With the festive season fast approaching, now is the best time to make big-ticket purchases. This is mainly due to the fact that many shopping outlets and brands are extending seasonal offers that allow you to enjoy greater value for money. For instance, renovating your home is a viable proposition thanks to the numerous deals available, and hassle-free access to funding from a financial institution. For instance, you can borrow a personal loan with ease and use it as a home improvement loan; all while enjoying value-added features along with the sizeable collateral-free sanction. As the availability of these additional features depends on the lender you choose, it pays to conduct your own research before making borrowing decisions.

But first, take a look at how a personal loan can help breathe new life into your home this festive season.

Fit every room in your home with smart appliances

With technology being integrated into everyday items such as wristwatches, it comes as no surprise that you can also have home accessories and devices that are driven by technology. Smart devices for your home include thermostats, security systems, lighting controls, appliances, and more. Renovating your home to include these features offers an unmatched level of convenience and sophistication. However, these futuristic upgrades come at a hefty cost that grows continually with every upgrade you make.

Upgrade to a modular kitchen

The kitchen is an area of your home that you can always improve on. Depending on the size, you can alter the countertops, install new cabinets, get top-of-the-line appliances, and install a smart waste disposal system. Upgrading to a modular kitchen generally results in better space utilisation, making room for more accessories or fixtures. However, do note that the more space-efficient you get, the costlier this endeavour becomes. Some of the cabinets and fittings that offer incredible storage space and functionality also cost a significant sum.

Redo the flooring of your home

The flooring of your home is one of the first things people take notice of. It also plays an important role in defining the aesthetic of your home. Depending on the style of your furniture or the overall feel that you wish to recreate, you can choose flooring to complete the room. If you are going for a rustic look, going with hardwood flooring is your best bet. Alternatively, you can pair ultra-modern, sophisticated décor with elegant marble flooring. That said, irrespective of the type of flooring you choose, bear in mind that is a costly and time-consuming undertaking.

Work on the exteriors and interiors of your home

Making big changes inside and outside your home will help you create major impact and ensure that your home reflects your personal style. With fixtures such chandeliers, full-length mirrors, and entry-way lighting, you can give your home’s rooms a brand-new look and feel. Similarly, a fresh coat of paint, new fencing and landscaping around the exteriors of your property can do wonders to spruce up your home just in time for the festive season.

However, with personal loan, you must fulfil minimal documentation for getting a loan approval. The required documents include:

• KYC documents
• Identity proof (copy of passport / Aadhar Card / voter ID card / driving license)
• Address proof (copy of passport / Aadhar Card / voter ID card / driving license)
• Latest 6 months Bank statement.
• Latest salary slip/current dated salary certificate with the latest Form 16

Now that you know of a few ways to use the sanction, take the time to find an offering that best suits your needs. To shortlist a few financially viable loans, count on a personal loan EMI calculator. Use it to identify loans that offer you the best deal at the best price. Thereafter, once you have found an offer with low personal loan interest rates, use the calculator to determine the ideal tenor for your loan on the basis of EMIs that you can afford.

In your research, you’ll find that the Bajaj Finserv Personal Loan for Home Improvement is among the best in the market as it offers a hefty sanction up to Rs.25 lakh at a competitive interest rate. Further, you can also opt for a flexible tenor of up to 60 months as per your repayment capabilities. To borrow via this option in an easy and quick manner, check your pre-approved offer online and get instant approval.