The start of adulthood signals the beginning of many exciting developments in your life. We list the 5 most important things you can do when you cross over into your 20s.

Turning 21 is a landmark event in every person’s life. You are considered an adult in every sense of the term, and the world is your oyster. But apart from being able to do pretty much whatever you want, turning 21 also allows you to

#1 Apply for a home loan

Now that you are 21 years of age, it’s time to buckle down and get serious about the important things in life – like buying your first house. Buying a home in India’s overpriced realty market is an achievement indeed, so the sooner you get a head start on it, the better for you.

You must be 21 years of age and have a regular source of income to avail of a housing loan in India. Start by checking your housing loan eligibility on your bank’s online eligibility calculator.

Once you know your housing loan eligibility, you can streamline your house hunt and find properties within budget. After this, you can apply for the housing loan and buy your first house!

#2 Drink alcohol in most States

India has imposed a legal drinking limit of 25 years on all Indian citizens. However, what you probably didn’t know was that there are certain age relaxations to this rule in many States.

For example, you can legally consume alcohol at age 21 in Madhya Pradesh, while you can consume beer if you are 21 years old in Maharashtra. In fact, many Indian States recognize 21 years as the legal drinking age.

#3 Get married if you’re a man

You may have found your soulmate already, but as a man, you must wait till you are 21 years old to get married. Women can get married at age 18 years in India. So, if there is a significant other in your life and you wish to get married, this could be the year to do it.

Also Read Checklist before You Get Married

#4 Apply to adopt a child

A growing number of couples and singletons are opting to adopt children in India. But you must be 21 years of age to be able to institute inquiries or even initiate adoption proceedings in India. If you are certain about your decision to adopt, have found a child that you would like to adopt, and have a regular source of income and a legal residential address, then you can initiate the adoption procedure this year.

#5 Register and start your business

You are legally allowed to start a business as an adult, i.e. when you turn 18 years of age. However, most Indian States insist on business owners being 21 years of age if they wish to register the business. Furthermore, you are expected to be 21 years of age if you wish to take a business loan from a bank or NBFC in India. On an unrelated note, you must also be 21 years of age and with a regular income if you wish to buy personal insurance.

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