Generally, you take a loan to buy a house or a flat. People also take home loans for the renovation of the house. Banks also provide loans to increase or repair the house.
If you also want to take a home improvement loan for the repair of the house, before starting the process, assess the amount that you earn. Banks only give loans according to that. Your ability to borrow depends on your ability to repay it.
If you have already taken a home loan, then you can take a loan according to its repair, decoration, or maintenance. Home Improvement Loans can be taken for both new homes and old ones. In this, the person taking the loan has to calculate the estimated expenses and inform the lending institution.