Must-know Factors of Home Renovation Loan Before Applying

Has your home become old and do you think it needs remodelling or renovation but you have fallen short on funds? No matter, a home renovation loan has been designed keeping the respective situation. So, whether you’re simply wishing to redecorate your living place or want to adapt your home into a stunning home, the sole thing that comes in your way to help you out financially in case of a financial crisis is a home renovation loan

In this post, you will get to know about the significant factors that you must know if you are musing to avail of a home renovation loan. Let’s get started! 

Features of Personal Loan for Home Renovation 

Here are some important features of apersonal loan for renovation. Let’s take a look at each of them one by one: 

  • Flexible Repayment Tenor 

The instantpersonal loan comes with a tenure that certainly ranges between 1 year to 5 years and you can pay off the loan in accordance with your convenience. 

  • High Loan Quantum 

You can avail of a personal loan of up to Rs. 50 lakhs for the objective of home renovation. 

  • Quick Approval and Disbursal 

After you apply forpersonal loan, your documents then get verified and you attain approval in a couple of minutes. Once the loan gets approved, the quantum gets disbursed into the bank account in nominal time. 

  • Minimal and Easy-To-Meet Eligibility Criteria 

There are a few eligibility criteria required to apply for an instant personal loan for home renovation. If you’re a salaried individual who is meeting the salary requirements in accordance with your residential city, you can apply for a home renovation loan

You can apply for a loan at Afinoz. You can also avail of several other loan products at attractive rates of interest that is the reason why do we stand out to be a preferred destination for all the needy people. Their hassle-free online application process with nominal documentation of loan makes it an ideal choice for getting a loan. With the proper financial solution, you can now meet all of your dreams with comfort. 

You can enjoy the liberty of choosing your own tenure for repaying the loan. At Afinoz, you can get instant approvals, personalized pre-approved offers at attractive interest rates. Afinoz stands out as a one-stop spot for all the financial needs of an individual and provides a unique digital experience to the customer. 

Eligibility for a personal loan for Home Renovation 

There are a few fundamental eligibility requirements that you will need to fulfil in order to apply for a home renovation loan. Let’s have a glance at the home renovation loan eligibility criteria

  • Your age must be a minimum of 21 years. 
  • If you are a resident of India, you can apply for a personal loan. 
  • You should be working at an MNC, private or a public limited organization. 

The Final Message 

Since renovating your house is a costly affair and it is not something you can perform repeatedly but with the help of a personal loan for home renovation, you can accelerate the improvement, expansion, or interior designing of your home. A home renovation loan will help you finance the expenses associated with it. You can apply for a personal loan online and obtain quick access to funds. 

Moreover, Afinoz is stringently dedicated to facilitating those who really are in need of finance by means of extending them personal loans at low interest rates. Besides, we are about to drive a campaign quite soon where you will be able to obtain the available essential resources to cope with the Covid-19 alongside a donation campaign in association with leading financial institutions. So, constantly visit to stay updated


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