We often say that buying a home is easy – building out your interiors is the tough part. The biggest question is often, how am I going to pay for it? After stretching to make the down payment, getting squeezed with EMIs and pre-EMIs, and coughing up a huge amount for the registration – how do we do up the home of our dreams?
Payment & Financing Options:
- Decopad’s typical interior purchase terms are 50% on placing the order and the balance after delivery but before installation. This protects the interests of both you, the customer, and Decopad. This payment mode may also enable you to get a “cash discount” so ask your your designer about this option.
- We are fortunate to tie up with Bajaj Finserv to offer their zero-EMI loan scheme. This loan give customers 12 EMIs, of which 4 have to be paid upfront (down payment). There is a loan processing fee of ₹999.
- The other option is to enhance your existing home loan or take another loan of your choice. The biggest advantage with this is the longer tenure and the available tax deductions on home loan principal and interest repayments.
Planning Your Interiors
One way of managing the financial commitment for setting up is planning the interiors.There are four components of your interiors that you must have before moving in:
- Wardrobes – Especially the Master Bedroom
- Electricals – Lights & Fans
- Bathroom Fittings (towel rod, soap dish, ect.) and Bathroom electricals (geyser, etc)
The second phase of interiors are things that can be bought even after you move in or by using the furniture that you already own.
- Additional wardrobes and storage
- Kitchen storage and accessories
- Furniture – Sofa, beds, dining tables, desks and so on
- Soft furnishing – Curtains
- Upgrades – Wooden floors, false ceilings, wallpaper
- Accessories – Shoe shelves, desks, TV units, crockery units
- Bathroom – Shower cubicles
Once you are a Decopad customer, we will work with through this process of getting your home done based on your requirement and at a pace that is good for you. This will also help space out the financial impact of getting everything done at the same time.
After you move in to your home and start living there, you will have a better understanding of your real needs. So phasing out your purchases is also a good way of buying only what you really need.
Talk to us and find out how we can help you with financing and planning your interiors.