Thursday, 14 December 2017

Buy Modular kitchen on EMI and Beat The Demonetisation Blues

Written by Posted On Thursday, 22 December 2016 11:24

Our government’s sudden decision to implement demonetisation has taken people across all sectors by surprise.

With people queuing up outside banks and a limit existing on withdrawals, it surely is a hitch for those of you who are planning to spruce up your homes. Consider the kitchen. People are increasingly choosing modular kitchens ideas for their aesthetics and functionality.

Go ahead with your kitchen improvements in spite of the cash crunch; simply upgrade kitchen with no cost EMI scheme and enjoy your time in the kitchen. The best part is that vendors are more than willing to offer you credit; grab the best offer on Modular Kitchen sans the need for any cash payment.

Features and Benefits

In times of cash crunch, EMI emerges as the saviour. Instead of making a down cash payment, you pay the amount in instalments over a period of time under an EMI scheme.

On The Spot Approval: Set your heart on a model that fits into your tastes and budget? You don’t have to count the notes in your wallet. Buy Modular Kitchen on EMI and wake up to a new kitchen the following morning. In a matter of minutes, you can purchase a Modular Kitchen with EMI scheme.

Minimum Documentation: Approval for a loan for purchasing any consumer durable does not require elaborate documentation. Just the basic identity documents like your PAN card/Driving licence will suffice. Fill up the loan application form at the store and the kitchen will accompany you home.

Prepayment Facility: The current cash crunch has made you choose the EMI scheme. You need not hold on till the entire loan tenure. Prepayment facility option is available and you can make part prepayments, after checking the clauses if any, with the lender.

Eligibility

A salaried person between 21 years and 60 years is eligible to avail lifestyle finance. This can be utilised towards purchase of consumer durables like modular kitchen , smartTV, high end mobile phone, and such others.

You can apply for the loan through the representatives available at the merchandising outlets or you can apply online. Subsequent to the loan approval, you will be issued an Existing Member Identification (EMI) card.

EMI Network - The Way to Pay

We have evolved from barter to cash, and then to credit.

Plastic money has changed the world and moving forward EMI schemes have brought about a big change in consumer behaviour and buying style. Non availability of cash is no reason today to postpone a purchase. Interest free EMI schemes are on offer, enabling consumers to improve their lifestyle to upgrade their homes with the latest gadgets..

In fact, the popularity of EMI card has risen tremendously. You can swipe the card at any of the partner retail outlets and go home with your chosen appliance.

EMI Card Scores Over Credit Card

Making high value purchases such as for modular kitchen or latest electronic gadget using a credit card entails a high interest rate. Penalty is also leviable in case you default on the minimum payment due. On the other hand, most EMI Csrd that are available to consumers now are interest free.

The EMI that is payable by you is decided right at the time of financing the purchase; so you'll be better placed to channelise your earnings towards the repayments.

If you feel that your kitchen needs a revamp, head out to any consumer durables outlet, choose the latest modular kitchen and enjoy every moment spent in the kitchen.

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Arwind Sharma

Arwind Sharma is a financial advisor with an experience of more than 15 years. He has worked for topmost financial firms in India and has been a visiting faculty at many reputed institutes in India. Currently based in Pune, Arwind Sharma is a name to reckon with when it comes to financial management for big brands. A post-graduate in business economics, he is an alumni of Princeton University, USA. During his free time, Arwind teaches children from marginalised sections of society and also work on his blog on photography.

https://www.bajajfinserv.in/finance/

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