Why is loan against property for home renovation a boon?
An ideal home should be a reflection of the people that live in it. But that can be an expensive affair and often your dream may have been compromised in
Avail a Substantial Amount for your Dream Renovation
It can be difficult to set a budget for your home renovation because of added expenses as you go. For example, if you were to renovate your bathroom and an expert finds that the pipes need to replaced, it could set you back considerably with an expense that you hadn’t accounted for before. This is where a loan against property for home renovation comes in handy. Since you are pledging the house to be renovated as collateral, you can avail a high loan amount that can take care of unforeseen expenditure with ease. The lender is usually willing to loan an amount equivalent to up to 80% of the cost of your home renovation. For instance, Bajaj Finserv offers funding up to Rs.1 crore for salaried individuals and up to Rs.3.5 crore for self-employed individuals.
Get Started on the Work Instantly
The process to apply is fairly easy and doesn’t involve much paperwork. You can apply for a loan against
Enjoy Hassle-Free, Long-Term Repayment Tenors
Even if your needs are immediate, the repayment tenor for a loan against property for home renovation can go up to 20 years. So, you can beautify your home in peace, and repay at your convenience.
Get a Lump-Sum or Borrow as needed
Don’t worry about the unforeseen expenses that can crop up on you while
Choose the Type of Interest Rate that Suits your Needs
While you cannot choose the rate of interest you pay on a loan against
Avail Bajaj Finserv’s Loan Against Property to enjoy benefits like a Flexi Hybrid facility, minimal documentation, minimal charges on prepayment and part-prepayment and online account management.