit NoBroker’s Loan Section
- Select ‘Home Improvement Loan’
- Fill in Basic Details (Property Type, Location, Loan Amount)
- Get Instant Eligibility Check
- Upload Required Documents
- Get a Loan Offer from Sundaram
- Quick Approval and Disbursal
Turnaround Time: Most applications for Sundaram Home Finance Home Improvement Loans are processed within 48–72 hours when applied via NoBroker.
Tax Benefits on Sundaram Home Finance Home Improvement Loans
While principal repayment is not eligible for tax deductions, interest paid on home improvement loans is eligible for deduction up to ₹30,000 under Section 24(b) of the Income Tax Act—provided the house is self-occupied.
Final Thoughts
Sundaram Home Finance Home Improvement Loans is ideal for homeowners who want to refurbish their abode without breaking a sweat. Through NoBroker, your lending partner, you get experienced guidance, hassle-free documentation, and speedy approval.
Make your dream renovation come to life—apply for a Sundaram Home Finance Home Improvement Loans at NoBroker today!
