Thursday, June 20, 2024
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Marriage Loan- Financial support for your Big Day!

Marriage is an expensive affair. To have a grand marriage is what most families and a couple wish for because it is a once in a lifetime affair, and the memories serve a considerable part. The nostalgia is why the idea of a grand marriage sells. Now, most families in India cannot afford to have a grand marriage, as the cost would force them to dip their savings. In order to help you in carrying such stupendous expenses, a marriage loan is one of the most popular offerings offered by authorised lenders. A  marriage loan is helping you fulfil your dreams.

Marriage Loan

 Marriages mark a beginning of a new relationship and are a sign of togetherness as well, it is natural to have it be memorable, and this is why having a marriage loan on your side to support you will assist you in shaping a better reality.

Marriage loans are your financial support to squeeze out more memories and happiness on one of the biggest days in your life. Here is how you can use a marriage loan to fund your celebrations:

  1. A marriage loan is a type of a personal loan, and hence, there is no requirement of collateral, which means that none of your assets will be pledged as a security.
  2. The documentation required for a marriage loan is minimal. This documentation and verification process will take up a limited time of yours, and the marriage loan will be sanctioned to you as quickly as possible. Usually, it takes up to a couple of hours for the funds to be credited to your bank account. This indicates that the turnaround and disbursement are quick.
  3. The loan repayment tenure is long enough for you to remain stress-free about repayment. The repayment schedule is flexible and can be tailored according to your needs. You have around five years to repay your loan along with the required interest.
  4. The interest rates hover around 16% and 26%. The interest rates are low enough for everyone to encourage borrowing in the form of a marriage loan. In comparison to undertaking a credit card debt, a marriage loan is a wiser option. It is cheaper and provides you with an opportunity to borrow more funds as well.
  5. A marriage loan saves you from a lot of trouble and helps you lead one of the prime events in your life with ease and comfort. Borrowing a marriage loan is easy and convenient, its procedure is simple and logical, the speed of service being rendered to you is quick, it is cheaper, and it has a flexible payment plan; if not, all these advantages are enough to convince you to get a marriage loan, then there is more.
  6. Borrowing a loan and repaying it on time gives you a golden chance to improve your credit score. A good credit score will always give you better options and offers when you are scouting for loans to make hefty purchases like buying a house, etc.

Plan your expenses wisely and avail a marriage loan to accomplish your dream wedding.

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