Multiple banks. Different interest rates. Call it a "conflict of interest".

    Tips to remember when availing a personal loan this Diwali

    Festive season is a time when you tend not to think before loosening your wallet, more so during Diwali. It is at that time when you might think of taking a personal loan. Personal loan is an unsecured loan which helps us meet any immediate financial requirement. With minimum documentation and easy processing, the loan amount gets transferred into your bank account in no time. Diwali is a time when most people indulge in expensive purchases as it is considered to be an auspicious time of the year. Therefore, banks and lenders also come up with special loan discounts such as low interest rates, etc.

    However, before giving into the temptation of Diwali special personal loans, remember to keep some important things in mind.

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