A home renovation loan can be availed to fund the renovation or repair of your home. Such advances offer you several benefits such as faster disbursal within 24 hours, minimal documentation process, prolonged repayment tenor, etc.
You can apply loan for home renovation on the official website of your lender by filling up an online application form with the required financial and personal details. Following the approval of your application form, a representative of your lender will get in touch with you to collect the required documents. After your documents are verified, the predetermined loan amount will be credited to your account directly.
Such loan for home renovation is usually collateral-free, often attracting higher interest than usual. Additionally, the eligibility criteria are also more stringent than secured loans. Hence, to eradicate such risks you can avail secured loans like a loan against property.
Loan against property is easy to avail, has no end-user restrictions and you can use the money to cater to several expenditures such as home renovation, medical urgencies, purchasing a new property, education costs, wedding expenses, etc.
Also, the ownership of the mortgaged property will lie with you and will get transferred only if you default on payment.
You can avail a hefty sum of Rs. 3.5 Crore against your property with a prolonged tenor of up to 20 years along with other benefits such as balance transfer, top-up loans, instant approval, prepayment and foreclosure, etc. Availing a loan against property for home renovation can prove beneficial for several reasons when compared to an unsecured credit.
You can apply loan for home renovation on the official website of your lender by filling up an online application form with the required financial and personal details. Following the approval of your application form, a representative of your lender will get in touch with you to collect the required documents. After your documents are verified, the predetermined loan amount will be credited to your account directly.
Such loan for home renovation is usually collateral-free, often attracting higher interest than usual. Additionally, the eligibility criteria are also more stringent than secured loans. Hence, to eradicate such risks you can avail secured loans like a loan against property.
Loan against property is easy to avail, has no end-user restrictions and you can use the money to cater to several expenditures such as home renovation, medical urgencies, purchasing a new property, education costs, wedding expenses, etc.
Also, the ownership of the mortgaged property will lie with you and will get transferred only if you default on payment.
Additional Read: Loan Against Property For Home Renovation
You can avail a hefty sum of Rs. 3.5 Crore against your property with a prolonged tenor of up to 20 years along with other benefits such as balance transfer, top-up loans, instant approval, prepayment and foreclosure, etc. Availing a loan against property for home renovation can prove beneficial for several reasons when compared to an unsecured credit.
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