How to renovate your home without using up savings

At some point, every home needs a refresh. Whether you are planning a new bathroom floor, better kitchen storage, an organised wardrobe, or a dedicated work-from-home area, renovation is not about fixing what is old. It is about making your space work better for your present lifestyle. 

But while ideas come easily, figuring out how to fund them can take more thought. Many people delay home upgrades, assuming it means draining savings. But you do not need to wait for the “perfect moment.” With IDFC FIRST Bank’s FIRSTmoney personal loan, you can finance your house renovation quickly, smartly, and confidently. Get all the insights below.

Why choose IDFC FIRST Bank’s FIRSTmoney for renovation expenses?
 

Learn why IDFC FIRST Bank’s FIRSTmoney personal loan should be your first choice for managing home renovation expenses:

Instant approval in minutes
 

Nobody wants to wait for days and weeks to get funds while renovation work is on hold. With IDFC FIRST Bank’s FIRSTmoney personal loan, approval and disbursal can happen within 30 minutes. Eligibility is simple, with age criteria between 21 to 60 years and CIBIL score requirement of 730+.

Simple documents requirement
 

Forget piles of paperwork. You only need your PAN and basic details for a video KYC. Everything happens online, which saves your time and effort.

Loan amount flexibility
 

You can get a renovation loan of up to ₹10 lakh, based on our eligibility. Whether you need ₹2 lakh, ₹3 lakh, ₹4 lakh, or ₹10 lakh, depending on your approved loan offer you can borrow exactly what fits your renovation plan.

Easy on-demand loans
 

Renovation is rarely one-time. Costs often show up in phases. You can opt for additional loans with just a few clicks and fulfil extra fund needs.

Repay at your convenience
 

Many home renovation loans come with rigid payment terms. However, IDFC FIRST Bank’s FIRSTmoney personal loan allows you to choose from a range of tenure options to match your cash flow. 

Zero foreclosure charges   

You are free to repay early without any penalties or conditions. Just pay the outstanding amount, and that is it. 

How to apply for a paperless personal loan for renovation
 

You can get IDFC FIRST Bank’s digital and paperless personal loan for house renovation in just 5 steps:

• Click on ‘Apply Now’ on this page.
• Register using your mobile number and confirm basic/personal details to check your eligibility.
• Select the loan amount of your choice starting from ₹50,000 depending on your approved loan offer and choose flexible repayment terms.
• Link your bank account where you wish the funds to be disbursed.
• Complete the video KYC verification process with your physical PAN card.

Plan first, then borrow right
 

Taking a personal loan for house renovation without an organised plan often leads to overspending, borrowing more than needed, or underestimating costs. Here are some tips to consider

• Identify each area of the house that needs improvement (e.g., smart kitchen fittings, modular wardrobes, smart lighting, balcony seating, wooden flooring).
• Get cost estimates from contractors or vendors.
• Calculate the total estimated cost for the complete renovation.
• Decide how much you can manage from personal funds and how much needs financing.
• Use IDFC FIRST Bank’s personal loan EMI calculator to check EMI options for different loan amounts.
• Review your monthly budget and select a loan amount that fits comfortably within it.

This approach helps you borrow based on actual needs, not assumptions.

Conclusion
 

Home renovations are an important investment, but they do not have to come at the cost of your financial stability. With the right approach and a useful financing option like IDFC FIRST Bank’s FIRSTmoney personal loan, you can upgrade your home without delay or compromise. With features like affordable interest rates starting at just 9.99%, quick disbursal, easy repayment options, and zero foreclosure charges, this paperless personal loan offers full control over your renovation journey.

Apply today and give your house the makeover it truly deserves!