instant loan to buy a gift for sibling

Instant Loan for Raksha Bandhan

April 22, 2024 • 783 views

Make your sibling’s Raksha Bandhan memory unforgettable, and gift them something they will always cherish with the help of a Personal Loan for gifting. We have curated a list of top 5 Raksha Bandhan gifts just for you. Take a look!

Top 5 Raksha Bandhan Gifts for Your Sibling

Here is the list of gifts you can choose from:

1. Vacation

Who doesn’t want to go on a beautiful vacation? This is the time to gift your sibling their ticket to vacation and strike out the place that has always been on their bucket list. Make sure that you select something your sibling would love to visit.

2. Watches

It is a classic present that your sibling will treasure for a very long time. There are several styles to select from, including sports, digital, and analogue. Select a timepiece that complements your sibling's fashion sense.

3. Two-wheeler 

Nothing is better than adding speed and convenience to their day-to-day life. Gift your sibling a new two-wheeler to make their life easier. Make sure you select one after doing a thorough check.

4. Funding Education

Education is the most powerful thing in the world. Gift your sibling the power of knowledge by funding their education and helping them reach their life goal.

5. Electronics

In this tech-savvy world, where technology keeps upgrading, update your sibling’s gadgets by gifting them the latest one.

Benefits of Taking a Personal Loan for Gifting

Here are the top benefits of getting a Personal Loan for gifting:

  • Collateral Free

Instant Personal Loans are unsecured in nature. Meaning you don’t have to pledge collateral to get an Instant Loan.

  • Flexible Repayment Tenure

An Instant Loan offers flexible repayment options. You can select a repayment window that aligns with your requirements and repayment capacity. With Poonawalla Fincorp, you can select a repayment tenure of up to 36 months.

  • Minimal Documentation

Securing an instant Personal Loan is easy as it requires only a few basic documents; it may include your KYC document, address proof and income proof.

  • Easy Process and Quick Approval

One of the greatest benefits of an instant personal loan is that the application process is easy and involves only three steps. Once you have applied, your details will be verified, and the loan will be approved quickly.

  • No End-usage Restriction

There is no end-use restriction for gifting; you can gift anything you want to your sibling.

Eligibility Criteria and Documents Required

 Here are the eligibility criteria and documents required to apply for an Instant Loan:

Eligibility Criteria for an Instant Loan

  • Age: The age of the applicant must be between 22 to 57 years.
  • Citizenship: Must be an Indian citizen.
  • Employment: The applicant must have a full-time job at Central Govt, PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP, or companies listed internally.
  • Work Experience: The applicant must have at least 1 year of job experience and at least 1 month of stable employment at the current job.
  • Monthly Income: The monthly net take-home salary of the applicant must be at least Rs.30,000.

Documents Required for Instant Loan

  • KYC Documents: KYC Documents, such as PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
  • Current Address Proof: The applicant must submit the current address proof, which includes - Passport/ Utility bills/ Rent Agreement.
  • Financial Documents: Applicants must submit financial documents, such as Bank Statement for the last 3 months.
  • Employment Proof: Official mail ID confirmation /Employee ID Card (in case official mail ID confirmation is not possible

Also Read - How Technology Is Helping Easy Access to Personal Loan 

How to Apply for an Instant Loan?

You can apply for an Instant Loan in 3 easy steps:

  • Step 1: Click on the ‘Apply Now’ button.
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan amount will be credited to your bank account instantly.

Also Read - Get Instant Personal Loan in Minutes - Guide to Apply it Online

To Conclude

Raksha Bandhan is the perfect time to make your sibling feel extra special without breaking your savings. From vacations and watches to education, there are plenty of options to choose from. Make your sibling’s dream come true with an Instant Loan. So, what are you waiting for? Apply now!

Disclaimer

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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