Renovating a house can be demanding. From moving walls to removing doors, home renovations are a tedious affair. Not only do we have to supervise the changes all day, but we are also required to adjust ourselves through it all. Like, if you are staying in the same house that you want to renovate, you are bound to experience interruptions in your daily life until the work is done.
While the experience during the renovation can be harrowing, taking a loan for home renovation should be a better one. A friend recently told us about this mobile application that he downloaded and had quite a good experience with while applying for a loan to renovate his home. You can download the PLANET APP by L&T Finance within a minute and enter your mobile number to start using the services. Want to know more? Read on.
WHO IS ELIGIBLE TO APPLY FOR A LOAN?
If you are a salaried employee and an Indian citizen, you are eligible to apply for a loan.
WHAT ARE THE TYPES OF LOANS AVAILABLE?
Under consumer loans, you will be able to apply for weddings, home renovations, vacations, appliances, etc. They also have two-wheeler loans available. L&T Finance is also providing loans for Electronic vehicles in the two-wheelers category.
HOW LONG DOES IT TAKE TO APPLY FOR A LOAN?
Without the need to step out of your home or the requirement of physical documents, the loan process takes around 7 odd minutes. You insert your details, choose an offer, enter your KYC details, bank details and, finally, add your electronic signature to complete the process. The 4-step process has a turnaround time of less than 7 minutes. They also have convenient loan payment options.
CAN WE APPLY FOR MORE THAN ONE LOAN?
Once the digital cooling period is satisfied, you are eligible to apply for loans for multiple needs.
WHAT IS THE RATE OF INTEREST?
Though not the lowest, the rates are surely market competitive.
WILL WE BE HARASSED FOR THE REPAYMENT OF LOANS?
No. L&T Finance has shifted from being product-focused to customer-focused. So, accessing the PLANET APP not only helps you with reminders for repayments but also gives you updates, EMI payment reminders, loan documents access, credit scores, etc. Repayment of loans can be done through the mobile application itself.
WOULD PHYSICAL DOCUMENTATION BE REQUIRED IN CASE OF ADDRESS CHANGE?
If necessary, the PLANET APP allows you to update your personal information like addresses and phone numbers with ease. No physical documentation is required.
DOES L&T FINANCE CHARGE LATE FEES?
Of course. Just like you get your loan on time, you are required to repay the loan on time, too, failing which a late fee will be applicable.
I was glad to be introduced to this application at the right time. I think it may come in handy in the future. I have experienced visits to the banks that are too time consuming. When an application that disburses loans is available at our fingertips, why not make use of its features and get closer to our goals faster?
Download the PLANET APP now by scanning the QR code below.
What do you think? Are you planning a renovation or vacation anytime soon?