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?
This blog post is part of the blog challenge ‘Blogaberry Dazzle’
hosted by Cindy D’Silva and Noor Anand Chawla
in collaboration with Monidipa Dutta.
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42 Comments
Seems very useful…
I knew we could get loans for buying gadgets, vehicles and house renovation but getting loans for even vacations and weddings is something new for me. I am really curious to learn more about it and understand the terms and conditions surrounding these loans. I hope this review will be help me out in this journey!
We have extended our flat by merging two and was looking to get the interior done. But the cost was lil high so thought of applying for a loan and there you go! I stumbled upon this article. This looks very easy process. Thank you
The PLANET App truly makes the cumbersome process of applying for consumer loans so simple. It seems to harness the power of technology and make the entire process digital and available at ones’ fingertips.
L&T Finance’s Planet App must have been a game-changer for anyone who wants to do some home renovation! The convenience and user-friendly features make it the perfect solution for hassle-free financing.
There are so many options available today. This seems to be interesting will definitely try it out. Thankyou for the information
Wow this is a quick way to get finances for home renovation. Thanks for sharing this Cindy. One of my relatives were looking for something on this
Home improvement is a new term but definitely needs a big load of investment but good to know that we have planet app to support the same
L&T Finance’s Planet App for home renovation loans seems like a fantastic solution for those looking to undertake home improvement projects. The convenience and user-friendly interface of the Planet App, coupled with L&T Finance’s trusted brand reputation, make it an appealing choice. Thanks for an informative post!
The app that helps to share all the information on finger tips with great insight is a sure to check. This app is revolutionary to save many bucks on home renovation.
Planet app is one of the great app I came across and happy that I am using this for my finance investments and planning. Thanks for sharing a detailed review.
I had no clue about the planet app dear, thank you so much for sharing about the same. The fact that you have put it as Q&As makes it further clear.
This is such great step by L&T for launching such an amazing and helpful app. This app provides a safe and trusted place for people who want to take a loan. With the help of this app we can now take consumer loan for home renovation as well.
The Planet app seems a hasel free and customer centric app. It has backing of a trusted brand like L & T is a win win.
Recently, I have read a lot about the PLANET app. The method appears to be quite simple. I considered first-time homebuyers who aspire to make their dream houses. They will be able to fulfil their wishes thanks to this.
I wasn’t aware that one can take loans for home renovation. Thanks for sharing about this app.
Thank you for sharing your experience with the PLANET APP by L&T Finance for home renovation loans. It’s great to hear that the app provides a convenient and quick loan application process, as well as helpful features for managing repayments. Your insights about the ease of updating personal information and avoiding physical documentation are valuable. Keep up the good work!
I am hearing a lot about planet app all across the web. seems like a great app with many amazing features. will surly explore more from my side. thanks Cindy for sharing your experience with us.
I am reading a lot about PLANET app lately. The process seems very easy. I was thinking about the first time home buyers who want to make it their dream home. This will help them in fulfilling their wishes.
Yup, it surely will.
Wow never thought that Loan process could be this quick and hassle free. Would love to recommend this to all my family and friends who are looking for one. Thanks for sharing this info.
Financial instruments and institutions often confuse common folks, hence they leave all to the experts. But, when the expert is this handy, why depend on anyone else. I am too using Planet App for my financial planning and requirements.
Oh, wow, that’s great, Dipika!
It’s great to know about new options in the finance sector. I will definitely keep this brand in mind for home loans.
This article briefly explained L & T finance and it’s know how. The questionaire is the most helpful part to undestand it better. Nice work.
Wow, never seen a detailed post on how to get a loan online written with unambiguous clarity. You are such a pro at writing about finances and loans. The ease of getting a loan through the app are well explained.
Oh, didn’t know about this yet. And you’ve explained it so well like a very simple FAQ. Thanks for this information.
This app looks like a saviour. Downloading right now. Home renovation not in the next 10 years as I spent 6 months of last year into it 🙏
Vacation…yes yes yes! Need to save a lot of money for that!
Yes, saw your home renovation post, Mandira!
I have seen many apps which offer loan and always wondered how authentic they are, thanks for sharing this. At least I got my doubt cleared out.
Wow that’s really good to know about this Planet App and it will be really helpful for many like me who may need cash urgently. The best part is that we were already planning for some renovation of house before the Diwali and this app can make our process faster. Thank you so much for introducing me to this app.
All the best, Samata! Do let me know how it goes.
Taking a loan has become so easy nowadays. This app sounds too good to be true. I will surely check it out.
I had quite an experience securing a home loan not because I wasn’t qualified, but because they saw no sense in a single woman buying a house. Post that, I have been quite skeptical of such claims. But this seems worth checking out. Thanks for sharing about it.
Huh? Is our marital status important here? I haven’t checked that. Do let me know whenever you use this app.
Informative post. Sure useful for ppl who are looking for easy loans for medium budget items.
I had no idea that there is something like loans for home renovation and vacations etc. that too this L&T one is so easy to apply… within minutes? really? How convenient!
Wow, this post couldn’t have come at a better time for me! My sister-in-law is currently planning a home renovation, and it’s definitely a demanding task. The thought of moving walls and removing doors sounds like quite the undertaking.
I can only imagine the amount of supervision and adjustment required throughout the process, especially if you’re still living in the house being renovated. Daily life will inevitably be interrupted until the work is completed.
The PLANET APP by L&T Finance sounds intriguing, especially if it allows users to apply for a loan quickly and easily. I’ll definitely recommend this app to my sister-in-law as it could potentially make her loan application process smoother. Thanks for sharing this timely information!
Busy schedules have made going to the bank a hassle. It is a great relief that we can now apply and get loans sitting at home, otherwise getting a loan is such a time-consuming process. I am thrilled to try this Planet App for my short-term financial needs.
Awesome, Preeti. Do let me know your experience whenever you do.
It seems like a good solution during emergencies, when you need funds fast. I will download this app and check out all the features.
Interesting. I never knew we can get loans for renovation or even vacations, weddings or buying gadgets. Thanks for sharing this info about Planet app, Cindy. I needed to renovate my home a couple of years ago and struggled to shell out money at once. Wish I had known about this app earlier.