“Important Information on the Company name change to L&T Finance Limited (formerly known as L&T Finance Holdings Limited)"Click Here

“Important Information on the Company name change to L&T Finance Limited (formerly known as L&T Finance Holdings Limited)"Click Here

“Important Information on the Company name change to L&T Finance Limited (formerly known as L&T Finance Holdings Limited)"Click Here

“Important Information on the Company name change to L&T Finance Limited (formerly known as L&T Finance Holdings Limited)"Click Here

Manage Your Festive Expenses with a Budget-friendly Personal Loan

Jan 5, 2024

4 min. Read


Authored By: L&T Finance

Manage Your Festive Expenses with a Budget-friendly Personal LoanPLANET

Festivals are such an integral part of being Indian. Everyone comes together to celebrate the beauty of life. It’s a moment to take a break and cherish the well-deserved rewards of your diligent efforts and dedication. With so many great offers and sales everywhere, it's time to make the most of it and shower your loved ones with gifts and bring joy, happiness and celebration into your life. The festive season, while a source of immense delight, can sometimes exert considerable strain on one's financial resources. However, you need not feel constrained during any festival, for there exists a viable solution in the form of a personal loan. Whether your aspirations encompass home renovation or purchasing home essentials, choosing an instant personal loan can prevent the need to deplete your hard-earned savings to ensure a more unrestricted and extravagant celebration anytime of the year.

L&T Finance offers a unique opportunity for enhanced financial flexibility through customised personal loan offerings. When borrowing from PLANET App by L&T Finance, you can seamlessly initiate your personal loan application online, ensuring swifter disbursal and the added convenience of a completely paperless transaction. What's more, this personal loan facility is not confined to any particular employment category, as both salaried and self-employed individuals are eligible to apply. L&T Finance Personal Loan does not necessitate submitting any collateral.

If you are contemplating whether a personal loan is the right financial decision for your needs, here's a list of their benefits.

High Loan Amount with No Collateral

An advantage of opting for a personal loan during festivals is the accessibility to a considerable loan without the obligation to provide collateral. In contrast to secured loans, which mandate the provision of collateral as a safeguard for the lender, a personal loan is categorised as an unsecured loan, which implies that you are not required to pledge any collateral or assets to secure the loan. This nature of personal loans empowers you to get a loan amount of up to Rs. 15 lakhs, which is a sizable sum capable of effectively addressing and meeting many of your financial obligations and aspirations during the festive season.

Quick Approval with Online Application

Gone are the days of enduring long and tedious waits in queues for the approval of your loan application, especially during the bustling festive season. L&T Finance recognises the value of your time and the urgency of your financial needs, which is why, with a few clicks, you can apply for a personal loan from the ease of your home. Since the loan is unsecured, the approval process becomes shorter. As long as you meet the requisite personal loan eligibility , you can anticipate a swift and hassle-free disbursal of the loan amount, ensuring that you have access to the funds you need without delay.

Flexible Personal Loan Interest Rate and Tenure

L&T Finance offers personal loans at a great personal loan interest rate to borrowers. To make the process even more transparent and tailored to your specific requirements, you can utilise the user-friendly EMI calculator provided. This tool empowers you to determine the optimal loan amount, tenure, and corresponding interest rate, allowing you to customise your EMI to align with your unique festive financial goals and obligations. Repay the loan easily, as you can select your EMI tenure to pay your monthly instalments comfortably.

Festive seasons are filled with surprises, and a personal loan can help you finance some of the unexpected expenses you may face. Enjoy your holidays without worrying about your finances. L&T Finance can help you light up your festivities with a personal loan at low interest rates.

Here's a list of the eligibility requirements before applying for the loan:

• The applicant must be a citizen of India
• The age of the applicant must be between 23 and 58 years
• Salaried and self-employed professionals can apply for a personal loan
• No collateral is required
• The applicant must provide a valid ID proof
• The applicant must provide a valid address proof

Things to Consider Before Taking a Personal Loan:

Before applying for a personal loan, remember to check a few essential factors.

Calculate Debt-to-income Ratio

Assess your current financial commitments to ensure you can comfortably accommodate the loan repayment within your income.

Create a Repayment Plan

Have a backup repayment plan ready in case of unexpected financial setbacks to ensure timely loan repayment and avoid any financial strain during the festive season.

Enjoy the festive season with L&T Finance and gain access to personal loans with low interest rates and fixed repayment terms that require no collateral. What are you waiting for? Open the PLANET app and apply for a personal loan!

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