Can I get a personal loan for marriage?

Marriage loans are simply designed to meet your wedding expenses. Pretty often, there is a concern between where can I get a personal loan for wedding or how much loan should I avail for marriage?

To avoid the confusion, Buddy Loan, one of the biggest loan aggregators in India disburses marriage loans at lower interest rate starting at 11.99%p.a. with customized EMIs.

The loan tenure stretches from 3 months to 60 months where you can enhance your credits score. Also, meet your financial shortcomings with a loan amount extending up to Rs. 15 lakhs. This article helps you reason out why you need instant personal loan over other factors to help you during financial shortcomings! 

 

Why choose a personal loan?

Marriageloans can be used in different parts of the wedding celebrations. However, there came no restrictions ever with specifically using marriage loans.

The reason to avail a personal loan is it instant and helps you cope up with financial shortcomings. Indian weddings by far have different procedures like pre-wedding rituals and post-wedding parties. The sum is never up and total until you have money handy.

Further, you can use the money to buy outfits, makeup artists, print wedding invitations, hotel rooms, booking a banquet hall, catering charges, travel and honey money planning expenses.

Buddy Loan disburses marriageloan with lower competitive interest rates and 100% digital process. They provide collateral free loans; you need not pledge any assets. Customised EMI are the best options here as one always looks forward to while availing a loan.

Buddy Loan never compromises on the safety of its applicants’ and therefore has all the processes covered by its pool of lenders. There are no prepayment or hidden charges anywhere in the journey.

 

The EMI & tenure

An instant personal loan come with interest charges and flexible EMI. Better yet a wide slot of time where you can repay back the amount is the most convenient fashion

Marriage loans have tenure from 3 months to 5 years, ass you can borrow anywhere between Rs.1000 to Rs. 15lacs. You can design your repayment procedure with the lender’s consent for more visibility on the credit score.

You can schedule so, based out on your monthly income, financial needs and cash flow. Refer to the EMI calculators that help you gauge the expenses and EMI or instalments you can endure during the repayment.

Because, EMIs and tenure are the two factors that manage your credit score and so paying on time without a record of any defaults is best.

 

Conclusion:   

Some people redeem their savings or fixed deposits to pay for the wedding expenses. By redeeming it before maturity adds extra charges to your pocket. Hence, availing an instant personal loan is by far the best choice for financing a wedding.

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.