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The festive season is a time of joy, celebration, and often, increased expenses. From lavish gifts to elaborate decorations, the costs can quickly add up. While it is tempting to dip into savings, there is another option worth considering: a personal loan.
Baja Finance Limited offers personal loans that come with a host of different features, making them an appealing choice to cover festive expenses. Check your offer in just 2 steps and apply online to get our loan.
Personal loan for festive expenses
Bajaj Finance Limited extends personal loans designed specifically for festive expenses, offering financial flexibility to celebrate joyous occasions without compromise. Our loan features hassle-free personal loan application processes and quick disbursals, enabling individuals to meet diverse festive needs promptly. Whether it's purchasing gifts, organising events, or covering travel expenses, our loans provide the necessary financial support to make festivities memorable. With attractive personal loan interest rates and customisable repayment plans, Bajaj Finance ensures affordability tailored to each borrower's financial situation. Our customer-centric approach and transparent terms make us a trusted choice for managing festive expenditures, ensuring uninterrupted enjoyment during special occasions.
Benefits of getting a personal loan for managing festive expenses
Here are five compelling reasons why opting for a personal loan for festive expenses can be a wise financial decision:
High loan amount
One of the primary benefits of choosing a personal loan for festive expenses is the ability to access a substantial amount of funds. Unlike other forms of credit, which often have predetermined credit limits, personal loans offer more flexibility in borrowing. Depending on your creditworthiness and financial history, lenders may approve you for a higher loan amount.
Bajaj Finance offers personal loans ranging from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.- Easy application process
You can apply for a Bajaj Finance Personal Loan online and receive approval within minutes. The disbursal of funds to your account happens swiftly, often within 24 hours* of loan approval. This convenience makes personal loans an attractive option for those seeking quick access to funds during the festive season.
- Flexibility with regard to using the loan amount
If you are looking for a personal loan to cover festive expenses, consider the Flexi Hybrid Loan option offered by Bajaj Finance Limited. This option offers the flexibility to withdraw only the amount of money you need at different times, with the remaining balance available for future use. You will only pay interest on the amount you withdraw, which can help keep costs down. Additionally, the Flexi Hybrid Loan option lets you pay interest-only EMIs during the beginning of the loan tenure. This loan option also allows you to withdraw, repay, and re-withdraw funds as needed, with the ability to make pre-payments when extra funds become available.
- Convenient repayment tenures
Personal loans also offer flexible repayment tenure options. You can choose a repayment period that suits your financial situation, whether you prefer shorter terms for quicker repayment or longer terms for lower monthly payments. Bajaj Finance provides flexible tenures ranging from 12 months to 108 months. You can use a personal loan EMI calculator, compute your EMIs as per your budget and choose the tenure that is most convenient for you based on your repayment ability.
- No collateral required
Unlike secured loans that require collateral, such as your home or car, personal loans are typically unsecured, suggesting that you do not need to put up any assets as security. This reduces the risk associated with borrowing money, giving you peace of mind knowing that your assets are not at stake.
All of these reasons make opting for a Bajaj Finance Personal Loan for festive expenses a wise financial decision.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000