The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. The information contained in this post is for general information purposes only. Personal loans rarely restrict your fund usage, making them ideal for wedding-related expenses. Is a personal loan a good option for covering wedding expenses?Īns. The typical expenses associated with a wedding in India include choosing a venue, buying wedding clothes, getting the ring, catering, decorating, and hiring a photographer. What are typical wedding expenses in India?Īns. Apply for a personal loan with IIFL Finance now! You only need to enter your details, pick a repayment term and amount, and upload the required documents, and the funds will be deposited immediately into your account. IIFL Finance provides instant approvals for personal loans in four easy steps. To deal with the unexpected expenses of your wedding, you must consider applying for a personal loan online. It reduces your headache of repaying the loan.Īpply For A Personal Loan With IIFL Finance The flexible repayment periods help you choose an EMI that fits neatly into your monthly budget. You won't need to wait in long queues to get a loan. In most cases, you can apply for a personal loan online through an NBFC website or mobile app from the comfort of your home. As a result, you can apply for it without any hassle. A good credit score makes it easier for banks or non-bank financial institutions to approve your loan without requesting collateral or a guarantor. Moreover, you will receive your loan amount within 24-48 hours.Īn advantage of personal loans is that they are non-risky, making them the ideal choice for unexpected wedding expenses. The approval of a marriage loan is usually instant once your documents are verified. Consequently, you can get your credit amount within a short timeframe. The turnaround time for a personal loan is swift. The process involves visiting the lender’s website, reviewing the terms and guidelines, uploading the necessary documents, and waiting for approval. All you need to do is choose the right personal loan offer that offers you maximum benefits.Īdditionally, applying for a personal loan is simple. You can manage the entire process without burdening yourself if you take out a personal loan for marriage. Hassle-Free ApplicationĪ person who hosts a reception has a lot to handle when managing all the expenses involved with the event. Hence, personal marriage loans are a suitable choice for wedding expenses. With a wedding, such a loan can tackle many expenses involved, i.e., the venue, decorations, lighting, jewellery, catering, etc. It means that you can use a personal loan for any purpose, such as to meet a financial crisis, or medical emergency, pay back a friend's loan, purchase a car, or get married. There are no restrictions on the use of a personal loan. Why Is A Personal Loan A Good Way To Meet Wedding Expenses?įollowing are the advantages of taking out a wedding personal loan to reduce unexpected charges.ġ. Due to their instant disbursal feature, personal loans are ideal for meeting urgent financial needs, including unexpected wedding expenses. Many people prefer personal loans to deal with such financial emergencies. Some expenses may come up unexpectedly, leaving you in a tight spot. The primary expenditures of most wedding budgets include a venue, accommodations, jewellery, food, entertainment, decor, and other miscellaneous items. Usually, people spend between Rs 20 and 30 lakhs on a wedding. Planning a wedding includes many expenses.
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