Renovating your home can be a costly
affair, but a home improvement loan can help you bring all the required changes
in time.
With the help of a loan, you can
transform your home into a modern living space. Renovating and refurbishing
your home involves a considerable expense. So, evaluating your budget is a
crucial step to make sure that the cost of renovation meets your current
financial goals.
However, banks and NBFCs such
as Shubham Housing Development Finance Company offer
home improvement loans, which can be up to 80-90% of the estimated cost of
repairs. These loans are available at attractive interest rates and repayment
options with easy processing and minimal documentation.
At Shubham we provide improvement
loans that give your home just the right makeover it needs with our
flexible and affordable home improvement loans as the loans come with a number of benefits,
including:
Flexibility
to spend: One of the key benefits of a
home improvement loan is the flexibility that it offers to borrowers. You can
use the funds for all kinds of repairs – from civil work to carpentry, painting
to masonry.
For instance, you can use the funds
from a home improvement loan to pay
your contractor or use it to purchase necessary equipment for renovation such
as cement, tiles, etc.
Competitive
rates: Our home renovation loan comes
with zero pre-closure charges, minimal processing fees, and attractive interest
rates.
Documents: Application form must be filled and signed by all
co-applicants. Documents required are identity and address proof of
co-applicants, proof of income and employment, and stamp size photographs.
Processing
fees: The finance company may charge
processing fees as a percentage of the loan amount. The cheque for processing
fees must be given at the time of applying for the loan. On submission of
application, the loan may be sanctioned if found in order, and a repayment term
of up to 15 years may be provided for repayment of the loan.
Security: Security for the loan is generally the
security interest on the property financed and or any collateral or interim
security as may be required by the financing institution or bank.
So if you are planning to renovate your home for long but
restrain yourself due to the high costs of renovation then now you can take the
first step towards transforming your home with our home improvement loan. Apply
now to get the best interest rates on Shubham’s
Home Improvement Loans.
