The festive season in India starts now and goes on right up to the end of the year. Moreover, whether it’s Navratri or Diwali, each festival is celebrated in a grand, opulent manner. It is a time when family and friends visit each other to exchange gifts, bestow blessings, and partake in celebrations. As festivals form an integral part of our culture, celebrating them with fanfare is a priority for many. However, expenses related to travel, accommodating guests, and preparation for the festivities can burden your monthly budget. To this end, you can opt for a personal loan in India to avail quick, hassle-free funding and enjoy all the upcoming festivals without any compromises.
To know of a few ways in which you can use such an offering, take a look at how a personal loan can help you have a joyous festive season.
Host ceremonies at your home for family and friends
Many Indian festivals are celebrated at home and to add to the communal feel, friends and relatives are invited. However, this can set you back a hefty sum depending on the number of people you’re inviting or the number of days you choose to host your guests for. In most cases, celebrations last a few days, but in some cases, they go on for weeks. In such instances, a sizable sanction allows you to comfortably cover all costs for all events. As a result, by choosing a personal loan, you can host celebrations as per your wishes.
Travel nationally or internationally to celebrate with loved ones
Visiting your loved ones is common practice during the festivities, especially since there’s always a few holidays around the corner. However, travelling within India or going abroad to visit your extended family can cause a dent in your finances, especially if you are travelling with your entire family. This is because you have to account for ticket fare, accommodation, and other expenses pertaining to your visit, along with shopping for gifts. As these costs rise significantly when you travel internationally, an ample sanction via a personal loan comes in handy.
Take advantage of the seasonal offers available
These months are also ripe with seasonal offers. Be it a sale on vehicles or appliances, you can enjoy greater value for money by making big-ticket purchases now. That said, despite the discounts, making large expenses out of your pocket can hurt your savings and throw your monthly budget off track. Thankfully, when you avail a loan, you can make the most of festive deals and discounts. You can reduce your EMIs by 45% with Bajaj Flexi Personal Loan and maintain your monthly spends by choosing a flexible repayment.
Make a down payment for an automobile that’s on offer
Considering the current slump in the market, government authorities and manufacturers alike are offering incredible deals on vehicle purchases. From flat-out discounts on the showroom price to proposed rate cuts on the GST applicable on such purchases, now is a good time to make the down payment for the car you’ve had your eye on. With a sizable sanction and flexible tenor of the personal loan, you can easily drive home the car of your dreams this Diwali.
These are a few ways in which a personal loan sanction can help you enjoy all that this season has to offer. However, do not lose sight of the fact that you first have to meet the personal loan eligibility criteria to qualify. These differ across lenders and so, you should identify an offering that has lenient eligibility criteria and offers instant approval.
The Bajaj Finserv Personal Loan is the perfect example of one such offering and a great fit for all your festive spends. You get instant approval for a sanction up to Rs.25 lakh and can opt for flexible tenor between 12 and 60 months. Further, with the help of the personal loan EMI calculator, you can adjust your tenor to find an EMI that suits your repayment capabilities, so ensure that you use this tool to plan your loan beforehand. To access easy funding, check your pre-approved offer online and enjoy instant approval on your personal loan.