National , 24th September 2019 :With Diwali just around the corner, you can enhance the look and feel of your home with a home renovation project. Whether you choose to upgrade your furniture, redo the upholstery, add a fresh coat of paint or avail a big-ticket purchase for your home, there is a lot you can do to redecorate your home.
But balancing aesthetics with utility and negotiating with contractors can be a complicated affair. It is imperative to take note of the cost and time involved in the process to stay prepared for time and monetary commitment. You shouldn’t let funds compel you to compromise on any aspect of home improvement.
For this purpose, Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv, offers personal loan for home improvement. This offering gives you access to substantial funding speedily, via a hassle-free application process.
Here’s how you can revamp your home and manage the expenses with a home renovation loan:
- Strike a balance between your ideal plans and what you can afford
Whether you want to convert your existing kitchen into a modular set-upor want to redo your entire home based on a certain theme, there’s no dearth of ideas. But rather than getting swept away, focus on the details. For instance, you may want a gourmet kitchen, but what does that mean to you? Do you want to have a long kitchen island or an antique table with a marble countertop?Do you want to put in a side-by-side refrigerator or will a double door fridge will do?
When you ask yourself such questions, you will consider specifics, which will help you evaluate your needs and affordability. Then, you canchalkout a renovation plan that is in line with your budget.
- Create a timeline for the completion
Exceeding the timeline is more or less a given in case of home renovation. This may be due to various reasons such as bad weather conditions, unavailability of the required material, and complicated electric wiring. Therefore, when creating a timeline for your renovation, expect delays and account for them to avoid disappointment.
That said, if you have a date in mind, say you want your house to be ready before the festive season, then plan accordingly and start well in advance. Further, if you are not vacating your home, the timeline can stretch even further as you have to plan when you want to renovate each part or room of the house. Finally, give good thought to theweather and take up renovation work only during the dry spells of the year.
- Hire the right contractor and draw up a clear agreement
From hiring labour to procuring quality material and supervising the work, a contractor’s list of responsibilities is extensive. Most importantly, a contractor also gives you an estimate cost of your project. Therefore, hiring a good contractor will go a long way in the success of your home renovation. To find the right one, consider asking your friends for recommendations.
Meet the contractor and request for a look at their earlier projects, speak to their former clients and then decide if the contractor is the right fit for your needs. Once you shortlist one, ask for his or her license and other documents to ensure you hire a genuine candidate. In addition to this, when drafting an agreement, be as clear as possible and define the terms and conditions of the project meticulously after careful evaluation to safeguard yourself against potential problems.
- Procure colour samples and materials and test them
There is seldom coherence between what your house looks in your mind versus reality unless you take the necessary measures. Different times of the day have a different effect on how the colour of the wall and material of a curtain look like. If you have settled on a particular wall colour, curtain, carpet and even flooring, order samples of the same and test how they look throughout the day. Take time to decide if you are satisfied with the look. If yes, proceed. If not, try out other ideas and freeze on a plan only when you are totally sure about it.
- Select the right funding option well in advance
Finally, compare various funding options available to you. One way to finance your home renovation is by availing a home loan. However, the stringent eligibility terms, lengthy documentation, and tedious application processmay make it difficult for you to obtain funds on time. Therefore, your best move may be to avail a home renovation loan from a reputed lender like Bajaj Finserv.
This customised personal loan is easy to take asyou only have to meet simple eligibility terms and produce minimal documentation, which make for instant approval within 5 minutes. Once approved, you can expect a disbursal of up to Rs.25 lakh withinjust 24 hours. With access to such quick and ample funds, you can renovate your home without compromising on the quality or aesthetics. Further, you can comfortably repay the loan over a flexible tenor ranging up to 60 months and choose to make part-prepayment or foreclose your loan, whenever your budget permits, at a minimal cost.
Be sure tocheck your pre-approved offer from Bajaj Finserv to avail a deal tailored to match your needs. The offer gives you access to funds instantly, so that you have adequate finances to carry out your home renovation right away.
To know more, please visit: https://www.bajajfinserv.in
Students from Samsidh Mount Litera Zee School, Bengaluru wins the Zonal Round – South to compete with 3 champions for the National Title of HDFC ERGO Insurance Awareness Award Junior – Quiz 2019
– 4th season of the national level quiz conducted on an expanded scale across 1,000 schools across 50 cities
Chennai, September 23, 2019: HDFC ERGO General Insurance Company, India’s leading non-life insurer, declared Samsidh Mount Litera Zee School, Bengaluru as the winners of the Zonal Round – South of the Insurance Awareness Award Junior – Quiz, 2019, conducted in Chennai today. The team, represented by the young achievers – Aditya Gupta and Rohan Ram Reddy – competed with the qualifiers of the city rounds from Chennai, Calicut, Hubli, Hyderabad, Karimnagar, Vishakhapatnam, Kochi Mangalore, Coimbatore, Trivandrum and Salem to proceed into the Grand Finale.
HDFC ERGO Insurance Awareness Award Junior Quiz is national level competition for school students of 8th and 9th standards. The objective of this initiative is to build awareness about insurance amongst young minds and the population, at large. In this fourth edition of the Insurance Awareness Award, HDFC ERGO has conducted workshop in 1,000 schools in 50 cities covering 2,40,000 students. The Quiz is also a test of wits of these students and brings forth a healthy competition in a fun and engaging manner.
HDFC ERGO representatives conducted educational townhalls and insurance workshops across 12 cities in the South Zone for over 60,000 students of class 8th and 9th from 240 schools. In addition, HDFC ERGO seeks to involve parents in helping the participants understand the concept of insurance and in the process, learn more. One winning team from each of the 11 cities, travelled to Chennai to compete with the other schools teams to proclaim the title of National Champions of the HDFC ERGO Insurance Awareness Award Junior – Quiz 2019.
Speaking about the Zonal Round – South, Mr. Mehmood Mansoori, President – Shared Services & Online Business – said, “We congratulate the team from Samsidh Mount Litera Zee School, Bengaluru, for being the winners of the Zonal Round – South and extend our best wishes for the Grand Finale of the HDFC ERGO Insurance Awareness Award Junior Quiz! We are very excited with the response that we got from the schools, students and parents and feel that our larger objective to spread insurance awareness in a sustained manner is being achieved. We thank the schools and parents for joining this campaign and helping students learn about insurance at this early age”
The team from Samsidh Mount Litera Zee School, Bengaluru had earlier contested with 20 schools from the city to qualify for the Zonal Round – South. The team is now set to challenge the Zonal Round winners from North, East and West for the National Championship Title, to be held in Mumbai on September 30, 2019.