Thinking of remodeling your home but lacking the funds to get started? Our Home Renovation Loan offers an easy and quick solution to your cash shortfall, allowing you to carry out the upgrades and improvements you’ve been dreaming of. Whether it’s renovating your kitchen, adding a new floor, or redesigning your living space, this loan provides fast access to funds so you can start your project without delay. The entire process, from application to disbursal, is completed within a few hours, making it one of the most convenient ways to finance your home improvement needs.
This loan isn’t just for one part of your home. You can use it for various renovation needs, including remodeling kitchens, bathrooms, bedrooms, or even adding extensions to your property. With this loan, you have the freedom to enhance multiple areas of your home.
Get your renovation project started without waiting! With our instant personal loan online, you can access the funds you need right away, ensuring that your plans are not delayed due to a cash crunch.
We believe in complete transparency. With our Home Renovation Loan, there are no hidden charges or surprise fees. You’ll know exactly what to expect from the loan, including interest rates and repayment schedules, so you can manage your finances effectively without any surprises.
Whether you need a small amount for minor upgrades or a larger sum for a full renovation, our loan offers flexible amounts based on your needs. You can borrow the exact amount required, making sure you don’t over-borrow or under-borrow.
| Criteria | Details |
|---|---|
| Loan Amount | ₹1,000 to ₹50,000 |
| Interest Rate | Up to 26% per annum |
| APR | 26% Max |
| Age | 21 to 55 years |
| Late payment fee | as applicable |
| Processing Fee | Up to 5% |
| Loan tenure | 90 days to 180 days |
| Pre-closure charges | As per Agreement |
| Loan Amount : | ₹20,000/- @ 26% p.a. |
|---|---|
| Loan Duration : | 90 Days |
| Total loan interest : | ₹ 1,300/- |
| Processing fees (PF) + GST : | ₹ 500 + ₹ 90 = ₹ 590/- |
| Deduction from Loan : | (PF + GST) - ₹ 590/- |
| Amount to be Credited: | ₹20,000 - ₹590 = ₹19,410/- |
| Total Repayable Amount : | ₹ 21,300/- |
| Monthly EMI Repayable : | ₹ 7,100/- |
| PF + GST are deducted in advance | At the Time of disbursal. |
