Shopping Loan – 5 Things To Remember When Availing a Festival Loan

Shopping loans are the best for spending on festivals such as Navratri, Dussehra, Diwali and Dhanteras. Enjoy the best by going to Loan Singh.

Navratri is here, and none of us can hold our excitement. We feel happy when our financial obligations, and needs, are taken care of. There is so much to plan, shop and spend upon, during Navratri. Being a salaried individual, you would not have the time to go from one bank to another applying for a personal loan for your Navratri expenses. To celebrate a stress-free and hassle-free Navratri, we need a convenient process to apply for the cash we would require.

So, what is the best source of quick funds that is void of inconvenience and time delays? A digital lending platform, such as Loan Singh, of course! But what makes an online personal loan such a good option? How can the woes of traditional lending be replaced by a quicker and smoother process? All these questions are answered by the latest data driven technology called Digital Lending.

Click here, to understand all about a personal loan in India

Digital Lending

No human intervention in the loan application process allows for better streamlining. With the number of documents down to just PAN Card and Bank Statement PDF (that too fetched from your net-banking account), you save your precious time instead of going around accumulating multiple documents and attestations needed by traditional lending solutions, such as banks. Technology has equipped digital lending platforms, such as Loan Singh, to serve the salaried and underserved individuals – like you. Loan Singh’s mission is to improve on traditional banking pain points such as delay in loan approval, time taken in disbursement, etc. With digitization enabling Indians to make use of online payment modes, the option to avail an online personal loan does not seem farfetched. Eligible salaried individuals, such as you, are provided funds based on their credit worthiness.

A digital lending platform is set-up in such a way that the borrower’s personal information, financial information and social authorization, are evaluated by the platform; and his/her credit worthiness is calculated. Loan Singh then decides if the loan is to be approved, or not. No bank statement photocopies, no attested documents, no reference forms and no heaps of application forms are needed. With no time wasted in documentation, this mode of personal loan disbursement is faster and quicker than traditional bank solutions.

What is United Payments Interface? Are you UPI enabled?

Things to Remember

Switching your mindset from the traditional solutions, such as banks, is a tough ask. For generations, you have seen your friends & family run to-and-fro from bank to bank trying to get the money they needed to celebrate Navratri. For this reason, you are somehow fine with the offline & time unbound method. But, times have changed, your salary has improved and also the work you need to put in each day to improve your income and lifestyle, has changed. You do not have time to apply for a half day leave, carry a bunch of documents to the bank and wait for your turn at counters. 5 things that you should remember while applying for an online personal loan for Navratri are

Research

Everyone does, and you should too. Despite Loan Singh’s digital presence on Facebook, Twitter, Google+ and LinkedIn, you need to understand how digital lending is different from offline modes. Read about Loan Singh’s FAQs, and find out which documents are needed to be kept handy during the online application process. The actual documents should be provided digitally.

Eligibility

Just because you have an internet connection, and you are in need of funds, does not mean a digital lending platform will approve your loan application. You need to be at least 21 years of age & salaried. The minimum monthly salary you should be earning should be Rs. 20,000. A competent credit score is key to get that ‘Amount credited’ SMS flashing on your smartphone.

Before approving the loan, Loan Singh looks at your credit score to evaluate your credit worthiness. A credit worthy borrower is someone who has been prompt in his/her previous loan EMI payments, maintains a good credit utilization ratio, has been paying-off his/her credit card bills on time and has never overspent over the credit card limit. If you have never availed of a loan before, you will have no credit history. In that case, you need to be salaried for at least 3 months to be eligible for a loan at Loan Singh. The lower your credit score, the lower your chances of being eligible for a personal loan.

Amount

The amount you need to borrow will be based on your income and your repayment capacity. The amount should also be intertwined with the personal loan purpose. Navratri is a 10 days’ festival, and so requesting the correct amount for the celebrations is important.

Process

The process, though dominantly online, is easy and breezy. You can apply for the personal loan from your home, while travelling from work in an Uber, while stuck at a traffic signal, etc. As long as you have internet access and can access your Gmail or Netbanking account, you can finish the process in as short a time as 10 minutes.

Default

Once the personal loan is approved and disbursed to your account, your responsibility should become to ensure you do not default in any of the monthly EMIs. You can set-up an auto debit feature with Loan Singh to debit the EMI amount from your account directly. For some reason if you do default, your credit score is negatively affected, and a penalty for default is levied, as well.

