Use a Home Renovation Loan to Build Your Dream House

If you were looking to give your home a new look or wanted to build your new dream home, then you can opt for the house renovation loan.

It is one of the best funding alternatives that many people go for. Other than giving you a large loan amount of up to Rs.25 lakh, it comes with many more benefits.

Read on this post and know why using the house renovation loan is the best thing!

1. Big loan amount made possible
   You may be looking to opt for a modular kitchen, change your bathroom fittings and lighting. You also had some repairs to carry out. You can rely on the house renovation loan to provide you with a big loan amount to undertake all. If you are eligible, then you can get up to Rs.25 lakh to meet all needs.
    
2. Disbursement within 24 hours
   Once you get the house renovation loan approval, the sanctioned loan limit gets credited in your bank account within 24 hours.
    
3. Flexible tenor to help you breathe easy
   The home renovation loan comes with a flexible loan repayment tenor of up to 60 months. It helps you breathe easy as you can choose the maximum tenor and pay smaller EMIs.
    
4. No need to wait for the loan approval for ages
   If you have a credit score of 750 and more with a clean repayment and income record, then you can get the loan approval from leading lenders in no time.
    
5. Increase the value of your property
   When you avail the house renovation loan to renovate your home, it means that you are also helping its value to go up. Yes, adjusting a home’s looks and interiors will surely increase its worth. This way, you are automatically ready for your home for a bigger loan in the future – the loan against property. Needless to say that your improved home will also get more buyers and attractive prices if you wish to sell it.