Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Personal Use Loan > Personal Loan for Festive Shopping: Is it a Good Choice?

Personal Use Loan

Personal Loan for Festive Shopping: Is it a Good Choice?

Personal Loan for Festive Shopping: Is it a Good Choice?

There’s no better time of the year than the festive season to put aside your worries and make merry. And a crucial aspect of celebrating festivals is festive shopping! Whether it is buying gifts for your loved ones or treating yourself to something special, there’s a lot to indulge in during the season.

However, since the pandemic, going on a spending spree might not sound like a good idea, but so does losing out on all the festive discounts. If you need ways to finance some big-ticket purchases this festive season, a convenient route is to take personal credit.

Should you take a loan for festival shopping?

Taking personal finance to fund your festive expenses is not a bad idea if you plan your finances well in advance. More so, if you wish to make some significant purchases, such as gadgets and electronics or jewellery. A personal loan can cover all these expenses so that you need not dip into your savings.

However, remember that a loan will last longer than the festive season, and you will have to manage the EMIs for a long time. Hence, financial planning is of the essence when it comes to availing a loan. Especially since it is easy to lose track of budgets and financial plans during the festive season.

Also, consider all the financial offerings and compare different lending institutions before choosing a loan product. Checking your credit score is also critical while deciding to borrow a personal loan for shopping. This will help you get more affordable terms on loan.

Advantages of taking a personal loan for festive shopping

1. No limitation on end usage

Be it shopping for gifts for friends or taking a trip to see your family; no matter your purpose, you can borrow personal credit with ease, and without answering too many questions. So, spend the loan amount any way you want and reduce your financial burden during festivals.

2. No collateral

One of the most significant benefits of personal finance is that you don’t need to worry about pledging collateral as it is an unsecured loan. After all, the stress of putting up a prized asset would surely spoil the festive mood. What’s more, lenders offer these loans without asking for security and generally have a relaxed personal loan eligibility criterion that you can easily qualify.

3. Flexible repayment

Many trusted financial institutions offer flexible repayment schemes that are tailored to fit your financial conditions. With these customised EMI plans, you can relax and leave the stress of repayment till after the holidays.

Moreover, by taking a loan, you can avoid paying a large one-time payment and pay through regular instalments over an extended period, which is more manageable.

Over to you

Don’t let the lack of funds take away your festive cheer. Consider Tata Capital’s personal finance offerings and make the most of this coming festive/sales season. With competitive personal loan interest rates, easy documentation and seamless processing, you can get funds quickly and fulfil all your financial obligations.

So, contact Tata Capital and apply for the loan online today!

Apply Now

Get an Instant Personal Loan for all your needs !

Apply now
Popular Searches
loan without cibil personal loan for 15000 salary Loan for ring small cash loan on aadhar card pre approved personal loan What To Buy On Dhanteras Personal loan when self employed how to increase cibil score form 15g for pf withdrawal how to download aadhar card
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.