Uploaded on Mar 8, 2021
In this presentation, we have discuss the best home improvement loans. What are the best types of home renovation loans and how can you apply for it. If need to know more about home renovation loans, visit https://www.clix.capital/home-renovation-loan/
Which is the Best Home Improvement Loan
Which is the Best Home Improvement Loan? OVERVIEW Many owners decided to modify their houses at the end of the year. If you want to renovate your house, don't know how to pay the fee, you can look at various loans. Home improvements can include reconstruction, paint, internal and external repair, and even larger buildings, such as adding a floor. Top-up loans This is a loan that can take over and exceed existing housing loans. But only after a certain year's house loan is approved, this measure can be taken. Most banks have a fixed period of fixed period of more than 3-6 years. Interest rate is usually the benchmark interest rate plus a certain percentage. The longest usage period is usually 15-20 years, depending on the life of the existing house loans. "A additional loan is almost like a personal loan, except for its interest rate, although there is no housing loan interest rate so low. Most supplementary loans are limited to 70 for real estate value. But the actual percentage will depend on the market value of real estate and the capacity of the borrower. Working costs are generally 0.5 to 0.75% of the loan amounts. Personal Loan Personal loans are one of the most expensive loans because their interest rates are between 15% and 24% per year. The prepaid fee is also high the 2-5 of the principals. The longest term offered is usually only 5 years, which means that the average monthly installment payment (EMI) will be high compared to longer loans. The processing fee is also high - 2-2. Loan amount 5. There are prepaid and lockout periods. Although costs are expensive, individual loans are easy to get, because they do not need collateral, less paper work, and payment is usually carried out within 2-3 days. Some banks offer special offers to female customers. GOLD LOANS If you are not qualified to improve loans or personal loans, because, if the credit record or if the house is not in your name (may be a family or ancestral property), you can consider the gold loan. These are considered to be an alternative to personal loans. Payment usually only takes 1-2 days, but the interest rate is 14. 5-17% of the loans every year is much higher than home decoration loans. With gold loans, you can only get up to 80% of gold value, the term is usually 12-15 months. This means you need to commit more gold with more amount and pay higher EMI. CONTACT US Clix Capital Services Pvt. Ltd. Address - 9th Two Horizon Center, 901b, DLF Phase 5, Sector 43, Gurugram, Haryana 122002 Email - [email protected] Website - www.clix.capital BLOG - www.clix.capital/clixblog/ THANK YOU
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