The start of the year is also the perfect time to plan your home renovation, buy a car, organize funds for a big wedding, take courses to improve yourself professionally and achieve other goals in 2022.
Managing all these expenses can reduce your savings. However, by taking a loan smartly, you can easily meet all your monetary needs. A personal loan does not require you to risk assets to obtain funds and has simple eligibility criteria to meet. When you find a suitable personal loan, apply online to save time and add convenience.
Use a personal loan EMI calculator to calculate the personal loan EMI and easily plan your loan. It helps you calculate your monthly payments based on loan amount and term, so you have an affordable experience. Using a personal loan EMI calculator, you can also compare and choose the best loan deal as it shows you how a small change in the interest rate affects your EMIs.
Read on to find out how a personal loan helps with big expenses this New Year.
Book the perfect family vacation with great sanction
In this new year, start planning your vacation and do it without any financial restrictions. You can access a significant sanction with a personal loan, up to Rs.25 lakh. This allows you to plan extravagant vacations, whether to incredible hilltop destinations, tropical beaches, tourist-frequented spots, or places off the beaten path. Plus, you don’t deplete your savings by borrowing smartly. The sanction can be used to cover all your travel-related expenses without restrictions.
Qualify easily and give your home a new look
You may be planning to remodel and renovate your home as the new year approaches. Whether it’s a shiny new coat of paint, new fixtures for your home, or a complete living room overhaul, you can easily fund all of these ventures. That’s because you don’t have to jump through any hoops to qualify. All you have to do is meet some simple criteria, which are usually:
- You must be an Indian citizen between the ages of 21 and 67*.
- You must work in a private or public company, or a multinational
- You must have a CIBIL score of at least 750
- You must maintain city-specific income requirements
Receive same-day payout and fund a big wedding
A smart way to prepare for the special day is to avail funds through an effortless personal loan. Financial problems during wedding preparations are a major inconvenience, but with the right lender, you can avoid this problem. You can even get same-day disbursement with top-tier lenders, making it a smart choice even if you have last-minute expenses you weren’t ready for. Plus, with 24-hour payout*, you never have to delay or defer a payment. This means you can lock in vendors of your choice, make prepayments, or deal with other issues with ease.
Consolidate high-interest debt and pay lower interest
Going into the new year to clear your debt is a good resolution. With the right personal loan, you can make it happen. Some lenders offer competitive personal loan interest rates and allow you to choose a term of up to 5 years. So, if you are dealing with high interest debt, you can opt for a low interest personal loan and consolidate it profitably. With the help of a personal loan interest calculator, you can choose the terms that suit you and manage the repayment stress-free.
Today, applying for a personal loan has become very easy, especially with features like the EMI personal loan calculator. You can compare the penalty and installments with the interest rate and term and choose the best lender. For example, with a Bajaj Finserv personal loan, you can get a hefty penalty of up to Rs.25 lakh to finance your big expenses.
By meeting a few eligibility criteria, you can receive the loan amount in your account in no time. If a situation affects your savings or cash flow, you can reduce your EMIs by up to 45% with the Flexi facility. You also get a long term of 5 years for repayment. Without further ado, check your pre-approved offer and apply online.
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Warning: This content is distributed by Bajaj Finserv Ltd. No TNIE Group journalist is involved in the creation of this content.