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!
