Top 5 Diwali Gift Items in India

Diwali, also known as the Festival of Lights, is one of India's most celebrated festivals. It's a time of joy, love, and togetherness, marked by the exchange of gifts among family and friends. Choosing the perfect Diwali gift can be quite a task, but don't worry, we've got you covered!

In this article, we'll explore the top 5 Diwali gift items that are sure to delight your loved ones. We'll also discuss how to avail of personal loans for gifts, with a focus on KreditBee, a popular online lending platform.

So, let's dive into the festive spirit and find the perfect Diwali gifts!

1. Start Their Financial Journey with a Savings Account

   A savings account may appear ordinary, but it can be a remarkable gift, especially for young adults just starting their careers. By opening a savings account in their name and depositing an initial amount, you're kick-starting their financial journey. This gift promotes the habit of regular saving and financial responsibility, and also offers the convenience of e-wallets and mobile banking.

   Extend this gift to those who support your household, such as domestic help, and help them create a financial cushion for unexpected expenses.

2. Give the Gift of Financial Security with an Emergency Fund

   An emergency fund is like a financial umbrella that shields your loved ones from unforeseen financial crises. This Diwali, consider contributing to their emergency fund, providing them with a financial safety net. Many of us receive Diwali bonuses, making it a practical choice to allocate a portion to boost this fund.

   Educate your loved ones on the importance of maintaining an emergency fund for financial stability during unexpected circumstances.

3. Health and Life Insurance: The Gift of Protection

   The rising costs of healthcare and life's uncertainties have made insurance more critical than ever. This Diwali, consider gifting health and life insurance policies by covering the premiums. Comprehensive insurance coverage ensures financial security and peace of mind.

   Extend this valuable gift to your parents, in-laws, and loved ones, securing their financial future and providing them with the means to fulfil their financial needs, even in your absence.

4. Unique and Practical: Gold ETFs

   While gifting physical gold is a tradition during Diwali, you can provide a unique and more practical alternative by investing in Gold Exchange-Traded Funds (ETFs). Gold ETFs offer exposure to the price of gold without the expenses and risks associated with physical gold.

   As gold is a reliable asset during economic crises and market volatility, gifting Gold ETFs is an investment in your loved ones' financial security and future prosperity.

5. SIP in Mutual Funds: A Box of New Financial Beginnings

   Instead of the traditional box of sweets, present your loved ones with a box of new beginnings. Introduce them to mutual funds through a Systematic Investment Plan (SIP). SIPs allow for regular investments with monthly or quarterly intervals, supporting various financial goals such as vacations, weddings, car purchases, retirement planning, and more.

   Investing in mutual funds is a systematic way to create wealth, but it is crucial to select schemes that align with their risk tolerance and financial objectives.

How to Avail Finance for Gifting with KreditBee

If you're looking for a personal loan for gifts, KreditBee is an excellent option. KreditBee is a popular online lending platform in India that provides personal loans to meet your financial needs. Here are the steps to avail finance for gifting through KreditBee:

1. Download the KreditBee App: Start by downloading the KreditBee app from the Google Play Store or Apple App Store on your mobile device.

2. Registration and KYC: Sign up by providing your basic information and complete the KYC (Know Your Customer) process. You'll need to upload your ID and address proof documents for verification.

3. Choose Your Loan Type: Select the loan type that best suits your needs. KreditBee offers various loan options, including personal loans, instant loans, and more.

4. Loan Amount and Tenure: Specify the loan amount you require and choose the repayment tenure that aligns with your financial capability. KreditBee offers loans ranging from 1 thousand to 4 lakhs of rupees.

5. Submit Your Application: After entering the loan details, review your application, and click on "Submit." Your application will be processed for approval.

6. Approval and Disbursement: Once your application is approved, the loan amount will be disbursed to your registered bank account. The process is quick, and you can receive the funds within hours.

7. Use the Funds for Gifting: You can now use the disbursed funds to purchase the Diwali gifts you've been eyeing.

8. Repay the Loan: KreditBee offers flexible repayment options, allowing you to repay the loan in instalments. Make sure to meet your repayment obligations on time to maintain a good credit score.

Conclusion

Diwali is a time of joy, love, and togetherness, and choosing the perfect gift is a beautiful way to express your affection for your loved ones. Whether you opt for traditional gifts like gold coins or choose modern and personalised items, the key is to celebrate the festival with enthusiasm and happiness.

With the help of online lending platforms like KreditBee, you can avail yourself of a hassle-free personal loan for gifts. The user-friendly app ensures a seamless loan application process, allowing you to bring smiles to your loved ones' faces this Diwali. So, this festive season, embrace the spirit of giving and celebrate Diwali with style and warmth. Happy Diwali!