Diwali is the time to light up your house and give it a new look. There's a lot of work to do, from repairing your home and repainting it to illuminating it with candles and electric lights. That means there are several expenses involved as well.
After getting your home Diwali-ready, you may also like to call your guests, give them gifts, organise a party, buy firecrackers, and so on. These also imply expenses.
Is it a good idea to manage all these expenses with your savings when you can take an instant personal loan and pay it off in small instalments? The second option sounds more convenient. Here are some simple financing tips to prepare your home to celebrate lights.
Consider What You Wish to Spend On
Look at your house and see what changes are needed. A few good ideas to revamp your house for Diwali are:
- Repairing your house
- Adding a fresh coat of paint to your home
- Changing the décor, such as buying new furniture, curtains, bedsheets, carpets and more
- Bringing in Diwali essentials like lamps, candles, fairy lights, rangoli ingredients, flowers and more
Make a list of them to know how much you'd like to spend and choose a suitable house renovation loan amount accordingly.
Fix a Budget
Once you list what you wish to spend on, consider how much you'd like to spend on each thing. Then add the costs to get the total expected expense. If you wish to add or subtract a few things, do that. What you get finally is the budget to make your house Diwali-ready. Based on it, you can borrow an instant personal loan of the right amount.
Apply for a House Renovation Loan
Now that you know how much money you need for Diwali preparations go ahead and apply for a house renovation loan of a suitable amount. Download a top fintech loan app on your Android or iOS device. You can borrow up to ₹4,00,000 and choose a tenure of up to 18 months.
After downloading the app, you need to upload your basic details and documents on the app itself. Once the documents are successfully verified, you can select the desired loan amount within the given limit. If you qualify for the loan, the funds will be credited to your linked bank account in less than 8 minutes!