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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 3,00,000. Useful features, simple eligibility criteria and paperless documentation makes home renovation loan accessible via Hero FinCorp Instant Personal Loan.

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Home Renovation Loan
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Features and Benefits of Home Renovation Loan via Hero FinCorp Instant Personal Loan

Quick Loan Approval

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.

Loan Disbursal

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.

Minimal Documentation

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

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.

Affordable Interest Rates

Low Rate of Interest

The interest rate is 25% 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 required

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:

  • 1

    Filled and signed loan application form. Electronic signature if submitted online.

  • 2

    KYC documents - Aadhar card/Driving License

  • 3

    Income documents - bank statement of last 6 months, IT return sheet or form 16

  • 4

    You should be the resident of India

  • 5

    You should be either salaried or self-employed individual/ businessman

  • 6

    Your minimum monthly income should meet the criteria fixed by the lender

  • 7

    You should be at least 21-58 years of age

  • 8

    Your credit history should meet the criteria set by the lender. Credit score may vary as different lenders set different bars as per their standards.

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:

House Renovation Loan

  • Install Hero FinCorp Instant Personal Loan app from Google Play Store

  • Register with basic details – mobile number & email address verified with OTP

  • Enter the desired loan amount and customize EMI using the loan EMI calculator

  • Paperless verification of KYC details using a security code

  • Bank account verification through net banking; the credentials are never stored

  • Instant loan approved in minutes and transferred to the bank account

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