Modern day weddings in India bring with them a lot of expenses. Apart from traditional costs such as wedding garments, booking venues and lavish catering – nowadays, an extravagant sum is spent on pre-wedding photo-shoots, bachelor parties and then comes destination holidays.
Such must-have trends can put a significant strain on your finances. A modern-day Indian wedding could be expensive and bill a few Crores. However, financing such weddings is not a difficult proposition. Turn your dream wedding loan into a reality with a marriage loan against property.
Here are some essential tips to make sure you invest your money where it counts –
- Start With Your Preferred Location
Don’t start planning a destination wedding until you are quite sure of the venue. Don’t rely only on the stunning photos of the destination. Instead of blindly following the bandwagon, keep a keen eye on your finances and plan accordingly. Estimate the entire cost and come to an approximate budget. Although you have a substantial loan for wedding, utilise it wisely to cut down unnecessary expenditures down the road.
You can opt for a Loan against Property for Wedding from top lenders like Bajaj Finserv to avail loan up to Rs. 3.5 Crore to fund your extravagant wedding expenses. With borrower-friendly features like minimal documentation, instant loan approval and disbursal of sum within 24 hours makes borrowing advances hassle-free.
Procuring this loan for wedding allows you to enjoy numerous benefits like –
- Attractive rates of interest on the loan amount
- Flexible repayment tenors of up to 20 years
- Flexi Loan facility that allows you to borrow as much you want from the sanctioned loan amount and pay interest only on the borrowed amount.
Bajaj Finserv also brings you pre-approved offers that make procuring loans quick and hassle-free. These pre-approved offers are applicable on unsecured credits like personal loans, business loans and secured advances such as home loans among numerous other financial products. You can check out your pre-approved offer by sharing a few necessary details like your name and contact number.
However, you must be aware of some basic things that you need to know before applying for a loan against property such as the LTV, eligibility criteria of the lender.
- Hire A Reputed Wedding Planner
Planning a wedding can be a daunting task and overwhelming at times. Therefore, it’s advised to hire a professional team of wedding planners. The beauty of a dream wedding lies in the meticulous planning. So, leave the nitty-gritty part to the planners to focus on more immediate requirements.
A substantial marriage loan amount will allow you to hire even celebrity wedding planners. Your imagination to tie the knot in a Jaipur palace or on the sand dunes of Mauritius can finally come true!
- Choose A Reputed Photography Company
Wedding is an auspicious and once-in-a-lifetime event. So, definitely you would love to freeze all the beautiful moments that happen on the big day in your album. Pick a wedding photography service that has a team of experienced photographers who have strong portfolio to show.
You can also opt for wedding cinematography that has become quite a trend in India. You could also book for pre-wedding photo-shoots and have your picture-perfect moments framed to last for the new chapters to unfold. Procuring a wedding loan will streamline the process of bearing this expense.
- Shop Meticulously
Wedding is a time to splurge on the best of designer clothing, exquisite gold jewellery and expensive bridal make-up packages. Focusing on the make-up packages holds significant importance, as your radiating look is as essential as your beautiful wedding attire and ornaments. You can find the top 7 bridal makeup packages in India to make the bride-to-be the show stealer of the day.
- Focus On The Reception
As the day arrives, extra attention must be lent towards the reception to make it spectacular and remarkable. Hire the best decorators to decorate your wedding venue. You can also hire the best celebrity caterers to take your guests’ palette into a gastronomically-fuelled trip. Remember your big day isn’t a competition. Splurge generously but responsibly so your wedding creates memories but don’t hit you back with unexpected expenditures.
Following these essential tips to spend your marriage loan can turn your dream wedding into not only a reality but also something to cherish for in the days to come.