Why personal loans are popular during festivals

Festivals have an associated cost of new clothes, gifts, travel, home decor, and entertaining visitors. While these costs add to the celebration during the season, they can be a cause of financial stress if not budgeted for. Personal loans are becoming increasingly popular for festival spending as they are unsecured, easily available, and disburse rapidly. Since the majority of lenders offer seasonal deals, the borrowers get to borrow at favourable interest rates, which is an effortless source of finance.

Simple availability and flexible usage

Unlike all other loans, personal loans don't require any collateral, hence are available to borrowers of every kind. Banks and fintech portals now provide instant approval, which means that the mon

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