How to Pull-Off a Destination Wedding With an Instant Personal Loan and Without Tugging at your Pockets

The Indian wedding market stood at ₹1,10,000 crore as of 2019. Around ₹ 23,438 crores can be attributed to destination weddings. This figure was expected to touch ₹45,000 crores by the end of 2020, increasing at 25-30% annually. There are countless options in India. While Rajasthan remains the hot spot, Goa and Kerala emerge as popular places. This is because millennials are more inclined towards an ‘experience’ rather than lavish gifts on their D-day..

The top digital lending companies offer quick loans to salaried individuals. It can be turned into a marriage loan to fund all the expenses. So, arrange for a lavish destination wedding without paying right away. This article explains how it works.

Wedding Plan with an Instant Personal Loan

An Indian wedding, destination or not, involves truckloads of shopping. So you can opt for a personal loan to fund a portion of the entire event. Digital lenders let you borrow from ₹15,000 and up to ₹3,00,000. The repayment tenure can be spread up to 1 year. You can pick 90, 180, 270, and 365 days according to your convenience.

Use the fund to pay for flight/train tickets, guest bookings, food arrangements, and travel insurance. In addition, you might have to purchase essentials like excess luggage or a steamer for clothes. A personal loan can finance the wedding attire, jewelry, décor, flower arrangements, venue rent, footwear, makeup kits, honeymoon packages, and miscellaneous stuff.

The instant cash loan allows you to withdraw as much as you need. An interest rate of 2.5% is charged on the amount. You can benefit from a 7-day interest-free grace period for your EMI each month. This makes the loan quite affordable and avoids instant penalties. Now you can enjoy your wedding functions without having to pay upfront.

How to Get Started?

The first step is to download the app on your smartphone. It is available on both Google Play Store and App Store. Fill in the basic details and upload the identity proof such as PAN card, salary slip, and last 3 months bank statements online. You can get the eligible loan amount once the application is verified and approved on the app. The Social Loan Quotient (SLQ) and Good Measure (GM) Score can determine your payment propensity and come up with an amount you would be capable of giving back. It saves you the hassle of visiting banks or arranging paperwork amid wedding preparations.

Have a good credit score, a regular monthly income, and a repayment history. It can ensure faster processing, approval, and disbursal. Online lenders have revolutionized short-term loan procedures. The entire process is 100% digitized and hassle-free. You can use the marriage loan to tick off your big day without using your savings or credit cards.