Concerned about Rakhi celebrations during this crisis times?

The most awaited festival ‘Raksha Bandhan’ is just around the corner and the siblings have already started prepping themselves for the celebrations. However, as the world is currently gripped in Coronavirus pandemic, the celebrations are not likely to remain the same as always. Though it definitely not going to affect the enthusiasm and excitement of the siblings, especially for the sisters, who like every year waits for tons of gifts from their ‘sweet n sour’ brothers.

While sisters are excited, brothers are quite concerned this time. Not because they are not in mood to shell out their savings for ‘always caring sisters’, but because their finances have been hit hard during this time of pandemic.

Notably, most of the businesses are shut and many have lost their primary income sources. Therefore, it is a major concern among the brothers as to how and what to gift their sisters on the special occasion of Raksha Bandhan. However, there is not much to worry about as personal loan comes to your savior as always.

Understanding the current scenario, several banks and financial institutions have come up with their unique personal loan schemes in order to aid all your financial needs. The schemes are specifically designed to understand the needs during the current crisis.

Although, you might be concerned whether it is the right time to opt for a personal loan or should look for other alternative sources of income? So, if you’re too scratching your head to put the right step forward, here’s what you need to know about applying for personal loan during the Coronavirus outbreak.

Evaluate your finances – It is for sure that we are into this crisis time all together and therefore, it is significant to first evaluate the finances before indulging in yet another liability. In case, you’re facing salary cut off or temporary income disruption, then it could be considered to get a personal loan for having Rakhi celebrations as always.

Don’t opt for high value loan – While the financial disruption is temporarily, it is advised to only apply for a loan amount that you can afford to repay at the earliest. In addition, try opting for a short-term tenure to get rid of debt burden as soon as the situation gets back to normal.

Go for budget gifts – Of course, Rakhi is a festival of siblings, but as the current scenario is clearly understood, keep the high-value gifts due for later date, and instead go for budget yet valuable gifts this time. Remember, love and affection is not calculated on the basis of the value of gift, but the emotions and sentiments behind it.

So, as the festival rings in, get yourself bestest memories of all time.