How to Renovate Your Home for Diwali When You’re Short on Funds

If you’re planning a home renovation this year, before Diwali but find yourself running short of funds, MoneyTap can help. Using your smartphone, you can apply for a personal line of credit through the app, and use it as a home improvement loan to spruce up your house for the festive season.

Here’s an overview of how MoneyTap works:

• Unlike a conventional personal loan, MoneyTap allows you to use exactly as much as you need, which can be as little as ₹ 3,000 all the way to ₹ 5 lakh!

• You will only be charged interest on the amount of money you use, not the entire approved limit, while a personal loan incurs interest on the full amount.

• You get a credit card with additional benefits and rewards. You can swipe the card for purchases or transfer funds to your account for cash withdrawals.

• You can convert transfers or swipes to flexible EMIs with a tap on your smartphone, and choose repayment terms that perfectly fit your needs.

• MoneyTap offers lifetime credit. Every repayment you make will recharge your available credit, so you can use it again as many times as you need.

Here are some ideas on how to use your home improvement loan from MoneyTap:

1. Touch Up the Walls - A fresh coat of wall paint can instantly change the way a room looks and feels, so start there. To create a festive effect throughout your home, pair neutral

hues with dramatic accent walls in bright colours, and enhance these with paintings, framed photographs or even mirrors.

2. Update the Entrance - Your home’s entryway is the first area that guests will see when they approach the house, so give it a makeover with new doors, fresh paint and warm lights. For a festive and inviting feel, decorate the space with plants in traditional earthen pots or copper/brass planters.

3. Install Fresh Lighting - Diwali is the ‘Festival of Lights’, so you should definitely upgrade your home’s lighting before the celebrations begin. Use warm lighting throughout the house, and install glamorous chandeliers or copper fixtures to enhance the visual appeal of the entrance, living room, etc.

4. Create Cozy Spaces - Living rooms and other areas used for entertainment need to reflect both comfort and elegance. Plush carpeting and upholstered sofas in rich jewel tones help you create a warm and inviting space, which you can finish off with the latest entertainment or home theatre system.

5. Re-Do the Dining Space - While the dining area is usually considered a family space, you will have guests over for meals during Diwali season. Reupholster dining chairs or buy new furniture, update the lighting, and pick up some festive table runners, place settings, vases and wall decor.

With MoneyTap’s personal line of credit on your phone, you never need to worry about where to get funds in a hurry. After you have downloaded their instant personal loan app and filled in your details, you could be pre-approved for a credit limit of up to ₹ 5 lakh within a matter of minutes.

Since there’s no interest except on what you actually use, MoneyTap is the perfect financial backup for emergencies and unplanned expenses. Whether you need money now or later, it’s always at your fingertips!