6 Mins Aug 10, 2022
Raksha Bandhan is a celebration of the unique bond between a brother and a sister. Every sister looks forward to receiving gifts from her brother on this special day, so make sure your gift stands out from the rest. If you haven’t yet figured
out what to give your dearest sister this Raksha Bandhan, this article is for you!
How about treating your sister to a relaxing holiday? You could look at a peaceful trip to the Himalayas or a party trip to the Goa beaches. Even South India has some beautiful destinations for a perfect holiday. You can even plan a trip abroad
if you have the requisite budget.
Now comes the crucial part of it. Gifting your sister a relaxing holiday package is no doubt a fantastic idea. But what about the finances? From buying travel tickets, booking hotel accommodations, and getting shopping vouchers for your sister,
your expenses may quickly run into several lakhs of rupees. If you’re planning a family vacation, you will need even higher funding.
If you don’t have the necessary finances or if you don’t want to break your savings pot, you can apply for a personal loan. Personal Loans are unsecured and multi-purpose
loans that can give you the freedom to use your money the way you want.
Let’s look at how personal loans can help you plan a dream vacation for your sister:
- They are collateral-free loans
Personal loans are unsecured or collateral-free loans. It means the lender won’t ask you for security or a guarantor to provide you with a personal loan. Hence, you can get the requisite
funding without jeopardising your personal or professional assets. - High-value financing
With personal loans, you can quickly get high-value financing and meet your financial requirements. For example, with an Axis Bank Personal Loan, you can get funding of up to Rs. 40 lakh for all your
requirements. And since these are multi-purpose loans, you can use them the way you want.
You can use the money to book flight tickets for your family members, reserve/arrange hotel accommodations, purchase shopping vouchers, and
much more. You can even use your personal loan amount to tackle a financial emergency during your trip. - Attractive interest rates
Another benefit of taking a personal loan to fund your family vacation is that it comes with competitive interest rates. Comparing personal loan interest rates with
other unsecured financing avenues, such as a credit card, you will find that the former is much more beneficial.
[Also Read: Enjoy easy and convenient transactions with credit cards]
Additionally, you can get pre-qualified offers by applying for a personal loan with a known bank. These pre-qualified offers are based on several factors, including your credit score, monthly income, employment type, and employment
status.
- Repay the amount in easy EMIs
You can get a personal loan to fund your sister’s holiday and easily repay the amount in Equated Monthly Instalments (EMIs). This way, it won’t put any additional burden on your
finances and budget.
In advance, you can use an online personal loan EMI calculator to know your personal loan EMIs. This can help you in planning your EMI repayments
in a better fashion. - Decide your loan tenure
Lenders are usually flexible with personal loan tenures. It means that you will have the flexibility to decide your loan tenure as per your repayment capability. Your personal loan tenure may range
between 12 to 60 months
A holiday in India or abroad can be the best gift for your sister, this Raksha Bandhan. A Personal Loan of up to Rs. 40 lakhs from Axis Bank can be your perfect funding partner to get this gift for your beloved
sister. However, do not forget to check interest rates, loan tenure, and loan amount before applying for a personal loan.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.
