While weddings are one of the biggest occasions of our lives, planning them can be quite stressful, especially when it comes to figuring out how you’ll pay for the best venue, catering services, photographer, your outfits, food, jewellery and much more. And given the number of things you need to spend on, you may want to look beyond your savings to cover the costs.
That’s where a personal loan for wedding comes in. For instance, Bajaj Finserv, a financing solution, lets you borrow up to Rs 25 lakh without furnishing any collateral and repay it over flexible tenors that suit your repayment strategy.
You can use this loan to manage all your planned and unplanned expenses. Here are some features of a Bajaj Finserv, Personal Loan:
Loan up to Rs 25 lakh
With such a big sanction, you can plan everything from the catering, venue to decorations and even an exotic honeymoon.
Flexible tenors of up to 60 months
Convenient tenor options are available. You can repay your wedding loan accordingly. In fact, you can even use the handy EMI calculator to measure how much installment would you be comfortable with and adjust loan parameters as per your affordability.
Use the flexi loan facility
Under this, you also get to pay interest only on the amount that you have utilised. Moreover, you have the option to pay interest-only installments for the initial part of the tenor. This helps you reduce your EMIs by up to 45 per cent.
Easy eligibility terms
Bajaj Finserv has a very simple eligibility criteria. To avail a personal loan, you need to be:
- Between 23 and 55 years of age
- Citizen of India
- A salaried employee working in a reputable MNC, public or private company
- Meet the monthly salary criteria based on the city you live
Once you meet the eligibility criteria, you only need to fill up an online application form and submit your basic documents to avail the money.