Holi is one of those Indian festivals that is now widely celebrated around the world. From having delicious sweets to playing with vibrant colours, Holi sets the vibe for everyone. But, while you have fun and create beautiful memories, it is also essential to consider that Holi comes with various expenses. These expenses can quickly add up and create financial stress. Now, who wants that? No one. So, what’s the solution? Personal loans!
A personal loan can be your lifejacket in exploring the sea of expenses that comes with planning a Holi celebration. Read ahead to learn more.
Why Do You Need a Personal Loan for Holi?
From adults to children, everyone is equally excited about Holi. This is probably the time of year when you might forget to track your calories. Yet, in the midst of all this enthusiasm, there are many who wish to throw a party or organise festivities but find themselves unable to do so. The reason? Limited finances. This is where an online loan can help you fulfil your wishes. Online loans can give you quick financial assistance, which can help you finance your celebrations, giving you the breathing room to celebrate freely.
Smart Ways to Celebrate Holi on a Budget with a Personal Loan
Now that you know how a personal loan can help ease the financial strain of Holi, let’s explore some budget-friendly celebration ideas:
Decorations
Instead of organising a grand Holi party, you can host a small one at your home. You can use simple DIY materials to decorate and make your home Holi-ready. This will help you save a lot of money while enjoying the essence of Holi.
Holi Colours
Nowadays, you can find a lot of organic colours that might be expensive. Instead, you can make your own colours using simple ingredients like turmeric, beetroot powder, and flour. This will not only help you save money but will also be gentle on your skin.
Food Items
Holi is all about the excitement of getting to eat Gujiyas and having Thandaai. But these can also be quite expensive, especially during the festive time. An alternative can be to make them at home instead. This will help save money and also give you some quality time with your loved ones.
Holi doesn’t always have to be a grand affair to be memorable. The above ways will help you save on your celebrations. However, if you are someone who wants to stand out and be that cool party host, then you can apply for personal loans.
For this, take a moment to evaluate your celebration needs and costs. Start by making a list of what you want, such as colours, party supplies, food items, DJ, game props, and more. This will help you get a clear picture of how much you need to borrow. Then, find a trustworthy loan app and apply for an amount that you can comfortably repay. Once you have submitted your application, you will get approval and receive the amount in your account. Make sure to repay the loan timely to avoid any penalties associated with late repayments.
How to Find the Best Personal Loan?
Once you’ve decided that a personal loan is the way to go, the next step is finding the right one for your needs. Here’s how you can make sure to make an informed decision:
Check Eligibility Criteria
Ensure you meet the eligibility criteria for the loan, such as income level, credit score, and employment status, to avoid unnecessary rejections or delays.
Compare Interest Rates
Different lenders offer different rates for personal loans, so it’s important to make a comparison. Even a small difference in rates can have a big impact on the total amount you repay over time. So, don’t make a hasty decision.
Check Loan Terms
It is crucial to check the terms of your online loan. Make sure to read the fine print to get a clear understanding of the repayment period, flexibility, and penalties for late payments.
Read Customer Reviews
Research customer experiences with different online loan apps. Reviews can give you insight into their customer service, loan approval time, and transparency in dealing with charges.
Evaluate Loan Amount and Flexibility
Make sure that the loan amount offered suits your needs and that the lender provides flexibility in adjusting the loan amount or repayment schedule if necessary.
Wrapping Up
Holi is a time to let loose and enjoy, but that doesn’t mean your finances should take a hit. A personal loan can be the perfect solution to balance your celebration costs and help you plan a budget-friendly festival.
The True Balance loan app is a hassle-free and user-friendly digital application that offers a seamless procedure. You can borrow up to ₹2 lakh with a low interest rate of 2.4% per month, contributing to your budget. Its longer repayment terms enable you to select a tenure that aligns with your financial situation without imposing undue stress. Furthermore, True Balance includes foreclosure options, permitting early repayment of the loan without incurring any penalties.
This Holi, take charge of your finances with the True Balance loan app.
