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Home repairs and renovation become necessary after a period of time. But many people avoid and delay home renovation activities due to the high cost of upgrades involved. Until that time, it is not very critical, home improvement is not given much importance. Thanks to the easy personal loan for Home Renovation online, it is now possible to refurbish your home in a contemporary style. Your family deserves a comfortable dwelling space so renovating your existing house with an affordable personal loan for Home Renovation is a good idea.
HeroFinCorp, a trusted financial group in India brings an instant Personal Loan app to fulfil a variety of urgent financial needs. Out of many financial goals, home renovation is also a priority for many families. Why wait for savings to grow, instead apply for a personal loan for Home Renovation via Hero FinCorp Instant Personal Loan and get a quick loan sanction for an amount up to INR 5,00,000. Useful features, simple for personal loan for Home Renovation eligibility criteria and paperless documentation make personal loan for Home Renovation accessible via Hero FinCorp Instant Personal Loan.
Explore the perks of Hero FinCorp's Personal Loan for Home Renovation.
Note: If You are in the age group of 21 – 58 years and have a minimum monthly income of ₹ 15,000 then you are eligible for Hero FinCorp Instant Personal Loan.
Filled loan application form, passport-sized photograph
Driving Licence, Passport, PAN (mandatory), Aadhaar
Driving Licence, Passport, Aadhaar, Ration Card, Utility Bill
Electricity/Maintenance Bills, Property Documents
3 months’ salary slips, 6 months’ bank statement (salary account), Form 16
Appointment letter, Experience certificate
Filled loan application form, passport-sized photograph
Driving Licence, Passport, PAN (mandatory), Aadhaar
Driving Licence, Passport, Aadhaar, Ration Card, Utility Bill
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
6 months’ bank statement, 2 years’ ITR
Tax Registration, Shop Establishment, Company Registration Certificate
When considering Home Improvement Loans, it's crucial to understand the associated interest rates and charges. Hero FinCorp offers competitive interest rates in addition to a processing fee of up to 3.5% of the loan amount, which covers administrative costs.
One of the advantages of Hero FinCorp's Home Improvement Loans is the nominal prepayment and foreclosure fees, enabling you to pay off your loan early without incurring any additional charges. However, it's important to make timely repayments, as late payments will attract a 2% per month fee on the outstanding amount.
By carefully reviewing the home improvement loan interest rates and charges, you can make an informed decision when availing a Home Improvement Loan, ensuring a smooth and cost-effective borrowing experience.
Here is the stepwise process to apply for a Personal Loan for Home Renovation online:
Visit the Hero FinCorp website or install the loan app
Go to the Personal Loan page and click ‘Apply Now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application