5 MinsNovember 12, 2021
The onset of the festive season sets our minds to wander off in a myriad of ideas, be it the different plans for home improvement, bringing in that big ticket item to commemorate the festivities or may-be even a vacation or honeymoon plan to follow
the upcoming wedding season!
However, all these plans involve a very real and at times discouraging financial cost. Even if you have accumulated savings/investments to cover for them the thought of dipping into them or using them entirely may confound you. Well now, there’s
a simpler and even more affordable way to realize your festival plans without dipping with your savings account.
For a limited period – till November 20th, 2021 -- Axis Bank has a special offer on its Personal Loans. It is offering these festive period personal loans starting at 10.25% p.a.!
A personal loan is a collateral-free loan and is one of the easiest ones to get avail. It involves minimal documentation as it is approved based on your credit score and income statements. If you are pre-qualified, then the application process
is simplified even further.
With Axis Bank you can apply for a personal online, in which case the approval usually takes just a few minutes. Or you can apply for a personal loan easily by visiting a bank branch, where the bank’s relationship manager can help you with
the application process. Once the documents for your identity and address proof are verified and approved, the loan is disbursed immediately.
These features make a personal loan the go-to loan in case of an urgent need for funds.
Quick approval:
As mentioned earlier a personal loan is one of the easiest ones to be approved. Since it is collateral-free, you don’t have to wait for the valuation of the asset for the loan to be approved. All you have to do is submit your income statements
and KYC documents such as license, PAN, Aadhaar, etc. If you meet the bank’s conditions, the loan is approved in no time.
For instance, Navin from Guwahati is planning to move into his new flat though he still needs to buy new furniture and home appliances. He is planning to take a personal loan because he knows he will get the funds quickly and his home will be
ready soon.
No condition for the end-use:
Loans such as home loans, auto loans, education loans, consumer durable loans, etc, come with a condition attached. They can be used only for the purpose they have been availed for. For instance, a home loan can only be used to buy a residential property, and a bank will only disburse it to the seller or the builder. Similarly, an auto loan can only be used to buy a car or a two-wheeler. Again, the bank will
only pay the car loan or two-wheeler loan to the seller, generally the auto dealer. Or an educational loan is disbursed directly to the educational institute.
As against this, a personal loan has no such restrictions. It can be availed of for any purpose, other than speculative purposes. That is why Ravindra, whose daughter is scheduled to
go to Canada for further studies, is taking a personal loan for the additional funds required for travel and other expenses.
[Also Read: 5 Tips to Make the Most of Your Personal Loan]
Easy to repay:
When availing of a personal loan you can select the EMI and tenure as per your budget. This will make it possible to repay the loan without undue pressure on your budget. Hence you avail of the loan now and
repay it later at your convenience. You don’t need to settle for less for want of funds.
That is why Yamini from Hyderabad is availing of a personal loan for a long-cherished holiday to Sikkim. That is also why Charles and Linda, who are getting married in November, are planning to take a personal loan for their celebrations.
These are but four examples out of thousands. Whatever your financial need, an Axis Bank personal loan will help you fulfil that. Axis Bank offers personal loans with tenures ranging from 12-60 months. You can borrow from Rs. 50,000 to upwards
of Rs. 15 lakh.
And with its latest, limited period festive season offering of personal loans starting at 10.25%, Axis Bank has made such borrowing even more affordable. Just remember the offer lasts only till November 20th, 2021. So, don’t delay fulfilling
your dreams.
To know more about this limited period festive season offering, click here. Calculate your EMI (Equated Monthly Installment) with Axis Bank’s personal loan EMI calculator.
