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Home Renovation Loan Services

Home – Loan Services – Home Renovation

What is a Home Renovation Loan Services?

Home renovation refers to the process of improving or updating an existing residential property. This can include structural changes, aesthetic upgrades, or functional enhancements to make the home more comfortable, modern, or suited to the owner’s preferences and lifestyle. Renovations may involve repairing old fixtures, remodeling interiors, upgrading utilities, or adding new features.

At Vimala LD Services LLP, we believe that turning your house into your dream home shouldn’t be a hassle. Whether you’re planning a complete makeover or minor upgrades, our home renovation loan services are designed to make the process smooth and stress-free.

Home Renovation Loan Required Documents for Salaried Person

1. Identity Proof (Any one of the following):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
2. Address Proof (Any one of the following):
  • Aadhaar Card
  • Passport
  • Rent Agreement
  • Bank Statement with Address
  • Utility Bills (Electricity, Water, or Gas – recent)
3. Income Proof:
  • Latest 3 to 6 months' salary slips
  • Form 16 or Income Tax Returns (ITRs) for the last 2-3 years
  • Bank statements for the last 6 months showing salary credits
4. Employment Proof:
  • Offer letter or employment certificate from the current employer
  • Appointment letter
5. Bank Statements:
  • Savings account statements for the last 6 to 12 months
6. Photographs:
  • Recent passport-sized photographs (as required by the lender)
Home Renovation Loan Required Documents for Self-Employed Individual
When applying for a Home Renovation Loan as a self-employed individual, lenders assess your income stability, business viability, and repayment capacity. Below is a list of commonly required documents:
1. Identity Proof (Any one of the following):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
2. Address Proof (Any one of the following):
  • Aadhaar Card
  • Passport
  • Rent Agreement
  • Bank Statement with Address
  • Utility Bills (Electricity, Water, or Gas – recent)
3. Income Proof:
  • Audited financial statements (Profit & Loss Account, Balance Sheet) for the last 2-3 years.
  • Income Tax Returns (ITR) for the last 2-3 years.
  • Bank statements for the last 6-12 months (personal and business accounts).
  • Business continuity proof (e.g., trade license, GST registration, or any other business registration document).
4. Business Proof
  • Certificate of Business Registration (e.g., GST Registration, Shop Act License, or Incorporation Certificate).
  • Proof of business existence for at least 3 years (e.g., client contracts, supplier agreements).
6. Other Documents
  • Passport-sized photographs (applicant and co-applicant, if any).
  • Cheque for processing fees.
Home Renovation Loan Services for Lower Segment Self-Employed Individuals
At Vimala LD Services LLP, we understand that self-employed individuals often face challenges in securing plot purchases due to the variability of their income. To address this, we offer tailored Home Renovation Loan solutions specifically designed for self-employed professionals and business owners.
Key Features of Our Self-Employed Home Renovation Loan Services:
  • Eligibility with One-Year ITR: Even if you have just one year of Income Tax Returns (ITR), you can still qualify for a Home Renovation Loan, provided other eligibility criteria are met.
  • Trade License for One Year: A valid one-year trade license can help establish the continuity of your business operations.
  • CIBIL Score Evaluation: Your creditworthiness is assessed based on your CIBIL score to ensure you meet the financial institution’s requirements.
  • Business Stock Assessment: We consider the value and turnover of your business stock as part of your eligibility evaluation.
  • Customized Loan Solutions: Our expert advisors help you find a loan option that suits your specific needs, business profile, and repayment capacity.
With our extensive network of banks and NBFCs, we aim to make the process simple, transparent, and stress-free. Whether you’re an entrepreneur, freelancer, or small business owner, we’re here to support your dream of owning a Home Renovation Loan.
Get in touch today to explore your options and start your hassle-free Home Renovation Loan journey!
Property Documents
Property Documents (For Home Construction/ Home Renovation):
  1. Land Deed
  2. Chain Deed
  3. Porcha
  4. Khajna
  5. Tax
  6. Mutation
  7. Sanction Plan
  8. Cost Of Estimate
Property Documents (Flat Renovation from Individual):
  1. Sale Deed
  2. Tax
  3. Mutation
  4. Development Agreement
  5. Power Of Attorney
  6. Land Deed
  7. Chain Deed
  8. Porcha
  9. Khajna
  10. Tax
  11. Mutation
  12. Sanction Plan
  13. Cost Of Estimate

Why Choose Us?

  • Tailored Financial Solutions: We partner with leading banks and NBFCs to offer loans specifically designed for home renovations, based on your needs and eligibility.
  • Doorstep Assistance: From application to approval, our experts handle all the paperwork and bring the service to your doorstep.
  • Flexible Loan Options: Choose repayment plans that suit your financial profile and budget.
  • Transparent Process: We ensure clarity in terms, conditions, and costs, so there are no surprises.
    Upgrade your home with confidence and convenience. With Vimala LD Services LLP by your side, transforming your living space has never been easier!

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At Vimala LD Services LLP, we provide end-to-end solutions for all your real estate needs. Whether you’re buying or selling a flat, plot, or house, we handle everything from drafting the sale agreement to the final registration process.

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