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Avail Personal Loan To Make Gifting Easier This Diwali

Published on Oct 14, 2022Updated on Jan 29, 2024

Avail Personal Loan To Make Gifting Easier This Diwali

Diwali is almost here, and we can’t wait to celebrate the festival of light with utmost joy and happiness! People of all communities in India celebrate Diwali. Streets, shops, houses, and roadways glow with a gazillion lights. Though there are many customs that we abide by during Diwali, gifting tops the chart in all terms. Exchanging gifts during Diwali is a tradition that people follow everywhere. The grand festival is celebrated with extreme zeal and excitement, making it the most awaited festival.

Crackers, lights, sweets, decor, and gifts complete Diwali. The joy of gifting is unbeatable, and there’s nothing better than spoiling your loved ones with gifts of their choice. This festive season, shower your beloved family members and close ones with gifts and delicacies. It is important to leave no stone unturned to make them feel special. Make every dream of your near and dear ones come true when you apply for an instant personal loan online without worrying about expenses. 

Let’s learn more about personal loans for Diwali 2022.

How Does A Personal Loan Make Gifting Easier During Diwali?

During the festive season, certain expenses are non-negotiable. Personal loans are an optimal choice for people with expenses in line during the festive season.

Another advantage of a personal loan is the flexibility of tenure. When you opt for a personal loan, you get at least 5 years to pay it off, making the EMIs considerably reasonable. However, it is best to use a personal loan EMI calculator to get an idea of the monthly repayments.

Additionally, personal loans can be prepaid too. You can prepay your loan after 1 year without paying any significant extra charges. Also, quit your worries about collateral, as personal loans are unsecured and can be availed easily without putting anything at risk. Please note, that if you wish to prepay your personal loan, you must repay the entire amount in full.

Must Read: Best Diwali Gift Ideas for Family & Friends in 2022

Top Reasons Why You Should Opt For Personal Loan For Diwali 2022

Having second thoughts before applying for a personal loan is normal. One should always weigh their options before making a final decision regarding a loan. Several benefits come along with a personal loan. Here are a few top reasons why you should consider a personal loan for Diwali 2022:

1. Festive Sales Bring Savings

E-commerce giants often announce festive season sales during Diwali. Several products are on massive discounts during Diwali. Be it electronics or clothing, there are plenty of options to make your gifting choice. With such great deals, you can make the most of your time and money and purchase great gifts for your loved ones

Also, it is ideally the best time for everyone to upgrade their mobile phones, laptops, and other items during the sale. Since electronics are more on the expensive side and can be heavy for your pocket, taking a personal loan for Diwali 2022 is an ideal choice.

2. Personal Loans Without Collateral

Personal loans are unsecured loans that do not require borrowers to pledge their valuable assets. To make expensive and significant purchases for gifting, one can avail personal up to INR 25 lakhs. This is enough for anyone to meet Diwali expenses or go for an international holiday! The terms and conditions come with the personal loan and depend on the borrower's eligibility.

How To Use Personal Loans For Diwali 2022

Here is how you can make the best use of your personal loan for Diwali 2022:

1. House Renovations

Home renovations are widespread during Diwali. Everyone puts their best effort into making their house look the most presentable during festivals. Though home renovations are expensive, a personal loan for Diwali 2022 can take care of that. Some lending institutions provide personal loans to ensure your festivals are carried on without hurdles. Furthermore, painting your home during Diwali is also a great idea to add to the vibrant vibes.

2. Gifting

Gifts are a crucial part of Diwali. The list of friends and family is never-ending, which can lead to a big gifting list. Clothes, electronics, jewellery, and gold are some common gifting ideas. The amount required to make such purchases could be high. That’s where personal loans come into the scene to refill your savings account shortly after approval. During Diwali, several lending institutions also offer discounted interest rates, making it more convenient for users to opt for it.


Diwali is all about happiness and joy and it seems incomplete without shopping for your favorite items. This Diwali, SMFG India Credit offers personal loans for salaried individuals at a minimal processing fee. Calculate your personal loan eligibility, and if you qualify, apply for an personal loan online.

* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us

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