Gone are the days when you had to queue at the lender’s branch or wait for hours to start the loan process.
With Diwali just around the corner, the time for celebrations is upon us. This is the season to reach your goals, and you can do it with an online personal loan. Loaded with features, these fundraising tools are easy to use. In addition, you can access promotional interest rate offers for personal loans, and these can help you access funds at lower cost.
To find out how a online personal loan can help you make this Diwali one to remember, read on.
1. Easy access to money online
With an online personal loan, accessing the money you need is easier than ever. Gone are the days when you had to queue at the lender’s branch or wait for hours to start the loan process. Now, with a few clicks, you can access a personal loan online.
All you have to do is fill out an online form, upload documents and you’re good to go. The whole digital process only takes a few minutes and is very easy to perform. Some lenders even have mobile-friendly sites and apps, allowing you to borrow funds wherever you are. Online personal loan arrangements are features that you can take advantage of today, and you should take advantage of them to have a quick and easy borrowing experience.
2. Unsecured financing option for hassle-free treatment
In the midst of the hustle and bustle of Diwali, you might not have the time or energy to devote to tedious financial processes. This is a problem that you may encounter if you go for a secured loan, in which you will have to pledge an asset as collateral. An online personal loan, however, eliminates these hassles as it is an unsecured offer. You don’t need to pledge any assets to qualify, which makes borrowing money much easier.
3. Simple requirements and minimal paperwork
Major lenders have made acquiring a personal loan online even easier this Diwali. In addition to being an unsecured offer, many lenders will now only have basic criteria. These will primarily assess your age, annual income, credit score, job, and citizenship.
Plus, you don’t have to worry about submitting a tedious list of documents either. Lenders who offer a personal loan online are likely to require only essential documents, and some may even have a paperless provision! Look for lenders who have lenient requirements as this greatly simplifies accessing funds this Diwali.
4. Instant loan approval and disbursement functions for urgent expenses
As the celebrations begin, you’ll find plenty of limited deals and specials launched by a range of retailers. Many of them only last a few days and the potential savings are huge. This is especially true for deals on expensive home appliances like washing machines, televisions, air conditioners, or other electronics like smartphones. An online personal loan allows you to secure these transactions quickly without depleting your savings. Some leading lenders have special loan features that can ensure accelerated access to funds.
Depending on the lender and your financial profile, you can get instant approval for a personal loan. Apply online, submit documents and get approval in minutes. To complement this functionality, lenders also offer fast disbursement, where the entire approved sanction is paid into your bank account in just a few hours. No matter the urgent expense, with the right lender, you can get the funds in no time.
5. No usage restrictions, perfect for party spending
Unlike other financing options, the sanction of a personal loan can be used without any restrictions. You can use it freely and face all the expenses. This type of freedom is needed during Diwali because you might need money for a wide range of expenses. Whether it’s a two week getaway to a tropical destination, a special family event at home, home renovations, tuition, or any other expensive expense, manage it all with ease.
6. Interest Rate Offers For Seasonal Personal Loans
Like retailers, brands and service providers in the market, lenders also launch seasonal offers during Diwali. Right now, you can get a personal loan online at a much lower rate, which makes borrowing much more affordable. The seasonal interest rate offers for personal loans are some of the best rates you will find throughout the year.
With good planning, you can reach your financial goals and save money! To find out exactly how much you can save, use a personal loan interest calculator. Major lenders offer this digital tool on their website and you should use it to get the most out of your loan.
7. Long tenor and customizable according to your abilities
Getting a personal loan online this Diwali is smart because you can stay in good financial health long after the celebrations are over. This is because you don’t have to bear the brunt of heavy payments and only have to pay an affordable down payment each month. Some lenders even offer a repayment window of up to 60 months, so you can find an affordable monthly payment. You can find easy-to-manage EMIs by using the EMI calculator.
With these tips in mind, the right personal loan online this Diwali can help you get the most out of it. A great option that you should consider is the Bajaj Finserv personal loan. With this, you can get up to Rs. 25 lakh without any collateral and enjoy a wide range of online loan features for a comfortable experience. To make sure you don’t have to compromise this Diwali, Bajaj Finserv offers instant approval within 5 minutes and disbursements within 24 hours * of approval.
To take advantage of these benefits and more, check out your pre-approved offer for a hassle-free experience.
* Conditions apply