Personal Loan

Reasons to Take a Personal Loan this Diwali


For Diwali, you put up rows of lights all around the house. Getting your family and friends together, making them a delicious meal with lots of desserts, and then giving them a gift at the end. This makes the festival sound like a beautiful celebration of love, happiness, and community. 

But from a financial point of view, all of this will cost you a lot of money and will almost certainly go over your budget. During the party, you can see the happiness on the faces of your loved ones. You can’t let that go to waste to save money. But there is an affordable way to have a great Diwali like you’ve never had before. You read that correctly: you can apply for a personal loan to help you pay for your expenses this Diwali. You want to know how. Even though we don’t need a loan to celebrate Diwali, you’ll be surprised to find out why you might want to get an instant personal loan this holiday.

Top Reasons to Get a Loan Right Away for Diwali

No-cost EMI

Just before Diwali, most appliances and gadgets are sold on free EMI. Now is the best time to buy any gadgets or electronics you want. You can use your card to pay the deposit and buy the device if you get an instant loan.

Festive Sales

As soon as the holiday season starts, all e-commerce sites offer deals and discounts. They call these “holiday sales.” People will be able to buy more of the product because the price has decreased. This is good for the brand and the e-commerce business.

Even from the customer’s point of view, it makes sense. This is because they get the same goods for less money than they would have if there hadn’t been a sale.

Buying Property

Now is the best time to buy a house or other piece of land. Some of the housing incentives the bank offers during Diwali to get people to take out a home loan are a discount on the down payment, no processing fees, and even a free interest period. All of these are good for you. Because home loans are bigger commitments, it would be very helpful to start saving. Getting an instant loan could be a great way to pay for the down payment or reserve one for yourself.

Since the amount you get from an instant loan won’t be too big, it’s easy and quick to pay it back.

Gold Purchase on Dhanteras

All brands, like Tanishq, Malabar, and many more, offer deals like free shipping, discounts, and so on. Why not buy gold at a certain time? Diwali is a festival that honors Goddess Laxmi, and one of the most important parts of the ceremony is buying gold. Let’s say you want to buy a gold chain this year but might need more money. You plan to wait five months and buy it when you have more money. But think about whether you’ll be able to get this offer at that time. Will it be a lucky thing?

So why not just buy it now? Use an instant loan to buy gold. Get the money in two hours to make your loved one’s day special. There are flexible and affordable ways to pay back the loan.

Diwali: India’s Peak Buying Season

People spend the most during Diwali. They spend money on clothes, gifts, homes, families, trips, etc. During the holiday season, there are sales on everything from clothes to big-ticket items.

People spend money on holidays like Bhai Dhooj, Diwali, Karvachauth, and Dhanteras. You also have to spend money on yourself and your family during the holidays. It might be too much for your budget if you buy many big things in a single month. To deal with the sudden increase in expenses, you need more money.

Also, wedding season comes right after Diwali, so people often need new clothes and a bigger budget.

The easiest and most convenient way to deal with the situations above is to get a personal loan. On a personal loan app, you can fill out an application for a loan. Through the app, you can get the amount of money you want with the least amount of paperwork. After loan approval, the money is put into your account quickly.

Things You Can Also Do This Diwali With a Personal Loan

Renovating Your Home or Office

Around Diwali, many people try to change their furniture and give their homes a new look. Diwali is a great time to improve your home and get everything ready for parties, even if that means buying a washing machine, dishwasher, and smart TV. This is the time of year when most home improvements, especially painting, are done. 

Buying Electronics

The best time to buy expensive things, like DSLR cameras, air conditioners, vacuum cleaners, and other gadgets is around Diwali. It makes sense if you keep putting off buying these things because your budget is tight and you only have a little cash on hand since their prices are always on the high end. But since Diwali is coming soon, you can start taking advantage of all the deals and sales immediately.

Taking a Vacation

Diwali is one of the best times to go out and calm your soul during the holiday. It is a great time to plan a trip because everyone is always in a vacation mood. Celebrate Diwali by taking your family to the hills or a beach resort. By getting a personal loan, you can go to your favorite place even if you only have a small amount of money.


Some people even look forward to changing their homes around this time. It makes perfect sense to meet your loved one’s needs, even if your budget doesn’t allow it, and to give in to the urges that the holiday season calls for. No one can avoid the charm of Diwali, from getting new clothes and gifts to planning family get-togethers. Getting a personal loan could help you stick to your budget and pay for any extra costs for Diwali. You can learn more about personal loans by visiting Piramal Finance in detail.