Here’s How a Personal Loan Could Be Your Best Bet This Holiday Season?


The holiday season has officially begun and winter is at its charming best! This season brings with it celebrations, vacations, home décor, aspirational purchases and much more. To meet all these expenses, you need a robust financial strategy. While saving for the holiday season is one way to go forward, it often fails to meet the budget. In such a situation, availing a quick loan can be your best bet.

Availing a quick loan is convenient, easy and much affordable. Today, there are many money loan apps in the market that offers easy cash loans of up to Rs. 1.5 lakhs depending on your eligibility. You can avail any amount ranging from Rs. 500 to Rs. 1.5 lakh to accommodate your expenses. In addition to that,money loan appsoffer you the flexibility of choosing an affordable loan tenure, desired loan amount, and easy repayment strategy.

A money loan app also offers you complete transperancy. You can just log in to your loan app and check out all the details related to your loan. But what makes a personal loan the best bet during the holiday seasonare the discounts!

Read on to know more.

Why finance your holiday season needs with a personal loan?

Listed below are some reasons why taking a personal quick loan is a great financial strategy for the holiday season –

  • Lower interest rates

During the festive season, financial institutions offer quick loans at highly competitive interest loans. This helps lenders attract eligible customers who are looking for finance to fulfil their holiday aspirations. Download a money loan appto know about the best loan offers.

  • Unrestricted usage

Unlike other specific loans, like a car or a home loan, a personal loan comes with unrestricted end-use. You can use a personal loan to meet all your financial aspirations. Whether it is to renovate your home, buy festive gifts, plan a trip or consolidate your credit bills at the year end, aquick loancan help. 

  • No collateral

A quick loan is an unsecured loan. That means you do not have to pledge your assets to avail this loan. A personal loan is extended to you based on your monthly income and your credit history. Thus, you canavailthe loan even if you do not have any valuables to pledge.

  • Minimal documentation

Appying for a quick loan through a money loan app is made easy with minimal documentation and least paperwork. You can submit a digital copy of the documents easilyin a simple click. Most loan app lenders seeks only identity proof, your address proof, and income proof. 

  • Lower processing fees 

Money loan apps are the prime players in the market today, when it comes to reduced costs. Because of the low operational costs, digital lenders can offer you better terms on the loan. They may also waive off the processing fee or other charges associated with the loan. Make sure to check all the loan offers available in the market. 

  • Flexible loan amount 

You can avail a personal loan of any amount that you need to meet your needs. Money loan apps offer you the flexibility of choosing any loan amount, big or small. You can avail a loan as low as Rs. 5000 which can go up to Rs. 1.5 lakh. Some apps also offer you salary loans of up to 2.5 times your net salary. The upper limit of your loan depends on your eligibility and repayment capability.

  • Instant Processing 

The best thing about a personal loan is its instant processing. Just check your eligibility and the loan terms, before applying for the loan. If you fulfil all the requirements cited by the lender, then a quick loan can be credited into your account with in 48 hours. In case, you have a pre-approved loan then the process gets even faster. 

  • Online application

Today, you can avail a personal loan in no time, because of the wide range of money loan apps. All you have to do is install the money loan app, and apply for a quick loan. The user-friendly interface, online chat support and on call customer support  makes it very simple and convenient to avail a personal loan.

  • Easy repayment 

Availing a quick loan through a loan app comes with easy repayment options. You can choose the auto-debit option, where the money gets deducted automatically from your account on the scheduled date. You can also opt self-payment mode, the app sends you timely reminders that helps you make timely payments and maintain a high credit score.

Things to Keep in Mind While Applying for a Personal Loan

A quick loan is no doubt the best option to meet your funding needs for the holiday season. But before you apply for the loan, you must know a few things about availing a personal loan.

  • Check your loan eligibility:The eligibility criteria for a personal loan varies from lender to lender. It is recommended that you connect with your preferred lender and and cross check their eligibility criteria.
  • Maintain a good credit score:To get a quick loan, you should have a good credit score. This helps you get easy approval on your loan, secure a lower loan interest and get better terms on your personal loan.
  • Avoid multiple loan applications:Looking at the lucrative interest rates and low processing fees in the holiday season, do not make the mistake of taking multiple loans simultaneously.
  • Apply for a fair loan amount:You should apply for a loan amount that is in sync with your eligibility criteria and your loan repayment capacity. Applying for an amount that is evidently higher than your repayment capacity may result in loanrejection. It is also difficult to bear the repayment burden of a higher loan amount.
  • Check the repayment conditions:Make sure you are well aware of the repayment features of the quick loan that you are applying for. Aspects like interest rate, tenure, EMIs, andloan closure formalities should be thoroughly read and understood.


The holiday season is often the best time to buy aspirational products because of the heavy discounts. It is also the most auspicious time to redocor your home or buy new jewellery.

If you are planning to buy gifts for your loved ones or shop for an upcoming wedding, then you may get some amazing discounts during the festive time. In addition to this, the holiday season also brings you amazing travel offers. Thus, to make the most of these offers without draining all your finances, you may consider availing a quick loan.

Many lenders offer promotional discounts and offers on loan products during the festive time to acquire new customers. However, make sure to do the necessary calculations before applying for a quick loan. You can use an online loan EMI calculator available on money loan app to check your EMI affordability. It is very crucial to have a proper repayment strategy before availing a loan.