wedding loan finance london
wedding loanwedding loanA wedding marks the beginning of somethinggreat. It’s potentially an once-in-a-lifetime event and it’s not surprisingthat you want it to be perfect.
But weddings are expensive. You need to put ina lot of thought to plan your wedding wisely. Do you have the funds to plan awedding of your dreams? Are the funds enough to cover all the expensesinvolved? Are you contemplating applying for a personal loan for a wedding?
So, before you decide to go down that path,you may want to get educated on things you need to consider while getting apersonal loan for wedding.
Wedding loans are collateral-free loans. Thismeans that the loan approval depends on credit score, age, repayment capacity,income, etc. Before applying, make sure that you:
• Checkyour credit score and fix the errors, if any.
• Comparethe interest rates online that various banks and lenders offer.
• Usean EMI calculator to check how much you would be paying and whether you can paythe EMIs comfortably.
Benefits of Using a Personal Loan for Wedding
1. Noneed to liquidate assets/investments
For the sheer quantum of cash required tofinance the wedding, people choose to break their fixed deposits or liquidatetheir assets. By doing so, you may incur a penalty and also lose interest onyour deposit.
A personal loan can fund your wedding withoutyou having to interrupt your investments.
2. Instantaccess to credit
You have the advantage of applying for apersonal loan online.
The approval is almost instant. Once theamount is disbursed, you have instant access to credit.
This means, your wedding planning gets betterbecause you don’t need to worry about arranging funds, whenever you have tobook a venue, hire wedding planners, pay decorators or plan your honeymoonabroad.
3. Competitiveinterest rates
If you are in a good financial standing, youare likely to get a competitive interest rate on your wedding loan.
With a low interest rate, you can be debt-freemuch sooner than expected.
4. Flexibleusage of funds
Since wedding loan is a personal loan, thereare no restrictions on its usage. You can use the funds for bridal shopping,flight booking, hotel booking, makeup artist, etc.
Your wedding loan can help you meet all theexpenses associated with your wedding and beyond.
5. EasyEMI and tenure
The best thing about taking a personal loanfor a wedding is that you can repay the loan in comfortable and affordable EMIsover a flexible tenure.
You can customise the repayment plan dependingupon your income, financial goals and cash availability. wedding loan
