banner image easy gifting this diwali with a personal loan

Easy Gifting this Diwali with a Personal Loan

October 06, 2023 • 1490 views

Diwali, the Festival of Lights, is a cherished celebration both in India and around the world. With homes adorned with colourful lights, diyas, and exquisite decorations, the spirit of Diwali envelops everyone in an atmosphere of warmth and togetherness. While the joy of giving and receiving presents is incomparable, the associated expenses can sometimes be overwhelming. 

To manage these overwhelming expenses and make Diwali truly memorable, a Personal Loan or Diwali Loan can be a lifesaver. It is a type of holiday finance that helps you manage your Diwali spending without any financial stress. With trusted companies like Poonawalla Fincorp, you can avoid the stress of high-interest rates, making your Diwali celebrations even more enjoyable and memorable.

Smart Ways of Gifting with a Festive Loan

Here are some of the best ways you can use a Diwali Loan to gift your friends and loved ones this festive season

  • Get a Home Renovation: Transform your home with a Personal Loan for home renovations this Diwali. Elevate your living space and create lasting memories with your family.
  • Consider Thoughtful Gifting: Spread joy and goodwill with thoughtful gifts this Diwali. Your Diwali Loan can help you gift personalised and sustainable presents to your friends and family.
  • Gadgets and Appliances: These days, you can find the latest gadgets on EMI easily with the help of Small Personal Loans. With this type of Diwali Loan, you’ll be able to purchase different products like home appliances on EMI without any hassle.
  • Upgrade Your Furniture: Invest in comfort and convenience by upgrading your home furniture. Simply get furniture on EMI from your chosen shop or home furnishing store with a Diwali Loan and enhance the comfort of your family.

Features and Benefits of Availing a Personal Loan for Diwali

  • Streamlined Application Process: Most lenders offer a user-friendly application process. You'll typically need to provide basic personal and financial information. The documentation requirements are minimal, making the process smoother.
  • Fast Disbursement of Funds: Once your loan is approved, the funds are disbursed quickly. This ensures you have access to the money you need well in advance of Diwali, allowing you to plan and shop without any last-minute rush.
  • No Collateral Required: Diwali Loans are unsecured, which means you don't need to pledge any collateral. This eliminates the worry of losing valuable assets if you face difficulty repaying the holiday finance instalments.
  • Flexible Repayment Options: Online Personal Loans offered by NBFCs like Poonawalla Fincorp come with flexible repayment terms. This enables you to choose a repayment schedule that fits your budget.
  • Tailored to Your Budget: You can borrow an amount that aligns with your Diwali budget. This ensures you have the necessary funds for festivities without overextending your finances.

Why Choose a Personal Loan Over a Credit Card for Diwali Shopping?

While credit cards are a common choice for financing Diwali expenses, Personal Loans offer several advantages that make them a smarter option. Here are some of the top reasons why you should opt for a Personal Loan over a credit card to manage your expenses

  • Lower Interest Rates: Personal Loans generally come with lower interest rates compared to credit cards, reducing your overall cost and making them cost-effective for festive spending.
  • Structured Repayment: Personal Loans have fixed repayment schedules, helping you plan and budget your payments effectively. This structure prevents falling into the revolving debt cycle often associated with credit cards.
  • Higher Loan Amounts: Personal Loans typically offer higher loan amounts than credit card limits, ensuring you can meet all your festive needs without limitations.
  • Fixed Terms and Conditions: Personal Loans provide transparent terms and conditions, ensuring you have a comprehensive understanding of your financial commitment.

Tips for Smart Diwali Gifting with a Personal Loan

Now that you understand the benefits of using a Personal Loan for Diwali gifting, here's how you can plan your gift shopping responsibly

  • Set a Budget: Determine how much you want to spend on Diwali gifts and create a budget. This will help you avoid overspending and ensure you can comfortably repay the loan.
  • Make a List: Create a list of recipients and their preferences. Having a clear idea of what you want to buy for each person will help you stay focused and organized while shopping.
  • Compare Loan Offers: Research different banks and financial institutions to find the best Personal Loan offer that suits your needs. Look for competitive interest rates, low processing fees, and favourable terms.
  • Apply Early: Don't wait until the last minute to apply for a Personal Loan. Applying early will give you enough time to receive the funds and shop for gifts without any stress.
  • Shop Smart: Look for deals, discounts, and offers during the festive season. Many retailers and online stores offer special Diwali discounts, which can help you maximize your gifting budget.
  • Consider Digital Gifting: In the age of technology, digital gifts like e-gift cards, subscriptions, and online experiences can be a thoughtful and budget-friendly option.
  • Add a Personal Touch: Personalize your gifts to make them unique and thoughtful without overspending. This adds a special element to your presents.


This Diwali, celebrate the festival of lights with unmatched joy and convenience by opting for a Personal Loan or a Diwali Loan. It's your gateway to a festive season filled with happiness, lavish gifting, and memorable moments. With this type of holiday finance, you can embrace the true spirit of Diwali – the joy of giving – and spread happiness without worrying about your budget.

At Poonawalla Fincorp, we are here to assist you in making your Diwali celebrations memorable and grand. Apply for a Personal Loan today and let us help you make this festive season truly magical. Happy Diwali!


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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