Indian big fat weddings always come with heavy expenses that can easily drain one’s savings account. From planning your big day to booking the venue, deciding theme, accommodation, buying gifts, jewelry, photography, caterer, there are various costs that are always involved and need to be addressed. Every little expenditure must be taken into consideration while budgeting your wedding cost. There is no doubt that weddings can hit your savings badly. Fortunately, you have an option to opt for financial assistance that can help you to pay all your expenses without affecting your savings. In the current financial market, there are multiple options to rely upon for that perfect wedding. But if you are looking for the most reliable and versatile credit form, then instant personal loans are the best option because of their ease of application, quick processing, and disbursement. Apply loan online, submit documents, get the loan amount in your bank account within hours – The process is as simple as that.
A personal loan is an unsecured collateral-free loan that can be used to fulfill any wedding expense. Collateral-free means you don’t have to pledge or mortgage any assets for security purposes which makes you stress-free during this joyous occasion. Taking a personal loan has become more affordable, low interest rates and flexible repayment plans make this financial tool the most popular one among the young generation. Let us understand the advantages of taking a personal loan for meeting the expenses of marriage.
Benefits of Taking Quick Loan to Manage Marriage Expenses
- A personal loan is collateral-free in nature, so you do not need to pledge any asset for security reasons. This feature makes this financing option accessible to more people.
- Minimum paperwork required to apply loan online. Fill in the online application and upload the necessary documents for verification.
- Quick disbursement makes personal loans the most convenient option especially when you are looking for wedding funds. Once your profile and documents are verified, the approved loan amount will get disbursed to your bank account within 24-36 hours.
- Personal loans come with flexible repayment plans, ranging from 5 to 7 years or more. You can opt for the loan for the longest period & choose to pay off the loan amount at your convenience.
- Quick loans are cheaper than credit cards. Credit card charges more than 25% interest rate annually while personal loans come with competitive rates starting from 10% p.a.
- Wedding expenses are endless. Before you apply loan online, plan your wedding and an approx. budget, then proceed with your loan application. At Buddy Loan, you can opt for a loan up to Rs. 15 Lakhs at a lower interest and convenient repayment tenure.
- No prepayment penalty or hidden charges, the loan procedure is completely transparent.
Eligibility Criteria to Apply Loan Online
If you are a citizen or resident of India over the age of 21 years and earning more than Rs 18,000 monthly, then you can apply for a loan without any hassle.
How to Apply for a Personal Loan to Meet Marriage Expenditure?
Applying for an instant loan is extremely easy and simple. All you need to do is to fill in the application form online and upload the following documents –
- For identity & residential proof – PAN Card / Aadhaar Card / Passport / Aadhar Card
- Salary slips for the last 3 months
- Bank statement for the last 3 months
Once you submit the application, the lenders will evaluate your documents, determine your credit score, and look for the other factors before approving your loan application. After a successful verification, the amount will be credited to your account within hours.
Stop compromising with your wedding dreams because of funds shortage. opt for a customized personal loan, fulfill all the expenses with ease, make your special day memorable for the lifetime.