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About five millennia ago, good prevailed over evil around this time of the year and the Festival of Lights, Diwali, came into being. Today, we celebrate it with much pomp and delight across the country. An integral part of the Diwali cheer and festivities is decorating our houses, purchasing new clothes for the occasion, and gifting our loved ones something special.


Some Indian families also look to get their home renovated around this time of the year. Getting a home properly renovated in 2021 is a huge undertaking that involves lakhs of rupees. However, since this festival only comes once a year, you can take care of all such commitments with the help of a personal loan and not have to face any kind of a financial crunch. One can safely say that personal loans make gifting during Diwali fairly easy.


As happens to be the case, gifting on diwali is made easier by the banks with their myriad of personal loan offers for borrowers. This Diwali, one must try to overcome their financial constraints with the help of an instant personal loan. This article is all about the reasons why one must consider taking a personal loan this Diwali. If the borrower applies for a personal loan from an aggregator portal such as Bajaj Markets, they can be assured of the following services from the get go. Read on to know more!

Features and Benefits of Availing a Personal Diwali Loan

  • Tailor-Made Offerings: No matter what your financial need looks like at the moment, Bajaj Markets comes up with a range of offerings for you. The personal loans can also be used for a host of purposes such as Diwali gifting or that long-overdue home renovation, among others. A borrower can avail a personal loan of up to ₹25 lakh. It will, however, be dependent on variables such as the likes of your income, credit scores and repayment capacity, among others.

  • Near-Instant Approval and Quick Disbursal: As someone who is applying for a loan through Bajaj Markets, you can have your personal loan application approved within 24 hours. This means that you would get to use the loan amount within one working day. However, it must be noted that the same is possible only if you meet the income criteria, have a good credit score, and provide the essential documents in line with the eligibility requirements.

  • Flexible Repayment Tenor: Notablythe repayment tenor is highly flexible as well. It stays within the range of 1 to 5 years. Such a form of flexibility allows the borrower to pay off their personal loan without feeling burdened.

  • No Collateral Required: personal loans, as is known to many, are unsecured in nature. This virtue of the personal loan essentially translates to the fact that one will not have to pledge a collateral/asset in order to support their personal loan application.

  • Foreclosure Costs are Minimal: If one decides to exit the debt ahead of schedule by foreclosing the personal loan account, they will incur minimal foreclosure charges. Lenders associated with Bajaj Markets are quite flexible in that sense, especially when it comes to topics such as associated charges, which makes the experience highly appealing. One must try and apply for a Diwali Loan through Bajaj Markets now!

In addition to the above points, some lenders may offer better deals on interest rates during Diwali. This essentially translates to more interest savings for the borrower. Now that we have taken a look at the various features of a personal loan, provided they have been applied for through Bajaj Markets, let us take a look at some of the ways in which a Diwali Loan can make life easier for the borrower.

How to Use a Diwali Loan for Festive Essentials?

  • Invest in gold on Dhanteras: The first day of Diwali, Dhanteras is celebrated by purchasing silver, gold, and other precious metals either in the form of coins or ornaments. Hindus consider Dhanteras to be the most auspicious day to invest in bullion. It is due to this reason that if one feels that they are running short of funds, a Diwali personal loan would surely be the best way for you to buy gold this Dhanteras.

  • Upgradation of furniture and home appliances: This Diwali, you can also look to upgrade the furniture and give your house a dazzling new look. A Diwali Loan can be practically used for anything, from buying a refrigerator to a smart TV, or maybe even a dishwasher and a washing machine. Given that such tasks also require lakhs of rupees in order to do it right, Diwali offers on personal loans may just be a savior by easing the financial load off your shoulders.

  • Clear off old debts: Diwali is also known as the festival of new beginnings. Hence, some individuals or families prefer taking a Diwali Loan. Why? A single Diwali Loan can help clear all credit card dues and close old debts. The same would essentially give them a fresh start.

If you would like to learn more about personal loans and other forms of credits, or, if you even want to apply for a Diwali Loan, you can do so on Bajaj Markets! 

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