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Here’s how a personal loan in Delhi can help you in case you are cash-strapped



Delhi, being one of the largest commercial centres in North India houses lakhs of salaried professionals employed in banking, media, IT, hospitality and tourism industries. But as exciting it is to live in a metro city like Delhi, the high cost of living here can put a strain on one’s finances.

Living expenses like paying rent, food costs and others can eat up a significant portion of your monthly earning, making it difficult for you to manage other emergency financial expenses. Additionally, spending a high amount on basic expenses can make it difficult for you to save enough to take care of any financial emergencies. In spite of planning a budget and keeping other expenses low, you can be left with no money to handle any events that require financial assistance. This is when getting a personal loan in Delhi can help you in case you are cash-strapped.

What is a personal loan?

A personal loan is a short-term loan that can be availed to take care of various financial expenses that can otherwise make it difficult for you to address emergency situations. This type of loan is unsecured and this means that you don’t have to offer any security to the lender to avail the loan amount. The application process for this loan type is simple and does not require you to do any paperwork, thus making it a cakewalk for you to get the loan amount. 

Over the last few years, getting an instant personal loan in Delhi has become simple owing to the simple application process. 

Reasons to take a personal loan in Delhi

There are different situations in which taking a personal loan in Delhi can help:

Handle unexpected expenses: Unexpected situations can certainly make you run from pillar to post to not just take care of the event but also to manage the finances. In such cases, taking a personal loan can provide a great sense of respite. With an unsecured loan, you can take care of medical bills, home renovation, wedding expenses and other events that require quick financial assistance. For instance, in the middle of the wedding in case you don’t have enough funds in hand to pay the caterer, then taking a personal loan can help you handle the situation easily.

Rent and housing: Housing in Mumbai comes at a high cost that will require you to splurge a large part of your monthly budget. Whether you live in a rented apartment or are looking to buy your own space, a personal loan can help you easily take care of such expenses. If staying on rent, it is important to know that you will have to do a down payment that will be with the landlord as security deposit and additionally you may also be required to pay 3-6 months’ rent in advance. Such expenses can cause you to dig up your savings, but instead of doing so, you can opt to take a personal loan and take care of the expenses. Additionally, if you are buying your own house, then it is important to know that home renovation and maintenance costs are quite high in Delhi. 

Consumer purchases: Thinking of replacing your old phone, laptop or computer? Then you can do so with the help of a personal loan without thinking much. Today, lenders in India offer personal loans of an amount as low as Rs. 20,000. This ensures that you get to opt for an amount you need rather than taking a huge amount. Personal loan interest rates in Delhi start at an EMI as low as Rs. 2500/lakh. You can also use the personal loan amount to finance your two-wheeler or four-wheeler purchase.

Travel or celebration purpose: One of the best reasons to reside in a city like Delhi is that you always have something to do. If you plan to travel, then you can explore nearby states like Himachal, Punjab and others with ease or can also be a part of various music, dance, comedy events that are conducted in the city almost every weekend.  

Debt consolidation: When in urgent need of a high amount of money, one credit line might not be sufficient, so, at times, we resort to taking funds from friends and family. At times, we also end up swiping credit cards or taking multiple loans. To cater to such emergency, we often end up in a debt trap that makes it hard for us to take care of basic monthly expenses. If you are in such a situation, then taking a personal loan in Delhi for debt consolidation can help as you will only have to pay one single EMI towards the amount you borrow from the lender. This also helps you in reducing the overall interest you pay to various lenders.


Delhi might be an expenses city to live in, but with a personal loan, you can always keep your expenses in check. You can apply for a personal loan in Delhi today with Upwards and get instant approval and disbursal in just 48 hrs.

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