Tag Archives: personal loans

Best Ways Personal Loans can Help You Save Your Money

Everyone goes through a financial crisis at some point in their life. At such times, availing a personal loan might make sense as they provide quick cash and can meet the immediate expense without blowing up all your savings. If you’re looking to consolidate high-interest debt or finance a large expense you can apply for a Bajaj Finserv personal loan and get the financial assistance you need. You just need to fulfill the personal loan eligibility criteria and documentation process. Once approved the loan amount will get disbursed in your account. Most personal loans are unsecured, meaning you are not required to pledge collateral on loans. If used properly, personal loans can help you save a lot of money.

What is a personal loan?

A Personal loan is a kind of unsecured loan that helps you meet your current financial needs. These loans could be used for anything from credit card debts consolidation, to refinance student loans, wedding expenses, home renovation, travel expenses, etc. While a personal loan might help you take care of unexpected expenses, they can also help you save money.

The following are some of the ways persona loans can help you can save money.

  • Lower interest rates

The rate of interest on a personal loan is comparatively lower than the credit cards. Therefore, personal loans can be used to make purchases in lieu of credit cards as a money-saving strategy.

  • Debt consolidation

Debt consolidation means opting for a loan to pay off other liabilities and debts. To avail a huge, low-interest rate personal loan, you need to pay off your other small, high-interest rate debts. By doing this you can save money on a high-interest student loan or your credit card bill, for example, by repaying them faster or at once using a personal loan. Remember to check with your bank about their prepayment policies as some money-lending institutions charge penalties or charge additional fees for not completing the loan tenure.

  • Claiming tax benefits

While availing a personal loan you can claim tax benefits. Under Income Tax Act, if a personal loan is availed to renovate a house or make a down-payment for it, then you are eligible to claim tax deductions of up to Rs. 2 lakhs under Section 24(b). In order to avail of this benefit, you will have to produce proper receipts and documents to the bank.

  • Smart repayment plans

You can choose to use the most appropriate repayment plan on your loan on the basis of your current and foreseeable financial status to enhance your savings. For those who are expecting their financial situation to get better in the near future, due to a promotion, for example, can apply for the step-up repayment option. The EMI scheme starts off at low-interest rates that gradually increase over time.

  • Cover big expense

With an instant personal loan you get the liberty to repay the money over the years in small installments. Since the interest rates on personal loans are quite low, it is a cheaper way to cover big purchases.

  • Improve credit score

When you avail a personal loan, the complete loan amount is to be repaid in a fixed period. And if you repay the loan in full at a given time, it not only lower your credit utilization ratio but also improves your CIBIL Score.

Top Destinations to Visit this Winter

The‌ ‌winter‌ ‌is‌ ‌here‌ with its delicious‌ ‌gazar‌ ‌ka‌ ‌halwa,‌ ‌warm‌ ‌quilts,‌ ‌and‌ ‌cozy‌ ‌sweaters. ‌Where it gives you a chance of ‌staying‌ ‌in‌ ‌your ‌bed‌ ‌drinking‌ ‌hot‌ ‌coffee‌, ‌this‌ ‌season‌ ‌also‌ ‌brings‌ ‌with‌ ‌it‌ ‌lots‌ ‌of‌ ‌holidays‌ and vacations.

‌If‌ ‌you‌ ‌have‌ ‌been‌ ‌contemplating‌ ‌on‌ ‌going‌ ‌on‌ ‌a‌ ‌vacation‌ ‌this‌ ‌winter‌ ‌but‌ ‌are‌ ‌unable‌ ‌to‌ ‌zero‌ ‌down‌ ‌the‌ ‌destination, ‌here‌ ‌is‌ ‌a‌ ‌list‌ ‌of‌ ‌top‌ ‌destinations‌ ‌in‌ ‌India‌ ‌and‌ ‌abroad‌ that ‌ ‌you‌ ‌can‌ ‌explore.‌ ‌ ‌

