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Can We Use Personal Loans for Marriage Purposes?
Posted on Wednesday, June 21st, 2023 | By IndusInd Bank
A personal loan for a wedding comes with attractive interest rates, flexible repayment tenure, and no end-usage restrictions, allowing for improved financial management in the long run. Unlock a multitude of benefits by applying for a personal loan with IndusInd Bank today!
A momentous milestone in an individual’s life, a marriage is accompanied by joyous celebrations. However, the financial implications of planning a grand wedding can often cause worry. From finding the perfect venue to selecting an exquisite wedding dress and arranging catering and décor, expenses can quickly add up. This can leave couples and their families searching for viable funding options. In these situations, obtaining a personal loan can be a suitable solution to pay for wedding expenses.
A personal loan for marriage can be easily availed through a simple online process with new age lenders like IndusInd Bank, enabling couples to spend freely for their special day without depleting their savings or liquidating their investments.
Why Should You Consider Obtaining a Personal Loan for Your Wedding Expenses?
Read on to discover five good reasons to take out a personal loan for marriage:
1. Convenient Application Process
Applying for a online is a hassle-free experience. You must visit the bank’s website, review the eligibility criteria, complete the online application process and await approval.
2. Swift Disbursement of Funds
Personal loans ensure that you have prompt access to funds with their quick processing. You can expect the loan amount to be deposited into your account soon after submitting your loan application.
3. No End-Usage Restriction
Unlike home or car loans, personal loans are not limited to a specific purpose. You can utilise the loan for a vast array of wedding-related expenses, such as venue booking, catering, shopping, or house renovation.
4. Flexible Repayment Options
With personal loans, you can choose a repayment tenure that suits your financial capacity. The loan repayment tenures typically range from 1 to 4 years, allowing you to choose one that suits your repayment abilities and budget.
5. No Collateral Required
You don’t need to provide the lender with any assets as collateral to obtain a personal loan. Additionally, you won’t require a guarantor to secure the loan. This makes obtaining a personal loan easier compared to other types of loans.
Fund Your Wedding Through IndusInd Bank Personal Loan
Weddings can be an expensive affair, and IndusInd Bank understands this. With easy documentation and attractive interest rates, a personal loan from IndusInd Bank can help you cover all your wedding-related expenses. Here are some compelling features and benefits of an IndusInd Bank personal loan:
- A simple four-step online application process with instant disbursal
- A flexible loan tenure ranging from 1 to 4 years
- Loan amounts range from Rs. 30,000 to 5 lacs, with a low processing fee
- Highly competitive interest rates, ensuring an affordableloan for marriage
- Best-in-class features and no requirement of collateral
How To Apply for an IndusInd Bank Personal Loan?
Follow these four simple steps to apply for an IndusInd Bank personal loan:
Step 1: Visit IndusInd Bank’s personal loan webpage and click the “Apply Now” button. Enter a few basic details, such as your PAN card number, mobile number, email ID, and pin code, to get started.
Step 2: Verify your address details
Step 3: Check out your Personal Loan offer and complete your video KYC
Step 4: Provide your bank account details for disbursement
Secure your dream wedding with a personal loan from IndusInd Bank tailored for your happily ever after!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
