How Personal Loan For Wedding Is A Good Option For Your Big Day?
With quick and easy personal loans, you no longer have to strike off your dream wedding plans. These unsecured loans do not require any collateral; hence availing it is entirely hassle-free.
One can avail Personal loan for wedding to plan their dream marriage in a grand way. All the expanses of can be easily covered.
Let's delve into this further.
Personal Loan for Wedding
A personal loan has the following advantages, and hence it is often the most feasible way of procuring funds for your big day.
- Quicker disbursement
- Minimal documentation
- No collateral
- Feasible interest rates
- Flexible repayment tenure
Besides, many lenders now offer online application facilities. Hence with necessary documentation and credit scores, the loan application process is simplified. Although the documentation criteria vary for each lender, listed below are the general documents required for the application of a personal loan:
- Identity proof (Driving license, Aadhar card, Voters ID)
- Address proof (Driving license, Aadhar card, Passport)
- Income proof statements or salary slips of last two months
- Bank Account statements of the current account (non-salaried applicants), salary account of the previous three months
Final Thoughts
Planning a wedding can be mentally and financially exhausting. With minimal documentation needs and faster disbursal, personal loans are the best choice for wedding expenses. Applicants should read through the eligibility criteria of the lender to avoid rejection.
Must Read: Why Use A Personal Loan to Fund A Wedding?
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