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Tata Capital > Blog > Personal Use Loan > 10 Things To Buy This Diwali 2023 With A Personal Loan

Personal Use Loan

10 Things To Buy This Diwali 2023 With A Personal Loan

10 Things To Buy This Diwali 2023 With A Personal Loan

With festivities around the corner, many people have already started preparing a wish list for themselves and Diwali gifts for their families. If you are one of them, read on. While doing so, you may realize you have gone way over your budget, but by applying for a personal loan, you will have no financial worries.

Let's explore some of the unique top 10 Diwali gift ideas you can think about giving your family while taking advantage of available Diwali loan offers.

1. Buy a new home

If you've been longing to buy a new home as a Diwali gift for your family, what better time than Diwali? Diwali, the festival of lights, is an auspicious time to purchase real estate. One of the most significant purchases we make in our lifetimes is a new home; owning a home is also a sign of wealth. Sellers list new properties for sale because real estate professionals believe it to be a lucky time.

All of this presents potential homebuyers with numerous opportunities. You can keep an eye out for good deals and wait until this lucky time to explore your options and discover the most alluring Diwali offers on real estate.

You don't have to worry about the finances as you can apply for a personal loan for your initial down payment if becoming a homeowner is on your bucket list, and you want to feel independent and comfortable returning to your home every day.

2. Gold never goes out of style

 What could be better than gold jewelry as a Diwali gift for your family, especially ladies? Jewelry is incredibly popular in India, and a piece of jewelry is the preferred gift for any special occasion, including weddings and anniversaries.

Furthermore, because Dhanteras is a festival of wealth and prosperity, people buy gold, silver, and kitchenware on this day. As Indians swarm to purchase yellow metal on this auspicious day in the form of jewelry or coins, the demand for gold or silver rises yearly. Gold's price fluctuates constantly, but you don't need to worry because you can go with the personal loan Diwali offer.

If you obtain a personal loan for festivals, current gold prices won't stand in the way of your plans. Doing so can uphold your traditions while making wise gold investments. With various Diwali personal loan offers, you can go ahead with this expensive buy.

3. Renovate your home

Another great Diwali gift idea for your family is to paint your home. It adds a sense of freshness and cheers to your home. Remove the old paintings and replace them with new, colorful ones. It's amazing how changing your walls' colors can completely transform your home's look.

Even if you don't change the colors, a fresh coat of paint will brighten the room. Painting can be done as a do-it-yourself project, but if you're painting the entire house, it's best to leave it to the professionals. There are innumerable ways to decorate for Diwali.

Even after adding up your savings and Diwali bonus, you may still not have enough money to pay for the renovation you want. If that happens, you can always take out a personal loan. Due to the festive season, you can get some reasonable Diwali offers for a loan from financial institutions.

It'll be Diwali soon, so you'll want your house ready at least a few days before the celebration!

4. Purchase your dream vehicle

In India, many still consider buying a new car a luxury. So many prospective buyers, particularly first-time buyers, wait until the holiday season to make their purchases. It is only during the festive season when car manufacturers introduce their new models and launch offers that you can avail of.

Almost every vehicle company offers Diwali bonanza deals to attract customers. If you are thinking of a Diwali gift for your family, a car can be a unique gift for Diwali. But if funds are holding you back from the purchase, don't worry. Simply choose a personal loan Diwali offer and travel in your ideal vehicle.

5. Make your home a smart home

Now that everything is smart, why not make your homes smart too? Adopting a few smart home appliances and connecting them to your phone, voice assistant, or sensors can significantly improve how well your home runs. Simply adding these smart features can completely transform the appearance of your house. Choosing the first smart device from the wide range of options on the market today can be challenging.

However, the cost of acquiring all of these features may be even more taxing. But by taking out a personal loan, you can easily make your home smart without any financial worry.

6. Electronic gadgets

If you are unsure what can be a unique gift for your family, stress not as this Diwali gift idea for a family can be your answer. Every day there is a new gadget on the market. Especially around Diwali, there are so many gadgets that you can choose from. If you have someone in your family who is a fan of the latest gadgets, Diwali is the best time to purchase them.

During Diwali, there are a lot of brands that come with exclusive offers. But if you've set your eyes on DSLR or the latest iPhone, it may create a major dent in your savings. This is where a personal loan comes to your rescue. Various financial institutions have come up with Diwali loan offers that you can opt to purchase these fancy and alluring gadgets.

7. New clothes

Diwali isn't only about sweets and gold. One of the primary requirements of Diwali is to dress in new attire completely. Everyone enjoys dressing in new attire and enjoying the festivities. Additionally, offline and online retail stores offer incredible discounts on clothing that will enable you to expand your wardrobe. If you've used up all of your savings on an electronic device, you might feel like you've hit rock bottom.

Don't frown because this festive season, you can take benefit of Diwali personal loan offers that allow you to buy any brand of clothing you have ever desired for yourself.

8. Go on a luxury vacation

A luxurious vacation is the ideal Diwali gift for a family. Due to their hectic schedules, most people only plan family vacations to far-off locations during the holidays. You can relate to it if you're a working professional.

It's no doubt that a vacation creates memories that are cherished forever, but holiday planning is not that simple. Determining if you have enough money before you travel is essential because holidays are expensive.

If you don't have enough funds, don't cancel your trip just yet. Applying for a personal loan or Diwali loan offers will allow you to visit your preferred location without worrying about your shoestring budget.

9. Get rid of debt

High-cost debts can frequently hurt your finances and impact your monthly budgets because you will use a significant portion of your income to pay off these high-interest debts.

According to the Hindu calendar, Diwali marks the beginning of the New Year, giving people a chance to start over. Consequently, some individuals or families fall back on Diwali loans to consolidate their debt and start over.

You can pay off this expensive debt with a personal loan by making just one payment. Therefore, the best Diwali gift idea for a family is to pay off high-cost debts if you, too, want to surprise your family.

10. Unique gift in the form of silverware

Did you know that in 2021 more than Rs. 9000 crores was spent on gold jewelry and silverware? It is considered auspicious to gift silver during Diwali, making it one of the best Diwali gift ideas for your family members.

Because silver is less expensive than gold, it is more accessible to and popular among ordinary people. During Dhanteras, people all over the nation invest in silver ornaments, idols, or vessels in the belief that silver purchased today will also bring good luck and a lot more fortune for years to come.

Here's a list of silverware that would make a great Diwali gift idea for your family.

  • Silver coin
  • Silver note
  • Silver earring
  • Silver necklace
  • Silver Kada

However, the silver price has risen yearly, making it somewhat pricey. If you want to give this unique gift to your family without burning a hole in your pocket, you can opt for a personal loan. Several financial institutions offer different Diwali loan offers during the festivities.

What's next for you?

This Diwali don't let your inner light flicker. This holiday season, sparkle with jewelry and clothes that genuinely represent "you," and buy unique gifts for Diwali for your family. You can choose a Tata Capital Personal Loan instead of using all of your savings to make these purchases. Tata Capital offers flexible EMI repayment options, quick processing, and disbursal facilities.

Make all your family's wishes come true with Tata Capital.

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