Personal Loan for Home Renovation

Frequently Asked Questions

• 1. Can I apply online for a home repair loan?

  Yes, you can apply for a loan online and use it for repairs or renovations, depending on your specific requirements. You can fix up or redo your home to increase the resale value and pay off the complete loan after reaping the profits.

• 2. Can I apply for a home improvement loan without a pan card?

  A PAN card is usually mandatory while applying for a loan. The loan will be disbursed to your bank account and it is mostly not possible to obtain a bank account without a PAN card.

• 3. Can I apply for a home renovation loan without an Aadhaar card?

  Yes, you can apply for a home renovation loan without any hassles if you do not have your Aadhaar card available. However, you will have to provide an alternate proof of address that is valid.

• 4. Who can get a home improvement loan?

  Anybody can get a loan for home improvement as long as they need the criteria of the lender. For KreditBee, you must be a citizen of India earning more than ₹10,000 a month, and between 21 to 60 years of age, and you can get quick loans in just a few clicks.

• 5. Can I use a home renovation loan for anything?

  Yes, as a matter of fact, you can use a loan from KreditBee for any purpose you choose. Once the loan is disbursed to your bank account, you can use the funds for renovations, repairs, a down-payment or anything you need.

• 6. Can I buy furniture for my house with a home improvement loan? (KB angle - loan can be used based on your need)

  Yes, a home improvement loan can be used to furnish your home as well. Pretty much anything you need to revamp and remodel your home is covered under a home improvement loan as long as the loan amount is sufficient to cover your needs.

• 7. What is the maximum term for which I can get a home renovation loan?

  You can choose a flexible repayment tenure to repay your loan ranging from 3 months all the way up to 36 months.

• 8. How much loan for home renovation can I get from KreditBee?

  You can avail your loan up to ₹5 Lakhs from KreditBee in just 10 minutes.

• 9. How is EMI calculated on my house renovation loan?

  You can choose a simple repayment plan with different options to repay your loan. You can choose an EMI range and tenure that you’re comfortable with. Try KreditBee’s EMI calculator!

• 10. Can I get a loan for home renovation from KreditBee?

  Yes you can, whether you’re a salaried employee or a self-employed individual, you can apply for the loan you need and avail your funds up to ₹5 Lakhs from KreditBee.