The festive season in India usually starts around October with various festivals including Navratri, Dussehra, Durga Puja, Dhanteras Diwali, Eid, and Gurpurab, and continues till December culminating with Christmas and New Year Celebrations. Diwali is one of the most important festivals in India that consumers associate with shopping, gifting, homecoming, apparel among many other festivities. During this period, consumer spending goes up and so does the demand for funds. Many top brands, and e-commerce players such as Amazon, Flipkart, Myntra, JioMart, Bigbasket, Shoppersstop, and Croma among others come up with various festival sales such as Amazon Great India Festival, Flipkart Big billion days that encourage consumers to shop more. Consumer spending goes up across segments such as housing, automobile, apparel, consumer durables, dining and traveling. This is also followed with the wedding season when the consumer's shop even more to drive overall consumer spending. Given a surge in demand, the need for instant funds also goes up and a lot of consumers look for personal loans to cater to their needs. Some of the top reasons for taking personal loans during the festive season include Traveling to their homes Wedding in the family New vehicles Consumer durables House upgrade Home Improvement Shopping for gadgets Gifting Vacation Given the surge in demand, consumers must keep the below things in mind while choosing their preferred brand for taking instant funds. Check your eligibility and the need There are fintech players such as Stashfin that can help you with the right amount of funds that will cater to your needs which traditional banking players may not be able owing to their underwriting capabilities and the way they are able to scale up very quickly given the demand for the season. Keep your credit score high The importance of a good credit score goes up even more. Based on your credit scores, your eligibility and rate of interest will be decided. Therefore, it’s a good idea to check your credit score regularly. Also, make sure that you pay EMIs on time. Beware of frauds Don’t fall for debt trap or share your personal details such as CVV/OTP or click on any suspicious links as certain fake apps also get very active during this period Check all T&Cs and charges when taking a personal loan It’s important to read all the documents carefully to ensure that there are no hidden charges in the loan that you are borrowing. Check the background of the fintech players It’s important to check the background of the apps and take personal loans only from RBI-regulated entities so the processes are seamless. Given the surge in the demand, players like Stashfin have exclusive offers and benefits for their consumers such as Instant funds up to Rs. 5 lacs, direct bank transfers, attractive interest rates, instant approvals, quick process, which is completely digital, exclusive rewards. To apply for a Stashfin loan, you can download the app here Stashfin - Credit Line & Funds - Apps on Google Play or apply on the website Stashfin