If you were looking to arrange funds to undertake some home renovation, then you can avail the home renovation loan.
Yes, you don’t need to liquidate your savings or assets to get funds for the project.
The home renovation loan comes with plenty of features and makes it one of the best alternatives. Let’s know why in this short post!
What is the home renovation loan?
The House Renovation Loans is an extension of the personal loan. It has been designed by leading lenders to help you accumulate funds for home improvements. If you are eligible, then you can get up to Rs.25 lakh to cover your needs.
Why should you opt for the home renovation loan?
- Avail a large loan amount
The home renovation loan gives you an amount as high as up to Rs.25 lakh. The amount is large enough to help you undertake many home improvements. You can go for bathroom fittings to kitchen modifications to new lightings and much more.
- Money disbursed within 24 hours
Once you get the loan approval, you can get the sanctioned amount disbursed in your bank account within 24 hours. It means that you can start using the loan amount almost instantly.
- Instant loan approval
If you have maintained a robust cibil score and have a clean loan repayment history, then you can get an instant loan approval within minutes.
- Flexible loan tenor
You don’t need to stress about repaying the home renovation loan and hurt your outlays. The loan comes with a flexible tenor of up to 60 months. You can go for it and pay smaller EMIs.
Some of the key reasons why home renovation loan is a must are now discussed. You can start applying for it online right away and save your time and efforts.