It is the wish of everyone to have a dreamy wedding. But over the years, the cost of the marriage ceremonies has gone up. It means that if you don’t have enough funds, you may not fulfil your wish of having a wedding of your choice.
But with the facility like the wedding loan, you can relax and avail a considerable loan amount. Let’s know more about the loan for marriages in this short post!
What is a wedding loan?
The wedding loan is designed by top lenders in India to help you get enough funds to manage the expenses of the marriages. It is an extension of the personal loan.
If your CIBIL score is high, you are well employed and have paid your past EMIs on time; you may get the loan approval.
What are the advantages of applying for the wedding loan?
- Higher loan money made possible
Be it the catering, guests’ accommodation, return gifts, decoration or booking honeymoon tickets and more, you can get a higher amount to cover all. Based on your eligibility, you can avail an amount of up to Rs.25 lakh.
- Instant approvals and money disbursements
Applying for the loan for the wedding does not take much time for the approval. You can get the loan approval within minutes. Once approved, lenders may take only up to 24 hours* to disburse the loan amount.
- Flexible repayment tenure
You don’t have to worry about paying a large part of your income towards the loan EMIs. It is because you can spread the loan money over the tenure of up to 60 months and pay smaller EMIs.
Other than these features, the eligibility and documents needed for the wedding loan are also less cumbersome. You can check your eligibility by using the small personal loan eligibility calculator online.
Bajaj Finserv offers pre-approved offers on personal loans, home loans, and more. It is to make the loan processing simpler and faster.
You can share your basic details like the name and mobile number to check your pre-approved loan offers today.
