Home repairs before the monsoon? Personal Loans for quick renovation in Chennai

The monsoon season in Chennai is both a blessing and a challenge. While it brings relief from the scorching summer heat, it also often highlights the vulnerabilities in your home, such as leaky roofs, damp walls, clogged drains, and electrical issues. However, your house will be ready for monsoons with the right approach. Here is how a Personal Loan helps manage quick home renovations in Chennai during the monsoon.

Why are Personal Loans ideal for emergency home renovation in Chennai?

When you need urgent home repairs, Personal Loans in Chennai offers several advantages:

• You can apply for a Personal Loan amount up to Rs. 30 lakh.
• A Personal Loan is unsecured. You need not pledge your house or any assets as collateral.
• The processing fee is 5% of the total Loan amount and the GST.
• Interest rates for Personal Loans in Chennai start at 13%.
• Loan foreclosure is allowed after full repayment of the first six EMIs.
• The tenure can range anywhere between 12-60 months.

Documents required to apply for Personal Loan in Chennai

Collecting all your documents to get a personal loan for home renovation in Chennai is no hassle. Having all the documents ready in advance makes your life significantly easier. Here are the required documents:

• You must submit your identity, age, address, income/salary proof, bank statements, and passport-size photographs.
• While applying for a Loan online in Chennai, you are required to upload all these documents.
• If you choose to apply for the Loan offline, bring the original documents to the branch office. Then, submit all the signed documents along with the application form.

Eligibility criteria for Personal Loans in Chennai

• To apply for a Loan in Chennai, you must be a citizen of India.
• The age limit is between 21 and 65 years, and you should have worked in the same organisation for the past 6 months.
• You should have a minimum work experience of 1 year.
• Anybody with a minimum salary of Rs. 20,000 can apply for a Personal Loan in Chennai.

How to apply for a Personal Loan in Chennai?

Applying is easier than ever:

1. Visit the lender’s website or the branch to apply for a Personal Loan in Chennai.
2. Provide your basic details and submit your Loan application.
3. A representative provides all the details of the Personal Loan.
4. Upload KYC and income documents.

Conclusion

When the Chennai rains start to pour, your home should be a safe, dry, and comfortable haven. However, if your house exhibits signs of stress, such as seepage, wiring issues, or structural wear, delaying repairs can exacerbate the problem. A Personal Loan offers a clever, quick, and stress-free solution to handle home repairs and renovation without dipping into your savings or taking high-interest Credit Card debt. So, if your home needs urgent attention this Monsoon, don’t wait for the damage to escalate.