Renovating
your home can help make it as good as new again while securing your investment
in your home. As renovation requires you to hire contractors, electricians,
plumbers or make purchases of new furniture or raw materials, it often comes
with a heavy price tag. You can avoid delaying or compromising on such
improvement activities and finance your home renovation
with a personal loan.
With Home Improvement Loan,
you can fund all your home renovation plans at a nominal interest rate. Here
you can avail up to Rs.25 lakh without having to pledge any of your personal
assets. Additionally, you can benefit from the online application and
management features and easy personal loan eligibility criteria, and minimal
documentation. You can also avail the Flexi Loan facility to borrow as you need
from your sanction, and pay interest only on the used amount. With this
facility, you can prepay at no extra cost and choose to pay interest-only EMIs
too.
Now that you know how easy it is
to fund your home renovation, look at why renovating your home is a good idea.
1) It
adds value to your home
Renovating your home can help
maintain the life of your property. However, in addition to this, it also
ensures your home remains an asset. This is because every new addition to your
home, even in the form of a renovation, increases the overall value of your
home. For instance, adding an outdoor living space or an intermediate floor
increases the living space of your home. Additionally, adding a new bedroom can
take your home from the 1BHK category to the 2BHK category. This way you will
have enough funds for all your redesigning needs.
2) It
upgrades your lifestyle
By redesigning
or renovating your home, you are not only adding to its value, but also
improving your own lifestyle. Adding space-saving furniture can keep your home
decluttered despite having kids or a hectic schedule. A modular kitchen can
make storage easy and organised. A vertical garden can help you grow your own
herbs without harmful pesticides and chemicals while purifying and cooling the
air in your home. Renovating your bathroom and separating the shower space can
reduce the moisture in your bathroom, making it more hygienic. To do all this
and more, avail the Flexi Loan facility on the personal loan for home
improvement. With this, you can borrow funds multiple times from your sanction
as your need arises and pay interest only on the used amount. You can also
choose interest-only EMIs to ease your initial monthly outflow post renovation
and organise your finances for repayment.
3) It
eliminates the need to purchase a new home
You may be looking to shift into a new home with
growing requirements of things like a guest room, a baby’s room, a play area
for the kids, a bigger kitchen, or better outdoor facilities. All these needs
can be easily catered to while renovating your home. This can help you reduce
your expense immensely as purchasing a home can prove to be much more expensive
than doing a well-planned home renovation. You can choose to add a new room,
add a water-storage tank, house an alternate power supply, redesign your
kitchen and have your plumbing fixed too. While you do all this, you can keep
track of all your expenses with the online account management feature on the
customer portal when you take a home improvement loan from NBFCs, Additionally, you can cut down your expenses
even further when you choose this personal loan as it has nominal Personal Loan interest rates that make your
loan experience pocket-friendly.
No comments:
Post a Comment