How to Fund Your Daughter’s Wedding Expenses Using a Personal Loan?
A personal loan is a smart way to cater to wedding expenses. An established Indian bank offers a paperless and hassle-free application process. You can simply download their app to get started with simple eligibility and minimal documentation. This helps save time amid countless hours of wedding shopping and preparations. Major financial institutions in the country offer personal loans. But only the best and the most trusted bank provides:
- Funds up to ₹40 lakhs
- Competitive interest rates starting at 10.49%
- Top-up facility
- Flexibility to make up to 40%-part payment.
Studies have found that an Indian marriage can cost between ₹2 lakhs and ₹5 crores. It is an extravagant affair with the bride’s family hosting maximum events like Mehndi, Haldi, Sangeet and the main wedding. So, working with a bank that ensures the above facilities would make financial sense and avoid any interruptions in the auspicious occasion. Below are a few ways the personal loan can be helpful for the D-day.
Stage and Venue Décor
Wedding decoration includes fresh flowers, tassels and beads, gota-patti, different cloth materials, lights and lanterns and a host of similar accessories. These are required in bulks and scoring high-quality ones can be quite expensive. You have to pay an advanced or full amount to the vendor to begin the work. Instead of fetching out the same from your pocket, consider applying for a personal loan online. You can pick from flexible loan tenures from 6 months to 60 months for ease of repayment. In case you need extra funds, make the most of the top-up facility instead of another loan.
Food and Catering
Indian weddings are known for a lavish spread of mouth-watering vegetarian and non-vegetarian dishes.You can pick from different exotic cuisines to satiate a variety of taste buds. A combination of international and Indian items can shoot up your budget. This is when you might need personal loans. Use the fund to pay for either basic cooks or foods from star-rated hotels as per your choice. Know the per-plate charges beforehand and estimate the total amount before considering a loan. Use the personal loan EMI calculator to arrive at the monthly payments.
Attires and Jewellery
An Indian wedding is made up of numerous big and small ceremonies. Your daughter along with the entire family might require new sets of clothes, shoes and jewellery. If you are sponsoring the same, consider opting for a loan. This way you do not have to break your savings or touch your investments. A loan is a handy product without security or collateral. This makes it affordable and can relieve you of the stress of fetching assets to pledge. Borrow any amount starting at ₹20,000 and use the same for lehengas, suits, gown sand sarees. A portion can be used to purchase the expensive Gold, Kundan or Polki jewellery. Don’t forget heels and stilettos for the bride to look her best on her big day.
Personal loans are one of the easiest to get. Know how to get a personal loan and start applying right away. You can get in touch with the customer service in case of queries. Make sure to check your eligibility and credit score before filling out the form.