Click here, to understand everything about credit score in India

Navratri Shopping

The nine days of Navratri allow devotees to not only maintain reverence during fasting, but also to wear the best of clothes, purchase the best accessories to go with the clothes, utilities for rituals, pandal set-up, etc. Although not on the level of Diwali or Onam, Navratri shopping does generate a lot of buzz and frenzy at shopping outlets.

We delight ourselves by greeting our guests and friends, with the best sweets. We don’t want to fall short in impressing the deity at home, and also to our loved ones. New clothes, jewelry and household items need to be bought. Whether it be heavy traffic, incessant rains or difficulty in finance, we always find a way to get the funds required to celebrate. There is also the case of the best fireworks and gorgeous lighting to be bought. The huge dance get-togethers, called Dandiya Nights, need the best of clothing; and we cannot wear just anything, but the best.

Some of us avid in buying stocks, flock to brokers to get the trading done. Mahurat trading is crucial and is another avenue for our spending. Even the beggars cannot be sent back empty handed. It is that time when there has to be funds in our hands. Dhanteras is less than a month away, but many of us will spend on gold. Consumers prefer pure gold over diamond or lightweight jewelry as the flavor of the season.

How to Quench Your Shopping Urge?

To cater to the 10 days of festivities, during Navratri, it is obvious that you need a source of funds to celebrate the festival in all its pomp and fervor. Personal loans are unsecured loans that are availed to meet these exact fund requirements. As it is an unsecured loan, it does not require any collateral.

The best place to get a really quick and easy personal loan is a digital lending platform – such as Loan Singh.

For salaried individuals, to gather up funds to celebrate Navratri within a short span of time is possible only through digital means; as traditional banking solutions would take up to weeks to disburse the funds. For a personal loan, the borrower’s credit worthiness determines if he/she can pay the loan EMIs regularly and, that too, without straining his/her daily living. Your credit report acts like a gauge for Loan Singh. It shows how prompt you have been in your previous credit responsibilities and how trustworthy you are. Loan Singh is perfect because of

No collateral – Having no collateral gives personal loan an advantage over secured loan. Even if you do not own any fixed assets, you can at least get funds from Loan Singh.

Multiple purposes – A personal loan can be availed for a number of purposes such as shopping for Navratri, purchase of household appliances, electronic gadgets, purchase gold, holiday travel, home improvement, relocation of job, medical expenses, home renovation, marriage, etc.

Click here, to learn about home improvement personal loan in India

Being Loan Singh Eligible

Before you begin the quick and easy application process at Loan Singh, check the following eligibility criteria required for a personal loan.

Salaried

To avail a personal loan from Loan Singh, you need to be a salaried individual with a monthly salary of minimum Rs.20,000.

Credit Score

Loan Singh looks at your credit score, to evaluate your credit worthiness, before approving the loan. A credit worthy borrower is someone who has been prompt in his/her previous loan EMI payments, maintains a good credit utilization ratio, has been paying off his/her credit card bill on time and has never overspent over the credit card limit. If you have never availed of a loan before, you will have no credit history. In that case, you need to be salaried for at least 6 months to be eligible for a loan at Loan Singh. The lower your credit score, the lower your chances of being eligible for a personal loan.

Age

You need to be at least 21 years of age to be considered eligible for availing a personal loan with Loan Singh. As mentioned above, you must be of Indian nationality and salaried, as well.

Financial stability

You need to have a stable monthly income. A good budget is advised to avoid times when you might find it hard to pay-off the loan EMIs.

Shopping Loan Benefits in India

Loan Singh’s hassle-free process and quick approval shopping loans are perfect for salaried individuals like you who are too busy to even take rest. The attractive EMIs and interest rates at Loan Singh, make shopping loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances.

Your dreams are our dreams. We help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.

Loan Singh’s easy EMI calculator can help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. The consumer durable loan can be availed between Rs. 50,000 and Rs. 5 Lakhs.

Another huge benefit you have with a Loan Singh shopping loan is that you have the freedom to choose where you want to spend your loan amount on. You can apply for a shopping loan and utilize the cash to spend on an Amazon, some on Flipkart or some on Snapdeal. Unlike so many ecommerce websites that let you gain discounts for possessing a debit card or points of a particular finance provider, Loan Singh’s personal loan can be utilized to be spent on the website you want and on the product you want to spend on.

Click here, to learn about home improvement personal loan in India

Shopping Loan For Online Shopping

The best way to fund yourself for shopping on the following e-commerce websites is by applying for the shopping loan and then finding what you want on the following e-commerce websites.

