Personal Loan

Festive Makeover For Home With A Personal Loan


Redecorating your house is fun. But you need funds to do the same. In such cases, a personal loan is a great option. Personal loans during festive loan offers can provide you with multiple benefits. It can offer you better interest and quick disbursal.

Many people borrow personal loans based on their needs. People use personal loans for home renovation or even celebrations. The reason is the quick approval of the personal loan and a low-interest rate.

Read through this article and learn more offer about festive offer loans.

Reasons To Go for Personal Loan Festive Loan Offers For A Home Makeover

The cost of home renovation increases during festivals. There are various expenses that you are needed to focus on. From managing the cost of home painting to buying house decor, home renovation can burn a hole in your pocket.

In addition to the costs of restoring your home, there are a few other charges. It can be the personal expenditure price or planning a party. 

This is one of the reasons to opt for festive loan offers. These personal loan offers are designed to meet your immediate funding needs. Such loans are unsecured. The interest rate may be a bit high, but disbursal is quick.

Some financial institutions also offer online personal loan facilities. You can check the festive loan offers and apply online. This saves time and helps you to get quick funds. The top reasons to apply for a personal loan for a home makeover are:

  • Quick approval

The festive loan offers are usually based on your credit history and relationship. Owing to a good relationship, you might get this offer. Also, sometimes additional perks are offered to attract a substantial number of new customers. 

  • Convenient and fewer charges

Some lenders might reimburse loan processing fees. As a result, the borrower may receive a personal loan with a reduced interest rate. These conveniences are only available during the holiday season. If you want to save money on your home interior loan, you should take advantage of them while they are available.

  • No collateral needed

A personal loan is unsecured. There is no need to submit collateral or security. You can process the loan with simple documentation. It just needs a day or two for disbursal post-approval.

  • To meet your increased budget

The budget during festivals is usually high. The expenses are more, and you need more funds to meet them. It is why to go for festive loan offers on a personal loan. The fund that you receive can be used for multiple purposes. It can be used for a house makeover, festival planning, and much more.

  • Allows better planning for renovation

Personal loans are more accessible during the holiday season. Due to festive loan offers and attractive interest rates, it is a great time to go for a home makeover. This is true even for persons who are hesitant to obtain loans. You can purchase anything you wish with this personal loan. This helps you to plan your renovation in a better manner.

  • Easy repayment option

Personal loans with festive loan offers can extend up to 5 years. This makes EMI manageable. Also, most lenders do not charge any foreclosure or prepayment fees. This decision can help you go for home renovation without the risk of financial burden. 

Which Is Better: A Personal Loan Or A Home Renovation Loan?

You might get festive loan offers for both personal and home renovation loans. But the question arises as to which one is the best. In the end, the funds from the loan will be used for home makeovers only.

Here are some points that can help you make a decision:

  • A personal loan gets approved quicker than a home renovation loan.
  • Personal loans have simple eligibility criteria. Home renovation loan eligibility criteria are comparatively stringent.
  • You can complete the personal loan process online. You will most likely be required to visit the branch for a home renovation loan.  
  • A personal loan requires no collateral, whereas a home renovation loan is backed by collateral. 

Comparing all the points, getting a personal loan is better. The festive loan offers on a personal loan can offer benefits in the interest rate and processing fees. Additionally, there is no risk of collateral being kept with the bank. So, going for a personal loan is a better choice. 

Benefits Of Personal Loan

Here are some benefits of applying for a personal loan:

  • A personal loan allows you to use the funds for any purpose. 
  • It is much less complicated and time-consuming.
  • Anyone can apply for a Personal Loan online by visiting the lender’s website. 
  • The application process is simple. You can complete the application in minutes.
  • The documentation needed for personal loans is very basic.
  • There is no need for any collateral.
  • The festive loan offers on a personal loan can offer better rates and low processing fees.

Tips To Use Personal Loan For A Home Makeover

Once you have applied for a personal loan, there are plenty of ways to use it. The festive loan offers you an opportunity to redecorate your house using a personal loan.

Here are some tips:

  • Start with the entrance of your house.
  • Give a complete makeover to your kitchen. It’s time to go for a modular one.
  • Add a unique feel to your interiors. Change the wall colour and furniture to go for a new decor style.
  • Adding lights to brighten up the festival can be a great idea.
  • You can go for upgrading your home appliances.
  • Changing the garden’s look is also an option.

Summing Up

Everyone wants their home to be clean, decluttered, and ready at least a few weeks before the festivities begin. With the festive loan offers, it can offer you great benefits for a home makeover. Not only that, you can use the excess fund to pay other debts, if any.

You can visit Piramal Finance and read more about festive loan offers on personal loans.