Home Renovation Loan HDFC vs Home Renovation Loan Qbera

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.

Features of Home renovation loan from Qbera

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.

• Extended to salaried individuals and self-employed persons
• Minimum monthly salary of Rs 18,000
• Age group of 23-55 years
• A completely digitized application process
• Flexibility of usage
• Minimal processing fee and no hidden charges
• Competitive interest rate
• Dedicated customer care

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.

• Extended to salaried individuals
• Age group of 21-60 years
• Minimum monthly salary of Rs 20,000(in metro cities)
• Digital application form
• Flexible use
• Competitive interest rate
• Can avail attached insurance facilities
• Dedicated Customer service

Home Renovation Loan HDFC vs Home Renovation Loan Qbera

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.