Furniture and home products marketplace Pepperfry has partnered with BankBazaar to offer a personal loan facility for customers looking to refurbishing homes. Through this partnership, Studio Pepperfry customers can avail the home renovation or upgradation loan from a range of curated offers in a quick and hassle-free manner.
Customers seeking personal loans to renovate their homes can avail this benefit with the assistance of an executive at any Studio Pepperfry across the country. The customer has to provide basic personal details on the website, leading to mobile number verification through OTP. Once validated, they can pick from the bank offers that are specially curated from different banks in real time and then proceed with online application of the loan or request for a BankBazaar executive to assist offline.
“In line with Pepperfry’s aim to spark a feeling called home, we strive to provide our consumers with superior and convenient experiences. Therefore, through the introduction of this easy credit facility, we will help our customers furnish and renovate their homes in a seamless way. Our partnership with BankBazaar, a leading personal finance marketplace, helps provide multiple home upgradation loan options from various leading banks in India,” Mihir Kulkarni, Head of Studio Innovation at Pepperfry said in a statement.
According to Aparna Mahesh, CMO at BankBazaar, the idea is for customers to find the prospect of renovating their home simpler and more rewarding.
In the past, Pepperfry has introduced several services and features like Cash on Delivery, No Cost EMI, etc. Having started as an online-only brand, Pepperfry also moved offline to increase sales. According to a report in Moneycontrol, Pepperfry is betting big on the omnichannel strategy and is targeting a gross merchandise value (GMV) of $1 billion by 2021. It is also looking to launch smaller format stores as well.