personal loan
Summary: Weddings are tempting, but wedding costs can be a source of great worry for young couples getting married. With the help of instant personal loans, you can relieve stress and enjoy the journey to your big day at your dream destination without worrying about the financial aspects.
Destination weddings are becoming increasingly popular for couples who want to tie the knot in a unique and memorable way. From the majestic palaces of Rajasthan to the serene beaches of Goa, India has many options to consider. However, planning a wedding in India can be a difficult and expensive task. From choosing the right location to arranging accommodation and transportation, costs can add up quickly. Instant personal loans like FIRSTmoney can help.
destination wedding cost in india
The average wedding cost in India ranges from $10,000 to $60,000 depending on the location and number of guests. This includes venue costs, catering, decoration, travel and accommodation, and other miscellaneous costs. Another important factor is the level of welfare desired by society. For most families in India, marriage is a symbol of social status. Therefore, it has become commonplace for families to spend money to keep their wedding guests happy and entertained.
Spending most of your savings on a wedding may not be the best financial decision. However, paying for your dream destination wedding becomes more possible with instant personal loan options. By spreading wedding costs over several months or years, couples can easily finance the wedding of their dreams without having to dig deep into their pockets.
Also Read – The most important reasons why personal loans are one of the best short term loans
Benefits of Instant Personal Loans for Marriage
If you want to have an unforgettable wedding in India but are worried about spending all your savings, it might be worth considering an instant personal loan. Here’s why:
comfort
One of the biggest advantages of instant personal loans for weddings is convenience and accessibility. IDFC FIRST Bank now offers FIRSTmoney, an instant personal loan that you can apply for and get approved in minutes. This eliminates the long and tedious traditional loan application process. With an instant personal loan, you can get the money you need straight away in your bank account.
Flexible payment terms
Instant personal loans like FIRSTmoney give you the flexibility to choose the repayment term that works best for you. With options ranging from 2 to 60 months, you can choose a payment plan that fits your budget and financial goals. This will lighten your financial burden and allow you to enjoy your special day without worrying about costs.
competitive interest rates
Another advantage of choosing an instant personal loan is the competitive interest rates. With the growing popularity of weddings, many financial institutions, including IDFC FIRST Bank, now offer loans specifically designed for this purpose. These loans often have lower interest rates than other types of loans, making them an affordable option for financing your wedding. For example, FIRSTmoney Instant Personal Loan interest rates start at just 10% based on decreasing monthly balances.
Firstmoney: Why is this instant personal loan smart?
FIRSTmoney from IDFC FIRST Bank is not just a personal loan, it is a smart financial solution for money savvy people. This is why it is perfect for those who want to finance their dream wedding.
- instant credit
- instant credit
instant credit
With FIRSTmoney, you will receive approved funds immediately into your bank account. The application process is fast, completely digital and can be completed easily using your smartphone. Once you are approved and set up, you can go ahead and withdraw your loan instantly in just two clicks.
- Borrow when you need it
- Borrow when you need it
Borrow when you need it
You can withdraw funds in installments or in one lump sum starting from INR 5,000 up to your credit limit. This means whether you’re making a down payment on a venue or making a final payment to a supplier, FIRSTmoney allows you to withdraw funds as needed. A pre-approved line of credit can help you manage your finances during your marriage.
- Interest is paid only on the amount used
- Interest is paid only on the amount used
Interest is paid only on the amount used
One of the biggest advantages of using FIRSTmoney for your wedding is that you only pay interest on the amount you actually withdraw. This is a huge advantage over traditional personal loans, where interest is charged on the entire loan amount even if you don’t use it all. As a result, FIRSTmoney helps you manage your wedding budget efficiently and avoid unnecessary flower costs.
- Confiscation can be done at any time without charge
- Confiscation can be done at any time without charge
Confiscation can be done at any time without charge
FIRSTmoney allows you to get a personal loan instantly at no cost. This means you can use gift funds to pay off any outstanding balance immediately after the wedding without worrying about additional decoration costs.
Also Read – Debt to Income Ratio and Personal Loans: Some Important Aspects to Know
How to apply for an instant personal loan from Firstmoney
Getting a wedding loan is very simple. Here are the steps to follow:
- Visit the app page and scan the QR code using your smartphone. Register using your mobile number. Check your basic details to see if you qualify. Please specify the details of your preferred loan. Connect your bank account. Complete the KYC verification process via video.
- Visit the app page and scan the QR code with your smartphone.
- Register using your mobile number
- Check your basic details to see if you qualify.
- Please specify the details of your preferred loan.
- Link a bank account
- Complete the KYC video verification process
There he is. No collateral or security is required. If approved, your loan amount will be disbursed within 2 hours. Plus, you only need to be approved for the loan once. After that, you can enjoy the ability to withdraw and pay out repeatedly.
Destination Weddings Are Near You
Planning a destination wedding in India can be expensive, but the benefit of choosing a direct personal loan is that it makes the experience more enjoyable and achievable. So, if you dream of a fairytale wedding in a beautiful location, don’t let financial constraints hold you back. Make your dream wedding come true by getting an instant personal loan from FIRSTmoney.
disclaimer
The contents of this article/infographic/image/video are for informational purposes only. The content is general and for informational purposes only. It is not a substitute for specific advice regarding your particular circumstances. Information may be updated, finalized, reviewed, verified, corrected, and may be materially changed. This information is not intended for distribution or use by anyone in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject IDFC FIRST BANK or its affiliates to any licensing or registration requirements. IDFC FIRST BANK is not responsible for any direct or indirect loss or liability incurred by readers due to making financial decisions based on the content and information mentioned. Consult a financial advisor before making any financial decisions.
The features, benefits and offers mentioned in the article are valid as of the date this blog was published and are subject to change without notice. The contents of this document are subject to other product-specific terms and conditions and third party terms and conditions, as applicable. Please refer to our website www.idfcfirstbank.com for the latest information.
Reasons for taking a personal loan
Micro Loans: Eligibility, Features, Benefits, etc.
