Articles

4 Dreams You Can Fulfil With The Help Of Personal Loans

by Rishank Rautela Financial Planner

Having dreams is a very natural part of being human. All of us have several dreams and aspirations we wish to fulfil throughout our lifetime. But as we all know, dreams cost a lot of money. Most people think that they have to put all their aspirations on the back-burner due to a lack of savings. However, that is not true at all. If you are employed and if you have the capacity to repay it, you can take out a personal bank loan and fulfil your big and small dreams. Here’s how you can fulfil your dreams with a loan for personal use.

You can plan that long-awaited dream trip: Who doesn’t love to travel? All of us have aspirations of visiting some or the other country across the world. Whether your dreams are to explore India or any country on the globe, you can fulfil them by taking out a personal loan. A great way to apply for a vacation loan is to make an estimate of all the costs involved – flights, hotels, internal travel, sightseeing, food etc., and then apply for the loan. Loans for vacations are quite common and although the loan amount may amount to a few lakhs, you can expect an approval if you have a good credit score, income and employment.

You can get married in style: Our wedding day is one of the biggest days in our lives. Every couple wants that grand party – a stylish trousseau, beautiful jewellery and the works. To show our guests a great time, we like to hire the services of a good caterer, DJ, decorator and so on. All this costs a lot of money. If you are inclined to throw that Big Fat Indian Wedding that lasts a few days, you may need funds for a lavish party. You can fund this larger than life event by applying for a personal bank loan. Once again, you need to draw up an estimate of the costs involved before you apply for the loan.

You can purchase that cool gizmo you’ve been eyeing: Most people like to keep up with tech trends. The reality however is that these trends keep changing every day. The latest cell phone you want to buy comes with a high price tag; one which you can only afford in EMIs. Well, you can now approach your bank for a personal loan and purchase that phone. The loan is not limited just to the mobile phones – you can purchase a wide range of other tech gizmos from the latest double door refrigerator to a smart television or the play station you’ve been eyeing with the help of this loan.

You can give your home that much needed makeover – Another way to put your personal loan funds to good use is to give your home a makeover. Say you want some wallpaper installed, you want to paint the house or redecorate a room completely; you can use funds from the loan and give your home that much needed facelift. The loan amount can also be used to undertake electrical repairs and fix leaky ceiling among other things.

Apart from these, you can also use funds from this loan in case of emergencies like urgent hospitalisation or to pay for a hobby or education course. The greatest advantage of these loans is that borrowers do not have to provide any security or collateral against it. In fact, these days, you can apply for personal loans online. The loan amount is credited into your bank account within 24-48 hours after a quick verification process.


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About Rishank Rautela Junior   Financial Planner

2 connections, 0 recommendations, 15 honor points.
Joined APSense since, July 18th, 2019, From Mumbai, India.

Created on Jul 19th 2019 05:36. Viewed 792 times.

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