Your home is your haven. It is a space where you feel the most relaxed and safest. But even your most cherished space in the world may need a little makeover, like a fresh coat of paint, redoing the décor, or upgrading your kitchen. When you plan these home renovation projects, you might realise that turning your ideas into reality requires significant financial support. This is where a Personal Loan comes into the picture.
A Personal Loan is an excellent financial tool that bridges the gap between your vision for the home renovation and its execution. It helps you get the desired funds and transform your home renovation dreams into a reality. In this guide, we discuss the documents required to get the Personal Loan for home renovation approved and the benefits of taking this loan.
Like any other loan, getting a Personal Loan for home renovation requires you to submit a few basic documents. Here is a complete checklist:
A Personal Loan is an unsecured loan, which means you need not provide any collateral against the amount you borrow. This makes it easier for all to get the loan. Apart from this, there are many other benefits of taking a Personal Loan for home renovation, which are discussed below:
Unlike some types of secured loans designed for specific purposes, Personal Loan does not have such restrictions. You can use the funds for any purpose, like purchasing renovation/decoration materials, paying the labour charges, hiring the best interior designer, etc.
When you apply for a Personal Loan for home renovation, you need not worry about dealing with a lot of paperwork. Leading NBFCs in India, like Poonawalla Fincorp, have a simple documentation process. You only need to submit a few basic documents, which makes the borrowing experience hassle-free.
You can apply for a Personal Loan for home renovation online and get immediate approval and disbursal. This ensures that you don’t have to wait long to carry out the renovation work you plan to do.
When you apply for a Personal Loan for home renovation, you can choose the repayment tenure from 12 months to 60 months. This allows you to repay the amount comfortably with affordable EMIs (equated monthly instalments).
You can get a Personal Loan for home renovation at competitive interest rates starting from 9.99% p.a. This ensures that the EMI is affordable and makes repayment easy.
There are no hidden charges or unpleasant surprises when you apply for a Personal Loan for home renovation. Since all the terms and conditions and the related charges are disclosed upfront, you can make an informed borrowing decision.
Using a Personal Loan for home renovation is a wise financial decision. It gives you the flexibility to use the funds as you like. Also, you get the funds at attractive interest rates and can repay the amount in easy instalments. You can get the best Personal Loan for home renovation from Poonawalla Fincorp, one of the leading NBFCs in India and get quick approval and disbursal.
We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply
Your home is not just a roof over your head. Its the place where you live with your loved ones and spend the maximum time of your life. It is also a reflection of your social status, pride, personality, and accomplishment.
Are you planning to smartly remodel your kitchen this year? If yes, then don compromise on the quality of innovation. Instead, apply for a home renovation Personal Loan for the kitchen.
And since personal loans are collateral-free loans, lenders wonâ€™t ask you for security or guarantor. It means that you are not required to put any of your personal or professional assets on the line to qualify for financing.
Your home is not just a place to live, its a reflection of your style, comfort, and personality. Over time, as your family grows and lifestyles change, your home may require updates and renovations to keep it in line with your evolving needs and preferences. Whether its expanding your kitchen, remodelling bathroom, or giving your entire home a facelift, home improvement projects can be exciting but often come with a hefty price tag. This is where House Renovation Loans come into play, providing you with the financial support you need for home renovation