Instant Approval
Download the Hero FinCorp Instant Personal Loan app on your smart phone and enter the required details. After the real time assessment, the loan amount gets instantly transferred in your bank account.
HOME RENOVATION LOAN
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 upgrade involved. Till the time, it is not very critical, home improvement is not given much importance. Thanks to the easy home renovation loan online, it is now possible to refurbish your home in the contemporary style. Your family deserves a comfortable dwelling space and so renovating your existing house with an affordable home renovation loan 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 home renovation loan via Hero FinCorp Instant Personal Loan and get quick loan sanction for an amount up to INR 5,00,000. Useful features, simple eligibility criteria and paperless documentation makes home renovation loan accessible via Hero FinCorp Instant Personal Loan.
Features and Benefits of Home Renovation Loan via Hero FinCorp Instant Personal Loan
Instant Disbursal
Once the submitted KYC details and income proofs are verified, the loan is disbursed instantly in the bank account. Ensure you have a bank account in any of the listed banks as given on the website/app.
Paperless Documentation
Upload or submission of physical documents is not required. Keep handy your Aadhaar Card, Mobile Number Linked to Aadhar, Pan Card and Bank Account details.
EMI Calculator
Use the EMI tool to calculate monthly instalments on home renovation loan. Try variations of principal amount, tenure and interest rate to equate an EMI that suits your repayment capacity. The results are 100% accurate and calculated in seconds.
Low Rate of Interest
The interest rate is 1.58% per month or 19% to 30% per annum. Relatively, the percentage of interest charged is low to make personal loan affordable for those in need. Also, the interest is only charged on the used loan amount and not on the entire approved limit.
No-Collateral
Best feature about a personal loan like home renovation loan is no security or collateral is required for approval. This makes it easy for loan providers to sanction personal loans instantly
Documents and Eligibility Criteria for Home Renovation Loan
Every financial procedure follows certain eligibility criteria, accompanied by a set of mandatory documents to go further with home renovation plans: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 from Hero FinCorp Instant Personal Loan. No physical documentation and meetings required, apply for a Personal loan today.
Hero FinCorp Instant Personal Loan App documentation and eligibility criteria is much simpler, to know details click here
How to Apply for Home Renovation Loan via Hero FinCorp Instant Personal Loan App
With quick application and sanction, you can speed-up home renovation formalities
- 1
Install Hero FinCorp Instant Personal Loan app from Google Play Store
- 2
Register with basic details – mobile number & email address verified with OTP
- 3
Enter the desired loan amount and customize EMI using the loan EMI calculator
- 4
Paperless verification of KYC details using a security code
- 5
Bank account verification through net banking; the credentials are never stored
- 6
Instant loan approved in minutes and transferred to the bank account
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Frequently Asked Questions (FAQs)
Home renovation loan is a monetary support obtained via financial companies to support different aspects of home renovation. Whether it is repainting the walls, changing the floor or replacing the furniture, everything can be done via home renovation loan.
Home renovation loan is a personal loan that can be availed by both salaried and self-employed individuals, earning an income of minimum 15,000 Rs per month.
Home renovation loan is a type of short-term personal loan. The amount borrowed is not extravagant such as in long term loans. Hence, it is collateral free and requires no security against the home improvement loan.
Basic personal identity proofs and income documents are required to be submitted for home renovation loan such as – Aadhar Card/PAN Card, salary slips and bank statement.
Hero FinCorp Instant Personal Loan app speeds up home renovation loan sanction with minimal documentation. Once approved, the loan amount can be used for home improvement and upgrade, adding comfort and elegance to your living space.