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Home Improvement Loans

Motilal Oswal Home Loans offers loans for renovation of an existing space for a more comfortable environment and a better quality of living. This loan facilitates internal and external repairs and other structural improvements in existing home. Towards this end, the MOHF Home Improvement Loans would typically cover the following improvements: Tiling, Flooring, Roofing, Painting, Electrical work, Plumbing work, Furniture work, Waterproofing, and Grill work for windows.

Loan Amount

Loans covering up to


of the estimated cost of improvement.


Rs.5 Lakhs

*At the sole discretion of MOHFL
Loan Tenure


5 Years


10 Years
10 Years
We offer loans covering the total cost towards home improvement with the cost estimates approved by a certified engineer / architect and verified by an MOHF valuer with a cap of 85% of the estimated cost of improvement.

Loan tenure may not be extended beyond the age of sixty (60) years in case of Salaried and Seventy (70) in case of self-employed customers at the time of loan maturity *
Interest Rate
Customer Type Interest Rate RPLR Minus Spread MOHF RPLR
Salaried 11.75% to 16.00% 7.55 % to 3.80 % 19.30%
Self Employed 12.75% to 17.00% 6.55 % to 3.05 % 19.30%

* RPLR - Retail Prime Lending Rate

Processing Fees

Up to Rs. 5,000 /- (Rupees Five Thousand only). Initial Processing Fee collected is onetime non-refundable fee, and is collected for the purpose of processing the loan application of the borrowers and the same is independent of the outcome of such processing. The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited.

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