Given my love for travel, I always fancied the idea of living in different cities for short periods of time as that is one of the best ways to explore the region in and around. But again, life comes with so much baggage, ‘literally’ and sometimes figuratively, that moving around and setting up house each time is rather cumbersome. The logistics, effort, and the hassle of setting up and dismantling a house each time is just too much to even consider the option. But with Rentomojo it does not seem so, let us find out how.
Say Hello to Convenience
An online rental solution for your furnishing needs, Rentomojo is India’s leading consumer leasing company that leases out not only furniture but also home appliances and bikes. Founded in 2014 by IIT alumnus Geetansh Bamania, Rentomojo is a perfect solution for setting up your home at easy and affordable rentals.
Based on the premise that furniture and appliance costs aren’t really the wisest of investment options, Rentomojo offers a highly evolved fintech model where the customers can lease furniture, appliances, and two-wheelers by paying an extremely affordable RMI (Rental Monthly Instalment). Rentomojo currently operates in 8 cities: Bangalore, Mumbai, Pune, Delhi, Noida, Gurgaon, Hyderabad, and Chennai.
Once you decide to partner with Rentomojo, you can browse through their websites for all the products available. Apart from standalone pieces, there are packages available room wise and even as per your apartment type. I loved their living room packages that were high on elegance and class!
Rentomojo makes sure that all their products are new or almost new when they are shipped. Stringent quality checks are undertaken on every piece of furniture before delivery. If you still are not satisfied with the product at the time of delivery, Rentomojo gives you the option of returning the product at that time. On booking confirmation, a minimal amount is collected as a security deposit which is fully refundable. Rentomojo delivers, picks up, and installs the products absolutely free of cost and as per your schedule.
Available to rent for a minimum period of three months, you can choose to rent the product(s) till a maximum period of 24 months. Rentomojo offers several features like early termination or extension of the tenure at any time with a short notice of two weeks. In case of termination, one would just need to pay the difference in monthly rental rates between your ‘Contract tenure’ and ‘Actual tenure’.
Other convenient features offered by Rentomojo include:
- Free relocation
- Option to swap products
- Trials before rentals
- Quick service
- Transfer of subscription
- Easy documentation
- Easy payment methods
- Free maintenance
EMI vs RMI
When compared to buying on EMI, RMI makes more financial sense for the simple reason that the latter offers flexibility and non-commitment to the products. You rather put your money in investment options that would yield better returns than block your capital on furniture and appliances. Here you are free to use the products until you want and return when you don’t. Apart from this, the convenience factors listed above and the cheaper monthly pay outs vis-à-vis EMI makes RMI a more financially viable option.
New Offering of ‘Rent-To-Own’
Rentomojo recently announced a new way of ownership, where after paying some RMIs the customer has the option to buy out the product. This is certainly a huge positive for customers as it gives them further flexibility to own the product they have loved using for so long. Geetansh Bamania, CEO & Founder, Rentomojo said, “A lot of customers get a strong sense of ownership once they buy the products. With an option of owning after the customer has rented, where he is paying a nominal RMI, it is certainly a new way of ownership and that makes us different than a usual renting company”.
This is truly a “smartly own” option and a win-win for customers. So, it is time you make the right choices financially and live life light and king size on some smart terms!
Disclaimer: This post is in association with Rentomojo, opinions, as always are my own.