#shoppingloans

[personal-loan]

Is taking out a Shopping Loan to pay for your Wedding Expenses a wise move?

There is a reason why weddings in India are called The Great Indian Weddings. It is a festival or bigger than that. Events span across days, and guests come and go on different dates. Many pleasantries are to be exchanged and everything has to be the best. Why? Because it’s a once-in-a-lifetime event.

As the stigma association has been, weddings are generally one of life’s most expensive affairs. Despite the amount of planning and wedding planners getting involved, unexpected expenses may arise anywhere at any time. Some examples could be changing vendors, getting invitation cards reprinted, outfit changes, additional inventory, weather damages to decorations, etc. In times like these, instant cash can be availed only through an online personal loan. The idea of availing a shopping loan is already a craze and the best offers can be checked out on PHOCKET’s website.

Organizing weddings is a task in itself and thus, event management has grown up to be such a big business. It is no longer an affair to be handled by family members. Intricate planning is required in all aspects, needing a lot of human force. While the bride and groom have a lot on their plate, PHOCKET avail a shopping loan that provides instant cash that can help relieve them of the financial tension. These can be helpful for any other kind of expenses arising out too.

Let us explore the features of availing a shopping loan for wedding needs:

Less documentation — Unlike other kinds of personal loans, shopping or wedding loans will be available on the earning documents of the borrower, like salary slips and bank account statements. PHOCKET’s advanced IT system can pre-calculate your sanction amount.

Wide range — From as low as INR 10k to INR 2 lacs, one can avail a shopping loan deals for the wedding bells to keep going on.

Fast processing — Instant cash is the USP of PHOCKET with 24/7 loan processing and credit within hours.

Flexible payment options — With an EMI calculator one can choose what best EMI can be afforded given other payments constraint.

Now we can look at the benefits of availing of a Wedding Loan:

Quick Access to Cash: There is no time nowadays to wait it out in the bank, definitely not during the middle of your wedding event. You can avail a shopping loan by going online from your smartphone or laptop.

Instant Approval: Once documents are submitted and Emi details are chosen, processing takes no time at all. You can complete the whole process within minutes.

No Asset Handed Over As Collateral: PHOCKET’s personal loan offerings are collateral-free. Thus, without putting any assets with the lender, you can get the instant cash.

Easy Repayment: EMI calculator helps you choose flexible repayment terms that are affordable and non-disruptive to your monthly budget.

Savings Remain Untouched: When you pay wedding expenses by getting an online personal loan, you keep your savings untouched for future use.

Who all are eligible for availing a shopping loan?

The criteria are relaxed and bare minimum, with a motive to help as many people as possible. Apply for your wedding loan online by checking your eligibility criteria. Do not worry; they are the bare minimum, as listed below:

Age — Older than 21 and younger than 55 years.

Occupation — Salaried or businessperson.

Income — For non-metro cities, a minimum of INR 15,000 per month. & for metro cities, a minimum of INR 18,000 per month.

Residence — Resident of India.

If you meet all the above three requirements, you are all set to avail a shopping loan online.

Happy wedding shopping! So, what are you waiting for? Download Phocket — Instant Personal Loan App Now!

[personal-loan]

Should You Take Personal Loan For Your Shopping ?

We are in the time when EOSS i.e., End of Season Sale Kicks In. It was Eid a few days back and it will be Raksha Bandhan in the coming few days. Festivities like Raksha Bandhan are the biggest shopping drawers for Indians with heavy campaigns made around it (Cadbury being the biggest spender to replace Indian sweets). Even big-ticket products like Apple’s iPhone, etc. target the brother-sister bond for example.

One thing is sure that not just we Indians, but we humans love to shop. We Indians are very social, and tend to maintain very close and cordial family relationships over such events. Compromise is a no-no.

It is not always possible to have cash ready for such shopping's, unless planned. Maybe you can plan for an event pre-decided but what if someone’s baby shower came as an addition. Or someone got promoted in the family. Or a friend got engaged?

For all such happy moments, the happy hormones trigger out shopping spree and cash influx is immediately needed. Something like PHOCKET’s shopping loan which is 100% online and paperless, instant in minutes could be of use. Let us explore more about how such instant personal loan online can be of use to you:

Concept of Personal Loans as Shopping Loans — Although specified credits are available in low or no-cost EMI or credit cards, shopping loans are still a new concept. They are more so unfeasible when the shopping is instant or impulse. Let’s say a sale deal or a limited period offer, or an unknown invite or event happened. Getting an instant personal loan and using that as your shopping loan helps.

