In the festive season, there is almost always an increase in household expenditures. People spend on gifts for their family, house decoration and revamping, new clothes that match the occasion and sometimes even a family holiday. However these expenses can quickly pile up and become a significant drain on one’s savings.

A personal loan can help protect against this and still allow you to splurge amidst the festivities.

When to apply for a personal loan

A personal loan is used to fund personal expenses without requiring you to pledge any asset as collateral. For big purchases such as jewelry or appliances that cannot be bought with your income alone, a personal loan then comes in handy. Continue reading →