In every Indian household, the savings for a wedding begin from the day the child is born. Well perhaps not the day of, but any wedding in a family is a grand affair and friends, family and loved ones from all over come together to celebrate this grand affair. While weddings can be a great cause of celebration and togetherness, you should ensure that you do not burn a hole in your savings and your wallet trying to pay for one. You can manage the expenses of your wedding by taking out a personal loan for your marriage to help out with some of the financial pressures. Here are some reasons why you should take out a personal loan for marriage:
1. Instant distribution of funds
One of the most lucrative features of taking out a personal loan for marriage is that the funds can be disbursed to your bank account, almost immediately. For instance, if you get a personal loan for your wedding on Finserv MARKETS, the process of applying for the loan is paperless and absolutely instant. Bajaj Finserv Wedding Loans available on Finserv MARKETS take flat three minutes to be approved, and once they have been approved, you can expect the loan amount to arrive in your bank account within 24 hours. Yep, you read that right: 24 hours! No hassle about collecting documents or waiting for funds to reach your bank account. Get immediate approval and funds.
2. No need to provide a collateral
Personal loans are unsecured loans. This means that you do not need to put up any collateral to secure the loan. This makes the process of obtaining a personal loan hassle free and without any major paperwork. Usually, processing of a loan takes longer as there is an asset to be pledged as collateral. Banks and lending institutions have to get the asset valued and appraised before deciding how much loan can be disbursed on its account, making the process even longer.
3. No need to blow all your savings
We all know that most Indian families save for years for a wedding. While weddings are a great reason to celebrate with your friends and family, it might not be the most prudent decision to spend your entire savings on a single event. Life is unpredictable and you will certainly have many other big financial obligations which you could use your savings for. Not to mention just having some savings for any kind of medical or other emergency is also very necessary. Hence, instead of blowing up all your savings on a wedding, you should consider taking out a personal loan for marriage. On Finserv MARKETS, you can also avail personal loans for marriage with a tenure of 12-60 months along with lucrative Bajaj Finserv Wedding Loan Interest Rates.
4. Manage any last minute unpredictable expenses
Weddings are an elaborate affair and last minute unpredictable expenses can often pop up, including booking venues for the caterer, buying jewellery, paying additional staff or waiters, amongst several others. It can be hard to liquidate other assets to secure payments on such short term notice. This is when personal loans for weddings come into the picture. You can use them to pay for any last minute wedding-related expenses without having to worry about getting slapped with a high-interest rate charge. In fact, for most personal loans, the eligibility criteria is easy to match and if you have a strong credit history, you can obtain an attractive rate of interest.
5. Choose a repayment tenure as per your financial capacity
A great feature of personal loans for weddings is that there is no added pressure for paying back your loan in a short amount of time. Most wedding loans such as those offered on Finserv MARKETS have a flexible repayment capacity. Bajaj Finserv Wedding Loans offer customers a flexible repayment capacity of 12-60 months, ensuring you have a plethora of time to pay back your personal loan. Such flexibility allows you to enjoy during the wedding without constantly worrying about finances.
So do not let anything stop you from having your dream wedding. Use wedding loans available on Finserv MARKETS to make your dreams a reality. A Hybrid-Flexi Personal Loan may be most appropriate in the context of a wedding. It allows you to withdraw the funds you need at any given moment without filling out any additional documentation. You keep complete flexibility and control of your interest amount. Moreover, in the initial period of the loan, you only pay the interest amount as EMI. You will find the online loan processes at Finserv MARKETS to be transparent and simple to understand. Loans are disbursed rapidly with minimum documentation required.
Get to know how personal loan can take care of your holiday. Manage your wedding expenses with marriage loans.
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