New Delhi, Oct. 10 -- If you are planning to celebrate Diwali with a lot of fervour and may fall short of money, then you may consider raising a loan from a bank or NBFC.

With instant loans available at the tap of your phone or click of a mouse, there are plenty of options to go around. Whether it is to buy an expensive gift for a host of clients or to get some repairs done at your house, you may need urgent funds during the ongoing festive season.

However, before you decide to go for it, you must consider the following points carefully.

I. Urgent or discretionary: First of all, you must make sure that the expense is urgent and not discretionary. For instance, getting house repaired may be urgent renovation could be discretionary.

II....