  • Shopping loan to shop on Ajio.com (collection of international labels)
  • Shopping loan to shop on 23basio.com (nail paints and shoes)
  • Shopping loan to shop on Abof.com (accessories and apparel)
  • Shopping loan to shop on aliexpress.com (marketplace for all types of products)
  • Shopping loan to shop on Asos.com (collection of international labels)
  • Shopping loan to shop on Amazon.in (multiple products and brands)
  • Shopping loan to shop on Amerucanswan.com (apparel and accessories)
  • Shopping loan to shop on Adirawoman.com (hygiene and shape wear)
  • Shopping loan to shop on Bestylish.com (shoes & accessories)
  • Shopping loan to shop on Biotique.com (skincare brand website)
  • Shopping loan to shop on Blab.co.in (cosmetics and accessories)
  • Shopping loan to shop on Brandsvillage.com (clothing, accessories etc.)
  • Shopping loan to shop on Biba.in (ethnic wear)
  • Shopping loan to shop on Cosmetix.in (cosmetics, accessories etc.)
  • Shopping loan to shop on Cilory.com (lingerie, health care, personal care products etc.)
  • Shopping loan to shop on Coolbuy.in (clothing, jewelry, home & kitchen)
  • Shopping loan to shop on Caratlane.com (jewelry)
  • Shopping loan to shop on Chrono24.in (watch market)
  • Shopping loan to shop on Craftsvilla.com (sarees, jewelry, etc.)
  • Shopping loan to shop on ConfidentialCouture.com (buy pre-loved luxury goods)
  • Shopping loan to shop on Digaaz.com (luxury bags, watches etc.)
  • Shopping loan to shop on Doozyshopping.com (apparel for men & women)
  • Shopping loan to shop on Donebynone.com (bags, accessories etc.)
  • Shopping loan to shop on Darveys.com (luxury shopping)
  • Shopping loan to shop on Ebay.com (multiple products and brands)
  • Shopping loan to shop on Ethoswatches.com (luxury watches)
  • Shopping loan to shop on Elitify.com (luxury Shopping)
  • Shopping loan to shop on Ethnicdukaan.com (ethnic wear)
  • Shopping loan to shop on Fashionandyou.com (apparel and accessories)
  • Shopping loan to shop on Flipkart.com (multiple products and brands)
  • Shopping loan to shop on Futurebazaar.com (clothing, accessories, electronics etc.)
  • Shopping loan to shop on Fashnvia.com (clothing, accessories, etc.)
  • Shopping loan to shop on Fashionatclick.com (women’s wear, accessories etc.)
  • Shopping loan to shop on Fetise.com (apparels, accessories etc. for men)
  • Shopping loan to shop on Fashionara.com (apparels, bags, accessories and more)
  • Shopping loan to shop on Fabfurnish.com (furniture, home Furnishing etc.)
  • Shopping loan to shop on Faballey.com (women’s clothing & accessories)
  • Shopping loan to shop on Fressup.com (curation of looks and outfits)
  • Shopping loan to shop on Goodlife.com (makeup, skin care products etc.)
  • Shopping loan to shop on Globusstores.com (online portal for Globus)
  • Shopping loan to shop on Getitbazaar.com (fashion & lifestyle, electronics, etc.)
  • Shopping loan to shop on Homeshop18.com (portal for Channel Home Shop 18)
  • Shopping loan to shop on Homecentre.in (furnishing, decor and more)
  • Shopping loan to shop on Hometown.in (furniture, decor and more)
  • Shopping loan to shop on Handspick.com (women’s clothing, footwear and accessories)
  • Shopping loan to shop on Helioswatchstore.com (watch store for Titan)
  • Shopping loan to shop on Infibeam.com (books, mobiles, phones etc.)
  • Shopping loan to shop on Indiavarta.com (electronics, watches, phones etc.)
  • Shopping loan to shop on Inonit.in (clothing, accessories, shoes)
  • Shopping loan to shop on Indiarush.com (ethnic wear)
  • Shopping loan to shop on Indianroots.com (ethnic wear)
  • Shopping loan to shop on Jabong.com (clothing, shoes, accessories etc.)
  • Shopping loan to shop on Jewelskart.com (jewelry)
  • Shopping loan to shop on Juvalia.in (jewelry and accessories for women)
  • Shopping loan to shop on Koovs.com (clothing, apparel, bags, shoes etc.)
  • Shopping loan to shop on Landmarkshop.in (portal for Landmark Group)
  • Shopping loan to shop on Letsbuy.com (electronics, mobile phones etc.)
