Personal Loan

Here is Why Taking A Personal Loan During Festivals Makes Sense


The festival season is the most awaited time of the year, which brings celebrations to Indian households. There are many festivities which means a chance to spend a lot of money on things like a new house, car, gold jewellery, etc.

It’s best to take out a personal loan during the festive time. This makes it easier to stick to your budget and make the most of the holiday season. In addition, the amount appears in your account almost immediately after approval, authorizing you to spend.

When you need to complete all the necessary celebratory rituals but don’t have much money, instant personal loans will relieve you of worrying about how you will pay for everything.

8 reasons to take a personal loan during the festivals 

Online personal loans are a great option. This is because they require minimal documentation and formalities for approval. There are many good reasons to get a personal loan. Here are some of the benefits:

1. Flexible usage 

The festival season is a great time to shop. There are many good deals and discounts. However, unexpected expenses can run into thousands of rupees. These can harm your savings and budget in the future.

A personal loan can help you cover these costs for your festive season. This loan can cover all your expenses. So you can easily buy a party dress or a vehicle with private financing.

2. Easy to apply 

Due to the digitization of the financial sector, you can easily apply for a personal loan from the comfort of your home. Personal loans offer flexible repayment options. In addition, you do not need to go to a bank or other financial institution to have the loan documented or processed.

All of this can be done digitally, from the loan application to processing in advance using an individual application. In addition, personal loans at attractive interest rates are accompanied by exciting festive offers.

3. Higher loans with low-interest rates 

You can get up to INR 25  Lakhs with personal loans. This can make the festive season more fun and exciting. In addition, if you apply for a single personal loan, you can cover more expenses that you and your family incur during the festivities. 

Since you are well informed about your repayment schedules and the EMI amount to be paid regularly, personal loans also help you avoid repayment problems. You can easily get a low-interest personal loan if you have a steady income and a good credit score.

4. Invest in gold or other assets 

Buying gold or silver during Dhanteras is considered auspicious. In addition, gold and silver investments are excellent assets. However, the rising cost of these precious metals can be overwhelming.

It is a great time to buy precious metals as the holiday season marks the start of the wedding season. You can pay for these expensive items with a personal loan without using your savings.

5. Transform your home 

Have you been putting off home improvement projects for months? Are you interested in modernizing the interior of your home? Or do you need to repaint your home? Diwali is a great time to give your home a makeover, no matter what it needs.

A quick personal loan can improve your home without breaking the bank. They don’t require collateral and have flexible repayment options that allow you to repay the loan when it’s most convenient.

6. Pay off debts

The festival of lights is also considered an excellent time to start over. So why not pay off all your previous credit card bills and debts? You can take control of your finances and restore your financial health.

A personal loan is a great way to pay off debt because it can be used for any purpose you want and requires no collateral. You can also choose a repayment period that suits you and your budget to repay the loan whenever you want.

7. Giving gifts

There’s nothing like making someone happy and making them shine. Gifts generally achieve this. It’s customary to give and receive gifts during the holidays, and it’s very satisfying to see someone’s face light up when you give them something.

However, instant personal loans are covered if you need to spend a lot of money on gifts. If you want to buy something for someone you care about, applying for a quick personal loan makes sense. When buying gifts for friends and family, you don’t have to limit yourself by what you buy or who gets them.

8. Personal loans don’t need collateral

Personal loans don’t need collateral because the start of the festive season means more people want to buy things like home appliances, gold investments, real estate, cars, and holiday clothes.

You do not need to provide a guarantee when concluding the contract. It makes it easier for people of all income levels to get a loan and use it to pay for their holiday purchases. Thanks to this, you can enjoy shopping without any stress.


A personal loan with Piramal Finance during the festive season is the best option, as you can join the fun without any cash requirements. Piramal Finance can make your loan application process simple and stress-free. They guarantee no extra costs and only a small processing fee. You can find a full list of fees on our website. 

You can choose the personal loan EMI amount that suits you best, free yourself from the burden of high repayment costs and enjoy your festivals. They make it easy to apply online, require little documentation, and offer excellent after-sales service.

With a personal loan from Piramal Finance, enjoy the celebrations without worrying about your finances.