Published on November 26th, 2019 | by Sunit Nandi


Here’s how you can purchase gifts for your loved ones this Christmas with the help of an instant personal loan

With Christmas around the corner, the season of gifting welcomes us with sheer joy. All of us indulge in buying gifts for friends and family members as well as taking part in the Secret Santa events that are conducted in almost all offices today. For some, the Christmas season also gives rise to holiday expenses, home renovation requirements as well as wedding expenses. With the quick availability of instant personal loans, one can now take care of such expenses in an easy way without having to face any financial constraints. An instant personal loan is an unsecured loan that can be used to cater to any urgent financial requirement without having to pledge any assets as security.

One can now avail instant personal loan starting from Rs. 20,000 at EMI as low as Rs. 2500/lakh.

What is an instant personal loan?

An instant personal loan is an unsecured form of loan that can be availed based on the eligibility criteria of the borrower. This type of loan is offered without any collateral, i.e. the lender does not require you to keep any of your assets as security to avail the loan amount. The loan is disbursed on an immediate basis and does not require you to wait for days to get approval. With a simple application process and instant disbursal, instant loans have become one of the most popular loan products in India.

Benefits of instant personal loan

Ease of application: You can now apply for an instant personal loan online to be able to purchase gifts or take a holiday this Christmas season. The loan application can be made from the comfort of your home through the lender’s website or app. Additionally, the loan documents can be uploaded online without having to do any paperwork or even visit the lender’s office.

Affordable EMIs: If you think that just because this type of loan is disbursed instantly, you would be charged a high-interest rate, then you are highly mistaken. You can easily avail an instant loan at an EMI as low as Rs. 2500/lakh depending on your credit score and eligibility criteria. Lenders also consider your age, income and employment status to be an important eligibility criterion when processing your loan application. Additionally, this type of loan is offered for a tenure of 12-60 months that makes it easy for you to make the repayment.

Quick disbursal: Unlike traditional lenders, online lenders in India offering instant personal loans offer quick disbursals that make it easy for you to address your financial emergencies on time. Further, the loan amount can be utilized for any purpose. If you are looking to gift an expensive watch or a smartphone to your loved one or to book travel tickets this Christmas season, then you can easily do so when you apply for an instant personal loan.

Minimum documentation: Getting an instant loan for celebrating Christmas is easy and does not require you to go through a lengthy documentation process. You just have to submit the required few documents including your address proof, identity proof and income statement. You can submit the documents online through the lender’s app or website. The hassle-free and straightforward documentation makes it easy for you to get the loan amount.

Helps you increase your credit score: Getting an instant loan and paying the EMIs on time ensures the lenders about your healthy credit behavior, thereby helping you improve your credit score. Having a high credit score further makes it easy for you to secure more unsecured debt in the future. Also, to avail a personal loan, you must have a minimum score of 650. Repaying the EMIs on time increases the score.

What is the eligibility criterion to apply for Christmas loan?

To be eligible to get a Christmas loan, you have to cater to the below criteria:

  • You should be aged between 21-60 years
  • You should be employed with a public, private or government entity
  • You should be a citizen of India
  • You should have a minimum salary of Rs. 20,000
  • You should have a good credit score, i.e. minimum 650

Documents required to apply for an instant personal loan this Christmas

Below are a few documents you need to submit to get an instant loan.

  • Address proof such as Aadhar card, utility bill, passport or driving license
  • Identity proof such as Aadhar card, PAN card, utility bill, passport
  • Income statements such as bank statement, salary slip and others
  • Passport size photograph


As you can see, when you apply for an instant personal loan for Christmas is easy and convenient as it helps you buy the gifts of your choice for your loved ones without having to worry about the finances. The flexible repayment tenure and low EMI options make this loan type of one of the best loan products to avail in India.

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I'm the leader of Techno FAQ. Also an engineering college student with immense interest in science and technology. Other interests include literature, coin collecting, gardening and photography. Always wish to live life like there's no tomorrow.

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