  • Shopping loan to shop on Limeroad.com (clothing, accessories, bags, footwear etc.)
  • Shopping loan to shop on LuluandSky.com (apparel & accessories)
  • Shopping loan to shop on Luxury.tatacliq.com (portal for TataCliq)
  • Shopping loan to shop on Myntra.com (shoes, accessories, clothes etc.)
  • Shopping loan to shop on Mirraw.com (ethnic wear and jewelry)
  • Shopping loan to shop on Macys.com (clothing, accessories and more)
  • Shopping loan to shop on Majorbrands.in (major brands such as Mango, Aldo and Inglot)
  • Shopping loan to shop on MrButton.in (menswear and accessories)
  • Shopping loan to shop on Nordstrom.com (designer brands to India)
  • Shopping loan to shop on Nnnow.com (apparel & accessories)
  • Shopping loan to shop on Oyegirl.com (shopping store for women)
  • Shopping loan to shop on Only.in (portal for ONLY)
  • Shopping loan to shop on Oasap.com (clothing, accessories and more)
  • Shopping loan to shop on Pret-amoda.com (clothing, accessories, home decor etc.)
  • Shopping loan to shop on Poshfusion.com (clothing, footwear and more)
  • Shopping loan to shop on Purplle.com (makeup, skin care etc.)
  • Shopping loan to shop on Peppercloset.com (apparel and accessories)
  • Shopping loan to shop on Pepperfry.com (home furnishing, appliances etc.)
  • Shopping loan to shop on Pipabella.com (jewelry)
  • Shopping loan to shop on Paperlillie.com (clothing, jewelry etc.)
  • Shopping loan to shop on Perniaspopupshop.com (designer labels)
  • Shopping loan to shop on Rangrage.in (handcrafted jeans, accessories etc.)
  • Shopping loan to shop on Shoppersstop.com (portal for Shoppersstop)
  • Shopping loan to shop on Shopping.indiatimes.com
  • Shopping loan to shop on Shopping.rediff.com
  • Shopping loan to shop on Snapdeal.com (multiple brands and products)
  • Shopping loan to shop on Shopatmajorbrands.com (foreign brands)
  • Shopping loan to shop on Shop.mango.in (portal for MANGO)
  • Shopping loan to shop on Shein.in (apparel & accessories)
  • Shopping loan to shop on Shopnineteen.com (apparel, shoes, bags etc.)
  • Shopping loan to shop on Stalkbuylove.com (apparel, accessories, bags etc.)
  • Shopping loan to shop on Stylefiesta.com (apparel, shoes and accessories)
  • Shopping loan to shop on Stylista.com (fashion and lifestyle)
  • Shopping loan to shop on Suhaniepittie.com (jewelry)
  • Shopping loan to shop on Sbuys.com (apparel & accessories)
  • Shopping loan to shop on Toteteca.com (customized bags)
  • Shopping loan to shop on Thecollective.in (major international luxury brands)
  • Shopping loan to shop on Trivenisarees.com (ethnic wear)
  • Shopping loan to shop on Thequirkbox.com (accessories and apparel)
  • Shopping loan to shop on Utsavfashion.in (sarees, jewelry etc.)
  • Shopping loan to shop on Vivaahsurat.com (ethnic wear)
  • Shopping loan to shop on Varighty.com (watches, bags, accessories)
  • Shopping loan to shop on Voylla.com (bags, jewelry, accessories)
  • Shopping loan to shop on Veromoda.in (portal for Vero Moda)
  • Shopping loan to shop on Watchkart.com (watches from major makers)
  • Shopping loan to shop on Wforwoman.com (ethnic wear)
  • Shopping loan to shop on Yebhi.com (shoes, clothes, accessories etc.)
  • Shopping loan to shop on Yepme.com (shoes, clothes, accessories etc.)
  • Shopping loan to shop on Youshine.in (latest fashion jewelry and accessories)
  • Shopping loan to shop on Zovi.com (apparels and accessories for men & women)

About Loan Singh

Loan Singh is a digital lending platform that prides in providing online personal loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.5,00,000 taken for purposes such as:

You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement and PAN, for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.

Loan Singh’s Online Presence

Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Review, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.

Shopping loans are the best for spending on festivals such as Navratri, Dussehra, Diwali and Dhanteras. Enjoy the best by going to Loan Singh.

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