Gulmarg and Sonamarg, Jammu and Kashmir

There‌ ‌is‌ ‌no‌ ‌wrong‌ ‌time‌ ‌to‌ ‌visit‌ ‌Jammu‌ ‌and‌ ‌Kashmir,‌ ‌but‌ ‌winter‌ ‌has‌ ‌its‌ ‌‌charm.‌ ‌With‌ ‌a‌ ‌different ‌magical‌ ‌hue‌ ‌along with ‌snow-capped‌ ‌peaks,‌ ‌white‌ ‌landscape‌, and‌ ‌frozen‌ ‌trees,‌ ‌visiting Gulmarg in winters is a lifetime experience. ‌ ‌Apart‌ ‌from‌ ‌the‌ ‌sightseeing,‌ ‌you‌ ‌can‌ ‌also‌ ‌indulge‌ ‌in‌ ‌adventure‌ ‌sports‌ ‌like‌ ‌skiing,‌ ‌snowboarding‌ ‌, and‌ ‌trekking‌ ‌when‌ ‌in‌ ‌Gulmarg.‌ ‌To‌ ‌ensure‌ ‌that‌ ‌you‌ ‌do‌ ‌not‌ ‌miss‌ ‌out‌ ‌on any‌ ‌view,‌ ‌you‌ ‌can‌ ‌take‌ ‌a‌ ‌ride‌ ‌of‌ ‌the‌ ‌cable‌ ‌car‌ ‌and‌ ‌get‌ ‌a‌ ‌bird’s‌ ‌eye‌ ‌view‌ ‌of‌ ‌the‌ ‌whole‌ ‌place.‌ ‌

 

‌ ‌Great Rann of Kutch, Gujarat

 Gujarat‌ ‌is‌ ‌famous‌ ‌for‌ ‌its‌ ‌beautiful‌ ‌fabrics‌ ‌and‌ ‌prints,‌ ‌delicious‌ ‌snacks,‌ ‌magnificent‌ ‌temples‌ ‌and‌ ‌sweet‌ ‌people.‌ ‌However,‌ ‌winters‌ ‌bring‌ ‌something‌ ‌different‌ ‌for‌ ‌ ‌people in the form of the‌ ‌great‌ ‌‘Rann‌ ‌Utsav.’‌ ‌Great Rann of Kutch is‌ ‌indeed‌ ‌a‌ ‌magical‌ ‌sight‌ ‌with‌ ‌miles‌ ‌of‌ ‌white‌ ‌salt‌ ‌sand‌ ‌which‌ ‌illuminates‌ ‌in‌ ‌silver‌ ‌light‌ ‌under‌ ‌the‌ ‌moonlight.‌ ‌While‌ ‌this‌ ‌is‌ ‌‌‌enough‌ ‌reason‌ ‌to‌ ‌visit‌ ‌this‌ ‌winter‌ ‌destination,‌ ‌you‌ ‌can‌ ‌also‌ ‌enjoy‌ ‌traditional‌ ‌cuisine,‌ ‌stay‌ ‌in‌ ‌tents,‌ ‌buy‌ ‌handicrafts,‌ ‌enjoy‌ ‌cultural‌ ‌performances, ‌ ‌and‌ ‌folk‌ ‌dances.‌

Auli, Uttrakhand

 While in Auli you can enjoy the view of ‌snow-draped‌ ‌peaks with‌ ‌lush‌ ‌surroundings‌ ‌and‌ ‌‘kulhad‌ ‌wali‌ ‌chai.’‌ ‌You can visit this town in Uttrakhand for the skiing‌ ‌championships or just to rejuvenate yourself amidst the calmness and tranquility of the hills. ‌When‌ ‌you‌ ‌visit‌ ‌Auli‌ ‌you‌ ‌can‌ also ‌go‌ ‌trekking,‌ ‌visit‌ ‌the‌ ‌Auli‌ ‌artificial‌ ‌lake‌ ‌or‌ ‌hop‌ ‌on‌ ‌the‌ ‌cable‌ ‌car‌ ‌and‌ ‌enjoy‌ ‌the‌ ‌complete‌ ‌view‌ ‌of‌ ‌the‌ ‌Himalayas‌ ‌with‌ ‌temples‌ ‌and‌ mountains‌ ‌like‌ ‌Hathi‌ ‌Parvat‌ ‌and‌ ‌Mana‌ ‌Parvat.‌ ‌

