Colors, vibrancy, and glamour –the three key elements that make up a successful Indian wedding! Couple it up with an array of mouth-watering multi-cuisine delicacies; your marriage is all set.
Every bride or groom wishes to give their D-day that perfect scenic backdrop. Destination weddings are the theme for this season. So, if you reside in the subcontinent and are planning to tie your knot, then get ready to dig deep in your pocket.
However, if stress marks have already begun to deck your forehead, then worry not! With a personal loan from lending organizations such as Bajaj Finserv, turn your destination wedding dream into a reality in no time.
How is Personal Loan Effective?
The most important benefit of a marriage loan is that it is unsecured. In other words, you as an applicant do not need to pledge any asset as collateral; thus, preventing any loss under unprecedented repayment hassles.
Any wedding planning includes managing multiple facets such as catering services, décor & lighting as well as residential intricacies. Thus, this freedom of application allows you to use the financial boost in areas that serve you best.
Having said that; these personal loans bring forth a number of benefits as mentioned below.
a) Pre-approved loan offers –
Gone are the days when one had to stand in long queues – firstly to know their loan seeking eligibility and secondly to get it sanctioned and disbursed. Today, most reliable financial institutions provide pre-approved offers on their marriage loans, home loans, personal loans and other financial services.
Pre-approved offers not only to make the process of availing financing easier but also save time. All one needs to do is enter a few basic details in the respective online portals and know their pre-approved loan offers.
Note: Remember your CIBIL score is a reflection of your loan repayment capabilities and must be above the 750 marks for hassle-free loan disbursal.
b) Competitive Interest Rates –
Most of these loan offerings come at competitive and affordable interest rates on personal loan making them all the more feasible to applicants.
c) Flexi Loan Facility –
A Flexi Loan facility provided by Bajaj Finserv allows you to withdraw the required sum as and when required. Additionally, one needs to pay interest only on the amount borrowed. Moreover, he or she can choose to pay only the interest as EMI and repay the entire loan amount at the termination of the loan tenure. This is one of the most attractive low-interest rates on personal loans.
d) Flexible Repayment Tenure –
Today customers can choose the tenure of repayment as per their convenience. It can extend from a few months to a few years. In other words, longer the tenure, lower will be the total EMI you pay for the loan and vice versa.
Hence, keep your EMI payment hassles away from your wedding worries. Pay as you desire and make your dream wedding a grand success.
Note: Use a personal loan EMI calculator to know the amount payable based on your loan amount.
Additional Benefits and Eligibility
Most renowned lenders offer a marriage loan to their applicants with minimal or no documentation, e.g.:
-- Employee ID card
-- Previous three months’ bank salary statements
-- KYC documents
-- Salary slip for the last two months
Other than this, additional personal loan eligibility includes:
-- The applicant as a salaried individual from a private or public sector or an MNC.
-- Must be between 23-58 years of age.
-- Must possess a domicile in the Indian subcontinent.
So, use a loan calculator to gauge your repayment capabilities before you apply for a personal loan. With authentic and dependable financial institutions such as Bajaj Finserv at your disposal, turn your big fat wedding dream into a reality.
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