Points to consider before getting a marriage loan

There are key points you will need to know before availing a loan for your dream wedding. Building a relationship is challenging these days and it calls for better celebrations, when you finally find your person. Meeting wedding expenses these days is tough due to financial shortcomings.

Buddy Loan is one of the biggest loan aggregators in India that disburses loans at lower interest rates starting at 11.99% p.a. They also have customised EMI options that help you work your credit score with ease.

We wouldn’t want anything to go wrong with the series of small events in a huge wedding, do we? For instant personal loan and you can just make the most of it.

Availing a marriage loan

Anyone would want a marriage loan at lower interest rates starting at 11.99% p.a. It is an unsecured loan, where in you do not need to pledge any asset or provide any collateral to avail the loan. Covers all the expenses of wedding like reception, the actual wedding ceremony, food, decorations and other subset of events related to marriage.

There are certain factors the borrower will have to look for will applying formarriage loan. Using the EMI calculator, pre-plan the wedding expenses by roughly estimating the expenses. The EMI scale is present in every loan site to help you calculate your monthly EMIs, total sum of interest rate and more.

By doing this, you will auto check your credit score and thus it is easier to maintain that too. Research about the loan offers carefully and the EMIs that the financial institution can provide.

Eligibility criteria  

Marriage loan is nothing but a personal loan which is availed during the financial shortcomings for performing weddings and its events. There are many competitive interest rates from which you will have to pick the appropriate ones. 

Borrower should bear in mind that he/she should be min 25 years – 60 years old to avail the loan. It is more helpful if the borrower is salaried or self-employed with a minimum salary of Rs. 20,000/-. The approval rate and interest rate depend on the borrowers’ credit history.

The applicant can avail instant marriage loans up to Rs. 15 lakhs for an application. The borrower can discuss further with the lender for best EMI options in between the loan tenure of 3 months to 5 years.

EMI & Tenure

Buddy Loan disburses marriageloans for a loan tenure of 3 months to 5 years. The better option is that you could tell your lender if there are certain concerns and EMI payment can customise such that it only enhances your credit score.

Conclusion  

Marriages is a relation that all need make efforts to flourish while weddings in India are always grand. It involves hectic planning, preparing for extra expenses in the last moment. To never compromise on the food and other expenses to cherish every moment countable in your child’s wedding. Avail a loan instantly from Buddy Loan today, with lower interest rates and best EMI options.