Features and Benefits of Home Renovation Loan

It is always beneficial while applying for a home renovation loan, especially when you have to get the approval and disbursal shortly. A personal loan for home renovation comes with enormous features and benefits such as.

Competitive Interest

The competitive rate of interest applied on personal loans helps you get the loan affordable and competitive interest which can save your amount on repayment.

Easy Repayment

The easy repayment on the home renovation loan is beneficial because It is extremely easy to repay and you can accomplish it with multiple payment systems.

Instant Approval

Your loan amount is approved instantly after a formal verification where you can get the disbursal shortly. It helps you get the desired loan amount in your account shortly.

Increase CIBIL

An increased CIBIL score is always beneficial in financial assistance, you can ensure it with a personal loan where the credit score for financial assistance always matters.

No-collateral

Since there are no requirements for collateral, your home renovation loan can be approved without any difficulties, especially with a good credit score and income.

No hidden Charges

There are no hidden charges because we explicitly disclose all the charges whichever are applied as interest and processing fees on the home renovation loan.

How to apply easily for a Home Renovation Loan

You can easily apply for a home renovation loan which is simple and easy in terms of application process and accessibility. Therefore, you have to go through the following steps.

  • Click the Apply Now button and go to the application page
  • Fill out the application form with the complete details
  • Upload the required documents and submit your form
  • Get the approval and disbursal shortly
  • Use your home renovation loan amount
  • Repay as per the tenure and repayment date

Eligibility Criteria for a Home Renovation Loan

The eligibility criteria for the home renovation loan depend on multiple factors such as credit score, income, age, documents and others. So, the factors affecting the eligibility are as follows.

Age Must be between 18 to 65 years old
Income The monthly income must be at least 35,000 per month
Credit Score 700 and above
Documents Required Aadhar card, PAN, Salary slip, ITR (for self-employed), Bank statement, rent agreement, utility bills, and others.
Types of Employment The customer must be associated with a registered private limited company, government organization, or must have a registered business, especially for self-employed.

FAQs About Home Renovation Loan

Ans. It’s a type of personal loan which is approved based on the income and credit score of the borrowers. It is available with various beneficial features.
Ans. The home renovation loan is available with multiple features such as easy application, instant approval, easy repayment and many more.
Ans. It depends on your desire, income and credit score where the final loan amount is approved by verifying all these eligibility criteria.
Ans. The home renovation loan is available with affordable charges and interest and processing fees are applied with complete transparency.
Ans. If you are going to borrow a long-term loan, it can be available with multiple EMIs, whereas, the personal loan for the short term has a time payment system with shorter tenure.

Additional Benefits

Instant approval

Start upgrading and renovating your home without delays because we facilitate instant approval.

Transparent Terms

All fees applied on the home renovation loan are revealed with transparency.

24/7 Accessibility

Apply for a home renovation loan which is always available to transform your home into your dream space.

Quick Disbursal

A home renovation loan is fastly transferred into your account because of fast disbursal.

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