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Know why a marriage loan is the best option for your wedding.<br>https://www.herofincorp.com/blog/personal-loan-for-marriage-best-way-to-fund-your-wedding<br>
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What does a marriage loan mean? • This loan assists you in meeting any wedding-related expenses.
1. 2. • Advantages of taking a marriage loan • They are flexible in terms of repayment and utilisation. • They are subject to quick approval.
Venue reservation • You can use the funds to reserve a wedding banquet.
Lighting and decoration • Pay for wedding venue decoration and lighting using this loan.
1. 2. Other expenses • The loan can also be used to pay for caterers, lodging, and transportation. • You can use the money to buy an engagement ring.
1. 2. Qualifying conditions for a marriage loan • The minimum and maximum age limits are 21 and 58 years, respectively. • The monthly minimum income should not be less than Rs 15,000.
1. 2. 3. Key documents for a marriage loan approval • KYC documents • Employment proof Income proof
1. 2. 3. 4. Compare lenders based on their offerings. • What should you contemplate before taking out a marriage loan? Be mindful of your repayment tenure. • Review your credit report. • Refrain from multiple loan applications.
A marriage loan can reduce your financial burden significantly. Just keep the above pointers in mind before proceeding with this financing product.
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