Best Home Renovation Loan

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Best Home Renovation Loan

• LenDenClub

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Why do you need home renovation loan?
One should avail a home renovation loan to
refurbish, renovate or modify their homes. One of
the benefits of home renovation loan is that it
allows you to upgrade your existing home to
something that is more customized to your choice.
The best ways to manage home renovation expenses
are to get a home renovation loan. A home
renovation personal loan provides easy and simple
repayment options without any security.
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Home Improvement Loan
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Why Should you get a Home Renovation Loan?
Below are some of the reasons that make home
renovation loan or home improvement loan more
attractive.
1. Easy monthly installment option
You simply take the money today and repay monthly
over a period of time. This gets your work done
immediately and you still do not have to go over
money crunch due to the sudden expense.
2. Lower interest rate
Home improvement loan interest rates are usually
between 6.5 to 16.6. The interest rate depends
on your credit history and other details which is
determined by the credit team.
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Why Should you get a Home Renovation Loan?
3. No physical documents
At this digital age, you no longer have to submit
any physical documents. Everything is taken
online. Apply through a mobile app or website and
you are done.
4. Quick Processing
Through an eligibility check process, you almost
instantly know if you are eligible for a loan or
not. Once you submit the application it takes 24
hours to get your loan approved. Within 2 - 3
days, the loan is disbursed to your account.
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Home Renovation Loan Eligibility
1. Age
Minimum age of a borrower looking for a home
renovation loan must be between 21 to 55.
2. Income
Monthly income of the borrower should not be less
than ? 12,000.
3. Bank Default
Getting a loan for bank defaulters is extremely
difficult. No credit institution provides loan to
a bank defaulter. Here as well, you must not have
any bank default after 2012.
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Home Renovation Loan Eligibility
4. Stay Type
The borrower should be staying with family in an
rented or owned apartment. You might have to
provide residence proof in the form of Aadhaar
card or rent agreement.
5. Locations
We only offer loan in certain cities like
Mumbai, Bengaluru, Ahmedabad, Nashik, Jamshedpur
Pune. Said a firm spokesperson.
6. Employment Type
Only salaried individuals are eligible to apply
for a loan. They yet do not provide loan to
self-employed or freelancers. You must be a
salaried employee to get a loan here.
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What are the documents needed?

• PAN card
• Aadhaar card
• Latest 2 months salary slip
• Latest 3 months bank statement
• Rent Agreement (if rented) Electricity bill of
  your Permanent Address
• Photo

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How Home Renovation Loan process takes place?

• Borrower creates profile by providing required
  information.
• Your profile will be assessed based on our
  credit risk policies.
• Once approved, your profile will be listed on
  the platform.
• Any lender, who finds your profile suitable,
  will fund your loan.

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Thank You!
If you are planning to renovate your house, then
go for best home renovation loan online in India.
For more details visit us at
https//www.lendenclub.com/loan/home-renovation