Home Improvement Loan is one of the easiest ways to fund your dream of giving your home a new look and renovating it as per your desire.
Home Improvement Loan is one of the easiest ways to fund your dream of giving your home a new look and renovating it as per your desire.
Renovating and refurbishing your home involves a huge expense. So, it makes sense to evaluate some options to fund it. A home improvement loan is typically a short-term loan advanced for improvements in a residential property, such as additions and alterations, maintenance and repair, or replacement of structural parts. These loans are available at attractive interest rates and repayment options.
Altum Credo provides this facility wherein the loan will be extended for renovation/extension of the owned house or for purchase of under-construction residential properties which fall under builder, society, or development authority approved plans and projects. End-use of this loan should be towards the acquisition of a residential dwelling.
Loan Amount |
The minimum loan amount under home improvement loans is capped at Rs. 2.5 Lakhs. The maximum loan amount for the same goes up to Rs. 5 Lakhs. |
Tenure |
The minimum tenure is 2 years and the maximum tenure offered under home improvement loans is 8 years. |
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