Benefits of Shopping loans:

Instant Approvals: Get Instant Personal Loan from Phocket. PHOCKET’s team is online 24/7 to process instant loans round the clock. After finishing the basic details you fill, its algorithm gives out a cibil score loan which decides your maximum sanction amount. You can then customize it.

Complete Online Documentation: Long back gone are the days of printing, signing and submitting. It is all online now. PHOCKET needs very basic documentation like PAN & AADHAR. They are to be uploaded on its website or app.

Pay as it best suits you: To make the best shopping loan experience, it is required that the borrower decides the repayment amount and number of EMIs rather than to be dictated upon. At PHOCKET, you can choose the EMI amount of time frame to repay your shopping loan, which significantly relieves your repaying capability and managing expenditures.

Loan EMI Calculator: You are your best financial advisor if given the best tools at your disposal. PHOCKET’s website has calculators to get EMI amounts by changing loan amounts, interest rates, and time frames. Helpful enough to decide?

Speedy Disbursal: We talked about instant processing above. What about the credit in your bank account? That is instant too. Once the loan is approved, the amount gets credited to your bank account immediately without waiting. Shopping just cannot wait

Low-Interest rates: Generally, such emergency loans are associated with heavy interest rates, e.g., Credit Card Loans. PHOCKET’s shopping loans come with low and affordable interest rates, which will give you additional comfort in taking our help over others.

What to keep in mind?

Can you afford the loan amount: and also if the need is a must? Just because instant shopping is available at a good interest rate should not lead you to do impulse shopping or over spend on things that you do not require. Remember debts are there to help you and not to put you in more trouble. Do your financial cash flow check before taking a loan.

Your Credit Score: Loans both improve and sink credit scores. You must not take any loans casually without planning properly else cibil loan score can go for a toss. Pay little but on time and it will improve your credit score.

Alternatives: A credit card gives you around 45 days of interest free loan by swiping card which can be utilized fully. You can also explore PHOCKET’s SHOP NOW PAY LATER scheme and compare EMIs.

So, what are you buying with an instant shopping loan next? Download Phocket — Instant Personal Loan App Now!

[personal-loan]

Want to buy your favorite clothes, gadgets, and other items but are short on cash? No worries, with Phocket Instant Shopping Loan, you can buy your favorite mobile phone, shoes, and other items. Loan amounts range from Rs 5,000 to Rs 2 Lacs.

[personal-loan]

Why should you take a Personal Loan to upgrade your Home Appliances?

The word upgrade rings an alarm. The alarm indicates quite an expenditure. An expenditure that cannot be paid from normal earnings as upgrades are time-bound, mostly in years. So generally we save for the “upgrade” and do it when the need arrives.

In today’s turbulent times of high inflation and volatility, the blue-sky path of saving and spending does not help at all. Most people take on loans to do things. Many say this is progressive too as you are not delaying an upgrade in your lifestyle and rather pay off the debt in installments, the same way you would have saved in installments.

So where does the money come from for an upgrade of the home appliances? Is there a shopping loan or home appliance of a sort? There are personal loans of course and nowadays instant personal loans. Let’s see what they are:

What are Personal Loans?

What is not defined, or you do not intend to explain, is where personal loans come in. Despite many loan instruments made available by the financial industry, it shall never be enough to cover all aspects. It is unfair to think of it too. Home loans, car loans, education loans, business loans, and now shopping loans. Beyond that, there are personal loans for what all is left.

How can Personal Loans act as Shopping Loans?

Although specified credits are available in low or no-cost EMI or credit cards, shopping loans are still a new concept. They are more so unfeasible when the shopping is instant or impulse. Let’s say a sale deal or a limited period offer. Get an instant personal loan and use that as your shopping loan.

Will my credit score affect my ability to take Shopping or Personal loans?

Mostly all reputable instant personal loans now help people with no or low credit scores. Although Cibil Score Loan continue to prevail in establish bank houses, you can avail of instant personal loans at PHOCKET at a low credit score as well.

Why Personal loan for Shopping above other offers?

Credit cards continue to be the most pushed methods of shopping debt through ads, messages, and salespeople being present at the counter. Credit card debt is dangerous in nature due to its exorbitant amount of interest rate. While standing at the shopping mall, you can avail instant credit loans without worrying about CIBIL score and shop freely.

What to keep in mind?

Affordability and the need are a must. Just because instant personal loans are readily available should not mean you should overspend or spend on things that you do not require. Remember debts are there to help you and not to put you in more trouble. Do your financial cash flow check before taking a loan. So what you are buying with an instant shopping loan next.

Thus, the process is smooth and shorter (even less than the reading time of this blog). Be ready with scanned docs and visit the website (or download the mobile app now: Phocket — Instant Personal Loan). Your financial emergency need is no more a problematic event.