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5 reasons why you should finance your home renovation with a personal loan

  • Highlights

  • Qualifying for a home renovation loan is simple and easy

  • You can apply for a renovation loan online to save time

  • You can receive the funds of your loan in just 24 hours

  • The terms of use of such an unsecured loan are flexible

Your home is a reflection of your personality. So, remodelling it is a good way to give it an update and ensure that it is a comfortable and relaxing space for you and your family. Although this may require significant funds, you can use a loan, such as Bajaj Finserv's Personal Loan for Home Renovation to get the job done. It offers you a loan of up to Rs.25 lakh that you can repay over 24–60 months.

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You do not need to wait until you save sufficient funds to redecorate your home. You can apply for a home renovation loan and carry out your remodelling immediately. In spite of various options available to you to finance your project, choosing a personal loan for home renovation is the best option. Take a look at few advantages that availing this loan offers you.

Easy qualification criteria

With a simple eligibility criteria and minimal documentation, it is easy for you to qualify for a home renovation loan. To qualify, you must be an Indian resident between 25 and 58 years of age and you must be employed with an MNC, public or private company. Lastly, if you apply with Bajaj Finserv, you must fulfill minimum salary requirements to avail this personal loan based on your city of residence.

As compared to other modes of funding, documentation requirementsare alsominimal when it comes to a home renovation loan. All you need to submit are KYC documents, your employee ID card, salary slips of the past 2 months and bank account statements for the past 3 months of your salary account.

Additional Read: Give Your Home An Instant Makeover With Home Renovation Loan

Simple application process

The procedure to apply for a renovation loan is easy and you can complete it online or offline. To apply online, you have to submit your personal, employment and financial details and then enter the loan amount and tenor over which you wish to repay the loan. After this, you have to submit the required documents. Then, once these documents are verified, you will receive the amount in your account.

To apply offline, you can either call on 18002660635, which is a toll-free number, or give a missed call on+91 9211175555. Optionally, you can also SMS ‘SOL’to+91 9773633633.

Quick disbursal within 24 hours

After submitting your application, you will receive confirmation in a matter of minutes. Thereafter, once your documents are approved, the lender will dispatch the home renovation loanto your account within 24 hours.

Additional Read: Design Your Dream Home, Finance It With A Bajaj Finserv Personal Loan

Flexible borrowing for every need

Bajaj Finserv also offers you a Flexi Personal Loan facility, wherein you onlyhave to pay interest on the amount that you use. Besides, you can borrow money in instalments from the total sanction, and choose to pay interest-only EMIs first. Then, you can repay the principal at the end of the tenor. This helps you manage you cash flow with ease, and pay for unpredictable expenses without a hassle.

You can refurbish your home without disrupting your savings with a home renovation loan. This will cover all your expenses, be it retiling the floors, furnishing and re-paintingyour home, or re-doing the plumbing.

Bajaj Finserv also brings you personalised pre-approved offers that help you avail instant financing. Just enter your basic details and check out your Personal loan pre-approved offer today.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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Raise finance instantly with a personal loan for home improvement


Raise Finance Instantly with a Personal Loan for Home Improvement