To keep your home or vehicle in pristine condition, it is advisable to go in for periodic maintenance. While this is based on kilometers for vehicles, it is years for a home. Ideally, you should go in for a repainting and maintenance every couple of years. However, you can also opt for a full-scale home renovation once in a while. Home renovation projects have become exceedingly pricey nowadays with the increase in the cost of materials like fixtures and raw materials as well as labor costs. To opt for a home renovation loan is better than digging in extensively on your savings.
There are excellent options from traditional banks, NBFCs as well as Fintechs. HDFC Bank, as well as Qbera loans, have many options for you to choose from. Following is the list of their salient features to help you decide and pick the one that is best suited for your need.
A flexible personal loan from Qbera can be used as a home renovation loan. The amount can be used to buy raw materials such as paints as well as sanitary fixtures. This amount can also be diverted to upgradation of your home appliances as well- it is your discretion at the end of the day. The loan disbursal is also fast, once the verifications are done, the amount is deposited in your account within 24 hours.
Features of Home renovation loan from HDFC
An HDFC home renovation loan can be availed as a pre-approved loan by existing customers of the bank. New customers are required to fill in an online application form and they promise the application processing to be completed within a working day.
|Particulars||HDFC Renovation Loan||Qbera Renovation Loan|
Rate of Interest
||Starting at 15%
||Starting at 10.99%
||Up to Rs 40,00, 000/-
||Up to Rs 25,00, 000/-
||24-48 hours max
||2.50% of loan amount
||700 and above
||600 and above
Before applying for a loan, it is prudent to check the eligibility criteria as these differ from institution to institution. However, an important criterion that is common with all financial institution is the CIBIL score. Higher the score, better are your chances of getting the loan and also at an enviable interest rate. so be careful about your credit score and do a periodic evaluation of the same to look for discrepancies and also for excellent management of your loans.
||11.99% to 35.99%
|| 1% to 5% of total loan amount
||₹1,00,000 to ₹15,00,000
||12 to 60 months
"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."
I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...
"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."
"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"
"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"
"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"