The luxurious wedding customs are not unknown to us, surely it takes a big toll on people who are not properly financially established. An average Indian wedding costs around Rs.20 lakhs to 5 crores. For such a huge amount, one might think of taking a wedding loan.
Bajaj Finserv offers a range of loans and other financial features. You can avail of your personal loan from Bajaj Finserv for a high loan amount up to Rs.25 lakh, flexible tenor, lower EMI, and easy documentation process.
A personal loan is an unsecured loan meaning a loan/debt for which no collateral or guarantor or specific assets for particular lien is taken. A personal loan is taken for a variety of uses such as vacation plans, starting business, home renovations, online wedding loan, and others.
Benefits of Bajaj Finserv Personal Loan –
* You can avail of a high loan amount up to Rs. 25 lakhs.
* You get an option for the Flexi Personal Loan facility for which your EMIs shall reduce by up to 45%*.
* There is no heavy documentation process.
* The loan gets approved instantaneously as soon as all the eligibility criteria are met.
* The money gets transferred to your bank account within 24 hours of sanction.
* You get longer repayment time, ranging up to 60 months.
* No hidden charges
What is a wedding loan and how much should you actually borrow?
A wedding loan is an unsecured personal loan taken for marriage purpose. If you take a big loan amount, for example Rs.20 lakh, you will be given a longer tenor for repayment. Although this makes the monthly payment less, but in total you can end up paying more interest. Hence, it is always suggested to avail of wedding loan, or any other personal loan for as much low amount as possible, and for shorter tenor. Through this method, the overall interest paid is less.
Also, always remember that your CIBIL score plays a very important role. A CIBIL score higher than 750 proves your credibility that you can repay on or before time. This automatically implies the lender to sanction your loan as fast as possible.
You can avail of a Bajaj Finserv Personal Loan after passing the following eligibility criteria –
*Citizenship – Must be a citizen of India, residing in India.
*Age – Must be between 20 to 60 years of age
*Employment – Must be employed in a public, private or multi-national (MNC) company
*Minimum salary – Your minimum salary required to avail of a personal loan depends on your residential city as mentioned on the official website of Bajaj Finserv.
*CIBIL Score – Your CIBIL score should be at least 750. A higher CIBIL score encourages the lender to sanction your loan quickly.
*Documents – Your Employee ID, salary slip of last 2 months, your KYC documents, including Aadhar card and driving license, and the transaction details of your salary account of the last three months must be provided positively. Additional documents may also be needed depending on the type of loan repayment you are trying to take.
Pre-approved offers are available on a wide range of products from Bajaj Finserv, including home loans, credit cards, and personal loans. Submit your name and contact information to see what offers are available to you.
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