Build Your Home Gym with An Online Personal Loan

Serious fitness enthusiasts spend hours daily in the gym. During Covid, lockdowns and restrictions made gym visits impractical, and setting up a home gym became a popular solution. High-quality gym equipment can cost several lakh rupees, but you can avoid depleting your savings by availing an online personal loan or a dedicated gym equipment loan.

✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

• The overall requirement for finance varies according to your workout needs and preferences. If you are a hardcore gym goer/ bodybuilder, you might have to buy several sets of dumbbells and barbells (from 5kg to 30kg) that will cost you around Rs. 15,000 to Rs. 20,000.
• In addition, you’ll need to buy a multi-station machine for different types of push-and-pull exercises such as variations of the bench press, lateral pull downs, seated cable rows, and triceps pushdowns. A good quality all-in-one machine will cost around Rs. 1 lakh.
• If you are more of a cardio workout person, you need a treadmill and/ or a stationary bike. These will set you back by Rs. 60,000 or thereabouts.
• You’ll also need accessories like yoga mats, resistance bands, medicine balls, and a workout bench - these will add another Rs. 25,000 to your total cost.

The cost of setting up a home gym increases substantially if you do not compromise on quality. It is also advisable to buy gym equipment from the best brands because of the somewhat risky nature of the activity. Here are some reasons why you should opt for a gym loan or an online personal loan to fulfil all your fitness-related needs:

Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

1. Affordable interest rates – Personal Loan Interest rates on gym loans start from 10% per annum, which is quite reasonable. This is a highly cost-effective deal if you plan to go for a gym equipment loan.
2. No collateral required – You can get a personal loan for gym equipment in India without having to mortgage a collateral to the bank. This means your other assets will remain secure with you.
3. Flexible and long tenor – Gym loans require minimum documentation and have a flexible tenure. This means that you can easily foreclose the loan for gym equipment in India or extend the tenor as per your changing cash flow. The tenure ranges from 12 months to 96 months.
4. Cost-effective – Gym memberships are quite expensive. The amount you invest in home gym equipment will likely pay for itself within a year. Besides, good quality gym equipment lasts for a long time with proper maintenance. This means you can say goodbye to gym memberships and hello to savings for the rest of your life.
5. Accessibility – In a typical gym setting, you often have to wait for equipment to be accessible as somebody else might be using it. But with your personal home gym equipment, you can switch between machines and exercises at your convenience. Your gym equipment will always remain at your disposal. This means that you can workout at your own timings.
6. Time-saving – Going to the gym requires spending some extra time in commuting. In most cases, people usually spend an hour commuting to and from their gym every day. You will save time, fuel, and a lot of hassle if you work out at your home.

Investing in home gym equipment is a smart move in the post-pandemic world. A dedicated loan ensures you get the best equipment without financial strain. Apply online today to build your home fitness centre and enjoy a lifetime of health benefits and savings. Use the personal loan EMI calculator to plan your instalments beforehand. Once approved, funds are disbursed within 24 hours*.

*Terms and conditions apply.