Svalbard, Norway

Known‌ ‌for‌ ‌its‌ ‌northern‌ ‌lights‌ ‌and‌ ‌polar‌ ‌nights,‌ ‌Svalbard‌ ‌is‌ ‌situated‌ ‌between‌ ‌74th‌ ‌and‌ ‌81st‌ ‌parallel.‌ ‌During‌ ‌the‌ ‌winter‌ ‌season,‌ ‌there‌ ‌is‌ ‌less‌ ‌sunlight‌ ‌which‌ ‌makes‌ ‌it‌ ‌an‌ ‌ideal‌ ‌time‌ ‌to‌ ‌enjoy‌ ‌the‌ ‌the sight‌ ‌of‌ ‌northern‌ ‌lights.‌ ‌You‌ ‌can‌ ‌also‌ ‌spot‌ ‌the‌ ‌aurora‌ ‌borealis‌ ‌during‌ ‌winters‌ ‌and‌ ‌might‌ ‌sight‌ ‌a‌ Polar‌ ‌bear‌ ‌too.‌

 

Mammoth cave national park, Kentucky, USA

 If‌ ‌you‌ ‌are‌ ‌not‌ ‌interested in  ‌any‌ ‌nature‌ ‌sightseeing,‌ ‌you‌ ‌can‌ ‌head‌ ‌on‌ ‌to‌ ‌this‌ ‌national‌ ‌park‌ ‌in‌ ‌the USA.‌ ‌The‌ ‌Mammoth‌ ‌cave‌ system ‌is‌ ‌the‌ ‌longest‌ ‌cave‌ ‌in‌ ‌the‌ ‌world.‌ ‌You‌ ‌can‌ ‌enjoy‌ ‌the‌ ‌various‌ ‌tours‌ ‌through‌ ‌the‌ ‌winters‌ ‌to‌ ‌get‌ ‌a‌ ‌warm‌ ‌shelter‌ ‌when‌ ‌the‌ ‌ground‌ ‌above‌ ‌starts‌ ‌to‌ ‌freeze.‌ ‌It is‌ ‌also‌ ‌a‌ ‌geologic‌ ‌wonder‌ ‌which‌ ‌makes‌ ‌it‌ ‌a‌ ‌unique‌ ‌destination‌ ‌to‌ ‌include‌ ‌in‌ ‌your‌ ‌vacation‌ ‌destination.‌

‌Along‌ ‌with‌ ‌the‌ ‌fun,‌ ‌every‌ ‌vacation‌ ‌you‌ ‌take‌ ‌is‌ ‌a‌ ‌lesson‌ ‌in‌ ‌itself and so ‌you‌ ‌should‌ ‌never‌ ‌sacrifice‌ ‌on‌ ‌them.‌ ‌If ‌finance‌ ‌‌becomes‌ ‌a‌ ‌roadblock‌ ‌to‌ ‌your‌ ‌wanderlust,‌ ‌an‌ easy‌ ‌solution‌ ‌is‌ ‌personal‌ ‌loans‌‌.‌ You‌ ‌can‌ ‌easily‌ ‌apply‌ ‌for‌ ‌instant‌ ‌personal loan‌ ‌online.‌ ‌Loans‌ ‌like‌ ‌Bajaj‌ ‌finance‌ ‌personal‌ ‌loan‌ ‌for‌ ‌self‌ ‌employed‌ ‌and‌ ‌personal loan‌ ‌for‌ ‌salaried‌ ‌are‌ ‌a‌ ‌good‌ ‌way‌ ‌of‌ ‌funding‌ ‌your‌ ‌travel‌ ‌destination‌ ‌this‌ ‌winter.‌