A Personal Loan Remedy for Your Monsoon Blues



The Saawan Ka Mahina Pawan Kare Shor feel has now been replaced with the Blue Hain Paani Paani vibe. Times have changed. The school goers walk back jumping on rain filled puddles, turning umbrellas into dish antennas, paper boat races, etc. Nowadays, instead of jumping on puddles, it’s trying to catch water pokemon and young kids playing race games on their smartphone.

Previous generations also had a different experience of borrowing funds. There were moneylenders, who gave money and charged interest on the same. Banks’ offline methods are still existent. The hefty paperwork still includes dossiers of forms, attested photocopies, cheque payments and demand drafts for EMI payments. With telephones just coming onto the scene, waiting for the loan approval through telegrams and letters must have been quite a pain.

A personal loan requirement can come anytime. It can be during the showers of monsoon or in the heat of summer. Most of us detest rains. Problems while commuting, feet all soggy while sitting in your cubicle or your DTH showing distorted signals on your 55 inch HD television. If you compound these with the urgent requirement of cash, then our despair knows no bounds. But before we look at how a personal loan can help us during this or any season, let’s understand what a personal loan is, what are its advantages and which is the best place to get one.


Why is Personal loan a good financial option?

The eponymous loan is considered the best option for personal financial needs. And because it is availed solely for cash ridden emergencies, it trumps over other financial products due to its speed of fund disbursement. A personal loan is a type of unsecured loan (not secured with collateral or mortgage), that is availed based on your credit worthiness. As a digital lending platform, such as Loan Singh, does not know you personally, your credit repayment history acts like an advocate. It shows how prompt you have been in your previous credit responsibilities and how much trustworthy you are to be granted the personal loan. A couple of advantages are

Purposes – A personal loan can be availed for purposes such as purchasing a desired electronic gadget, conducting a hair transplant, purchasing new home appliances, etc.

Collateral – No collateral ensures less paperwork. With no property owned, you can still get funds via a personal loan. This makes a personal loan hold true to its facet of being a quicker option.


Where can I get a quick personal loan?

You don’t have to look far. Being India’s leading digital lending platform, Loan Singh prides on serving salaried professionals who otherwise would not be approved a personal loan from traditional lending solutions. For e.g. Salaried professionals who have never availed credit prior to their application, are rejected due to no credit history being present. This won’t happen at Loan Singh unless you are working for at least the last 3 months.

All you need to get a personal loan is to

  • Head over to Loan Singh’s Get Started page
  • Fill in your personal and financial information
  • Loan Singh pre-approves your application if found credit worthy
  • Upload your latest 6 month bank statement PDF
  • Loan Singh does your credit evaluation
  • Loan is Approved and subsequently disbursed


The process to get an easy and quick loan with Loan Singh is mentioned below:


Get Started Page – Select ‘PERSONAL LOAN’ from the dropdown and enter the loan amount with the desired repayment tenure.

Registration Page – Add your contact number, personal email ID and corporate email ID

Social Authorization – Connect your Facebook, Google+ and LinkedIn profiles for discounted rates

Profile Page – Fill in your name, gender, father’s name, number of dependents and PAN Details. We use your PAN Card Number to check your Credit Score & as a KYC document.

Address Page – Choose your type of residence; mention your street address, city, state and pin code.

Job Profile Page – Mention your current designation, total work experience, company name, highest qualification, last institution attended and monthly salary.

Financials Page – Upload your latest 6 months bank statement either from your computer, GMail account or net-banking account directly.

Auto Debit Page – Provide permissions to your bank name, account number and IFSC code so that Loan Singh can auto debit the EMI amount from your account every month. This way you don’t need to set reminders or miss out on any loan EMI payments.


Personal Loan to the Rescue This Monsoon

Now let’s get back to monsoon and its blues. We know of the purposes that a personal loan can help with, there are some purposes that stretch your finances in monsoon. And for these, a personal loan is perfect.

Medical Emergency

Health hazards that are caused by monsoon are aplenty. A bike skids due to a damp road, and then you are required to go to the emergency room. Electric wires remain exposed and wet due to rains – a dangerous scenario. Not only this, but any medical emergency requires an emergency source of cash to spend.

Monsoon Wedding

Most try to avoid this season for a wedding, but some can’t help it. If both horoscopes incline to a July wedding, then there is nothing much you can do. For times like these, a personal loan can be of great help.

De-stress Getaway

Monsoon is the time where nature brims with scenic beauty. Mountainous canvas splattered with rainbows and hint of clouds. It’s a great time to unwind. Take a break. Hill stations are ideal. So are special wellness centers across India.

School Re-opening

The start of the new academic year not only tests the resolve of students on ‘back to waking up early’, but also of parents who have to get their children ready. New school bags (with an image of Ben10 on them), raincoats, umbrellas, new textbooks, brown book covers, compass set, water bottle (with Hannah Montana imprinted), admission fees, school bus fees, etc. are just some of the items you need a personal loan for this monsoon.

Second hand car

Yes! You heard that right. You can apply for a personal loan to purchase a 2nd hand car. How long do you want to ride the rickety motorcycle? Upgrade to something that will keep you dry during this monsoon.

House repairs

Leaks in the parlor, patches of ceiling falling off, and drops on the floor turning to a mini puddle are a common problem during monsoon. Avail a quick personal loan from Loan Singh and get it fixed ASAP.


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