Sundaram Home Finance Home Improvement Loans
Sundaram Home Finance provides home loans at attractive interest rates starting from 10.00% p.a. for salaried individuals and 10.50% p.a. for self-employed applicants. The company ensures a quick loan approval process, promising to sanction home loans within 10 working days, provided all documents are in order, the property has a clear title, and the borrower has submitted proof of their contribution.
Sundaram Home Finance Home Improvement Loans Highlights
| Feature | Details |
| Interest Rate (APR) | Salaried: 10.00% p.a. onwards
Self-Employed: 10.50% p.a. onwards |
| Processing Fees | Up to 0.75% of the loan amount + applicable GST (typically ₹5,000 – ₹10,000 depending on loan type and borrower profile) |
These Sundaram Finance home loan highlights make it easy to understand the interest rates and processing fees for both salaried and self-employed applicants.
Sundaram Home Finance Home Improvement Loans
Your dream home deserves upgrades that match your lifestyle. Whether it’s a modern modular kitchen, a stylish bathroom renovation, or new flooring, enhancing your space can transform your home completely. Sundaram Finance housing loan makes it easy to fund these improvements quickly, conveniently, and affordably.
Apply through NoBroker and enjoy a smoother, faster, and transparent experience with Sundaram housing loan or Sundaram housing finance from start to finish.
Sundaram Home Finance Home Loan Interest Rates
| Applicant Type | Interest Rate (p.a.) |
| Salaried | 10.00% onwards |
| Self-Employed | 10.50% onwards |
The Sundaram Home Finance Home Improvement Loans may vary based on factors like loan amount, credit score, and loan type, helping you get a tailored solution for your housing needs.
Types of Sundaram Home Finance Home Loan Schemes
1. Home Improvement Loans
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Purpose: Ideal for existing or new applicants looking to renovate or remodel their homes, or purchase immovable furniture and fixtures.
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Tenure: Up to 15 years or until the applicant’s retirement age, whichever is lower.
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Keyword Focus: Sundaram finance home loan
2. Home Extension Loans
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Purpose: For those planning to add extra space to their apartment or individual home, Sundaram Home Finance provides Home Extension Loans.
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Tenure: Up to 20 years or until retirement age, whichever is lower.
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Keyword Focus: Sundaram home finance
3. Home Loan Top-Up
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Purpose: Designed to meet personal commitments, holidays, gifts, or emergencies. Borrowers can apply for a top-up home loan 12 months after the final disbursement of their existing loan and upon possession or completion of the property.
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Tenure: Up to 15 years or until retirement age, whichever is lower.
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Security: Secured against the existing property financed by the HFC or other collateral as required.
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Keyword Focus: Sundaram finance housing loan
4. Take Over Loans
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Purpose: Transfer outstanding home loans from other banks or HFCs to Sundaram Home Finance at lower interest rates. Top-up loans are also available on takeover loans.
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Keyword Focus: Sundaram finance home loan
These Sundaram finance home loan schemes provide flexible options to renovate, extend, or manage your finances effectively while enjoying competitive interest rates and convenient repayment plans.
What is a Home Improvement Loan?
A home improvement loan is a secured loan designed specifically for remodeling, repairing, or renovating your home. Compared to personal loans, a Sundaram housing loan or Sundaram housing finance loan typically offers:
- Lower interest rates
- Longer repayment tenures
- Higher loan amounts
- Tax benefits under Section 24(b)
This makes it a convenient and cost-effective way to upgrade your home.
Why Choose Sundaram Home Finance Home Improvement Loans via NoBroker?
Sundaram Home Finance offers Home Improvement Loans that are customized to meet 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
- Income: Stable income with verifiable proof
- Property: Must own the home being renovated
For NRIs / PIOs / OCIs:
- Documentation: Valid Indian passport for NRIs, or PIO/OCI card if applicable
- Proof: Overseas address and employment documents
Note: Adding a co-applicant (spouse, parent, or family member) can enhance loan eligibility for a Sundaram finance home loan or Sundaram finance housing loan.
Documents Required for Sundaram Home Finance Home Improvement Loans
Required documents may vary slightly depending on your employment type and residency status, but typically include:
- KYC Documents: Proof of identity and address
- PAN Card: Mandatory for all applicants
- Address Proof: Aadhar (masked), Passport, Driving License, Voter ID, or NREGA Job Card
- Alternate Address Proof: If current address is not on official ID, submit recent utility bill (within 2 months), property tax receipt, PPO, or employer allotment letter
- For NRIs/PIOs/OCIs: Passport and proof of foreign address
These requirements make it simple and convenient to apply for a Sundaram home finance or Sundaram Home Finance Home Improvement Loans.
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 | The 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 the 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 via NoBroker?
Here’s why applying through NoBroker makes the process simple and convenient:
- Zero Brokerage: No hidden fees or broker commissions.
- Dedicated Relationship Manager: Guidance at every step, from documentation to approval.
- 100% Digital Process: Apply, upload documents, and track your loan online from home.
- Eligibility Check & Loan Comparison: Instantly check your eligibility and compare offers from multiple lenders, including Sundaram housing loan options, 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, and loan amount
- Get an instant eligibility check
- Upload required documents
- Receive a loan offer from Sundaram housing finance
- Quick approval and disbursal
Turnaround Time: Most applications are processed within 48–72 hours when applied via NoBroker.
Tax Benefits on Sundaram Home Finance Home Improvement Loans
While principal repayment isn’t eligible for tax deductions, the interest paid on home improvement loans can be claimed up to ₹30,000 under Section 24(b) of the Income Tax Act, provided the property is self-occupied.
How NoBroker Helps You
Applying for a Sundaram Home Finance Home Improvement Loan through NoBroker makes the entire process faster, easier, and completely hassle-free. You can:
- Apply 100% online—no paperwork or physical visits needed.
- Enjoy zero brokerage with no hidden charges.
- Get personalized support from a dedicated relationship manager.
- Compare loan offers and check eligibility instantly.
- Track your loan status in real time until approval and disbursal.
With NoBroker, you get expert guidance, a transparent process, and a smoother journey to upgrading your dream home—all from the comfort of your home.
Conclusion
Upgrading your home is now easier and more affordable with Sundaram Home Finance Home Improvement Loans. Whether you’re renovating your kitchen, adding extra space, or repairing your home, Sundaram offers flexible repayment options, attractive interest rates, and quick loan disbursals to meet your needs. With simple eligibility criteria and minimal documentation, homeowners can enjoy a smooth and transparent borrowing experience.
