
According to a survey conducted by The Economic Times, loans for weddings constitute as much as 20% of the number of advances offered in the Indian financial market. The rise in the number of young borrowers exhibits the inclination of every individual towards availing a personal loan to finance their dream wedding instead of liquidating their savings.
Reasons Why You Should Avail a Personal Loan Before Your Wedding
Given below are reasons to take a loan before your wedding –
- Wedding expenses have now escalated to a sky-rocketing figure. The average cost for pre-wedding and on-event photography packages usually start at Rs.50,000, which is perhaps the lowest sect of expenses you will have to make. Apart from that, employing premium catering services to serve delicacies on your wedding evening can burn a hole in your pocket. On such scenarios, a Bajaj Finserv Personal Loan for Wedding can be availed for ample funding required to finance your wedding essentials in a better way.
- Location for wedding nuptials, elaborate trousseau and attractive jewelry contribute hugely in mounting up your wedding expenses list. Securing a wedding loan would ensure that every individual can select their event location according to their wishes and not on their financial solvency.
- Individuals who are planning to set out for their honeymoon right after their wedding can use the credit availed through personal loans and meet the expenses related to the vacation. Individuals should choose a suitable personal loan lender who would facilitate them with adequate advances, to bear travel expenses with ease.
- Financial institutions like Bajaj Finserv offer personal loans for weddings to fund your entire wedding-related costs starting from venue to outfits. Borrowers can avail the credit without presenting their property as their collateral and avail the loan amount credited to the account within 24 hours from the time of approval.
Required Documents To Avail a Personal Loan
- Bank account statements.
- KYC documents as proof of their identity. These include PAN, Driving License, Aadhaar Card, etc.
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