A wedding in the family involves lot of planning and expenditure. Months of preparation go into hiring the right photographer and make-up artist, choosing the venue and planning the outfits. But, you need sufficient funds to pay for these expenses. Even after accounting for every aspect related to the wedding, you may require more cash for last-minute changes, additions or contingencies. In such a scenario, a personal loan can help you take care of the expenses.
Here are the ways in which a personal loan can help you plan the wedding better.
1. You always have ready cash at your disposal
Assume that you have created a budget including expenses for the venue, décor, outfits, jewellery, etc. But, three months later, you realise that you have forgotten to include a few vendor payments in the list. You may also come across certain expenses that you had not thought of earlier. In such cases, a personal loan helps as it provides you a high loan amount at a nominal interest rate. When you apply for a Bajaj Finserv Flexi Personal Loan for example, you can use the funds as per your convenience.
These loans are very affordable, as you only have to pay interest on the amount you use and not the entire principal. You can also choose to pay only the interest as your EMI on these loans. Then, you can repay the principal at the end of the tenor. This Flexi loan facility makes a personal loan even more lucrative.
Additional Read: Everything you need to know about a Personal Loan for Wedding
2. You can keep your savings untouched
Assume that when planning the wedding expenses, you didn’t account for accommodation for outstation guests, and now, you will have to book a hotel for their stay. Rather than using your savings to fund such large expenses, you can borrow a personal loan. The low-interest finance option gives you funds in your account in as soon as 24 hours. And, when you apply online, you can expect instant approval. This further expedites the process.
3. You can pay for expenses regardless of their nature
Since you’re planning a wedding with utmost care, you won’t want to make compromises, whether it is the catering or the flower arrangements. When you opt for a personal loan, you don’t have to. This collateral-free loan option gives you up to Rs.25 lakh that you can use towards any expense. There is no restriction on how you can use these funds and you have a long tenor to plan repayment. So, you can use it to pay all your vendors, plan a honeymoon, or do both.
Turn to a personal loan to take the stress out of wedding planning. With easy application, high loan amount, flexible tenor and easy prepayment terms, it is the easiest way to tackle all wedding-related costs.
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