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Home is everyone’s happy place - the only place in the world that is familiar to the “true you”. This is because each and every corner of your home sweet home knows you, and you're well-acquainted with these wonderful spots too. However, given the ravages of time, there is a high possibility that the roof might start leaking, the paint might start fading and the doors might start creaking. And when all this starts happening, it’s a signal that your beloved home might need some improvement. And even if nothing sort of this happens, then your home might need an upgrade to accommodate the changes in your lifestyle. Need some financial aid? Well, that’s what a home improvement loan in Ballia is for. In this blog, Bhumi Finance brings to you ten terrific reasons that will compel you to opt for a home improvement loan.

• Easy to Meet Eligibility Criteria

The eligibility criteria aren’t too difficult to meet when it comes to the Bhumi Finance home loan in Mirzapur. Just furnish 2 proofs of identity and there you go.

• Negligible or Less Paper Work.

This kind of loan requires less paperwork. There are banks that will conduct physical verification of the property before approving the loan, but lending institutions like Bhumi Finance that will consider your previous loan history and documents for minimum paperwork for disbursal.

• Seamless Approval

Remember all the times when you had to stand in long queues in order to get your personal loan application approved? Or the umpteen calls made to business loan agents in Chandauli for approval? Well, you won’t have to go through the same in the case of home improvement loans. With lending institutions like Bhumi Finance, you are bound to get quick approval on your home improvement loan application.

• Dodge the Collateral. 

Home loans in Varanasi are unsecured loans, which will take away the unwanted burden of risking your property in case of any defaults in the repayment of the loan. Hence, no collaterals!

• Get the Desired Home Improvement Loan Amount.

Again, since this is an unsecured loan, the amount of investment you qualify for will not depend on the value of the property. So, there is a high possibility of getting the desired loan amount.

• They come with Usage Flexibility.

Well, a home improvement loan can be used in a variety of ways. Make a new balcony, or extend the covered area of your home. Hence, this kind of secured loan from Bhumi Finance offers you flexibility as well as the freedom to use it for various improvement work.

• Enjoy Tax Benefits.

Under section 24 of Tax Rules and Laws, you will be eligible for a tax deduction on the interest paid toward a home improvement loan. 

• Low-interest rate.

Well, such loans are extended at a very low-interest rate. A personal loan in Mau and a business loan often come with high-interest rates. Most of the time these rates are floating in nature i.e. they increase given the policy of the lending institution. Home improvement loans, on the contrary, come with a fixed interest rate.

• EMIs are Low.

Well, if you are a salaried person with a limited source of income, getting a loan at a lower rate of interest with the lowest EMI will be a boon for you. Therefore, getting a secured home loan in Ballia is always the best option to stick to your monthly budget.

• Pay the Way You Like.

When you opt for a home improvement loan, you can conveniently choose the mode of repayment.  If you wish to repay the loan quickly, you can opt for higher EMIs. 

Sounds great, right? Reach out to Bhumi Finance now in order to opt for a home improvement loan now at https://bhumifinance.com/.