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Apply Personal Loan For Home Renovation Now

Redecorating a home can be a challenging as well as an exciting activity. Especially when it comes to money management. Larger projects, such as renovation, remodeling, and complete furnishing, necessitate more money. But now all of these can be achieved with a low-interest rate personal loan for home renovation. With a personal loan for home renovation, one can help maintain the looks of the house without getting it heavy on pocket.

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Apply Personal Loan For Home Renovation Now

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  1. Home Renovation Loan 2021 Redecorating a home can be a challenging as well as an exciting activity. Especially when it comes to money management. Larger projects, such as renovation, remodeling, and complete furnishing, necessitate more money. But now all of these can be achieved with a low-interest rate personal loan for home renovation. Know More:  Home Renovation Loan

  2. Description • Timely repair and maintenance of homes is a must to keep them in a good state. Every home demands painting, remodeling, change of electric fitting, and restoration. It protects the home from wear and tears that are caused due to rain, heat, cold, and other natural forces at play.   • Home improvement might be a costly affair and can take a run on the savings. But home renovation loans are here to assist the user in times of need. It helps maintain the elegance and robustness of the property intact. With a Personal Loan for home renovation, one can help maintain the looks of the house without getting it heavy on pocket. 

  3. Top Banks/NBFCs/P2P lenders offering Home Renovation Loan • Home Renovation Loans are unsecured loans that a borrower avails of for repairs and restoration of the house. There are various lenders offering home renovation loans at affordable interest rates to individuals.

  4. Home Renovation Loan: Features and Benefits The flexibility of loan options allows us to make choices of availing it. Let us look at the features and benefits of the home renovation loan. • Borrower does not have to do a lot of hassle in availing the home renovation loan • The loan is offered to both existing and new customers of the bank • There are options of availing loans at fixed and floating interest rates that are meant for taking easy loans. • The lender may issue the entire amount of the loan or up to 90% of the loan amount to cover up the cost. • A borrower need not be an existing customer of the bank to avail of the loan. Existing customers may enjoy added benefits. New customers get up to 80-90% of the loan amount while existing customers may get the complete loan amount. 

  5. Home Renovation Loan: Eligibility Criteria Different banks have different eligibility criteria to offer the loan: • Individuals applying for the loan should be minimum of 21 years of age. Maximum age is limited to retirement age. • Borrowers can apply for the loan as an individual or jointly with other owners of the house being the co-applicants. • Borrowers who are salaried or self-employed can apply for the loan. • The loan can be applied individually or jointly with co-applicants • Organizations also are eligible to apply for the loan • Organizations applying for the loan should be profitable in the last few years • The owners of the property will have to be co-applicants of the loan

  6. Home Renovation Loan: Documents Required • Passport-sized photograph • Application form • KYC of Identity Proof and Address Proof • Latest Salary Statements and form 16 • Bank Statements covering last 6 months details • Audited balance sheets and profit and loss statements • Quotation from the architect on estimated costs of renovation and repair

  7. THANK YOU Website: www.afinoz.com

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