Planning a destination wedding? Here are four reasons to take out a personal loan
A wedding is a special celebration, and people often choose exotic destinations to host this beautiful event. Every year people flock to places like Jaipur, Kerala and Goa to celebrate a destination wedding. Couples also choose international locations with stunning palaces, mountain peaks, and pristine beaches to get married. With the right destination, your wedding can look like a fairy tale that is perfect in every setting. However, a large destination wedding is an expensive affair.
While savings alone aren’t usually enough, financial constraints shouldn’t keep you from having the wedding of your dreams. Instead of spending your savings on a wedding, consider a wedding loan or personal loan for your wedding celebrations. It gives you access to funds, ensuring that you can run all aspects of your dream wedding.
Here’s why a wedding loan is a great way to finance your destination wedding.
The great sanction of a marriage loan allows you to finance any expense
The cost of a destination wedding depends on the location, logistics, catering, guests, wedding gifts, etc. International destinations also involve the exchange rate and depending on the extent of the marriage; this budget can skyrocket. Whatever the choice of destination, whether it is Rajasthan or Italy, it is the place and the catering that will be a massive component of your budget.
If you plan to use your savings, you may run out of funds just by financing basic expenses. However, with a wedding loan, you have access to excess funds that you can use without worrying about running out. You can organize the wedding of your dreams on the white sands and emerald waters of Bali or in the peaceful and charming valleys of Tuscany without compromise.
Spend generously as you see fit to meet all your desires
Couples today prefer to have a wedding according to their wishes and desires, personalized according to their tastes. It could mean having an all-white beachside wedding or a royal wedding in a palace courtyard. Whatever the theme, a wedding loan can help you finance all of these expenses with ease.
A personal loan for a marriage has no restrictions on how and where you spend the loan amount. The lender does not impose any rules as to its end use. Therefore, you can use the penalty for a range of expenses. Whether it’s buying the best bridal wear, a makeup artist, a celebrity designer, or hiring a wedding planner to make sure everything goes the way you want it to. You have the freedom to use the money however you want.
Quick financing guarantees quick booking for wedding services
A destination wedding, especially during wedding season, is a matter of urgency. You need to hire a wedding planner, photographer, makeup and hairstylist, caterer, decorators and finalize much sooner. You’ll want to hire the best to make sure everything is perfect on your wedding day. Additionally, a destination wedding would also require you to book hotels and transportation for your guests. All of this requires rapid availability of funds.
Fortunately, you can apply for a marriage loan online in just a few minutes. And since it is a personal loan, it is unsecured and does not require any collateral. You apply and are eligible for funds based on your credit and financial profile. Once approved, the loan amount is disbursed the same day. This makes it easy for you to book the services you need on time.
Repay the loan comfortably according to your abilities
Destination weddings are not only expensive, but also very stressful! And paying off a loan can add to that stress. However, you don’t have to worry about rushing off your wedding loan. Most lenders offer flexible repayment tenure with competitive interest rates on personal loans. Thus, you can repay the loan easily by choosing an EMI structure suited to your finances without straining your savings. To find the best deal, use a personal loan interest calculator before you apply.
With the help of a wedding loan, you can easily plan your destination wedding anywhere in the world. Book a historic palace in Udaipur or an oceanfront resort in the Maldives and get a team of top photographers to capture every moment.
Whatever the expense, your loan can help you manage it seamlessly and conveniently. However, choosing the right lender is crucial. Renowned lenders such as Bajaj Finserv ensure a hassle-free borrowing experience.
A Bajaj Finserv personal loan offers you a penalty of up to Rs. 25 lakh with a flexible term of up to 60 months. In addition, you can take advantage of the Flexi function here and reduce your EMI by up to 45% *. To enjoy these benefits and more, apply online or download the Bajaj Finserv personal loan app.