The festivities of Chinese New Year, or often abbreviated as “CNY”, often sees many households embrace the tradition of refreshing their homes to welcome prosperity, good luck, and happiness. A festive spring makeover not only enhances the holiday atmosphere, but it also helps to create a more comfortable living space for the new year as well.
However, the grim reality is that such renovations can still cost a pretty penny, which may scare some homeowners from chasing their CNY home makeover dreams. Not to worry, though, as this is where a home renovation loan becomes invaluable, offering you an alternative solution to funding your CNY makeover, without straining your finances to the limits.
We at Quick Loan would like to go through on how a home renovation loan can help you prepare for your own festive season home upgrade!
The Significance of a Home Makeover for Chinese New Year
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In Chinese culture, it’s a cherished tradition to thoroughly declutter and clean one’s home in the weeks before CNY itself, as it is believed such actions will drive away existing negative energy and bad luck from the previous year, and in turn, create room for good fortune and positive energy for the coming year.
Many homeowners will choose to clean their places from top to bottom, paying special attention to nooks and crannies that may hide dust or debris, as well as broken items and furniture, which will be replaced or repaired accordingly.
In this way, a home makeover sets the stage to welcome what lies in the year ahead, and provide a welcoming environment for your loved ones.
Popular CNY Renovation Ideas to Elevate Your Home
For those who are thinking on how to elevate their own homes for the upcoming festivities, consider these CNY renovation ideas to bring about some festive cheer in the season:
- Living Room Revamp: A popular idea that many homeowners would opt for is to update their furnishings and incorporate auspicious colours like red and gold, as it is believed to bring good fortune, prosperity, and wealth.
Depending on your budget, you may decide to extensively revamp your living room with relevant items, such as a new sofa, appliances, curtains, or rugs, or keep it simple with new cushion covers or decorative items, which can still make a significant impact.
- Kitchen Upgrade: While some homeowners may choose to approach the kitchen in the same way as the living room with further aesthetics, others may choose to enhance their functionality within the kitchen, such as purchasing new or replacement appliances, or reorganising your space for better flow during cooking, washing dishes, or storage.
Nonetheless, it is still seen as a form of decluttering, as you are creating new processes for the new year ahead!
- Entrance Enhancements: A simple yet effective way that homeowners choose to decorate their place for CNY would be to spice up their entryway with traditional symbols such as lanterns or couplets.
This serves to not only invite good luck and honour cultural traditions, but it can also help to make your home more inviting to your guests during visits.
- Decluttering and Cleaning: Spring cleaning has always been a part of CNY, and you will find it mandatory for many homeowners to conduct a thorough cleaning and decluttering to rejuvenate their space, making it feel new and ready for the new year and the upcoming festivities.
Should you feel a bit overwhelmed by cleaning your own home by yourself, there are an abundance of cleaning services that you can hire for your own needs.
Benefits of a Home Renovation Loan for Your Festive Makeover
Of course, with such big ideas for your CNY renovation, there’s always the cost that we have to factor in before starting anything. Should you find yourself strapped on funds, why not consider financing your festive season home upgrade through a home renovation loan with a licensed moneylender such as Quick Loan?
Here are some benefits that you can reap by using a home renovation loan for your upcoming festive makeover:
- Immediate Access to Funds: Getting access to your desired renovation loan will be quick, simple, and personalised. Unlike banks, which usually implement a stringent and exhaustive process in checking each application, licensed moneylenders have a more streamlined and fuss-free process in allowing each borrower to get their cash as fast as possible.
This is instrumental as time is of the essence when it comes to CNY renovations, as many decor companies may be tied up with similar orders in the weeks leading up to the festive period, and will not have time to cater to last-minute requests.
- Lower Interest Rates: Renovation loans are designed specifically to meet your festive makeover needs, and will usually offer favourable rates to borrowers. This makes home renovation loans a more cost-effective financing option when compared to other personal loans out there in the market.
- Flexible Repayment Terms: Everyone has their own different financial situations, which is why a home renovation loan aims to cater to these unique requirements. For Quick Loan, we are happy to offer flexible repayment terms that aligns to a borrower’s financial situation, allowing for a more manageable monthly repayment schedule and a peace of mind during the CNY festivities.
