“In a land of ideas, you are always renting”- Steven Soderberg
And, mankind has always been well known for his fluency in choice reversals. The confidence with which, you procure a product starts to wane down the moment, you see something better. Ergo, in a world of choices it is hard to remain loyal to materialistic products until or unless they hold a deep emotional value.
About Rentomojo :
RentoMojo, India’s leading consumer leasing company, announced an exciting proposition of Rent-to-Own, where customers will now be able to rent till whatever time they want, return or own the products.
Founded in 2014 by Geetansh Bamania an IIT alumnus; RentoMojo started as a rental business, which then evolved as a fintech model where the customers can lease furniture, appliances and two-wheelers by paying an extremely affordable RMI (Rental Monthly Installment).
About The Bloggers Meet :
We congregated at the “Ramada” hotel, for the bloggers meet, where we were given an insight into the true machinery of Rentomojo. Rentomojo, doesn’t just let you rent but also does, give you the freedom of even buying the product if you feel so. With the new offering of ‘Rent-To-Own’ the customers will have a new way of ownership, where after paying some RMIs if the customer feels like buying the products, it can be done.
While we all are aware of the EMI concept, Rentomojo works on the basis of RMI concept. How is RMI better, you ask? The benefits of flexibility and non-commitment to the products, of course. You just have to take the products till the time you want and return when you don’t. An initial security deposit of 2 months of RMI is collected, which is refunded at the end of your rental period.
Geetansh, spoke to us about how it is a better option, when you rent out products and when you do not buy them. He spoke about some cons of product purchase vs product renting; like product depreciation, investing the same lumpsum amount into things that can give your money a growth or investing it in a hobby related option. He gave us an insight into the fact that, Rentomojo offers the option of any time rental – 3/6//12/24 months and henceforth, and if you plan to stop renting, there is no cancellation fees as well.
The facilities that Rentomojo is offering to it’s customers is really amazing, whereby its really a win-win situation for both.The other important benefits, that were discussed include free delivery and maintenance, swap of the products and much cheaper payouts monthly as compared to EMI.
I, certainly thought that, if you are a newly married couple, student, professional or a migrant to a new state, Rentomojo could be an answer to all your questions. They provide you with a flexible module where you have a trial run before investing in a product or if you are a person who loves changing home decor, as per the trends then this is your saviour.
Here are the reasons why you should try RentoMojo:
It saves you money as compared to buying it & incase, you like the product you may also buy it.
If your uncertainties get the better of you, you may always swap for another product.
Gives you flexible rental term benefit and they don’t charge cancellation fees.
Maintainance is given, whenever it is necessary.
No cancellation charges, if you cancel the agreement early.
Please click the link below, to understand more in depth about Rentomojo browse through their website link below: