Compare property-backed renovation loans vs unsecured personal loans. Factors in Section 24(b) tax benefits.
Home Renovation Loans are generally superior to Personal Loans for house repairs because they are treated as 'Home Loans' by the Income Tax Act. Under Section 24(b), you can deduct up to ₹30k of interest paid per year for repairs of a self-occupied property (Old Regime). Personal loans do not offer this tax shield, making their effective cost much higher.
Last verified May 2026
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