- Preservation of Savings: Many homeowners often choose to forego expenses for their dream CNY makeover, as they wisely are not comfortable with the idea of depleting their savings for a festive season home upgrade. However, with a home renovation loan, you can now safely fund your desired CNY renovations while maintaining financial stability.
Budgeting Tips for an Affordable CNY Renovation
Together with a home renovation loan, you can similarly ensure a more affordable CNY renovation when you consider a budgeting strategy for your festive makeover. Here are just some useful tips that you can incorporate to prepare your home for CNY:
- Set Clear Priorities: Before going on a shopping spree, have a think on which upgrades to your home would be more essential to its appearance and functionality. For example, would an OLED television be worth the price you pay for, or could you instead spend the funds on replacing your worn sofa and other older furnishings?
- Obtain Multiple Quotes: As always, a good rule of thumb is to always look for multiple quotations on the upgrades you are planning to purchase, whether it may be a full-on renovation, separate furniture, or even a renovation loan itself! Be sure to consult with various parties to compare prices and services, ensuring that you receive the best value for your hard-earned money.
- Plan for Contingencies: Life can be unpredictable, thus, it’s always good to have a contingency budget plan for your CNY renovation should things not go as planned in the coming weeks. It’s good practice to allocate a portion of your budget to safeguard against unexpected expenses, and avoid unnecessary financial strain.
- Opt for Cost-Effective Enhancements: Similar to the first point, simple yet effective changes can help enhance your home for this CNY with very little expense. A fresh coat of paint, or repairing your existing items can do wonders for the new year with minimal effort and cost.
Let Quick Loan Help You Start the New Year with a Revitalised Home!
If done right, a well-planned CNY makeover can not only honour the cultural traditions of the festivity, but also serve as a way to enhance your living environment for the new year. Here at Quick Loan, our home renovation loan will be the perfect complement to your preparations, as these financially tailored solutions are specifically designed to support you in elevating your place’s aesthetic and functional appeal without any stress on your savings.
As Singapore’s most trusted moneylender, licensed by the Registry of Moneylenders, we are more than ready to support your financial needs with 30-minute loan approvals that are up to 6 times your monthly salary. No guarantor is required, and cash will be dispensed on the spot after processing is done.
Here are a few reasons why you should consider Quick Loan for a home renovation loan:
- Flexible and Personalised
As a reputable licensed money lender in Singapore, licensed by the Registry of Moneylenders and compliant with the Moneylenders Act, we offer flexible repayment plans to fit your unique needs and circumstances. You’ll also get a dedicated loan officer who’ll support you throughout your loan process with us.
- Affordable Repayment
Since our repayment plans are tailored based on your salary and needs, you can expect more affordable repayment on your home renovation loan. At the same time, we keep our interest rates low, making it easier for you to repay the loan without incurring excessive costs. This combination of personalised repayment plans and competitive interest rates makes our home renovation loans a financially sound choice in Singapore.
- Effortless Application Process
Unlike banks, we offer instant home renovation loan approval in just 20 minutes after applying. We understand the urgency of your needs and aim to provide quick and efficient service, ensuring you get the funds you need without unnecessary delays. Our streamlined process is designed to make borrowing as straightforward and hassle-free as possible.
Before applying, please make sure you have these documents on the ready:
1. Singaporeans/PR
- National registration identification card
- Singpass
- If renting, provide both:
- Your tenancy agreement
- Proof of address, such as your phone bill or utility bill
- Payslips for the last three months, if available
- Bank Token
2. Foreigners
- Singpass / Employment Pass / Work Permit with a minimum 6-month validity
- Passport
- Residence information in the form of both:
- Phone bill or utility bill
- Tenancy agreement
- Payslips for the last three months, if available
- Bank Token
- Employment contract
- Staff card
Once you’ve prepared all the necessary documents, you can apply for a home renovation loan online or by going to the office. Or, if you have questions or concerns, feel free to contact us via WhatsApp, our customer service staff will be happy to answer any questions you have.
By embracing and leveraging on Quick Loan’s home renovation loan, you can easily prepare your home with the CNY makeover that you desire, and welcome the new year with flair and optimism. So, don’t wait, apply for your home renovation loan with one of the most trusted and reliable licensed moneylenders in Singapore today!
