New Delhi, Oct. 6 -- In the run-up to Diwali, it is usual for common people to have a range of expenses lined up. If you do not want to unlock your savings or deposits, you could consider taking out a small loan to meet these expenses.

Typically, it is not advisable toborrow money in cases where it can be avoided, but if it is urgent, you could consider taking a personal loan. Imagine you want to add a room to your house, or you may want to gift something expensive to a special one, or there is an important function to host. Taking a loan for these expenses is not unusual.

These are some of the common reasons for which you could consider taking out a personal loan.

I. Wedding or special function: One of the common reasons to borrow mon...