As festive and wedding bells knock at the door, you are planning to host parties and welcome guests at your home. This is the time when you get seasonal discounts on home appliances, furniture, furnishings and electronics, etc. If you are looking to renovate your house, this is the right time to go for it. But it is not a cakewalk to finance such significant expenses at one go. Fortunately, PaySense provides instant loans which can be used for any purpose. Unlike education loans, business loans or home loans, instant personal loans are the source for instant cash, and the demand for it is increasing due to our aspiration towards a better lifestyle. The home renovation loan provided by PaysSense for home improvement is up to Rs. 5,00,000 without any collateral or security. PaySense will not only help you get instant approval but will also help you finish the process through a few clicks on the app sitting at home. You also have the option to choose repayment plans as per your convenience so that it gets easier for you to manage your EMIs.

With a home renovation loan, you have the easy access to instant funding, and you can liberally upgrade and renovate your home as per your choice. Whether it is interior décor, or setting up the kitchen and home appliances, you can cover everything with the help of personal instant loan.

Steps to get a Home Renovation Loan

You need to have the basic eligibility criteria and require minimal documentation to apply for a home renovation loan. You should be an Indian resident aged between 21 and 60 years old. Additionally, you should be able to fulfil the minimum salary requirement if you are applying through PaySense. Don’t forget to submit the KYC documents which include your ID proof, address proof, employee ID, salary slips and bank account statements of your salary account of the past 3 months.

Advantages of Home Renovation Loan

  • Instant disbursal within a day – PaySense’s instant loan facility is one of the best advantages as you will receive instant fund and confirmation after you submit your application. The lender will dispatch your loan amount to your account within a day after your documents get approved.
  • You can keep your savings intact –With the help of an instant loan, you can renovate and develop your house without having to touch your savings and cover all your expenses which include furnishing, flooring, plumbing, etc.

It is imperative to comprehend the terms and conditions before you are opting for personal loans. Although the approach will provide you with instant money in a short duration of time without any collateral, such loans usually have higher interest rates than banks. But the good part is instant loans can be passed through with single-step KYC verification.

Such quick and hassle-free loans open doors for you to do things you want to at your point of convenience. But the good part is such loans save a lot of your time and energy. But you need to keep few things in mind before signing up for such loans because any loan comes with its terms and conditions, debts, penalties, repayment cycles, etc.

The amount you are signing up for: It is recommendable that you borrow the amount you need no matter if you are eligible for more. It is obvious that if the amount is less, it will be easier for you to repay it. Keep in mind that you don’t borrow more than 50% of your credit line if you don’t need it desperately.

The interest rate: You know that it is always beneficial to have more options. The more the lenders, the more and different rates of interest you will be offered on loans you take from them. Therefore, it is advisable for you to pick your option wisely. Although banks offer lower interest rates, if you take a personal loan from a lender, you will be asked for a higher interest rate due to risk factor and absence of collateral. But PaySense offers some reasonable and affordable interest rates for you in the industry of personal loans.

The time period: If you are looking to repay in a shorter duration of time, the EMI amount will be higher for every month. The best way to go about it is if you think of balancing the EMI amount with the tenure of repayment to ensure that you pay a lower interest rate. PaySense always allows its customers to opt the repayment timetable and EMI sum as per their convenience.

The EMI amount: Once you decide to take a loan, start putting your savings aside to pay off the EMIs comfortably with time.

The lender: Before you take a loan from a lender, please go through a thorough background and authenticity check of the lender. And these days, it is an advantage to do that being present on digital platforms.

Availability: In most cases, we take loans when we are in urgent need of money. PaySense provides you with instant approval of the loan (after your documents are verified) within two working hours and transfers the loan amount to your account within 3-4 business days.


Festive period is all about being joyful and keeping up the cheerful spirit. A home renovation project should not make you worry, especially when you have the option of getting a home renovation loan.