Doing Up The Dwelling

Personal loans come in handy when we quickly require money for some purpose and do not have adequate cash in hand. When Poulomi Bhattacharjee, got married in 2011, she took a personal loan of Rs2 lakh to do up the interiors of the newly-bought flat. Bhattacharjee did not want to pull out money from her savings or any investment. Personal loan was the only option left and she felt that the process was quick and easy. The loan process took about four to five days. She had to submit income proof like salary slips, Form 16, bank statements and  address proof. The money was used mostly to buy new stuff such as furniture, appliances and fittings. It was also used to make payments at merchant outlets through debit card for hardware fittings. Some of the amount like labour costs had to be used in cash.  Bhattacharjee chose Axis Bank for loan, primarily because she had her salary...