Loan For Home Furnishing

Posted by on Oct 28, 2012 in Uncategorized | 1 comment

Opting for a loan for furnishing your home? Nowadays there are housing loans that come with separate furnishing loan schemes as well. When one invests in a home, the loan that is required is a housing loan. It is also a way to reduce the income tax liability on oneself. When one can show the burden of a housing loan that has to be repaid over an extended period of time, the income tax liability is proportionately reduced in many countries. After a home is delivered or completed, the owners need to invest in the furnishing of the same. How do you bear the expenses of furnishing? You can avail of a furnishing loan. However, such loans can be used only for furnishing and nothing else. Often, there might be additional expenses that need to be undertaken that might not come under the furnishing expenses explicitly.

In such cases, it is better to opt for a personal loan. Such a loan can be used for different personal expenditure that does not have to be specified at the time of borrowing. As per one’s income capacity, one can avail of such a loan and decide on the repayment period that one is comfortable to pay for.

One Response to “Loan For Home Furnishing”

  1. This is very interesting. Many people probably do not know that you can get a furnishing loan, so this is a great article.

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