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Upgrade Your Home Without Burning a Hole In Your Pocket

By Finserv MARKETS - Apr 27,2019
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Upgrade Your Home Without Burning a Hole In Your Pocket

Just because buying your dream home cost you a fortune, upgrading your home need does not necessarily mean the same! With prudent financial planning and opting for a suitable personal loan, you can easily upgrade your home without burning a hole in your pocket. Sounds too good to be true? It’ possible.

Now, let’s understand how one can save money while shopping for appliances.

1. Time your purchases:

India is blessed with festivals and occasions throughout the year – Holi, Diwali, Republic Day…you name it! Thus, retailers offer festival discounts and sale to increase buying volume.  Hence, it is best to time one’s buying with the sale as one can save a lot, and shop a lot too.

2. Survey before you shop:

Blindly shopping without doing one’s homework of comparing the prices and products on offer is a big no-no. Nowadays, one can easily compare the prices online and zero in on the lowest price, before making a purchase decision. Further, an informed buyer would know the best deals available and would not end up paying excess for a product.

3. Be a bargain buyer:

Bargain buyers are value seekers. They want to derive maximum value from every rupee spent. Thus, it’s okay to haggle. After all, renovation of one’s home involves several purchases and every small saving adds up to a huge monetary gain. Often, sellers would be willing to give a bulk discount, if several appliances are purchased at a single outlet.

4. Look beyond outward appearances:

The main aspect to be looked into while shopping for renovation is the utility and quality of the appliances. If a piece has an old manufacturing date, but is in a working condition and of a reputable make, it would be worthwhile to buy, if the price is reasonable.

5. Give and get:

No, we are not talking charity here! We are talking about exchange offers. One usually comes across marketing ads like ‘Give your old product and get x% off on the new’. Often one can get a decent discount in an exchange offer. Thus, if one has old appliances in a working condition, one could get a tidy sum off on the new product.

6. Avail a personal loan:

One can apply for a personal loan for home renovation purposes. This is a good option if one prefers to buy all the home appliances at one go, rather than saving up gradually to fund each purchase. In the latter option, one might have to compromise on the choice of the appliance in case of a tight budget. A personal loan would enable one to pick and choose appliances without worrying about falling short of finances. Further, it is always better to buy all appliances now than postpone the purchases. This is because the inflationary impact on consumer durables would result in a higher cost with the passage of time. Consider an example. Say one can buy a fridge and a washing machine within Rs 50, 000 in year, then:

  1. There is a high probability that the combined cost would escalate to Rs 75000 in year, hence

  2. It is best to avail a personal loan of a higher limit so as to cover the estimated costs of all the appliances, one intends to buy.

Now that one is armed with all the necessary knowledge to win the best shopping deals, one can avail a personal loan and buy the best appliances for one’s dream home.

Looking to upgrade your home? Choose us and apply for a Bajaj Finserv Personal loan with us today! What’s more? Your loan application can be approved under just 3 minutes and the amount can be credited to your bank account within just 24 hours! So why wait? Apply for a personal loan with us, today!

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522