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Festival Loan

Up to ₹ 2 lakh · interest from 14% p.a.

Festival Loan when you need it.

A festival loan is a small personal loan to help you celebrate the season — Diwali, Eid, a local festival — without straining the month's budget.

Festival Loan icon

What you can use it for

Festival shopping and gifts

Sweets and celebrations

New clothes for the family

Home decoration

Travel to be with family

Key facts

Loan amount
Up to ₹2 lakh

Interest
From 14% p.a.

Processing fee
From 2% (one-time)

Age
18 years & above

Who can apply

Indian resident, aged 18 or above.

A steady source of income — salaried, self-employed, or gig.

A valid PAN and a bank account in your name.

First-time and thin-file borrowers are welcome.

Documents you'll need

PAN card (identity proof).

Aadhaar or another address proof.

Recent bank statement (often verified via Account Aggregator).

Income proof, where applicable.

Festival Loan: frequently asked questions

It's a personal loan used for festival spending — shopping, gifts, travel, or gatherings. The product and process are the same; the use case is seasonal.

Once the Lender approves, funds usually reach your account quickly on a working day. Applying a few days ahead of the festival is sensible to allow for verification.

Charges depend on the Lender's policy and are disclosed before you accept the loan. Always review the schedule of charges shared with your offer.

Typically identity, address, and income proof such as Aadhaar, PAN, and recent bank statements. The exact list is confirmed during the application.

Loan Tenure, Interest & Charges

Repayment Tenure
Minimum 3 months · Maximum 12 months
Interest Rate
From 14% p.a.
Processing Fee
From 2% of the loan amount
Cooling-off Period
1 day from disbursal
Representative Example
Loan Amount
₹50,000
Interest Rate
14% p.a.
Repayment Tenure
12 months
Processing Fee (2% of loan amount, inclusive of 18% GST) (A)
₹1,000
Monthly Instalment (EMI)
₹4,489
Total Interest Paid (over 12 months) (B)
₹3,872
Total Cost of Loan (A+B)
₹4,872
Total Amount Payable (over 12 months)
₹53,872

Illustrative example for a ₹50,000 loan repaid over 12 months at an interest rate of 14% p.a. with a processing fee of 2%. Your own interest rate, processing fee and other charges are set on a risk-graded basis by our RBI-regulated NBFC partner, Collocate Merchants Private Limited (RBI Certificate of Registration No. B-05.05188), and vary with your credit profile, loan amount and tenure. Every charge that applies to your loan is set out in full in the Key Fact Statement, which you receive before you accept any loan.

Charges Levied by the Lender

Interest Rate
From 14% p.a., set by risk profile
Processing Fee
From 2% of the loan amount, set by risk profile
Late Payment Fee
₹500 or 3% of the overdue amount (whichever is higher)
Bounced Payment Fee
₹500 + GST
Mandate Rejection Charges
₹250 + GST

All fees and charges are communicated to you upfront in the Key Fact Statement before you accept a loan. Loans are sanctioned and disbursed by Collocate Merchants Private Limited; approval is at the sole discretion of the partner NBFC.

Personal loan calculator

See exactly what you'll pay back.

No surprises. No fine print. Move the sliders and see your repayment plan.

Loan amount
₹10,000
₹5,000 ₹2,00,000
Interest rate (per annum)
14.0% p.a.
14% 30%
Repayment tenure
6 months
3 months 12 months

How we calculate: Your instalment is worked out on the loan amount, the annual interest rate applicable to your risk profile and the number of months you choose, with interest charged only on the amount still outstanding. A one-time processing fee applies separately. This is an indicative estimate only — your final tenure, rate and charges depend on your credit profile and our partner NBFC’s policy, and are set out in full in the Key Fact Statement before you accept any loan.

Loan amount selected
₹10,000
Loan amount selected ₹10,000
Monthly instalment ₹0
Total interest ₹0
Total amount ₹0
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