What Is A Home Improvement Loan? - Loan Trivia

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Wednesday, 25 November 2020

What Is A Home Improvement Loan?

 


If you were looking to give a new lease of life to your home, then you don’t need to liquidate your assets or use your savings accounts. It is because you can use the facility of the home renovation loan to do that. 

Being loan eligible can help you get an amount up to Rs.25 lakh at an affordable rate. 

Here is a quick post to help you know about the basics of the home improvement loan!

What is the home renovation loan?

The home renovation loan is designed to help you meet the financial needs of the upcoming home renovations. It is an extension of the personal loan designed by leading lenders in India. If you are eligible, then you can get the approval for up to Rs.25 lakh from known creditors in India. 

What are the benefits of the home renovation loan?

  1. Higher loan amount 

The home renovation loan from known lenders can help you get up to Rs.25 lakh. You can use the amount to pay for kitchen, washroom, and interior and other modifications. You can also use the remainder of the money for anything else as per your wish. 

  1. Instant approvals

Needing an amount for funding your home renovation needs does not mean waiting for the approval for ages. If you are the right candidate, then you can get the online approval within seconds. 

  1. Money in your bank account within 24 hours 

You can get the sanctioned quick personal loan amount into your bank account within 24 hours and start using the money without delays. 

  1. Flexible repayments

You don’t need to hurt your wallets by making bigger EMI payments. You can stretch the loan money over a tenure ranging 60 months and manage the outlays better. 

With so much in favour of the home renovation loan, you can compare all deals online and pick the best offer matching your requirements.

Must Read: Remember These Points Befoe Availing Home Improvement Loan

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