{"id":4930,"date":"2022-10-20T05:09:00","date_gmt":"2022-10-20T05:09:00","guid":{"rendered":"https:\/\/www.indusind.bank.in\/iblogs\/?p=4930"},"modified":"2025-08-29T11:31:06","modified_gmt":"2025-08-29T11:31:06","slug":"brighten-up-your-diwali-with-help-of-personal-loan","status":"publish","type":"post","link":"https:\/\/www.indusind.bank.in\/iblogs\/personal-loan\/brighten-up-your-diwali-with-help-of-personal-loan\/","title":{"rendered":"Brighten Up Your Diwali with Help of Personal Loan"},"content":{"rendered":"\n

Diwali may well be the shopping season for many. After all, there are a few times a year when one can avail of great offers on home appliances, new furniture, other items, and more. Add to it; there is a longstanding tradition of buying new utensils, gold jewellery, and silver coins. Naturally, expenses can quickly climb higher than the best rocket in your fireworks. But a personal loan can come to your rescue if you need financial help to tide over Diwali expenses.<\/p>\n\n\n\n

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Wondering how you can make the most of a personal loan this Diwali. Well, here\u2019s everything you need to know about it.<\/p>\n\n\n\n

What are Personal Loans, and What Are Their Benefits?<\/strong><\/h2>\n\n\n\n

A personal loan is an unsecured loan. So, one does not need to put their assets as collateral in order to avail of a personal loan. You simply apply for the amount you need and repay the amount with interest over the tenure set by the lender.<\/p>\n\n\n\n

How Personal Loan Can Help You in Diwali?<\/a> <\/strong>Let us find out.<\/p>\n\n\n\n

1. Attractive Interest Rates and Flexible Repayment Tenure<\/strong><\/h3>\n\n\n\n

No matter the loan amount, personal loans come at attractive interest rates. Many banks make personal loans even more affordable by offering lower interest rates around the festive season and flexible tenures.<\/p>\n\n\n\n

So keep an eye out for Diwali offers on personal loans<\/a>. Switch on those notifications, set your reminders, and subscribe to your potential banking partner’s newsletters. This way, you’ll never miss a good loan offer.<\/p>\n\n\n\n

2. Online and Paperless Application Process<\/strong><\/h3>\n\n\n\n

Every year Diwali accompanies many other smaller festivals like Dhanteras and Bhai Dooj. So, in preparation for these long celebrations, chances are you do not have any time to stand in the bank’s long queues to get loan approval. And that is why you should take a personal loan online.<\/p>\n\n\n\n

The application process is completely online. Just visit the lender’s website and follow their steps. The best part? Now, you do not need to go through extensive documentation. In most cases, entering PAN and Aadhaar number is enough to complete the loan application.<\/p>\n\n\n\n

3. Quick Loan Approval and Fund Disbursal<\/strong><\/h3>\n\n\n\n

During Diwali, everyone in your family is in a celebratory mood. They look forward to purchasing new things for themselves and the house. In such situations, if you have to wait to get your hands on funds, it can dampen the festive spirit. But not if you apply for an online personal loan.<\/p>\n\n\n\n

Lenders usually perform minimal checks on creditworthiness, income, and age before they approve a loan. You can expect the funds to arrive in your bank account within 24 hours of loan approval. So, you can get to spending and brighten up your Diwali without waiting for funds to arrive.<\/p>\n\n\n\n

Who can Apply for a Personal Loan?<\/strong><\/h2>\n\n\n\n

Eligibility criteria for who can apply for a personal loan<\/a> and what amount varies between lenders. At IndusInd Bank, we have very relaxed eligibility criteria wherein:<\/p>\n\n\n\n