6 Reasons Why You Should Finance Your Wedding With A Personal Loan

Let’s take a closer look at the benefits that you get when you choose a personal loan to finance your wedding.

A spectacular wedding needs the right financial planning.

(Photo source: iStock Images)

Today, a wedding goes beyond traditional rituals. It is a large-scale celebration that brings together friends and family and is full of themed decor, the best of world cuisine and top-notch entertainment. And if you are in the process of planning a spectacular wedding, it helps to have the right financing.

Twenty percent of all loans taken by young Indians in 2018-19 were for weddings, and it’s hard to argue with the thinking behind this. Applying for a personal loan online is easy, convenient, and can help you manage almost any kind of expense – planned or unplanned – without compromise. Not only can you cover all the costs of your wedding, but you can do so while preserving your savings.

Let’s take a closer look at the benefits that you stand to get when you choose a personal loan to finance your wedding.

(Photo source: iStock Images)

A high loan amount for all your needs

A grand wedding with multiple events is an expensive affair. There are innumerable costs involved at every stage, right from booking the venue, caterers, bridal hair and make-up artists to the photographers. So, it’s best that you estimate the amount you need before you apply for a personal loan online. To ensure that you can cover planned and unplanned costs through a single loan, Bajaj Finserv’s Personal Loan for Wedding offers up to Rs.25 lakh at competitive personal loan interest rates.

Use the funds flexibly, without any restrictions

Once the loan amount is disbursed to your account, there are no restrictions on its use. You can purchase designer wedding wear, commission a wedding film, plan the honeymoon or make stay arrangements for your guests.

Moreover, Bajaj Finserv offers you the Flexi Loan facility for all expected and unexpected expenses. This allows you to borrow from the total sanction in parts, as and when you need money, and pay interest only on what you use. You can withdraw as many times as you wish to, without any additional charges or paperwork. To make cash flow management easier during this busy time, Bajaj Finserv also gives you the option to pay interest as EMIs for the initial part of the tenor.

Meet very simple eligibility criteria

Wedding preparations are time-sensitive, especially if you are getting married during peak season. To get the vendors of your choice, you have to make bookings and reservations quickly. As a result, it’s important that you have the financing you need.

Bajaj Finserv ensures this by offering you a Personal Loan on simple eligibility terms pertaining to your age, citizenship, employment and monthly salary. Moreover, once you meet these criteria, you only have to submit KYC documents, salary slips, bank account statements and employment proof to apply for a personal loan online.

Benefit from hassle-free application and instant approval

Apart from nominal personal loan interest rates, Bajaj Finserv has a straightforward application process. All you need to do to is fill an online application form with basic personal, financial and employment details. You get approval in just 5 minutes, after which the sanctioned amount is disbursed to your account in 24 hours.

Make repayment convenient by choosing a long tenor

Before you apply for a personal loan online, consider your repayment capabilities. Your EMIs depend on the loan amount, tenor and personal loan interest rate, and by entering these values into a personal loan EMI calculator, you can view your EMIs. Accordingly, you can determine the tenor that’s most convenient for repayment. In this regard, Bajaj Finserv eases any concerns that you may have by offering you a lengthy repayment tenor of up to 60 months.

Use online facilities to manage your loan on the go

To make managing your loan a breeze, Bajaj Finserv allows you to access all your loan details online, by logging into a secure customer portal. You can check the status of your loan, your repayment schedule and even pay your monthly installment from anywhere, at any time, in just a few clicks. In fact, you can also request funds through the Flexi facility online.

Now that you know how a personal loan helps you plan a memorable wedding, check your pre-approved offer from Bajaj Finserv to get access to financing instantly at nominal personal loan interest rates.