Design Your Dream Modular Kitchen With a Personal Loan

The kitchen is undoubtedly the heart and soul of any home. Investing in a practical, well-equipped kitchen with an excellent design can greatly enhance both functionality and your living standards. The most organised, efficient, and aesthetic way to do this is through a custom modular kitchen design.

Designing your dream modular kitchen can be exciting yet overwhelming. You can make the process easier by adequate planning, budgeting, and being well-informed on the costs involved. This article covers the approximate costs of crafting your dream modular kitchen and some tips for the process. We’ll also see how modular kitchen financing options like a personal loan can help you out.

How Much Does a Modular Kitchen Cost?

To craft the perfect modular kitchen, you must be informed about the costs of designing and installing one. The cost of a modular kitchen depends on several factors like the choice of material, size of your kitchen, number of appliances, and labour cost. The tables below tell you the estimated cost of building your dream modular kitchen in India:

1. Modular Kitchen Prices Based on Layout

   Layout	Modular kitchen cost per sq ft	Overall modular kitchen price
   Straight shape kitchen layout	INR 600 - INR 2,250	INR 60,000 - INR 90,000
   U-shaped kitchen layout	INR 225	INR 50,000 - INR 1.5 lakhs
   Parallel shape layout	INR 1,200 - INR 1,750	INR 1 lakh - INR 1.5 lakhs
   L-shaped layout	INR 3,000 - INR 4,200	INR 1.1 lakhs - INR 3 lakhs

2. Modular Kitchen Prices Based on Material

   Material	Modular kitchen cost per sq ft.
   Wood	INR 300 - INR 1,800
   PVC	INR 200 - INR 2,200
   Stainless Steel	INR 200 - INR 5,000

Please note that these are estimated costs and are subject to market change.

What Are Some Tips for Designing and Installing a Modular Kitchen?

Below are some tips that can help you in your modular kitchen design and crafting:

• The Golden Triangle
  One modular kitchen design tip is honouring the golden triangle. It has three elements: the cooktop, sink, and refrigerator. This is where most of the cooking happens. Ideally, the sum of the distance between these three elements must not exceed 26 feet. It is a good idea to ensure a distance of 4 to 9 feet between each point while designing your ideal modular kitchen.
• Lighting
  A kitchen with good lighting helps in convenient cooking. Make sure to have lights directed towards key work areas such as the cooking and cleaning areas. Additionally, always add lighting under your cabinets as they obstruct ceiling lights.
• Budgeting
  It is a good practice to have a budget laid down before the modular kitchen creation process. The estimated price may be as low as INR 50,000. But decide if you wish to go for additional features or premium materials that may cost more. After making a clear budget, you can go through different modular kitchen payment plans and funding options.

How to Apply for a Personal Loan for Your Modular Kitchen

Seeking a personal loan from SMFG India Credit? Here’s how you can secure it:

1. Fill in Essential Information

Enter your mobile number, PAN, pincode, and employment type (salaried or self-employed).

2. Verify Mobile Number

You’ll receive a 6-digit OTP to authenticate your mobile number.

3. Enter Personal Details

Provide additional details such as your email address, date of birth, gender, and annual household income. Verify your email ID as well.

4. Provide Employment Information

If you are salaried, submit the required employment details.

5. Submit Bank Statements

Please submit your bank statement via Net Banking, an Account Aggregator, or by uploading it. We’ll use this information to generate a loan offer (only for salaried applicants).

6. Complete Identity Verification

Complete identity verification by taking a selfie and providing your address using CKYC, Offline Aadhaar XML-based KYC, or DigiLocker.

7. Enter Your Bank Account Details

Submit your bank account details for verification.

8. Provide Additional Details

Head to the ‘Additional Details’ section after the bank account information is verified. Fill in the required fields such as the loan purpose, marital status, father’s name, and mother’s maiden name.

9. Complete E-NACH Setup

Select your preference for a re-payment mode – debit card or internet banking – and finalise the E-NACH setup.

10. Sign the Agreement Digitally
    Review the loan agreement thoroughly, digitally sign it to acknowledge the terms and conditions, and validate the process using the OTP sent to your mobile number.

Progress towards your financial objectives by following these simple steps of securing a personal loan from SMFG India Credit.

Conclusion

Today, there are several modular kitchen instalment plans available, tailored to your needs and costs. Designing your dream modular kitchen setup can be stress-free when you have the required funds. SMFG India Credit provides personal loans of up to INR 10 Lakhs* with interest rates starting from 12.5%* per annum. You have multiple EMI options for modular kitchens with flexible repayment plans between 12 to 60 months*. Apply for a loan online for a quick and convenient experience or visit your nearest branch where our representative can guide you further.