Most known banks and financial institutions announce lucrative offers during the festive season. Whether a public or private sector, all institutions take advantage of the times to put out cheap loans. There is an exponential spike of sales during these times. It is a smart technique of low interest rates by banks to get more and more customers on boarded at the earliest. Festival loans are the best selling variant of personal loans. It is the most likeable form of loan for people who demand a small amount and are capable to repay on time. This is also the category of individuals who do not like interest liabilities at very high rates, imposed by all prominent financial institutions.
Maximum Loan offered by Banks for Festival Loans:
Home Credit India offers tailor made packages for your rejoice during the festival season. Festival loans are offered starting from ₹10,000 to a maximum of ₹5 lakhs. Festival personal loans are generally restricted to 51 months for best use. The installments are the most convenient way to make repayments on time. EMIs are basically Equated Monthly Installments. Here, the loan amount is smaller than usual and repayments shorter than typical personal loans.
Process of Instant Personal Loan Application:
Interested borrowers can simply log on & fill up an easy online application form. There is zero processing fee charged on the application compared to other banks and institutions. Banks generally charge minimal amount as a processing fee indifferent to the loan amount per say.
Important documents Required for Festival Loans:
For Individuals:
- Pan Card
- An address proof (Aadhaar Card)
- An active net banking facility linked to the savings account
Your festival personal loan limit is essentially fixed by the salary you earn and how soon can you pay back. The minimum amount of the Loan is ₹10,000 and maximum amount of the loan is ₹5 lakhs.
You know it’s the festive season when you have a long list of items to purchase and you’re clueless about finances to support. This is some way you can ruin your celebrations that was due!
Avail of Home Credit Personal Loan and bring back your zest and fervor. Hurry up and choose what suits your pocket the most! Gifts, sweets, home appliances are awaiting you.
Home Credit sponsors a festival loan to help you afford a volley of festivities without hesitation of expenses to convert into happiness.
Enjoy the Merits of our Personal loan:
- 0-5% processing fees
- Easy EMIs
- Competitive rates of interest,
- No hidden or administrative charges.
- Minimum documentation to avoid lengthy hassles/ paperwork
The purpose of the such a festival personal loan is to meet all expenditure on festivities.
Eligibility Criteria for Personal loan
You are eligible to avail a Festival Loan if you are:
- Be an Indian citizen aged between 18 and 60 years.
- Have valid ID proof and current address proof.
- Be employed, self-employed, or a pensioner.
- Maintain an active bank account.
- Ensure a minimum 90-day interval between two Home Credit loan applications.
- Demonstrate a monthly household income exceeding ₹25,000. “Household” refers to an individual family unit comprising a husband, wife, and their unmarried children.
- Need to be an existing customer of Home Credit (should have availed Ujjwal EMI Card/ Consumer Durable Loans/ Personal Loan/ Flexible Personal Loan in the past).
Your instant loan limit is fully based on what you earn and how soon you repay! Choose Home Credit for your ideal personal loan.
