5 reasons to renovate your home with personal loan this Diwali :
In India, the festival of Diwali is closely related to home renovation. Cleaning every nook and corner of the house and revamping and decorating it are a part of celebration of the festival. However, home renovation and decoration can come with a heavy price tag. Apart from the essential repair and maintenance works, you may also want to paint the house to improve its aesthetics or buy some new furniture for your comfort. If you want to meet the expenses of home renovation without eroding your savings, it would be a prudent idea to avail a home renovation loan.
Let us discuss how availing a personal loan for home renovation can prove to be helpful in the long run:
One loan for all your requirements
Diwali, preceded by Dhanteras, is a festival that spread the message of prosperity. Also, it calls for the repair and renovation of your house and purchase of new household items such as curtains, furniture, cutlery, and appliances. It would be a smart move to celebrate the festivities,add to the value of your house in an economical and profitable manner by availing a personal loan.
Through a personal loan, you can meet your multiple requirements ranging from the renovation of your house to the purchase of new items to beefing up your bank balance to have surplus funds during the festive season. To avail a personal loan from Bajaj Finserv, all you have to do is just check your eligibility criteria and apply online.
High loan amount for unexpected expenses
Despite an extensive research and planning, there are chances that the estimate of expenses involved in renovating your house may not match up to the actual expenses incurred. The reason being, during renovation, the sudden requirement of fixing an internal leakage or waterproofing may arise. These issues may swell up the total budget that you have set aside for your home renovation.
A personal loan can help address such a situation as it allows you to borrow a substantially high amount at an affordable rate of interest to meet a range of needs. For example, Bajaj Finserv Personal Loan comes at anaffordable interest rate and allows you borrow up to Rs.25 lakh. You can use an online loan calculator to calculate your EMIs for the same.
Personal loan is collateral free
This is yet another feature of a personal loan that makes it a viable option for getting money for home renovation during the festive season. Personal loans are collateral-free loans, which means that you don’t have to pledge your personal assets as a security while applying for the loan.
Simple online application process and quick disbursal of fund
You can apply for a personal loan in the simplest of manner by visiting the online portal of the lender. Also, with minimal documentation required and quick disbursal of funds, personal loans can provide you instant cash for home renovation. With Bajaj Finserv, you can get your personal loan application approved within 5 minutes and the funds would be disbursed directly into your bank account within 24 hours.
Flexible tenor for repayment of loan amount
Most lenders offer a flexible tenor for the repayment of personal loans, which can help you to plan your repayment strategy in sync with your cash flow and other liabilities such as payment of insurance premiums and credit card bills. With Bajaj Finserv Personal Loan, you can choose arepayment tenorranging up to 60 months as per your convenience and financial capabilities.
Further, the borrower can avail thebenefits of flexi personal loan and pre-approved offer, which allows you to borrow from an approved loan limit and avail finance easily. For that, all you need to do is just share a few basic details with us and you will get to know your pre-approved offer within seconds.