Can I Avail Personal Loan for Home Improvement/Renovation?
A home is more than just a roof over your head; it is a the place that you look forward to returning to everyday, where you can kick up your feet and relax after a hard day’s work, work on yourself and on your dreams. Owning your own home often is one of the biggest aspirations for most people and is a true milestone in one’s journey in life.
Maintaining and improving one’s home to build a perfect abode is important to completing this aspiration as well. However, redoing home interiors or renovating it can be quite a task, especially where finances are concerned. Whether you’re aspiring to add a much-needed gaming corner in your home or give your home décor a complete makeover; a personal loan for home renovation is your companion.
If you’re looking to make your home a reflection of your personality, you don’t need to save for years to realize this dream. You can easily avail a personal loan for home renovation and improvement to renovate or refurbish your home.
You must be wondering how a personal loan can be utilized for home renovation but that is the beauty of it; you can avail a personal loan to use the funds as you desire.
A personal loan for home improvement is the best bet when it comes to securing fast and easy funds for the said purpose. If you’re planning to opt for a loan for home improvement, here are few things you must know about:
Points You Should Know About Personal Loan for Home Renovation
It is quickly disbursed
One of the best features about a personal loan for home renovation is its quick disbursal. The loan application process we offer here, at Clix Capital, is digital and completely online. You just need to fill an online personal loan application form and specify a few details. Our customer support staff takes it from there and if everything is in order, the loan amount is disbursed to your bank account in just 15 minutes.*
It doesn’t require any collateral
Personal loan for home renovation is a collateral-free option and doesn’t require you to provide any security. Since there is no collateral involved, you don’t need to get the collateral documents verified either. All this translates into a quick and hassle-free disbursal of loan.
It requires minimal documents
To apply for a personal loan online, you just need a few basic documents like your address proof, ID proof, salary slips, and passport size photograph.
Its repayment tenor is customizable
Personal loan for home renovation offers a flexible repayment tenor that can be customized based on your financial situation. You can choose from a convenient repayment window of 12-48 months to avoid facing any hassles while repaying the loan.
This empowers you to decide whether you want to opt for a long tenor and pay lower EMIs or go for a shorter tenor with higher EMIs. If you’re wondering how to calculate your estimated EMI, you can do this with our ‘Personal Loan EMI Calculator’ tool. Just input the desired loan amount and the preferred repayment tenor to know your EMI.
The eligibility criteria
As far as the eligibility criteria for a personal loan goes, you only need to meet a few basic points to avail a personal loan. A loan applicant should be:
- A residing citizen of India.
- Between 25 years and 58 years of age.
- Your net monthly income from all sources should be INR 30,000 and above.
- Your total work experience should be minimum of 12 months and should be employed in your current company for minimum of 6 months
Its end-use is unrestricted
Whether you want to refurbish your home or construct a new room or part of the house, there is no restriction on the end-use of personal loan for home improvement. You can get the interiors done, change the flooring, or give your kitchen a dream makeover. After all, your home should be an extension of your personality and nothing less than that.
How to Apply for a Personal Loan for Home Improvement from Us?
The application process for a home loan for renovation is completely online at Clix Capital. The process is quick, simple, and can be completed in a handful of steps:
- Visit us at https://www.clix.capital
- Click on Personal Loans
- Access the personal loan application form online
- You’d be asked to verify your phone number by submitting an OTP.
- Furnish your PAN details at the next step
- Share a few details about yourself.
- Complete the form.
If your profile matches our eligibility criteria, our system will display a pre-qualified loan offer for you to consider.
On accepting the offer, just set your loan tenure and repayment information and the funds will be disbursed to your account in 15 minutes! *
For any queries call us on 1800-200-9898 (toll-free)
*Terms & Conditions Apply.