Bank of India Offers Loan to Buy Furniture

May 22, 2007	(1 votes, average: 5 out of 5)  Loading ...
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Shopping for exclusive furniture to furnish your apartment seems like a pretty fun but a prohibitive undertaking. However, the task seems to have become the most cost effective and easier with the first ever furniture loan mela in Kolkata.

In a tie-up with Bank of India, the customers can avail loan from Rs 10,000 to Rs 10 lakh for one year to three years.

Featuring the latest entrant into the furniture market, the fair had everything from extended dining table, folding sofa-cum-bed and single bed with attached centre table and the other imported furniture from Malaysia, France, Belgium, China, and Italy. The elitism of the fair was due to its feature of lending loans to buy furniture, a concept introduced for the first time in the city, says Vishnu Aggarwal, owner of a furniture showroom.

People generally shop and avail loans for automobiles, homes, and education as per their priorities. Now, they will be taking the loans to buy furniture of the latest and modern designs. High cost of the furniture is seen to be a major factor hindering middle class shoppers to opt for their selected furniture.

The fair indeed offers a bedroom package with a wardrobe costing Rs 1 Lakh.

The furniture house featuring an electric baby cot operated with a remote control along with necessary office equipments costing Rs 25,000.

The fair got a decent response on the very first day with two customers having booked the office items and a dining table through loan option.

Such options render good chances to the customers to know about the imported furniture. The old misconception that the costly furniture is only meant for high class seems to loose its significance in the wake of such loan options, adds Aggarwal.

This kind of mela will surely form a channel and bring an array of benefits for shopping enthusiasts in the long run, says Lakhan Hembrom, marketing officer of Bank of India.

Visitors have all praises for such loan mela which helps them to think about adoring their homes with expensive furniture.

News Published Under:   Kolkata |

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