Buy furniture or decor items without stress using a Rs. 2 Lakh Personal Loan

Decorating your home with new furniture or refreshing your decor can sometimes put a strain on your budget. With a Rs. 2 lakh Personal Loan, you can upgrade your living space without the financial burden. This Loan provides you with easy access to funds, flexible repayment options, and peace of mind, all without requiring collateral.

Why it works for furniture and decor

Upgrading furniture or refreshing your home’s decor often requires a substantial upfront cost, which can strain savings. A 2 lakh Personal Loan helps ease this by giving you immediate access to funds while allowing repayment in manageable EMIs, so you do not have to compromise on quality or delay your plans.

Since the Loan is unsecured, you need not pledge assets. With a transparent fee structure and competitive interest rates, you can plan your expenses with confidence. This means you can focus on selecting furniture and decor that truly enhance your living space, while keeping your finances stress-free and well-organised.

Features & benefits of the Rs. 2 Lakh Loan

The Rs. 2 lakh Loan comes with several benefits that make it a convenient financing option:

• Unsecured financing: You do not need to pledge assets to avail the Loan.
• Competitive interest rates: Interest rates start at 13%* yearly for both salaried and self-employed applicants.
• Flexible repayment: Repay the Loan in EMIs over a tenure of up to 60 months, helping you manage cash flow effectively.
• Simple documentation: The application process is easy and largely paperless, ensuring a smooth experience.
• Transparent charges: Processing fees are affordable on the Loan amount along with GST, with other fees clearly communicated upfront.

Who can apply for the Rs. 2 Lakh Personal Loan

To be eligible for the Loan, applicants need to meet a few conditions:

• Age: Between 22 and 65 years for salaried applicants, and a minimum of 25 years for self-employed applicants.
• Employment: Both salaried and self-employed applicants are eligible. For self-employed professionals, a minimum business vintage of 3 years is required.
• Credit score: A strong credit score of 750 or above, along with a steady income, improves approval chances.
• EMI capacity: Your existing obligations and monthly income are factored into eligibility.

Documents required

Applicants need to provide standard KYC and financial documents:

For salaried individuals

• Proof of identity and address
• Recent salary slips from the last 3 months
• Bank statements from the last 6 months

For self-employed individuals

• Identity and address proof
• Proof of business continuity and income, such as tax returns or turnover documents.
• Bank statements and other supporting financial documents

Conclusion

The Rs. 2 lakh Loan helps you achieve your goals without stress. With competitive interest rates, simple documentation, and flexible repayment options, it is a practical solution for anyone planning to furnish or redecorate their home. By meeting the eligibility criteria and preparing the required documents, you can easily secure the funds you need and enjoy a beautifully upgraded living space.