Owning a home and decorating it to suit your style is one of the many joys of being a homeowner. And with unbeatable deals on offer during the festive period, this is the time to renovate your home. If you’re thinking of revamping your home this year, make things easier by funding renovations with an unsecured home renovation loan.

This unique instrument is tailored to cater to this specific need and has features to complement the experience. What’s more, like the other offers available during this time, leading lenders also launch their seasonal rates on such loans. As such, this is truly the best time to upgrade your home as you get the best personal loans to choose from. To know how a specialised home renovation loan can help you shape your dream home, read on.

Make structural changes with the large, collateral-free sanction

Structural changes are some of the biggest changes you can make to your home. Whether you live in a house, bungalow, or apartment, this could include converting to a duplex, adding an extra guest room, or adding attached bathrooms to the bedrooms. Whatever the change, such renovations will be expensive but completely manageable with a home renovation loan.

Usually, lenders that offer such an instrument will allow borrowers to get a sizable sum, sometimes up to Rs. 25 lakh. However, availing of such a sum will depend on your financial and credit profile. What’s more, these specialised home renovation loans are unsecured offerings. This means you don’t have to pledge your home or any other assets to get the funds you need to make these upgrades. Collateral-free options save you a lot of time and can reduce the effort required to access money.

Redo the flooring or upgrade to a modular kitchen affordably

Another way to spruce up your home is to completely redo the flooring or carpeting or upgrade to a modular kitchen. All these options can have a massive impact on how your home looks and feels. For instance, if you’ve always had a tiled floor, you could consider switching to wooden floorboards or carpets in the main living areas. The kitchen is another area that also benefits significantly from an upgrade. Upgrading a modular kitchen with minimalistic themes and custom countertops can do wonders.

While all these upgrades get you closer to your dream home, they can be heavy on the pocket. Thankfully, a home renovation loan addresses this problem. Not only do you get the funds you need, but you can also avail them at an affordable rate. Top lenders offer competitive rates, and depending on your profile, you may qualify for a better deal. 

Revamp the foyer and pay for it comfortably over a lengthy tenor

First impressions matter, which is why the foyer to your home should be perfect. Renovating this crucial part of your home can include adding beautiful lighting fittings, showcasing exquisite art, having custom-made furniture, and placing other furnishings that add personality to the space. With a home renovation loan, you can personalise the foyer however you’d like without worrying about any upfront costs. Lenders don’t require you to offer any down payment and allow you to repay over a tenor that lasts several years.

Some offer flexible plans that range up to 5 years, allowing you to tailor instalments based on your comfort. With tools like the personal loan calculator, you can easily find EMIs that fit your budget and freely spend on luxury upgrades for your home.

Renovating a home demands a lot of planning, but it is also common for unplanned expenses to arise. This is just part and parcel of the undertaking, and with the best personal loans, you can go ahead with your plans without interruptions.

An exceptional home renovation loan to consider is the Bajaj Finserv Personal Loan. With it, you get expedited access to funds, thanks to the digital loan application, approval, and disbursal provisions. Bajaj Finserv offers up to Rs. 25 lakh for home renovation purposes, and you can opt for a flexible tenor that ranges up to 60 months. To get access to all these loan features today, check your pre-approved offer and start working on your dream home.