Personal finance helps people in many ways to protect their homes from getting damaged. If the borrower is falling short for maintenance of the home, the individual can opt for personal loans. Banks provide loans at attractive interest rates starting from 9% onwards. Thus it is beneficial to opt for personal loans for the maintenance of the home. Banks provide personal loans for various purposes like renovation of the property, expansion of the property, waterproofing of the property. ETC. The borrower can avail of loans with minimal documentation and in an easy way. Bank processes personal loans within 48 hours to the borrower from the date of application. In the online process, the loans can be processed within few hours after the application is given. The customer has to upload the documents online and fill up the application form in the online process. Bank verifies the credentials and then approves the loan of an individual. The online loan application process is more quick and easy, and faster disbursement of loans is done. Thus online application process is a highly recommended ones. The borrower can thus utilize the funds for the renovation of the home easily by availing of personal loans.

In monsoon season there are various damages caused to the houses. The roof starts leaking if the waterproofing is done properly. The exterior paints may get spoilt due to moisture in the air. The parts of the wall may develop cracks or may get damaged due to flood-like situations or else heavy winds. The fabrication work may also be required to protect the house from rainwater entering the house. Thus for all this maintenance work, personal loans can be obtained. Personal loans can be availed for the tenure of a minimum of 1 year and a maximum of 5 years. Instead of spending the money from the past savings, it is a better-recommended option to apply for the bank’s personal loans and pay the amount installment wise to the bank. The frequent use of credits and repaying the credits on time can help the customers improve their credit scores with updated ones. Having a good credit score is beneficial as it helps the borrower avail loans easily whenever required from the bank. Also, availing of loans can help keep their savings safe and repay the money utilized for maintenance installment wise. The borrower does not need to end up savings for the maintenance.

Following are the works that can be done to safeguard the home through personal loans:

• Painting the external home walls:

The external walls may get spoilt if moisture remains on the building. On the coastline belt, the walls may become even more decayed in case of the moisture which gets retained on the walls. Thus it is better recommended to paint up the house before monsoon along with the weather shield coating paint to protect the external walls from getting damaged.

• Grilling or fabrication work:

The grilling or fabrication work is necessary to protect the house from getting damaged due to rains or to protect the rainwater entering the house. The grilling work also protects the staircase of the building from entering water inside the building.

• Protection from leakages & cracks:

The walls should be maintained and protected from damaging rainwater walls. The gaps can be filled up by putting sealants in the cracks of the walls, and also waterproofing can be required to protect the walls from leakage.

• Maintenance of water & drainage pipes:

The pipes should be checked from the leakage, which could create more problems in the monsoon as the freshwater may get contaminated with muddy water. Also, the drainage pipes should be checked from the leakage as it may create a flood-like situation.

Why apply for personal loans for house maintenance?

• The personal loans are processed quickly by the lenders, and the loan amount is disbursed immediately in the borrower’s account.
• Personal loans can help keep the savings safe in the borrower’s account instead of spending it on maintenance and can be paid in installments to the bank.
• Falling short of funds may restrict the borrower from doing the maintenance work; thus, personal loans may help the customer avail of loans and do the necessary repairs work.

Conclusion:

Thus availing of personal loans for the maintenance of the house before the monsoon is better recommended to avoid the house from getting damaged. The amount required for the maintenance is huge, and thus for that, availing the personal loans is a better option.