At first, you might find this title a bit strange. And we can understand your situation. Many of us don’t know that we can plan marriages with the help of a personal loan. Whether it’s a marriage of Bohra matrimony or any other matrimony in India, a personal loan can help people who are short of money. Also, it doesn’t matter whether you need a little money or a substantial amount, you can get the required money once you are eligible for the same. What we mean that you cannot get INR 10lakh when you are earning only 20,000 per month.
But depending upon your eligibility, you can get the sufficient loan amount with which you can ensure all your marriage-related tasks—hiring a caterer, booking the wedding location, buying gifts for your guests, booking flight tickets for honeymoon, booking choreographer, and so many other things. Once you get the money in your bank account, you can use the money in the way you want. So, if you are planning your Bohra matrimony marriage and feeling you would need a bit more money, a personal loan for marriage could be the best option for you instead of borrowing money from your friends or relatives.
In this article, we will be talking about different things related to a personal loan for your Bohra matrimony so that you can have a clear understanding of it. Let’s start!
Features of a Personal Loan for Your Bohra Matrimony
By now you must’ve understodd this fact that if you need money for anything related to your Bohra matrimony, you can get a personal loan for the same. One of the best things about a personal loan is that you can get the money without submitting any security. Also, you can get the money even if you need it at a short notice. Let’s look at some of the prominent features of a personal loan for marriage that you should know.
- When you’re planning your Bohra matrimony marriage, you want it to be perfect. In case you are short of some money, a personal loan can help you as you don’t need to worry about the desired loan amount. Lenders can give you as high as INR 50 lakh. It’s just you should be eligible for the same.
- You can repay the loan amount within a flexible pre-decided tenure (in months) which you can choose as per your repayment capacity. For example, if you choose a duration of 3 years, you will have to pay 36 (12×3) monthly installments. The maximum repayment tenure can go up to 7 years.
- As we mentioned earlier too, you don’t need to show any proof against the money you will be getting from the lender. Everything depends on your eligibility criteria.
- One of the best features of a personal loan for your Bohra matrimony is that the process is totally a digital one. So, you don’t need to go to anywhere to apply for a personal loan. You can submit your loan application in an easy and hassle-free manner. You just need a device with working internet connection.
Will I be Eligible for a Personal Loan?
This is one of the often-talked questions by people who are going to take a personal loan for their Bohra matrimony marriage or any other matrimony. Since personal loan is an unsecured loan, eligibility is most important. Any lender will check different aspects like credit score, monthly income, age, employment type, existing obligations, work experience, etc. to define your eligibility. For example, a person with a high income has high chances to get a higher loan amount as compared to a person who has a lower income. So, when you are planning yoru Bohra matrimony marriage, you should check all these factors closely to get an idea about the same.
We hope that you have sufficient information about how a personal loan for marriage can help you in different aspects of wedding planning. All the best for your marriage!