With Raksha Bandhan approaching, the season of sibling bonding and love is here! This year, why not go the extra mile and surprise your beloved sibling with a gift that truly reflects the depth of your affection and the relationship you have with them? Whether it is your sister or your brother, this is the perfect occasion to show them how much you care for them and appreciate them with a token of gratitude.

Here is a list of gift ideas that will surely light up their faces and make this Rakhi unforgettable. And don't worry about budget constraints – a personal loan can help make these dreams a reality without compromising on the love you wish to express to your sibling.

1. Dream vacation

Imagine the joy on your sibling's face when you surprise them with an all-expenses-paid vacation to a place on their bucket list! Whether it's a beach getaway or a tranquil mountain retreat, a vacation is a gift that creates cherished memories to last a lifetime. The best part about this gift is that you can plan a vacation for the two of you together or with your entire family, spreading joy to all your loved ones. This gift will be precious not only because you will be funding it but also because you will be taking care of all the planning and logistics so that your sibling doesn’t have to worry about anything and can simply kick back and relax.

As for funding the trip, you don’t have to worry about the budget. You can apply for a personal loan of up to Rs 40 lakh with flexible repayment options and competitive personal loan interest rates. So, there is no need to compromise on the travel destination, the duration of the vacation, or the number of family members you want to include.

2. Precious jewellery

Jewellery is a timeless gift that beautifully encapsulates the essence of Raksha Bandhan. Be it an elegant ring, a dainty necklace, or a statement bracelet, jewellery is a great gift option for your sibling. You can make this gift more special by customising it. For instance, you can consider your sibling’s zodiac sign and the gemstone that is best fit for them. For Cancer it is pearls, for Taurus it is emerald, for Aries it is diamond, etc. Or you could also get the piece of jewellery engraved to make it more meaningful. While you are at it, you could also get matching jewellery for you and your sibling so that no matter where in the world the two of you are, you will always have this tangible token of siblinghood.

Jewellery can be a high-ticket item to purchase and it’s advisable to consider what your Equated Monthly Instalment (EMI) for the personal loan will look like before you take one to make this purchase. You can make use of a personal loan EMI calculator to find a repayment plan that suits your budget. This is important because you want to make sure you can easily pay off the loan over the tenure without stressing.

3. Latest gadgets

Is your sibling a tech enthusiast? Then this Raksha Bandhan, you must surprise them with the latest gadgets that'll leave them awestruck! Whether that’s smartwatches, noise-cancelling headphones, a phone upgrade, or an e-reader, a gadget like these can not only bring excitement but also add utility to their daily life. You can also consider giving them a whole ecosystem of gadgets.

The best part about personal loans is that you do not have to utilise the funds for a specific pre-defined reason like is the case with home loans and car loans. You can use the funds as you see fit for buying whatever gifts you would like for your sibling. In fact, you can mix it up and gift them a piece of jewellery and a gadget. Hence, you have the flexibility you need to give your sibling the best gifts this Rakhi with a personal loan.

4. Designer clothes

Is your sibling the fashionista of the family? If so, then this Raksha Bandhan, you can gift them designer clothing and accessories to upgrade their wardrobe to that of a true fashion icon. A tip for this option is to give your sibling a budget, say Rs 2 lakh, and allow them to buy the outfits and accessories they like. This is because their style may be unique and letting them pick their gift would be a more thoughtful gesture in this case.

Taking your sibling to a high-end mall on Rakhi or during the same week and asking them to buy whatever they like is also a gift idea that can come in handy if you are busy and don’t have the time to prepare something in advance. The best part is that you can apply for an instant personal loan in a matter of a few clicks and have the loan proceeds disbursed to your bank account in just a few hours. The documents required for such instant loans are also minimal and you can apply for an instant personal loan of up to Rs 5 lakh easily.

6. Spa and wellness retreat

Is your sibling overworked in today’s hustle culture? Do you think they need a break from social media and doomscrolling? Maybe some time to relax and rejuvenate before they can come back and deal with all the lemons life is throwing at them? In that case, you can gift them a weekend getaway to a luxurious spa and wellness retreat. In fact, you can go along with them if you need to unwind too and would love to spend some quality time with them.

You can find a range of serene spa and wellness retreat options around every metro city. Pick one that balances luxury and mindfulness to have a serene stay.

7. Skill enhancement courses

You can invest in your sibling’s future by funding a course that would help enhance their skills or allow them to explore certain interests. It could be a language course, a marketing workshop, or a semester at a foreign university. Whether your sibling is currently a student or a working professional, giving them a gift that enriches their knowledge and skills this Raksha Bandhan can be a great idea.

You can use a personal loan to fund such a course or class for your sibling. And the best part is that the personal loan eligibility criteria is simple and does not require any collateral. So, you can apply for a personal loan without having to offer an asset as a guarantee. You simply need a stable job with a regular income flow and a good credit score. The higher your credit score, the better personal loan interest rate you can negotiate.

Get gifting right this Raksha Bandhan

Now that you have gone through the list, you may be teeming with ideas to delight your sibling. But before you start shopping or booking things for the same, take a minute to assess your personal loan eligibility and use the personal loan EMI calculator. Once you have done this, you can confidently apply for a personal loan and procure the funds you need to buy just the right gift for your sibling this Raksha Bandhan.

Latest Comments

Leave a Comment

200 Characters

Related Information

Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.