You may receive a loan of up to 70% of the assessed value of your property, subject to eligibility and approval. This is known as the loan-to-value ratio (LTV).

The sanctioned amount may be lower depending on your income, credit history, property documents, valuation and repayment capacity.

The 70% maximum LTV is lower than the 80% LTV available under Manappuram Finance’s Housing Loan schemes because home improvement lending falls under a different risk category from financing a house purchase or construction.

• Minimum Bureau Score: 560
• Minimum Consolidated Clubbing Income: ₹25,000 per month

Consolidated clubbing income refers to the combined eligible income considered for the application, subject to Manappuram Finance’s assessment. Meeting the minimum criteria does not guarantee approval. Repayment capacity, existing obligations, property details, documents and credit history will also be reviewed for the final decision.

• KYC documents
• Bank statements
• Property documents
• Income documents, based on availability

Manappuram Finance may request additional papers depending on the applicant profile, property, loan amount or proposed renovation. Ensure that your application details match the submitted documents to avoid verification delays.

• Estimate the Renovation Cost: List the planned work and prepare an approximate budget. Contractor quotations or material estimates can clarify the requirements.
• Review the Basic Criteria: Check the bureau score, income requirement, loan range, LTV and property-related conditions.
• Submit the Application: Provide your personal, income, employment or business, property and required loan details through the available Manappuram channel.
• Provide the Documents: Submit KYC papers, bank statements, property documents and available income proof for verification.
• Complete the Assessment: Manappuram Finance will review your eligibility, repayment capacity, documents and property value before communicating the approved terms.