Looking for Home Automation System? How to Finance it?

Unsecured Personal Loans

An unsecured loan is one of the best options which can be availed to set up your home automation system. It is a collateral-free loan wherein you need not pledge any asset but get loans based on your past credit score and income-earning capacity. The main criteria that financial institutions consider before granting unsecured loans is the borrower’s credit score and repayment capacity, plus a disciplined approach towards regular loan repayments, Personal loans are a type of unsecured loans that can be used for any of your urgent financial needs, including setting up a home automation system.

Traditional financial institutions have stringent policies for granting unsecured loans with past credit history and income-earning capacity being a key criterion. However, this does not mean that if you have a low credit score and low income then you would not be able to fulfil your dream of setting up a home automation system through a loan.

There are various online finance platforms available that can easily finance your needs. One such user-friendly loan app is HeroFinCorp. HeroFinCorp provides instant personal loans for various purposes like marriage, education, home renovation etc., up to a maximum limit of Rs.1,50,000. The loan once approved gives a direct credit to your confirmed bank account. The complete loan application and disbursal process gets completed within 24 hours.

Eligibility Criteria for HeroFinCorp Unsecured Loan

The HeroFinCorp app provides access to personal loans for both salaried individuals and self-employed individuals. The key requirement is that the applicant should earn a minimum salary/income of Rs.15,000 per month. There is no physical documentation required on the HeroFinCorp app as the whole process is conducted online. The higher your income, the greater is your chances of a higher loan up to a maximum limit of Rs.1,50,000.

Eligibility Criteria

• Proof of being an Indian citizen
• Applicant age group between 21 - 58 years
• Minimum income/salary - Rs.15,000 per month
• Six months’ bank statement with income/salary details
• Salaried individual should work with a private or public sector

Mandatory Documents Required

• KYC documents - Aadhar card, Driver’s license, PAN card
• Latest salary slips for salaried

Just a few clicks on the Simple Cash app towards loan application will enable installation of the desired home automation system without any hassles.