Personal loans for Home Renovation are sought by applicants who want to improve/repair/upgrade their homes in various ways such as flooring, painting, tiling, upgradation, remodeling, repair, improvement, extension etc. Fintech brands offer instant solutions for a such loan or credit requirements in a very seamless and easy manner.
Setting up your home can be a very expensive task and sometimes you can go over budget in making your dream house through furnishing or through interior designs. Most people go for personal loans in-order to make their dream homes a reality. This is in addition to the home loan they would have availed in buying the house.
For any personal loan requirement from a home renovation perspective, Stashfin’s instant personal or credit line comes in very handy as it offers the following benefits:
– A credit limit upto ₹5,00,000
– Flexible Tenure Options upto 36 months
– Instant Funds Across Needs
– Interest only on the amount utilized
Loans range from ₹1000 to ₹5,00,000 with repayment periods starting from 3 months to 36 months. We offer interest rates ranging from 11.99% – 59.99% APR (Annual Percentage Rate), however, rates may vary from case to case. All loans are paid through Equal Monthly Instalments (EMIs) via electronic payment.
Given the surge in demand during the festive season, consumers must keep the below things in mind while choosing their preferred brand for taking instant funds.
Check your eligibility and the need
There are fintech players such as Stashfin that can help you with the right amount of funds that will cater to your needs which traditional banking players may not be able owing to their underwriting capabilities and the way they are able to scale up very quickly given the demand for the season.
Keep your credit score high
The importance of a good credit score goes up even more. Based on your credit scores, your eligibility and rate of interest will be decided. Therefore, it’s a good idea to check your credit score regularly. Also, make sure that you pay EMIs on time.
Beware of frauds
Don’t fall for debt trap or share your personal details such as CVV/OTP or click on any suspicious links as certain fake apps also get very active during this period
Check all T&Cs and charges when taking a personal loan
It’s important to read all the documents carefully to ensure that there are no hidden charges in the loan that you are borrowing.
Check the background of the fintech players
It’s important to check the background of the apps and take personal loans only from RBI-regulated entities so the processes are seamless.
Given the surge in the demand, players like Stashfin have exclusive offers and benefits for their consumers such as Instant funds up to Rs. 5 lacs, direct bank transfers, attractive interest rates, instant approvals, quick process, which is completely digital, exclusive rewards.
To apply for a Stashfin loan, you can download the app here Stashfin – Credit Line & Funds – Apps on Google Play or apply on the website Stashfin