Advantages of Wedding Loan - Loan Trivia


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Tuesday 9 November 2021

Advantages of Wedding Loan


Indians have always believed in organizing wedding events lavishly and believe in giving their relatives and a grand experience. However, hosting a lavish wedding is a major financial expense and one may often need to apply for a wedding loan to fund the necessary expenses. You can read more about the advantages of taking a personal loan for a wedding below:

  1. Collateral free: Since a wedding loan is a type of personal loan, there’s no collateral required to get this loan. In case the borrower has a low credit score, they can still avail of this loan but at a higher rate of interest. 

  2. Keeps your savings intact: Another great reason to avail of a wedding loan is that it allows an individual to organize a lavish wedding without having to spend their life savings or going through major financial stress.

  3. Restriction-free usage: If the borrower has some left-over amount after the wedding, they can still use that amount to fund other expenses like buying new furniture and appliances, traveling, and honeymoon expenses, as personal loans don’t come with any restrictions on their usage. 

  4. Flexible and easy repayment terms: Borrowers have the freedom to choose a flexible repayment tenor of up to 60 months on availing of a wedding loan from NBFCs like Bajaj Finserv. 

  5. Quick & easy online application and approval: Thanks to digitization, borrowers can avail of a wedding loan online from the lender’s website, and avail doorstep document collection for KYC and other financial documents. Loan applications for eligible borrowers are processed within 24 hours allowing the borrowers to get the money in their account quickly without much headache. 

Now that you know the advantages of availing of a wedding loan, you can easily avail of one from Bajaj Finserv at attractive rates of interest with flexible repayment tenors that suit their financial conditions the best. 

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