Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Top Reasons to Get an Instant Personal Loan for Diwali 2024 Celebrations

Published on Nov 1, 2021Updated on Feb 6, 2024

Top Reasons to Get an Instant Personal Loan for Diwali 2024 Celebrations

This festive season, shower your loved ones with Diwali sweets, delicacies, and gifts. Spare no expenses to express your joy and happiness at being a part of their lives. With a SMFG India Credit Personal Loan, make every Diwali wish of your near and dear ones come true.

Top Reason to Avail Personal Loan for Diwali Celebrations

1. High Loan Amount without Collaterals

When you avail of a secured loan, you are required to pledge an asset, as in the case of a loan against property. A personal loan is a form of unsecured loan in that you do not have to offer any collateral.

Additionally, personal loans allow borrowers to avail up to Rs. 25 lakhs*. This enables them to make large and expensive purchases

Individuals who avail personal loans to meet their Diwali expenses can buy high-end electronic appliances, revamp their home in style or take their family on an international holiday.

The terms and conditions of the loan will depend upon the borrower’s eligibility such as CIBIL score, etc.

2. Online Applications

The festive season, unfortunately, happens to be the busiest time of the year. With so much on your plate, it is difficult to make time to apply for a personal loan separately.

Fortunately, SMFG India Credit offers the convenience of online loan applications to customers.

With just a click of a few buttons, you can successfully apply for a personal loan online without ever having to leave your home. As long as you fulfill the eligibility criteria, you can complete the application process by simply uploading the necessary personal loan documents and filling up the digital form.

Using the personal loan EMI calculator, you can also select an appropriate repayment tenure so that the resulting EMI can fit comfortably in your budget.

3. Unforeseen Expenditures

Festive seasons are notorious for financial surprises. While most of these surprises may be pleasant - such as surprise visits from close family members or a bonus from the office, some may be unexpected and require additional finances to handle - such as a medical emergency, or organizing wedding arrangements.

A personal loan can help you meet financial emergencies anywhere, anytime. During the festive season, when expenses are higher than usual, SMFG India Credit personal loans can be a life-saver in the event of an unforeseen expenditure, due to their affordable personal loan interest rates, flexible repayment tenures, and quick online processing.

4. Competitive Interest Rates and Affordable EMIs

SMFG India Credit offers one of the most competitive personal loan interest rates in the industry. Using the personal loan eligibility calculator, borrowers can calculate how much they can borrow based on a few parameters such as monthly income and existing EMIs. Accordingly, they can plan their loan application better. For instance, applicants who require an amount higher than they are eligible for may consider adding a co-applicant. 

If you avail a personal loan from SMFG India Credit to meet your expenses this festive season, you can enjoy a hassle-free Diwali.

5. Speedy Disbursal and Quick Approval

Personal loans are usually unsecured. This means that their approval process doesn’t take a lot of time. It also means that you can apply for your Diwali personal loan on the go and not miss out on your festive celebrations.

Furthermore, when you apply for a personal loan from a reputed lender such as SMFG India Credit, the money is also disbursed to you swiftly. If you fulfill the eligibility requirements, you will receive your loan amount within a very short period.

6. Festive Offers

Many top lenders offer loans for Diwali celebrations. This is a good time to take advantage of such discounts and promotions and avail a personal loan to make this special occasion memorable for your family and loved ones.

Features and Benefits of Availing a Personal Diwali Loan

Availing a personal Diwali loan can be a practical and convenient way to celebrate the festival of lights. Here are some key features and benefits:

1. Quick Access to Funds: 

Diwali loans offer rapid approval and disbursal, ensuring you have the necessary funds on time for festivities and expenses.

2. Tenure Options:

Lenders often provide flexible repayment tenures, allowing you to choose a comfortable repayment schedule.

3. No Collateral: 

These loans are typically unsecured, meaning you don't need to pledge any collateral or assets.

4. Attractive Interest Rates: 

Competitive interest rates make Diwali loans an affordable borrowing option.

5. Minimal Documentation:

These loans usually require minimal documentation, simplifying the application process.

How to Use a Diwali Loan for Festive Essentials?

Using a Diwali loan for festive essentials is a strategic way to ensure your celebrations are grand and memorable. Here's how to make the most of it:

  • Decorations: Invest in beautiful and traditional Diwali decorations to create a festive ambiance at home.
  • Gifts: Allocate a portion of the loan for buying gifts for family and friends, making the festival special for your loved ones. Check out the Unique Diwali Gift Ideas
  • Sweets and Food: Purchase a variety of sweets, snacks, and ingredients to prepare delicious Diwali delicacies.
  • New Attire: Use the loan to buy new clothes for yourself and your family, adhering to the tradition of dressing up during Diwali.
  • Pooja Expenses: Cover the expenses for conducting elaborate Diwali pujas and rituals.
Must Read: 10 Things to Buy this Diwali 2023 with a Personal Loann

Why a Personal Loan for Diwali Season a Prudent Decision?

Opting for a personal loan during the Diwali season can be a prudent decision for several reasons:

  • Financial Flexibility: A Diwali personal loan provides the necessary funds to cover festive expenses without disrupting your regular budget.
  • Quick Access: These loans offer swift approval and disbursal, ensuring you have the funds when you need them for shopping, decorations, and gifts.
  • No Collateral: Personal loans are unsecured, eliminating the need to pledge assets or collateral, making them accessible to a broader range of borrowers.
  • Fixed Repayment Terms: You can choose a comfortable repayment tenure, allowing you to spread the repayment over months or years.
  • Attractive Interest Rates: Competitive interest rates make personal loans an affordable borrowing option for the festive season.

Things to keep in mind before taking a personal loan for Diwali

Before taking a personal loan for Diwali, it's crucial to:

  • Check Creditworthiness: Review your credit score and credit report to ensure eligibility and access to favorable loan terms.
  • Calculate Debt-to-Income Ratio: Assess your current financial commitments to ensure you can comfortably accommodate the loan repayment within your income.
  • Consider Interest Rates: Understand that personal loans are unsecured, so interest rates may be higher; compare rates from various lenders for the best deal.
  • Create a Repayment Plan: Have a backup repayment plan ready in case of unexpected financial setbacks to ensure timely loan repayment and avoid any financial strain during the festive season.

This Diwali, SMFG India Credit has a grand festival offer for all eligible salaried borrowers. If you are looking to avail a personal loan, are a salaried professional and fulfil all the eligibility requirements, you can enjoy a flat discount of 0.5%* on processing fees.

You may also enjoy a flat 0.5% discount* on the interest rate. Please note that this is a limited-time offer only.

So, what are you waiting for? Log on to the SMFG India Credit website today, fill up the personal loan application form, upload your documents and enjoy an instant loan for Diwali celebration.

*Terms and conditions apply.

* 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

Was this helpful?

Yesyes vote
Nono vote
Sorry about that
How can we improve it: