If you have dreamed about exchanging vows on an exotic island or in the Italian countryside amongst friends and family, you know how expensive executing your dream can be. However, it is a once-in-a-lifetime event and you don’t want to skimp on the things that will make it special be it fireworks, a live band or the décor. Statistics show that the average Indian couple spends between Rs.5 and Rs.15 lakh on a wedding, although only about 25% can afford to do so.
To ensure that you fall under that bracket that can afford to do so, pay for expenses associated with a destination wedding such as travel tickets, hotel stay, venue bookings, catering and more with a wedding loan. You won’t have to disturb your savings, nor will you have to compromise. By taking a loan against property for wedding expenses you can make your dream a reality. Here’s why you should consider taking a loan against property in India as compared to any other loan when planning a destination wedding.
A Large-Scale Wedding needs a Loan to Match
Whether you’re getting married on a beach in Bali, a palace in Jaipur or on a yacht in the Maldives, a loan against property for wedding expenses can help you bring your dream wedding to life. This is because it is secured by a high-value property, and hence offers a larger loan amount. The Bajaj Finserv Loan Against Property for instance, offers loans of up to Rs.3.5 crore so you don’t have to worry about a lack of funds coming in the way of your extravagant wedding. Moreover, you can choose a tenor of up to 20 years if you’re salaried, or up to 18 years if your self-employed to repay this amount. The further ensures that the loan isn’t a burden.
Hassle-Free Approval makes Organising a Wedding Easy
Planning a wedding is stressful and you don’t need to add to the stress by way of an inaccessible loan. Fortunately, taking a loan against property requires minimal effort on your part, and also includes doorstep document pickup when you choose Bajaj Finserv. This means that you don’t have to visit a Bajaj Finserv branch to apply for a loan. What’s more, 72-hour approval after submitting the documents required for loan against property means that you’ll be able to start making bookings and paying advances in no time.
High-Value Top-Up Loans means You Can Go the Extra Mile
When it comes to Bajaj Finserv’s Loan Against Property you can also make use of a top-up loan if you need another infusion of funds. This is perfect for the many additional expenses that may crop up as you plan your big wedding whether it is renting a luxury car, arranging for accommodation for last minute guests or to make arrangements for an additional function.
Flexi Loan feature lets you Spend as per your Needs
Weddings aren’t just expensive; they’re also unpredictable. You may have last minute expenses to attend to, such as relocating to an indoor banquet hall instead of the lawn owing to restrictions by the hotel. Also, you may not want to overborrow as this will work out to be very expensive. When you take a Bajaj Finserv Loan Against Property for Wedding expenses you can tackle both concerns effectively. You can borrow in parts from the total sanction as and when you need funds and pay interest only on the amount you use. In addition, to ensure smooth cash flow you can pay interest-only EMIs and repay the principal at the end of the tenor.
Access your Account from Anywhere in the World
Whether you’re planning a wedding in Goa or the French Riviera, you never have to worry about losing track of your loan. Easy online account access means you can run your destination wedding smoothly anywhere in the world. Access loan details online, request release of funds, view loan statements and more in just a few clicks.
Making your dream wedding a reality is now easier than ever before with hassle-free financing options such as a loan against property for wedding expenses.