Giving your home a festive makeover can be an exciting task. However, proper planning is needed as it involves a range of expenses. A budget needs to be set aside to meet these costs, whether you’re considering adding a concrete structure to your house, like a new garage, landscaping your garden, or getting new furniture and appliances. However, you can easily address all your minor and major house renovation expenses using the Bajaj Finserv Home Improvement Loan.
This personal loan is tailored to be your go-to home decoration and house repair loan as it is an unsecured loan with no restrictions on usage. Here’s what sets it apart.
Easy qualification parametersRegarding the Bajaj Finserv Personal Loan, eligibility is quite lenient, so you can easily meet the criteria and use it for multiple house renovation purposes. Take a look at the simple terms of this personal loan for salaried employees.
Borrowers need to be within 20 to 60 years of age
Applicants need to be employed with an MNC, private or public organisation
Borrowers need to be residing citizens of India
Applicants need to have a credit score of 750 or more
The minimum salary required for the loan varies as per your location between Rs. 22,000 and Rs. 35,000, depending on your city of residence.
Online application processYou can apply for this house repair loan online without any hassles. To prove your eligibility, fill the short digital form and submit minimal documents. Here’s what you may be asked to provide.
KYC details (PAN card/Aadhaar card)
Employee ID card issued by your organisation
Latest salary slips
Bank statements of your salary account
Using your smartphone for added convenience, you can also avail yourself of this loan with the Bajaj Finserv personal loan app.
When you avail of the Bajaj Finserv Personal Loan for home decoration, you get multiple value-added benefits. They are as follows.
Borrow up to Rs. 25 lakh
Use this ample amount for various home renovation expenses without any constraint on how you spend the money.
There’s no need to pledge any asset as security to get the loan.
Approval in five minutes, disbursement in 24 hours*
Use the funds for emergency house repairs or for immediate needs as you get online approval instantly and money in your account in just a day from approval.
Online EMI calculator for a personal loan
This helps you plan your repayment before you get the loan. Using it, you can ensure your monthly payments fit your budget.
Nominal interest rate
By qualifying for the loan and meeting all criteria, you can get low personal loan interest rates that make repayment easier on the pocket.
Convenient repayment tenors
Choose a duration of up to 5 years to pay off your loan stress-free.
You can pay just the interest as EMI for the first year and reduce your monthly instalments to manage your finances better.
Online loan management
Check all the loan details, download interest certificates and pay EMIs at any time and from anywhere by logging into the digital customer portal.
Has multiple uses this festive season
Here are some ways to use the Bajaj Finserv Personal Loan for salaried employees to do up your home.
Paint the interiors and exteriors of your home
Revamp your rooms with soft furnishings, smart appliances, and furniture
Manage emergency home repairs
Convert your kitchen into a modular kitchen
Add a concrete structure, like a balcony or a garage
Do up your gardens with landscaping and outdoor furniture
Convert an attic or extra space into a bedroom or workspace
Now you know how the Bajaj Finserv home improvement loan provides an ideal solution for your needs this season, apply for one online. Don’t forget to check your pre-approved offer and get your loan processed in one click. Get your home renovation done without delay or compromise.
*Terms and conditions apply