Festivals are a time for joy and celebration, but they can also come with a hefty price tag. Between decorations, gatherings, and food, the costs can add up quickly. While we want to enjoy the festivities freely, reality often reminds us of budget constraints and the need to put plans on hold.
That’s where a loan can become your perfect festive backup. It’s a fast and hassle-free way to get quick financial assistance. And the best part about these loans is that they can easily be applied through the loans app while sitting at home and enjoying those delicious ghewars and laddus.
Make the Most of Your Festival with Loans
We Indians like to celebrate our festivals in a grand way. Be it Diwali or Raksha Bandhan, we like organising parties and getting new clothes. Right? However, the festival celebrations often come with their fair share of expenses. This is how you can utilise the loan without dipping into your savings this festival season:
- Home Decoration & Renovation: Give your home a festive makeover with new paint, lighting, furniture, or decor. Match your vibe and aesthetics without worrying about the finances!
- Shopping for Clothes & Gifts: Who wouldn’t like giving gifts to their loved ones and seeing that smile on their faces? Don’t let the financial crunch hold you back; use a loan to shop your heart out for the people you love. The best part is that you don’t have to compromise your monthly budget now.
- Festival Events & Celebrations: We Indians believe in celebrating our festivals together. Organise celebrations, religious functions, or family gatherings to ensure you enjoy your festivals. Cover costs like venue booking, catering, music, or cultural events with the help of a loan.
The Benefits of Using Loans During Festival Celebrations
Using a loan for your festive expenses isn’t just about getting the money; it’s about the smart financial benefits it offers. Let’s take a look at them:
Instant Financial Flexibility
Festivals often come with last-minute expenses, be it an unexpected travel plan to visit family or a sudden gathering for guests. A loan provides quick access to money with minimal documentation. This ensures you never have to compromise on your festive joy.
Fixed Interest Rates and EMI
Unlike credit cards, which often have high and fluctuating interest rates, loans come with a fixed interest rate. This means you know exactly how much you need to repay each month through a fixed EMI, making it easier to budget and manage your finances.
No Collateral Required
During the festival season, people are often hesitant to liquidate assets but still need financial support. This is where loans become your best friend, as they are unsecured. That means you don’t need to pledge any assets to get the financial assistance. You can borrow based on your creditworthiness and repay comfortably over time.
Build Your Credit Score
By responsibly repaying your loan on time, you can improve your credit score. A good credit score is crucial for getting better interest rates and approvals for future loans and credit products. This score helps the lender build trust.
Minimal Documentation
Everyone is busy during the festival season. In such a time, dealing with heavy paperwork can be overwhelming. However, with the loans, you can save this hassle. This is because lenders these days offer minimal documentation that requires less effort, saving you time.
Flexible Repayment Tenure
Not everyone can pay off their loan immediately. With a quick loan, you get to choose your repayment tenure, which can range from a few months up to a few years, depending on the lender. This lets you spread out your festive expenses without overburdening your monthly budget.
How to Apply for a Loan?
If you are surprised by knowing benefits of loans and wondering how to apply. Here’s a simple procedure:
- Download the App: Go to the Google Play Store and download the app loan.
- Register & Complete KYC: Sign up using your mobile number and complete your KYC with basic details and documents like PAN and Aadhaar.
- Check Eligibility: Enter your income details and let the app check your eligibility for a loan.
- Choose Loan Amount & Tenure: Select the amount you need and your preferred repayment period.
- Submit Application: Tap on loan apply and confirm your details. No lengthy paperwork needed!
- Get Instant Approval & Disbursal: Once approved, the amount will be credited directly to your bank account within minutes.
Wrapping Up
Festivals come once a year, and you deserve to enjoy them to the fullest. However, financial constraints are common during the festival season; there are various ways that can help you tackle them. Loans are one of them. They are a quick and hassle-free way of getting quick financial assistance.
Apps like True Balance are known for their user-friendly, fully digital application process that enables you to apply for a loan while sitting at home. True Balance offers loans up to ₹2 lakh at competitive rates of 2.4% per month, reducing your financial burden. Also, they provide longer repayment terms, allowing you to choose a tenure that suits your budget. Furthermore, if you manage your expenses and want to repay your loan early, you can easily do so with the help of True Balance’s foreclosure option.
Make the most of this festival season with the True Balance loan app!
