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Loan offerings > Home Improvement Loan

Loan For Home Improvement (Repair/Renovation)

Wish to renovate your home to make it look more elegant? The answer is with OCHFL. Get exclusive Home Improvement Loans to renovate or repaint your home.

Amount of loan

You can avail a Home Improvement Loan from Rs.1,00,000-Rs. 50, 00,000-/ but not exceeding the 75% of the VALUE of property and not exceeding 80% of the cost of improvement for loan up to Rs. 20 lacs & not exceeding 75% of cost of improvement for loan more than Rs. 20 lacs. The actual loan amount is determined taking into account factors like:

  • Repayment capacity
  • Age
  • Educational qualifications
  • Stability and continuity of income
  • Number of dependents
  • Co-applicant's income
  • Assets
  • Liabilities
  • Saving Habits etc.

Loan tenure & EMI

The tenure of your Home Loan ranges from 1 to 20 years. The term of loan however does not extend beyond 75 years age of customer.

The size of EMI depends on:

  • Quantum of loan
  • Interest rate applicable
  • Loan tenure

Special payment schemes:

  • One can enjoy the exclusive 'Regressive Payment Scheme' if one is a home loan seeker due for retirement within the term of the loan and have applied jointly with an eligible One Younger co-applicant.
  • One can prepay the loan, ahead of the contracted schedule in part or full, subject to payment of nominal fees / charges as stipulated by OCHFL from time to time.

Our existing Fixed Prime Lending Rate (FPLR) - 15%. Applicable ROI: FPLR+1% i.e. 16 %

Check your eligibility criteria and EMI using the links below.

EMI Calculator  |   Loan Eligibility  |   FAQ  |   Check List  |   Application Form
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