Which Is The Best Personal Loans In India For Weddings?

Loan is the part of everyone’s life, every single person has faced a situation where he/she needs money and borrows it from a friend or an unauthorized lender. But do you know that borrowing loans from banks and financial institutions helps you in a far better way. You can be saved from tiffs, and make regular loan payments at an attractive interest rate. Managing a wedding expense is always a big issue, and you can solve it using the best personal loans in India available at banks and NBFCs. Read the given article to find out the best lender for your marriage plan.

List of best personal loans in India!

HDFC personal loan: The loan from a bank is always a safer decision. And when the bank is HDFC, then you wouldn’t face any problem. A maximum loan amount of INR 15 lakh can be easily sanctioned from the bank if you have an income with less current liabilities. HDFC Bank charges an interest rate from 10.75% to 22.00% based on your credit history, income and age. For expenses like weddings, it is considered the best personal loans in India.

Bajaj Finserv personal loan: A financial institution that has been giving loans to its customers is Bajaj Finserv Ltd. You can borrow the desired amount up to INR 25 lakh from the NBFC. And they charge an interest rate from 12.99% onwards. The borrower can opt for flexible EMIs using the Bajaj Finserv Flexi personal loan, with which they save up to 45% on EMI. The reason it counts in the best personal loans in India is because you can get a loan approved and withdraw the desired amount from your loan limit using the Bajaj Finserv Flexi loan service. 

ICICI personal loan: ICICI Bank gives personal loans to the customers instantly with its quick online services. You just need to visit the bank website to get your loan sanctioned. The interest rate that is charged to your loan is starting from 11.25% in ICICI Bank. After the approval of the loan, the amount is disbursed in your account in less than 10 seconds. 

How to manage EMI during wedding functions?

The next thought that will strike in your head would be how you are going to manage the loan EMI with the wedding. But the answer is as simple as the question is complicated. You can use the personal loan EMI calculator to get the approximate EMI schedule. The bank or NBFC can also give you the amortization table of your loan. With the help of which you can know the payable interest and total principal loan amount.

You also get a wide range of options in terms of selecting the payment method. Earlier the payment facility is limited only to cheques for the loan. But with the digital technologies and banking services, the payment is easier. You just have to set the EMI amount for your loan before making payment. If you borrowed a loan from your respective bank, then at this situation, Standard Instruction is preferred because it auto-debits the EMI amount from the account. You can experience the same benefit using ECS service and make payment from any of your bank accounts.

Now, make your wedding a special occasion for your life, and don’t let the finances bother you and apply for the best personal loans in India.