Wedding season is around the corner, and no one does weddings better than we Indians do with the whole “big fat Indian wedding” – a larger than life setup, designer outfits, extensive guest list, and a never-ending food menu. Since weddings are arguably one of the most memorable days for the bride and the groom and their near and dear ones, it deserves to be celebrated on a grand scale, fulfilling the couple’s lifelong dreams.
At the outset, planning a wedding may seem like a simple affair, but it is a herculean task, in reality. A costly one at that in today’s times. Gone are the days when even an extravagant marriage ceremony could be done with a handful of family members. In today’s time, it involves a grandiose setup, multiple outfit options, or perhaps even a destination wedding just like how most celebrity couples are doing these days. All of this involves a considerable amount of expenditure. This does not even begin to list down thousands of other contingent expenditures; you are both to incur while planning your wedding.
Since a wedding is one of the most anticipated events in anyone’s life, it is evident that most people and their parents will start financial planning and saving for the dream wedding. That being said, actually planning a wedding is a whole different ball game altogether. You may encounter several unforeseen expenses or an unprecedented increase in the prices of some commodities due to general inflation. But, fret not as this is where a personal loan for weddings, or what we call a wedding loan, comes to your rescue.
Essentially, wedding loans are nothing but usually an unsecured personal loan for wedding expenditures specifically. Instead of borrowing from relatives or liquidating your investment, a personal loan for weddings may be a better choice, especially from an online lender. While there are several ways of availing a personal loan from an online lender like Fibe instead of a commercial bank or a co-operative bank, a dedicated wedding loan from such online lenders is the one-size-fits-all solution to all your wedding expenditure, and you should go ahead with it because of the following reasons:
With the recent overhauling in the fintech sector, getting wedding loans has become as easy as online shopping. All you have to do is download the app from a financial provider like Fibe and follow quick steps to get your loan. To know more about how to get a personal loan in less than 5 minutes, click here.
Now you don’t have to fill out a mountain of paperwork and wait for several days for your loan to get approved. After filling out the form online, an instant disbursement of upto 5 lakhs is made directly into your bank account.
Since they are essentially an unsecured personal loan for weddings, there is no requirement of any security or collateral to take the loan and saves you from a ton of paperwork for the same as well. In today’s time, unsecured loans are surging in popularity.
While it is clear as day that a wedding loan is a one-stop solution for all your wedding planning needs, you should not just take a blind leap into any financial commitment, no matter how lucrative it may seem. So, keep the following things insight before you take a wedding loan and go on to celebrate the wedding of your dreams:
The interest rate upon your loan can be an important determinant factor in taking the loan. Ensure that you do your market research well and choose a lender that suits your needs the best. To know more about what factors help determine the interest rate in personal loans.
These are the prerequisites of taking a loan and depend upon the lender to the lender. Make sure to carefully go through the eligibility criteria to save yourself from the hassle of rejection of your application.
Apart from them, factors like a previous rejection of the application, poor credit history, among others, can also lead to rejection. So, make sure to cover all ground as far as terms and conditions go.
At Fibe (Formerly EarlySalary), we take care of all your wedding loan needs in an instant to make your wedding the most memorable day of your life. With fixed and low-interest rates, easy repayment options, and simple eligibility criteria, we are the first choice as far as personal loan is concerned. Visit our Wedding Loans offer and make all your wedding dreams come true in just a click.
Feel free to contact us for any questions on credit, loans, and your instant cash needs!