You’re planning your wedding in a different location? Here’s how a personal loan could help!

Description:Planning and arranging finances for a wedding is not an simple task, especially when it’s an event that is a destination wedding. Learn the ways a personal Loan can help you to make your dream wedding come true!

Everybody is aware of the home loan or education loans as well as automobile and bike loans. But did anyone know you could also obtain a loan to help designing the perfect destination wedding?

Wedding planning is not an simple task, particularly when you’re planning a wedding in a foreign location. This isn’t solely about planning the wedding but also making arrangements for the funds needed to cover the costs. Check out the blog below to know more about the idea behind the destination wedding and loan options that help with the financial burden to make your wedding a realisation of a dream!

What are destination weddings?

A destination wedding occurs when you plan your wedding ceremony in a popular tourist spot. As an example, the most popular wedding destinations in India include Jodhpur, Rishikesh, Kerala, Jaipur, Agra, Bikaner and Goa. However, since these ceremonies are held in tourist-friendly destinations, the overall cost could be quite high. Sometimes, the expense for weddings can be difficult to include in your budget. This is the reason why a personal loan to pay for your wedding can be beneficial.

Fixed rates of interest for loans will ensure that you do not have to fret about issues like changing EMIs.

Why should you apply for personal Wedding Loans?

Here are a few of the main reasons why you should think about applying for a personal loan to finance a wedding

* Applying for loans to finance the wedding is easy

You are able to apply for an personal loan through the web. All you have to do is determine whether you qualify to receive an individual loan. Following just a couple of clicks in the banking application on your mobile you can make an application for personal loans. The only thing you need to do by you is providing information such as name, birth date or date of birth, ID proofs like the Aadhar card or PAN card, proof of address and income tax returns and pay slips. Once you have submitted your application, officials from the lender’s perspective are responsible for reviewing the documents you have submitted.

* A quick loan payment gives you plenty of time to plan your wedding planning

In order to make your destination wedding an unforgettable success it is crucial to start planning your ceremony early. If you are able to apply for an online personal loan, you have the chance to begin your preparations early because the funds are transferred within a matter of hours after the documents have been checked before the loan gets accepted.

These loans are accompanied by attractive rates of interest

When you’ve got a good credit score, banks are more likely to give you competitive interest rates. For instance, IDFC FIRST Bank’s personal loan for marriage is renowned for offering low-interest rates that start at 10.49 percent.

* These loans do not require collateral

Most loans require borrowers to provide security to the lenders. But for the personal loan needed for an event that is a destination wedding it is not necessary to offer any collateral. These loans are not secured. Prior to applying for a money, it’s advised to keep a high credit score.

Many couples opt to take out personal loans to pay for the wedding costs. This can make it easier to plan a lavish wedding without having to worry about budget. Because these loans have a the fixed interest rate that you are aware of the EMIs prior to your wedding which aids in scheduling your repayment and paying off the loan without difficulty.

A wedding loan for destination weddings can aid in managing the wedding ceremony in a seamless manner. If you’re planning a large event, the loan will ensure that you have funds to cover all wedding costs.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The content is generic in nature and intended for solely informational purposes. It’s not a substitute for advice specific to your specific situation. Information is subject to change or completion, revision or amendment, and could change significantly. It isn’t intended to be distributed or use by anyone in any state or country where use or distribution would be against the laws or regulations or expose IDFC FIRST Bank and its affiliated companies to registration or licensing obligations. IDFC FIRST Bank will not be held accountable for any direct or indirect damage or loss that the user may incur by making financial decisions that are based on the content and the information contained. You should consult with your financial advisor prior to you make any investment decision.

The advantages, features and promotions that are mentioned in the post are valid as of the date of publication on this blog. It is subject to change at any time without notice. The information contained in this blog is subject to any other specific product conditions and terms, as well as any conditions and terms, if applicable. Please refer our website www.idfcfirstbank.com for latest updates.