08 MARCH, 2022

The festive season has arrived, and you should be concerned with the effects that it will have on you: new clothes, decorations, presents, house renovations and other large-ticket expenditures. Your inbox may already be filled with bank 'festival deals.' Festive loans are personal loans given at lower interest rates.

Four Advantages of Using a Personal Loan to Finance Your Festival Shopping

Given that such celebrations might go on for days on end, you will need a large amount of money to cover the numerous costs that will arise. Because this might place an excessive burden on your funds, it's advisable to apply for a personal loan and save yourself some money.

  • Easy Application Process: Given that festivals are the peak season of the year, you do not prefer to add tiresome loan paperwork to your schedule. Thankfully, whenever you request a personal loan from an institution, you may do so without difficulty. All you must do is satisfy the requirements and apply online.


  • No collateral: The fact that a personal loan is unprotected is a significant advantage. This suggests you may avoid the trouble of surrendering an asset. The overall amount you get is determined by your financial circumstances and the bank's lending limits. Furthermore, there are no spending restrictions on this amount, so you may utilize it to fulfill any financial commitments you may have throughout the festive period or elsewhere. You can utilize a personal loan to make vacation plans, purchase domestic appliances, or purchase presents for relatives and friends, among other things.


  • Quick disbursement: Because a personal loan does not require a collateral, you can receive immediate authorization; this helps you plan ahead of time and guarantees that nothing will interfere with your festivities. At Kotak Mahindra Bank, you can avail personal loans with rapid disbursement.


  • Flexible repayment tenure: The nicest aspect about taking out a loan to cover your holiday costs is that there is no urgent financial obligation to worry about. You can return the entire amount over a customizable period based on your ability to pay. This implies that you can choose a shorter duration if you want to be debt-free faster or a lengthy duration if you want to maintain EMIs to a minimum.

When Is a Festive Season Personal Loan Appropriate?

Obtaining a personal loan to cover your festival expenditures is not a bad idea provided you prepare ahead of time. It can be useful for large purchases such as gadgets.  Such loans could also be used to help with good house improvements. Make sure to consider the above aspects that can make funding your requirements during the festive season hassle free and apply for a personal loan, today.

Latest Comments

Leave a Comment

200 Characters

Related Information

Read Next


Top 5 Parameters That Determine Your Personal Loan Eligibility


Here’s How You Can Manage Your Finances with A Personal Loan EMI Calculator


Avoid Rejection of Your Personal Loan By Knowing These Eligibility Tips!

Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.