Published on Oct 18, 2024Updated on Sept 24, 2026
Diwali holidays are a wonderful opportunity to celebrate cherished traditions with family and friends. From decorating your home and participating in festive events to investing in gold, people across India celebrate Diwali in various ways.
While the festive season is an exciting time, it can also be financially demanding. However, this shouldn’t stop you from enjoying the celebrations. Personal loans from SMFG India Credit can help you experience the joy and positivity of Diwali without straining your budget. As Diwali 2025 approaches, let’s learn more about the festival and how to celebrate the occasion to its fullest with the help of personal loans.
Diwali is a festival that symbolises the victory of good over evil and light over darkness. It is believed that Lord Rama, the prince of Ayodhya, returned home after an exile of 14 years on this auspicious day after defeating the demon King Ravana.
To celebrate his return, the people of Ayodhya lit traditional oil lamps and lanterns in the streets and in their homes. This tradition continues today, which is why Diwali is also called “The Festival of Lights.”
Diwali marks the end of negativity and darkness while welcoming positive energy and prosperity into homes. People worship Goddess Lakshmi, the deity of wealth and prosperity, and Lord Ganesha, the remover of obstacles, inviting their presence to spread happiness and positivity.
A Diwali function can be one of the most joyful celebrations, bringing together all friends, neighbours and family. Organise a Diwali mela in your locality, and arrange various activities like rangoli-making competitions and plays of Diwali legends, such as the return of Lord Rama to Ayodhya.
Personal loans can cover multiple expenses, helping you finance different activities and organise a memorable Diwali ceremony for all your loved ones.
The holiday season of Diwali warrants a family vacation for many. Consider visiting Varanasi to enjoy a boat ride along the grand Ganga Aarti, where thousands of floating lamps are lit, or Ayodhya to witness its magnificent four-day Diwali celebration.
While accommodation prices and travel costs may rise during Diwali, personal loans can assist you in covering these costs. This way, you can observe and participate in the beautiful celebrations without any hassle.
It is believed that Goddess Lakshmi, the goddess of wealth and prosperity, only visits clean and well-decorated homes. As a result, it’s a common tradition in India to conduct a thorough “Diwali cleaning” before the festival to welcome her. If you want to renovate your home – whether it’s painting the walls, getting new furniture, adding artwork, or decorating with sparkling lights and flowers – Diwali is the perfect time for it.
A personal loan can help you cover expenses like purchasing new furniture, repainting your home, and remodelling your kitchen to invite positive energy and prosperity.
Diwali is considered an auspicious occasion for new beginnings, making it a popular time for purchasing new vehicles. Many families in India buy cars during this season, and automobile dealerships often offer special Diwali discounts, making it an ideal time for such purchases.
Automobiles can be a significant expense, and personal loans can help ease this burden with attractive interest rates and flexible loan tenures
Investing in gold and silver is a common practice during Diwali, as they are believed to bring prosperity and wealth. In addition to jewellery and gold, mutual funds are also considered good investment options during this festive season.
The funds from a personal loan can be used for making lucrative investments. Benefits such as quick disbursals and minimal documentation help you seize new opportunities promptly.
Diwali is a festival best celebrated to its full extent to mark new beginnings and welcome positive energy in your surroundings. At SMFG India Credit, you can apply for personal loans up to INR 10 lakhs* without the need for collateral. Some key features and benefits that make SMFG India Credit’s personal loans an ideal choice for Diwali celebrations include:
Diwali is an auspicious occasion celebrated across India, symbolising the victory of good over evil and spreading positivity. There are several ways to celebrate Diwali and welcome prosperity and positive energy into your home.
From organising Diwali functions and renovating your home to investing in new opportunities, personal loans can assist you in making the most of this joyous occasion. Check your eligibility and apply online today to benefit from attractive interest rates.
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
The content of this article is for information purposes only and does not constitute as, an offer or advise to avail any products or services from, or, a commitment to grant any loan by the company. It is not intended to create any rights or obligations against us. All content is provided "as is" without any warranty of any kind, either express or implied & we disclaim any warranty or representation, whatsoever, in regards to the content. Please refer to the Privacy Policy of the company to understand the use, processing and storage of your personal data.
Was this helpful?
Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
Beware of Spurious calls/ Fraud phone calls IRDAI is not involved in activities like selling Insurance policies, announcing bonus or investment of premium. Public receiving such phone calls are requested to lodge a police complaint.
