Is It A Good Idea To Take A Personal Loan To Furnish Your New House

If you are short of money for furnishing the house, you might want to consider the option of taking personal loan.

Moving into a new house is one of those big life events that do not just happen every other day. Hence, it demands your utmost effort in order to turn out to be exactly like you planned. If you are short of money for furnishing the house, you might want to consider the option of applying for a personal loan.


After moving into a new house, you quickly want to buy all the necessary things to design the place your way and settle. Personal loans can be your go-to option if you are looking for money because it serves the purpose quicker than regular loan without having to go through a long documentation process. If you are in urgent need of money or just quickly want to surround yourself with things that make you feel at home, personal loan is an option you might want to consider.


Your personal loan eligibility is basically just your salary and your good credit history. You can get the personal loan even if you are not a US citizen. It also comes to save you when you don’t have property or gold guarantee too (it’s called unsecured loan too) and offers other relaxations too. It requires no verification of fixed assets or collateral security that is why it easily available.

Personal Loan Furnish New House


An unpaid personal loan is not something that stays with you for a long time at your new place. You don’t have to worry that the idea of furnishing will be troublesome because personal loan is short-term, between one to seven years, hence your new home will not be packed with unpaid loans to worry about. The money will be used and you will be able to pay it back very soon. You can pay it off by monthly installments (the EMIs, equated monthly installment) that suit you.


You usually have a checklist for moving into a new home that includes things you need. Since it is not mandatory to explain your purpose when you are applying for the personal loan, you can use the money to buy everything and anything from your checklist, unlike housing loans that can be only used for buying or construction purposes and vehicle loans that can only be used for a single thing, or group of similar things that only revolve around vehicles.


There is no set amount for the personal loan and you can take money from the lender according to your need. It can range from a few thousands to hundred thousands but the amount you are given depends upon your ability to repay it. This again is achieved by keeping a record of your annual income.

And lastly…


 First reason is obviously you being unable to call the new place, you are to live in now, your home. As mentioned earlier the tiredness and the psychological pressure that comes with shifting to a new place really takes a toll on you. Right after you are done moving, the homesickness starts to build up. You can never properly settle in with negative emotions like these. To cope up with it, you should decorate your new place according to your aesthetic and furnish it with material that really makes it look like your home and removes, or at least reduces, the homesickness even if you have to go beyond your budget a little. I mean, mental health over anything, any day, right? Keeping this in mind, invest in a new TV and set up a proper TV lounge for relaxing at first. Then slowly add up furniture in your bedroom and surround yourself with new, comforting and nicer-smelling furniture. Plenty of web-stores now have a wide variety of selection available online.

Whether you are moving for improving your living standard or maybe because of financial reasons, it is going to be a hectic job and will exert a lot of psychological pressure on you. Adjusting in the new home requires more of your effort and time. It is not something you can just let go of or delay. Furnishing your house as soon as possible and arranging it according to your comfort are two of the top things that are in your mental checklist for moving into a new home, and taking a loan for decorating it if needed could prove to be a good idea as long as you pay back responsibly and on time.

Money Journey

Money Journey

One comment

  1. I just need 5000$ to start from buying what I lost 7 years ago when i lost my job and now that am back to work, i have to start all over again.

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