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What is the Right Time to take a Personal Loan

By Finserv MARKETS - Apr 27,2019
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Money is needed for almost everything in our lives – for basic survival, to live a good life, to travel anywhere or for fulfilment of one’s desires. Everything surrounding us is dependent on each other and that’s the kind of symbiotic relation society shares. While it is good to aspire things, it is not advisable to put ourselves through strain just to live our dream. Any monetary decision should be taken wisely and when it comes to debt it is better to be safe than sorry.

Even though personal loans are flexible and accessible, one should only use it when needed. They are meant to help people out during extreme situations and not lead to financial burdening because of an impulsive decision. Therefore, opt for personal loans, only if:

You need funds for vacation

A mundane lifestyle deserves a break. After working hard and dealing with stress for days, a vacation is much needed for anyone who is leading the modern home to office lifestyle. A vacation not only rejuvenates us but also gives us the much needed break our body and mind deserve. A cash crunch while planning a vacation shouldn’t play spoilsport. At Finserv MARKETS, you can avail Bajaj Finserv Personal Loan of up to 25 lakhs, which will take care of all your travel expenses.

Wedding expenses                                                                      

Weddings in India are massive to say the least and require a substantial amount of funds. You can avail a personal loan to meet wedding expenses. Depending on the income of the borrower, banks offer up to 25 lakhs for such occasions.

Clear existing debts

We live in a time where people have not one but multiple personal loans. Instead of paying so many EMIs in different places for different loans it is better to go for one personal loan and finish all the debt in one go. It is advisable to take a lumpsum amount as a personal loan and keep only one EMI monthly that would work towards clearing the personal loan. This way the credit score also remains unaffected and the magnitude of interests and debt become less.  

Medical Emergency

Everybody wishes to avoid medical emergencies but it is inevitable. Healthcare in India comes with a cost. Insurance cover medical emergencies but to a certain degree. At times, people even exhaust their savings in the pursuit of catering to a disease. In such cases, the go to option again is a personal loan as there is no defined medical loan yet in the country.


Education is essential, wanting to receive quality education is an excellent aspiration to have but they are expensive. Not every bank/NFBC offers education loans. They come with a price and often with stricter rules. Therefore, personal loans!

Home Renovation

Everybody wants a warm and cosy home with the best amenities. Unfortunately, such thing comes at a price and so does decorating your home. One may want to get better furniture, change appliances or redo the interiors at home. For everything, money is essential. Since there are no loans for such expenses, personal loan is the go to option in this case too.

So, if you are looking financial support, Finserv MARKETS is here to help. With us, you can apply for a Bajaj Finserv Personal Loan in the easiest, quick and hassle-free way. What’s more? You can take advantage of a plethora of feature and benefits like hybrid flexi loans, customized offers etc. right from the comfort of your home. So why wait? Head over to our website and apply for a personal loan online with us, today!

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!



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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522