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Your beautiful home is a reflection of your personality. So, renovate your home is a good way to give it an update and ensure that it is a comfortable and so much relaxing space for you and your family. So if you want to plan to renovate your home in 2020? Here you can know 4 tips to finance your home renovation by taking a Personal Loan. Check your eligibility here: https://www.fullertonindia.com/personal-loan-eligibility-calculator.aspx
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4 Steps to Finance your Home Renovation by Taking a Personal Loan
Exact Loan Amount First of all you need to identify what you want to renovate. Then you can choose the personal loan amount based on your budget for home improvement activities. You can easily check lenders personal loan EMI calculators to complete clarity on your monthly outflow.
Personal Loan Eligibility Criteria With a very simple eligibility criteria and minimal documentation, it is easy for you to qualify for a personal loan for home renovation. To qualify, you must be an Indian resident citizen between 21 and 60 years of age and you must be employed with an MNC, public or private company. You can check lenders personal loan eligibility criteria page to read more.
Home Renovation Loan Interest Rates NBFCs offer personal loans for home improvement at interest rates as low as 11.99% per annum. Loan amount can be upto Rs.25 lacs and up to 90% of the total home renovation amount. The exact interest rate charged on your loan is determined based on your financial profile including your CIBIL score, the nature of employment and existing relationship with lenders.
Easy Application Process You can go to the lender website and apply for a personal loan for home renovation.You can click on the ‘Apply Now’ button on this page and complete OTP verification of your mobile number.Then you need to fill up all the requisite form provided with personal, employment, income, and bank details. After submitting your application form, you will receive confirmation in a matter of few minutes.
Reference URL https://en.wikipedia.org/wiki/Loan https://www.fullertonindia.com/knowledge-center/how-to-finance-your-home-renovation.aspx