4 Simple Tips to Finance your Home Renovation by Taking a Personal Loan
                     4 Steps to Finance your
Home Renovation by
Taking a Personal Loan

Exact Loan Amount
First of all you need to identify what you want to renovate. Then you can choose the
personal loan amount based on your budget for home improvement activities. You
can easily check lenders personal loan EMI calculators to complete clarity on your
monthly outflow.
Personal Loan Eligibility
Criteria
With a very simple eligibility criteria and minimal documentation, it is easy for you to qualify
for a personal loan for home renovation. To qualify, you must be an Indian resident citizen
between 21 and 60 years of age and you must be employed with an MNC, public or private
company. You can check lenders personal loan eligibility criteria page to read more.
Home Renovation Loan
Interest Rates
NBFCs offer personal loans for home improvement at interest rates as low as
11.99% per annum. Loan amount can be upto Rs. 25 lacs and up to 90% of the total
home renovation amount. The exact interest rate charged on your loan is
determined based on your financial profile including your CIBIL score, the nature of
employment and existing relationship with lenders. 
Easy Application
Process
You can go to the lender website and apply for a personal loan for home
renovation.You can click on the ‘Apply Now’ button on this page and complete OTP
verification of your mobile number.Then you need to fill up all the requisite form
provided with personal, employment, income, and bank details. After submitting
your application form, you will receive confirmation in a matter of few minutes.
Reference URL
https://en.wikipedia.org/wiki/Loan
https://www.fullertonindia.com/knowledge-center/how-to-finance-your-home-renovation.aspx