New Delhi: Weddings in India are rich in culture, tradition and require a lot of planning. People, in order to make dream weddings a reality spend their life’s savings and neglect all the required planning and preparation. Nowadays, people opt for wedding loans with easy repayment options to make their dream come true.

A wedding is more of a major life goal where you can plan your investments well ahead in time. One can invest in mutual funds or systematic investment plan (SIP), gold or gold-related investments. It may be noted that investment in SIP can be started with an amount as low as Rs 500. Along with the wedding expenses, a major expense goes into gold buying. One can buy in the form of jewellery, coins or bars and can make new jewellery as per the trends. Jewellers such as Kalyan jewellers, Tanishq, PC Jewellers, others offer monthly schemes where customers can buy gold by paying advance installmemts of as little as Rs 1,000 per month for a certain period. After which jewellers offer a special discount of one month’s installment.

If you are looking to opt for a wedding loan then ICICI Bank and Tata Capital are offering such loans. The interest rate on ICICI Bank’s personal loan for the wedding starts from 11.25 per cent per annum. One can avail of a loan of an amount up to Rs 20 lakh. The benefits of this loan include minimal documentation and no security or collateral requirement. One can apply for this loan through net banking, iMobile (ICICI Bank mobile app), Bank’s branch and via SMS (send PL to 5676766).

However, Tata Capital’s personal loan for the wedding comes with interest rates starting from 10.99 per cent for a loan tenure of 12 to 72 months with a loan amount of Rs 75,000 to Rs 25 lakh. You can apply for a wedding loan by just filling up basic details in the online application. After receiving your loan eligibility, you will be needed to furnish the required documents. The company will verify your wedding loan application and the documents submitted by you. Post-approval, the loan will be sanctioned. Once it is sanctioned, you will receive the required wedding loan in your bank account. The advantages of this loan are minimal paperwork, bo collateral requirement, flexible repayment options and zero charges on part repayment.

Source:- timesnownews

Share: