Ganesh Chaturthi, one of India’s most vibrant and cherished festivals, is a time of joy, devotion, and celebration. Dedicated to Lord Ganesha, the remover of obstacles, also known as Vighnharta, this festival brings communities together with elaborate decorations, delicious sweets, and grand processions.
However, the Ganesh Chaturthi celebration often comes with a hefty price tag. From pandal decorations to prasad offerings, the expenses can quickly add up, putting a strain on your finances. This is where a personal loan can be a smart financial tool to help you manage these expenses without compromising on the festive spirit.
The Financial Demands of Ganesh Chaturthi
Ganesh Chaturthi is celebrated with enthusiasm across India. People wait the entire year to bring Ganesh Ji home. Organising community pandals or hosting festivities at home are quite common but can also be expensive. Let’s take a look at the common expenses:
- Pandal and Decorations: Setting up a pandal involves costs for idols, flowers, lights, and thematic decorations. Even a modest setup can cost thousands of rupees, while larger community pandals may run into lakhs.
- Prasad and Sweets: No Ganesh Chaturthi is complete without delicious modaks, laddoos, and a variety of traditional sweets that are lovingly prepared as offerings to Lord Ganesha.
- Pooja Materials: From incense sticks to coconuts, betel leaves, and other ritual items, the cost of pooja essentials can accumulate quickly.
- Clothing and Jewellery: New clothes and accessories for family members or for offering to the god are a common tradition, adding to the festive expenses.
How Can a Personal Loan Help You Make the Most of This Festival?
A personal loan is an unsecured loan that doesn’t require collateral, making it accessible to a wide range of borrowers. They can be used for several purposes, from organising festivals to covering unexpected expenses. Here’s why a personal loan is ideal for Ganesh Chaturthi:
Instant Access to Money
One of the biggest advantages of a personal loan application is the speed at which you can receive the money. The application and approval process is often quick, especially with online lenders. You just have to personal loan apply and get the money in minutes without delay.
Flexibility of Use
Unlike some other types of loans that are meant for specific purposes, a personal loan offers you the flexibility to use the money for any Ganesh Chaturthi-related expense. Whether it’s booking that grand idol, purchasing decorations, stocking up on sweets, or even covering travel costs, the choice is yours.
Manageable Repayment Options
Personal loans usually come with flexible repayment tenures. You can choose a repayment period that suits your financial capacity, ensuring that the monthly installments are manageable and don’t disrupt your regular budget in the long run.
Improved Budgeting
Opting for a personal loan allows you to combine all your festive expenses into one manageable monthly payment. This not only makes budgeting easier but also helps you avoid the stress of juggling multiple small costs, so you can focus on enjoying the celebrations to the fullest.
Convenient Online Application
This is a digitally advanced world. This simply means that you can apply for a personal loan through a loan app within minutes, from the comfort of your home. This saves you time and effort.
Steps to Apply for a Personal Loan
Now that you understand how a personal loan can ease your expenses this Ganesh Chaturthi, let’s walk through the steps to apply for one.
- Research Lenders: Before you apply for a personal loan, it’s crucial to research different lenders and compare their interest rates, processing fees, and repayment terms. Choose lenders known for their reliability and clear, honest terms.
- Check Eligibility: Most lenders have specific eligibility criteria that you need to meet to qualify for a personal loan. These typically include factors like your age, income, credit score, and employment history. Ensure you meet the basic requirements before proceeding with the application.
- Submit Documents: Common documents include identity proof (Aadhaar, PAN), address proof, income proof (salary slips, ITR), and bank statements are required.
- Verification and Approval: Once you’ve submitted your application and documents, the lender will verify your details and carry out the necessary approval checks. If your application is approved, you will receive the money directly into your bank account.
Wrapping Up
Ganesh Chaturthi is a joyous occasion that brings people together to celebrate, offer prayers, and welcome prosperity and happiness into their lives. However, the financial demands of the festival can sometimes overshadow the joy. Personal loan application offers a practical solution to manage these expenses, allowing you to create cherished memories without financial worry. By borrowing responsibly, comparing lenders, and planning repayments, you can ensure a stress-free celebration.
If you are looking for a trusted personal loan app, True Balance stands out. They offer a fully digital application process, enabling you to apply for a loan from anywhere in the world. The platform provides personal loans up to ₹2 lakh, with monthly interest rates beginning at just 2.4%. What makes True Balance even more convenient is its flexible repayment options and easy foreclosure facility, designed to support you every step of your financial journey.
This Ganesh Chaturthi, celebrate the festival to the fullest with the True Balance loan app!