Financial help in renovating my house

Posted by Ananya Dhiman on July 18th, 2019

There are a few options available in the market which the borrower can use for their personal needs. One of the most availed loans is the personal loan. It is an unsecured loan, which means you do not have to pledge any of your assets to the bank for the finances. It has one of the most competitive interest rates in the market as compared to other borrowing options. 
The funds of the loan can be used for any purpose according to the requirements of the borrower. He does not have to intimate the usage to the bank. So, in your case, you can use the funds for renovating or repairing your house.

To know more about Personal Loan 


Eligibility: There are eligibility criteria for borrowers, if you clear them then only your loan gets disbursed. There are a set of parameters like, the age of the applicant, monthly income, ability to repay the loan and most importantly the CIBIL score. Check eligibility Andhra Bank personal loan. 

Find out more about Personal Loan Eligibility 


Tenure: It has flexible loan tenure. The bank lets the borrower choose the duration for the loan repayment according to his comfort. The tenure starts from 1year and goes up to a maximum period of 5 years.


Interest Rate: The interest rate of a personal loan starts from 10.75% per annum. There are a few checks which a bank does before providing the loan to the borrower. Also, if you have an exceptional record of CIBIL score or you are a loyal internal customer of the bank then, you will be considered for a concession on the interest rate. Check interest rate Andhra bank personal loan.

Click to know more about Personal Loan Interest Rates 


Documentation: The process of documentation is simple and hassle-free. Only minimal paperwork is required from the borrower. The loan gets disbursed within a few hours after the paperwork is verified. 
There are many loan providers in the market, one such is Andhra Bank. So, you can go ahead and apply for Andhra Bank Personal Loan.

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Ananya Dhiman

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Ananya Dhiman
Joined: July 15th, 2019
Articles Posted: 2

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