Home renovation gets easy with Bajaj Finserv personal loans
New Delhi : Home renovation during a festive season is a norm that is followed across the country. However, the renovation and repair work of your house for the festive season usually demands a huge chunk of money. You may even want to paint your house and replace the existing furniture with new ones to upgrade the aesthetics.
To meet these expenses without depleting your savings, availing a personal loan for home renovation can be your best bet. Read on to find out how a home renovation loan can ease out the process and brighten up the festive season.
Substantial amount of money to meet your requirements
Personal loans allow you to borrow a high amount of money to cater to a wide range of needs. You can borrow a large amount of funds to meet your diverse requirements and to create an emergency corpus to meet some unexpected expenses that might arise during the process of renovating home.
For instance, Bajaj Finserv allows you to borrow a personal loan of up to Rs.25 lakh at attractive interest rates. This amount of money is substantial to meet your home renovation expenses along with any other expenditures that you may incur during the festival. You can use an online personal loan calculator to find out your personal loan eligibility and calculate the EMIs payable for the same.
Easy application process, instant approval and fast disbursal
In case you have got late to start the renovation of your home, you can apply for a quick personal loan. The simple online application process along with minimal documentation and swift disbursal of funds can prove to be extremely helpful. If you apply for a Bajaj Finserv Personal Loan, your application usually gets approved within five minutes and the loan amount is disbursed to your bank account within 24 hours.
Flexible tenor to repay the loan
The tenor of loan repayment is a crucial factor that should be taken into consideration while applying for any type of loan. A loan with stringent repayment tenor can be stressful. However, this is not the case with personal loans. Most lenders offer a flexible tenor for the repayment of a personal loan.
Bajaj Finserv allows you to choose a repayment tenor of up to 60 months for your personal loan. You can opt for a suitable tenor to repay the loan after taking into consideration your cash flow and other liabilities such as monthly expenditures and insurance premiums.
No collateral required to get the loan
Personal loans are collateral-free loans, which means that you do not need to pledge any of your personal asset as security while applying for the loan. This is yet another feature that makes personal loan a viable option for arranging funds for the renovation of home during the festive season.
Easy eligibility criteria
Another benefit of availing a personal loan for home improvement is its easy eligibility criteria. Lenders usually follow a lenient approach to approve personal loan applications. Moreover, you’ve to furnish only a handful of documents to avail a personal loan such as your bank statements, salary slips, and identity proofs. All these factors expedite the process of loan disbursal and you can get access to finances for your home renovation in no time.
Hence, a personal loan, with all its intrinsic features, can help you to meet all your financial requirements for renovating your house this festive season. However, don’t forget to compare the offerings from different lenders and opt for the loan amount and repayment tenor that best suits your financial requirements and capabilities.
Bajaj Finserv pre-approved offers allow you to avail high-value financing at reduced rates of interest. All you need to do is share a few basic details and check your pre-approved offer.