Diwali is an auspicious day when people worship Maa Lakshmi, and perform different kinds of actions, charities, mantras, and services to appease the Goddess to cast positive effects on their households. This year, those who want to make their wishes come true might establish prosperity by availing of an instant Personal Loan. Financial support arriving at the right time helps achieve financial confidence and make Diwali celebrations more joyous and generous.
With the festival of lights just around the corner, let’s find out more about instant loans, how to calculate interest on a loan, and how they can help celebrate Diwali your way.
Reasons to Take a Personal Loan This Diwali
Borrowers can do several things with personal loans on Diwali, depending on their purpose and plans.
Home Renovation: Traditionally, Diwali is an auspicious day when people decorate their homes with lights, flowers, and bright colours. It is an opportunity to renovate the house. You can take a home improvement loan to give your house a makeover and easily accomplish the home renovation project.
Festive Season Sales: Almost all retail outlets and e-commerce stores announce their festive season sales during the Diwali season. They significantly reduce their prices, increasing people’s affordability and attracting more customers to purchase the things they always wanted. From the customer’s perspective, this is the right time to buy stuff at a lower price. Therefore, getting a personal loan makes sense to fund the purchase of big-ticket items and take advantage of these yearly sales.
Spend quality time with loved ones: Diwali brings a string of holidays, from Dhanteras to Bhai Dooj. In most regions, the Diwali holidays go like this:
Day 1: Dhanteras: The new financial year starts for many Indian business owners as per the traditions on this day. People buy gold, silver, electronics, and vehicles to mark this beginning.
Day 2: Naraka Chaturdasi: Also known as Choti Diwali, this is the day of oil baths, cleansing, food delicacies, and new clothes.
Day 3: Diwali: The day of the new moon; this is the official day of Diwali, marked by food, lights, gifts, and celebrations.
Day 4: Govardhan Pooja: The day when Lord Krishna lifted Govardhan Parvat to shelter his villagers from rain and storm.
Day 5: Bhai Dooj: The day symbolises the bond between sisters and brothers.
So, after a challenging year of work and monotony, Diwali is the ideal time to enjoy and celebrate financial freedom. Festive vibes, reduced prices, celebration days, and back-to-back holidays – what else can someone ask for than a great family time?
Learn how to calculate interest on a loan and plan a loan application according to the budget.
Exclusive Gifts for Loved Ones: Another important custom on Diwali is giving gifts to their near and dear ones. Whether it is to buy exclusive gifts for your family or friends and colleagues, a Personal Loan from Clix Capital can be used as you want without any constraints. For example, take a loan and buy your Mum the high-end earphones to listen to music or get your Dad the exclusive watch he always admired but never thought of buying.
Education: Those planning to send children abroad for studies know that most foreign universities accept entries from November to February or a little earlier. So, Diwali is the right time to get finances in order and plan the application with a personal loan for education.
What Makes Personal Loans an Ideal Funding Option?
Diwali season has arrived and covering all the necessary expenses in a single month can take a toll on the budget. What does one do to manage the finances during this time? A simple way is to take an online personal loan with instant disbursal.
Here are a few features and benefits that make personal loans an ideal funding option for Diwali.
Transparent Interest Charges: Clix Capital’s personal loan interest rates are transparent. When you don’t know how to calculate interest on a loan, you can use our Free Personal Loan EMI Calculator to anticipate the EMIs. Well, that largely depends on factors like the applicant’s age, income, credit score, loan amount, tenure etc.
Flexible Usage: Unlike other loan types, personal loans are extremely flexible, with no end-use restrictions on the amount’s end usage.
Ample Loan Amount: You can get a Personal Loan starting Rs. 50,000 and of up to ₹ 10 Lakh to cover various personal expenses.
Collateral Free: Personal loans are unsecured loans. Hence, you don’t need to go through the stress of pledging any collateral during this festive season.
Repayment Flexibility: Personal loans give flexibility for repayment, as the loan tenure varies from 12 to 48 months. Borrowers can use a Personal Loan calculator to calculate their EMIs before applying for a Personal Loan.
Easy Application: Clix Capital personal loans are completely digital. You can apply for an instant loan online from the comfort of your homes or office. No physical visit to any office for documentation is needed. Simply, visit our website and start the application process in swift.
Simple Eligibility Criteria and Minimal Paperwork: Clix Capital has ensured that acquiring online personal loans are easier this festive season. General eligibility criteria include our customer’s age, citizenship, credit score, monthly income, work experience, location, loan amount etc. Technologically advanced Clix Capital offers online personal loans that require minimal documentation and no paperwork.
Tips to Get A Successful Loan Approval This Diwali
Now that you have made your mind to opt for a personal loan, let’s look at a few tips to ensure your application is successfully:
- Ensure you maintain an Experian credit score of 630 or above
- Calculate expenses and decide on a reasonable loan amount to avoid over-borrowing
- Check loan eligibility criteria before applying to prevent rejection
- Be sure about your required loan amount
- Avoid multiple applications at the same time
Availing of a Personal Loan this Diwali would be an excellent option to enjoy the festival without any financial constraints. Borrow smartly and repay the loan EMIs on time to get the most out of the borrowed money.
May this Diwali bring wisdom, prosperity, health and wealth to you and your family.