09 FEBRUARY, 2022

The star-studded wedding of Katrina-Vicky, Deepika-Ranveer, and Virat-Anushka have proved that the trend of destination weddings is here to stay. And why not? You only marry once and have the full right to celebrate the biggest event of your life with all pomp and grandeur. However, for some people, it could be easier said than done. Weddings are known to drain your savings, leaving you with no money at the end of the event. So while you are rejoicing the coming together of two families, why end it with depleted savings. Instead, a personal loan can be a win-win. You can plan a grand destination wedding in India without emptying your pockets.

 

If you are still worried about arranging finances for your wedding, here are the top reasons to avail a personal loan for a fabulous destination wedding.

 

  • Large loan value

There are many different costs that you need to incur in a wedding, be it for catering, venue, accommodation, travelling, gifts etc. Paying for all of them can be heavy on your pocket. Therefore, whether you want to fund a part of the wedding function or arrange money for the entire wedding, a personal loan can be your best bet. With high-value loans of up to lakhs of rupees, you can hire the best vendors for all the functions.   

 

  • Flexible repayments

It takes weeks and sometimes months to plan the wedding of your dreams. It is not less than an art to plan a wedding that looks like a movie, where everything is perfect. Naturally, you can not plan such a wedding in a day, nor can you pay for it immediately. This is where a marriage loan can be a great help. With the flexible repayment option, you can repay the loan EMI comfortably over many months as per your financial viability and stability. You can find a suitable repayment tenure by using a personal loan interest rate calculator.

 

  • Instant approval and disbursal

Found the best event organizer at the last minute? Want to change your decor at the eleventh hour? With a personal loan, you can manage any expense instantly. Arranging funds at the last minute in a wedding can be challenging, as everything is time-sensitive. But not when you opt for personal loans. Personal loans have a simple application process and quick disbursal. You get the loan approval within a few hours without furnishing any collateral. You just need to have a good financial profile and a high credit score.

 

  • No end use

Whether you plan to use the loan to buy Sabyasachi’s lehenga or book the royal palaces of Udaipur, we ask no questions! You can use the loan amount for any purpose you wish to. You can even use the funds to arrange the best gifts for your family, hire the top caterers or fund your honeymoon trip.

 

A wedding loan can help you manage your marriage functions seamlessly. Moreover, it has a fixed interest rate, which means you can set your budget without worrying about fluctuating EMIs. However, before you apply for one, make sure you check your eligibility with a personal loan eligibility calculator.  

 

 

 

Top Reasons To Avail a Personal Loan While Planning a Destination Wedding in India

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.