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9 Reasons to take a loan for your wedding

  • Highlights

  • Quick application and easy approval

  • Ample funds to finance all wedding needs

  • Quick disbursal with nominal documentation

  • Collateral-free loans with flexible tenor options

Here’s how a personal loan can provide financial assistance when you’re planning and executing your wedding.

You understandably want your wedding day to be a memorable occasion, marking the beginning of a life of togetherness. A nice ambience and good food go a long way towards setting the mood, and you may want to share the occasion with your friends and family too. But, for many couples, this also means that organizing a wedding is expensive. What if you don’t have the funds to put together the wedding you want? Taking a personal loan can make financing a wedding a lot easier. Here’s why.

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1. It is easy to apply for online, saving you time and effort

You can apply for a personal loan online in just a few minutes. Your online application requires basic information including your name, date of birth, your salary and employer name, among other things. This means you can dedicate your time to wedding planning rather than filling out document after document to apply for a loan.

2. It has simple eligibility criteria and quick approval time

The eligibility criteria required to apply for a personal loan is easy to match. In essence, you can apply if you are a salaried employee without too much outstanding debt. You can use the personal loan eligibility calculator to check if you match the criteria in a few seconds. This makes it easier for you to qualify for the loan. Once you submit the online application, you will know whether your loan has been approved within 5 minutes. This eliminates the time spent worrying about whether you will get the needed funds for your wedding or not.

Additional Read: 8 Costs to Keep in Mind While Planning Your Wedding

3. It offers you ample funds to finance the wedding you've always wanted

You can get a personal loan of up to Rs.25 lakh with a flexible repayment policy to pay for all the wedding expenses, be it related to venue and décor, for your bridal attire and jewellery or for your honeymoon and travel. Just choose your tenor ranging from 24 to 60 months to repay your loan.

4. It gets you all the money you need quickly

Not only is the process of applying for this loan easy and convenient, but once approved, all you need to do is upload your documents and you will get the money in your bank account quickly. Bajaj Finserv disburses a personal loan the fastest by ensuring that it reaches you in 24 hours!

Personal Loan for Wedding

5. It requires only the most basic documentation, wasting less precious time

All you need are some basic documents such as salary slips for the last two months, bank statements of salary account for the last three months, employment proof and address proof to apply for this loan. This makes the loan application simpler.

6. It helps you organise your payments into monthly instalments causing less financial stress

Rather than paying for all your wedding expenses upfront, this loan makes it easier on you by dividing your loan amount into convenient EMI. You can choose a repayment tenor based on your income and ability to make repayment more suitable for yourself. With nominal interest rates applied to this loan, your wedding expenses become more affordable. Click here to use the EMI calculator to see what your potential EMI could be.

7. It does not require you to pledge any collateral

A personal loan customised for a wedding is an unsecured loan. You don’t have to risk your personal or business assets for this loan. Additionally, the lack of collateral makes the processing and disbursal of this loan faster.

8. It allows you to tackle unpredictable wedding expenses with a line of credit

Often, last-minute costs making wedding expenses a more stressful experience. If you don’t know the exact cost for your wedding or want to keep a certain amount in reserve for emergencies, a line of credit facility is perfect for you. Flexi Personal Loan by Bajaj Finserv offers you the facility to borrow as much as you need whenever you need it from a credit line. The best part is that you are only charged interest on the sum you borrow. This helps save you money and is also a convenient way tackle any financial surprises.

9. It gives you online account access to manage your loan account on the go

All personal loan information is at your fingertips. You can access the online account and view your interest certificate, repayment schedule and even male payments. So, no matter where you are or how busy you are, you are always informed about your loan status.

Now that you see how a personal loan ensure that financing your wedding is more convenient, take a Bajaj Finserv Personal Loan for Weddings. It offers you more flexibility, ease and convenience along with a competitive rate of interest.

The content of this document is meant merely for information purposes. The personal loan features mentioned in this article are subject to updation, completion, revision, verification and the same may change materially based on policy revisions. For more details, please visit our Personal Loan terms and conditions page here.

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