Can You Use a Personal Loan To Turn Your Ordinary House Into A Smart House?

How to Avail a Low Interest Personal Loan

If you are the techno freak guy that just can’t resist the technology, then it’s time to bring home the technology. Simply turn your ordinary house into a smart house. Imagine your house running on your voice commands and all the gadgets controlled through your smartphone. Sounds incredible, right? Well, it’s time to convert your wishes into reality and live in the future. Here are a few remarkable ideas that you can integrate into your smart house:

  • Light Automation: Let lights adjust to your mood and timing. Light automation is one of the most affordable and easy-to-implement ideas. Whether to dim, on, off, glow bright, change colours, etc., everything can be automated as well as adjusted from your smartphones. Great, isn’t it?
  • Climate Automation: Regulate your home temperature according to the weather outside. With a smart thermostat, heating and cooling systems, as well as fans, can be automated to set your room temperatures automatically. Time to feel cosy and relaxed!
  • Home Security: Secure your house and valuables from burglars and thieves. With smart alarms, geofencing solutions and a thermostat into play, your belongings are secure like never before. Smart locks make it convenient and replace your conventional door locks, so you make sure everything is locked up before leaving.

These were a few of the many smart home automation ideas you can implement in your house. If you are concerned from a financial perspective about how you can convert your ordinary house to a smart house, then your solution lies in personal loan. Let’s see how personal loans can turn your dream into reality.

What are Personal Loans?

Personal loans are unsecured loans extended by banks and financial institutions to the borrowers. Personal loans are some of the most affordable products, and their terms and flexibilities make them a preferred choice among borrowers. The following features of personal loans can help you get your smart house:

  • Affordable: Personal loan interest rates start at just 10.99% per annum, making it affordable than other unsecured lending arrangements like credit cards. Interest on credit cards can do up to as much as 24%-36%.
  • Unrestricted End-use: Personal loans can be availed of for any purpose like marriage, education, meeting medical emergencies, travel, building a home, business, etc. So, what’s stopping you from using it for converting your ordinary house into a smart house?
  • Easy Eligibility: Personal loan eligibility criteria are easy to fulfil. Following are the basic requirements:
  • Income: The applicant’s income should be at least Rs 15000 per month.
  • Age: The applicant’s age should be between 22 and 58 years.
  • Experience: The applicant’s work experience should be at least one year.
  • Instant Disbursal: Personal loans are easy to process tools. Therefore, they are processed, approved and disbursed instantly. You can also apply for a personal loan online and furnish the required documents digitally. This makes the application process convenient and simple for the borrowers as they can apply sitting at home.

Bottom Line

If you have been longing for a fully automated home-like Mark Zuckerberg, then it’s time you begin now. With small changes and renovations over time, you can live your dream of staying in a smart house. Finances won’t be a hurdle with personal loans at your disposal. You can use a personal loan EMI calculator to preplan your budget by knowing the exact EMI you will need to pay. Make a list of the changes you want to begin with, decide on the technology and gadgets, and execute now.

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