Home/ Brand Stories / Kick-start a home improvement project with a personal loan

Making improvements to your home can be a terrific way to raise its worth and create a space that genuinely expresses your taste and personality. While necessary, home renovations often come with a hefty price tag, which is why many tend to delay the task at hand. The good news is that a personal loan can help you with the funds you require. So, why delay the repairs or renovation of your home?

Personal loans are unsecured offerings which do not require any guarantor or collateral. They are easy to get and even easier to use. NBFCs provide high-value personal loans with fast processing and minimum documentation, which might be useful if the actual cost of repairs and renovations is high. With personal loans, you can choose a convenient repayment tenure that works for you.

Here are a few factors that make personal loans an ideal choice for financing your home improvement.

  • Lump-sum amount

Depending on the quotation you receive, a personal loan for home expenses may cover the amount you may need for renovating your home. With a Bajaj Finserv Personal Loan, you can choose to finance your home renovation goals with as little as Rs. 1 lakh or as much as Rs. 35 lakh. Such a personal loan can cover your expenses whether you want to renovate your kitchen or do a long-awaited living room makeover.

  • Simple eligibility & no collateral required

Personal loans are easier to get as the requirements to apply for one are straightforward. Furthermore, personal loans are unsecured, which means you are not required to provide any collateral in exchange. By doing this, you can ensure your financial stability and make the most of your loan.

  • Speedy disbursal of the loan amount

Personal loans have now become a popular financing choice keeping in mind the rapidity with which they are processed and approved. The approval usually doesn’t take long and the money is disbursed to your bank account within a day.

  • Convenient repayment tenure

Personal loans are easy to get, and you can choose a repayment tenure to according to an EMI that works for you. You can repay the loan in instalments over time rather than paying the entire amount back at once. With Bajaj Finserv Personal Loans customers can select a longer term of up to 84 months to manage their monthly expenses.

  • No hidden charges:

Borrowers are given complete transparency; they are not subjected to any hidden fees or charges. The list of all the costs that come with getting a loan is on the lender's website and in the loan documents. It is advisable to read all terms in detail before availing of a loan.

If you are looking for funds to renovate your home, a Bajaj Finserv Personal Loan may be a sensible choice. You can also use an EMI calculator to quickly figure out your EMI outflow. Your monthly instalment can be calculated by entering only three fields: the desired loan amount, the payback period, and the interest rate.

When you have this loan as a backup, it's difficult to search elsewhere given the abundance of appealing features and advantages presented. A Bajaj Finserv Personal Loan is just what you need to fund that long-overdue home improvement project. Check your offer today and plan your home renovation without worrying about the expenses.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same. This information does not constitute a financial advice.

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Updated: 14 Mar 2023, 11:15 AM IST
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