A wedding ceremony is a grand celebration and usually features extravagant festivities. The preparations often involve numerous expenses related to décor, venue, cuisine, music and other performances as well as guest accommodations and travel.
Arranging a large quantum of funds for all this can be a challenge, and that’s where a marriage loan comes in handy. This easy loan is a personal loan tailored for weddings and helps you cover all your expenses without compromising on your plans.
A marriage loan is a popular way to get funds as it is quick to avail, has simple eligibility criteria, and requires absolutely no security. Read on to learn more about why marriage loan is an ideal solution to plan your dream wedding.
Collateral-free offering ensures smooth loan processing
A marriage loan does not demand any security since it is a personal loan. This makes it more suitable for a wedding as it is quicker to avail an unsecured loan without any collateral that needs to be verified and approved.
This ensures faster processing of your application and speedier approval of your loan. With lenders disbursing this easy loan in as quick as a few hours, you can get fast access to funds to put down your deposit for the venue, make arrangements for the caterer, book the performers or henna artists and more.
Simple and relaxed loan criteria for easy approvals
Qualifying for a marriage loan is also easy since lenders have simple eligibility requirements. Most lenders assess your eligibility for the loan by examining factors like your credit history, employment, place of residence, income and more.
This translates into simple paperwork to prove your eligibility such as your ID and address proof, bank statements and salary slips. This makes the process of application easy and speedy, so you can focus on planning the wedding.
Ample loan amount to cover a wide range of wedding expenses
This easy loan offers an ample amount that ranges from ₹50,000 to ₹40 Lakhs. This can easily cover all the expenses related to the marriage ceremonies without requiring you to sell your assets or cash in your investments. With less financial stress, you can enjoy the wedding to the fullest!
When choosing the ideal lender, ensure you check the maximum loan amount offered so that you can avail a loan that matches your needs.
Flexible tenure options so repayment never becomes a burden
Once your celebrations are over, you can repay this easy loan without straining your budget since marriage loans offer tenures ranging from 5 months to 5 years. You can choose one
that best suits your finances.
A lengthier tenure can reduce your EMIs, making them manageable and affordable. However, a shorter tenure helps you pay less interest overall. You can choose the right timeline by using an EMI calculator.
This tool can guide you in making smart decisions about the loan amount, tenure and also in planning your repayment.
There’s no denying that weddings are a costly endeavour, but you can handle this with ease when you avail a marriage loan. With the right lender, you not only get approval easily but also enjoy disbursal within a day or less.
As rising inflation is affecting the cost of most things, you can rely on a marriage loan to help you plan your big event without cutting corners. To find and avail an easy marriage loan from leading lenders, use the Bajaj Markets App.
This digital platform is a one-stop solution for a wide range of lifestyle and financial products.
Download the app from the Google Play Store or the App Store to compare various personal loans for weddings and apply for one in minutes!