Weddings are memorable occasions that mark the beginning of a life together. That is why you naturally want your special day to be memorable. A pleasant atmosphere and delicious food go a long way toward creating a festive atmosphere, and you may wish to celebrate the event with your friends and family as well. However, for many couples, this also means that the cost of planning a wedding is prohibitively exorbitant. So what happens if you don’t have the financial means to plan the wedding of your dreams? The process of funding a wedding can be made easier with a personal loan for marriage.
Listed below are the top reasons to apply for a Personal loan for marriage
It is very easy to apply online
A personal loan for marriage can be applied online in just a few minutes. You must provide basic information in your quick personal loan online application, such as your name, date of birth, salary, and employer name, among others. So, you can spend more time planning your wedding than filling out an application after applying for a loan.
A loan offers you ample funds for the wedding of your dreams
For all wedding expenses relating to venue and décor, wedding attire and jewelry, honeymoon, and travel, you can get a personal loan for up to Rs.25 lakh with a flexible repayment policy. Depending on your tenor, you have the option of 24 to 60 months to repay the loan.
Fast Disbursal Rate
The application process for a personal loan for marriage is simple and convenient, and once you’ve been approved, you just have to upload your paperwork to get the money in your bank account. Bajaj Finserv provides one of the fastest disbursement of a personal loan by ensuring that it reaches you within 24 hours of approval.
Eligibility criteria are simple, and the approval process is quick
A personal loan application has several qualifying requirements that are simple to meet. The basic eligibility criteria are that you must be a salaried employee who does not owe a significant amount in back taxes. In a matter of seconds, you may determine whether or not you meet the requirements for the lowest personal loan rates by using the personal loan eligibility calculator. Furthermore, after submitting your online application, you will receive notification within 5 minutes of whether or not your personal loan for marriage has been approved.
It reduces your financial stress by organizing your payments into monthly installments
By dividing your quick personal loan amount into convenient EMIs, this loan makes paying your wedding expenses easier than paying for everything at once. According to your income and ability, you can choose a repayment period that is more suitable for you. You can afford the wedding expenses by applying for this loan at a nominal interest rate.
With a line of credit, you can deal with unexpected wedding expenses
Frequently, last-minute expenses increase the stress of planning a wedding by increasing the money spent. An unsecured line of credit is ideal if you are unsure of the actual cost of your wedding or wish to save a specific amount aside in case of an unexpected expense during your wedding planning. Bajaj Finserv’s personal loan for marriage gives you the flexibility to borrow as much as you need from a credit line whenever you need it, with their Flexi facility. The best thing is that you will only be charged interest on the amount of money that you have borrowed.