Weddings in India are a big deal. They are once-in-a-lifetime events, after all. And everyone wants to make theirs as memorable as possible. Besides, it is not just the wealthy who are throwing five-day gala events. Even middle-class Indians are pulling out all stops to have their dream weddings.

But all this is expensive. So, let us take a quick look at how you can fund your dream wedding.

How can you finance your dream wedding?

  • You could save up for it. Many Indian parents start saving for their children’s weddings when the children are still in school. But keep in mind that wedding expenses have sky-rocketed. Could you really save enough to cover everything?
  • Use your credit card if you have a high credit limit. But the high interest charged by credit card companies will be a huge drain on your finances.
  • You could take a personal loan for marriage. Banks and other lenders like Bajaj Finserv issue wedding loans in India. These are quite convenient as you get your cash quickly, with little trouble. Then you can pay it off in instalments within a tenure chosen by you.

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How does a marriage loan help you?

The big fat Indian wedding is here to stay. Are you planning a destination wedding? Or do you want to throw the biggest wedding celebration your hometown has seen? Are you going with the current trend of having a photo-booth and a dessert bar? Of course, you will want to choose the best venues and caterers you can get. All these costs add up.

The cost of weddings nowadays can easily run up to around Rs.15 lakh. Wedding expenses can be overwhelming, even with the best budgeting. That is why the personal loan for marriage is such a big help. Now, there is no need to scrimp on the best of anything for your wedding.

Even if you have enough money to finance most of your wedding expenses, your marriage loan can still help you. People often forget to factor in post-wedding expenses, like the honeymoon. Your wedding loan can help cover such outstanding expenses.

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How can you get a marriage loan in India?

As with all personal loans, the eligibility criteria for marriages loan are not strict. You just have to contact a lender that provides weddings loans. There is no need to provide security or collateral. If you have been earning Rs 18,000 per month for three years at a reputed organisation, you can easily get this personal loan.

You can get a wedding loan of up to Rs.25 lakh. That is enough to cover all your wedding expenses. You just need to choose the best lender with the lowest interest rates.

Lenders like Bajaj Finserv allow you to apply for this loan online. Within five minutes of submission, your loan will be approved. Even better, there is a turnaround time of just 72 hours!

You will need to choose a repayment tenure that is best for you. You can pay off your loan in EMIs within one to five years. Make sure to choose a loan that has a flexible prepayment and foreclosure policy.

So, you can make your wedding as grand a celebration as you want. Use the convenience of wedding loans to make it a dream come true.

Read Blog: Your Guide to Planning a Gorgeous Indian Summer Wedding

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