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At a Glance

Your home is a safe space where you can unwind and relax. You want to make sure that your home reflects your sensibilities and is a comfortable place for you and your loved ones. To create a space that is truly yours, you can apply for digibank Home Renovation Loans and give your home the makeover it deserves. Get high-value financing with digibank Home Renovation Loan to pay for the various while creating your dream house.

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digibank Home Renovation Loan

With digibank Home Improvement Loans, you can avail of Home Finance to renovate your home to your liking. You can use the loan amount to funds various expenses ranging from redecoration and refurbishment to correcting the foundation, fixing leaky ceilings and repairing water-damaged areas in the house. You can also use the loan amount to redesign elements of your home, such as installing new tiling, fixtures, plastering, painting, etc.

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Features and Benefits

High Loan Amounts

High Loan Amounts

At digibank, you can avail of high-value Home Improvement Loans to pay for all kinds of expenses. Use your home as collateral to get maximum financing against the market value of your house.

Affordable Interest Rates

Affordable Interest Rates

digibank offers a competitive rate of interest on Home Improvement Loans. Get lower loan interest rates based on your credit scores and other eligibility factors.

Flexible Repayment Tenure

Flexible Repayment Tenure

The digibank House Repair Loan comes with flexible repayment tenures, akin to standard Home Loan Interest Rates. You can pick a tenure that aligns with your repaying capacity and repay the loan in affordable EMIs.

Easy Documentation

Easy Documentation

You can apply for the digibank House Repair Loan by submitting copies of the necessary ID and address proof documents, along with the loan application form and property deed in case of high-value loans.

 

Eligibility Criteria

Both salaried and self-employed individuals can apply for the digibank Home Renovation Loan. You can provide income proof documents like your salary slips or bank statements based on which the bank determines the principal loan amount.

Apply for the digibank Home Repair Loan and begin building the house of your dreams!

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Frequently Asked Questions

digibank levies standard charges such as the loan processing fee with applicable taxes, along with bank administrative charges. The processing fee is typically 1% to 1.5% of the principal loan amount.


Yes, you can apply for a digibank Home Repair Loan jointly. The applicant and co-applicant of such loans should be immediate family members of joint owners of the property being renovated through the loan and provided as collateral to the bank.


Under Section 24 of the Income Tax Act, 1961, you can avail of a deduction of up to INR 30,000 per annum for interest paid on House Renovation Loans. This deduction is a part of the overall limit of INR 2 Lakh available on loan interest payment of self-occupied homes.


**All loans will be given out at the sole discretion of DBS Bank India Limited.

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