Renovating and refurbishing your home involves a huge expense. So, it makes sense to evaluate some options to fund it. A home improvement loan is typically a short-term loan advanced for improvements in a residential property, such as additions and alterations, maintenance and repair, or replacement of structural parts. These loans are available at attractive interest rates and repayment options.

Altum Credo provides this facility where in the loan will be extended for renovation/extension of owned house or for purchase of under construction residential properties which fall under builder, society or development authority approved plans and projects. End use of this loan should be towards acquisition of a residential dwelling.

Loan Amount

The minimum loan amount under home improvement loans is capped at Rs. 2 Lakhs. The maximum loan amount for the same goes up to Rs. 5 Lakhs.


The minimum tenure is 3 years and the maximum tenure offered under home improvement loans is 5 years.

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