It usually takes just one decision to transform your life. Mine was the decision to marry my high-school sweetheart Priyanka.
Priyanka and I grew up in the same neighborhood. She was with me through all the ups and downs of my early years and it was she who helped me grow into the person I am today. There was no doubt in my mind that she was the person I wanted to spend the rest of my life with.
After she accepted my wedding proposal last June, I wanted to make sure I leave no stones unturned to gift her the wedding of her dreams. I began researching the best wedding venues, caterers, photographers, and even honeymoon destinations. Everything had to be perfect!
But just a few days into my search, I met the biggest hurdle to my wedding: Every step of the planning process threw up exorbitant prices. I didn’t want to compromise on what was going to be the most important day of my life, but I was having a hard time trying to figure out how I could afford the banquet hall Priyanka and I liked, overnight accommodation for the guests, the food, and the pre-wedding photo shoot.
Our parents offered to chip in with their savings, and both Priyanka and I were very close to taking them up on it, but something didn’t feel quite right. It was our wedding and we didn’t want to burden our parents with the estimated cost of over Rs.10 lakh for our wedding. There had to be another way.
It was during one of our marathon research sessions online that Priyanka first read about personal loans for weddings. A little bit of digging on the Internet told us that Bajaj Finserv offers great personal loans for weddings – they are easy to apply for, require very basic documentation, and get disbursed quickly.
In fact, Bajaj Finserv even offers something called a Flexi Personal Loan – a unique version of the traditional personal loan that lets you borrow on better terms and prepay when you have the money to do so. And that too on amounts as large as Rs.25 lakh!
The fact that we did not need to present any collateral or security to avail the financing piqued our interest. All I had to do was share my KYC documents, salary slips, and my ID proof along with the online application form to avail the loan. As a resident of New Delhi, I met the minimum salary requirements of Rs.37,000 for Tier I cities and was told I was eligible for financing of up to Rs.15 lakh, way more than what I needed for my wedding arrangements.
While I was keen to borrow only what was needed, Priyanka suggested we borrow a little more and book a great honeymoon to Bali! A Bajaj Finserv representative visited my home to explain the application process and collect the documents. And the money was transferred to my bank account without me having to leave the comfort of my home. No hidden costs and no hidden charges.
The best part? Not only was the interest rate on the personal loan reasonable, I even had the option to repay only the interest component of the borrowed amount as EMI – thereby helping make my loan EMI more affordable. I just have to pay the principal amount at the time of closing the loan.
Never in my wildest dreams did I think a personal loan could come in so handy for my big day. Priyanka and I looked like a million bucks, we treated our families to a great day and ensured we had a great start to the most important journey of our lives.
Don’t let money be a constraint when planning the wedding of your dreams. Bajaj Finserv, one of India’s most diversified non-banks, offers flexi personal loans for weddings at attractive rates of interest. Get instant approval and disbursal within 24 hours on loans up to Rs.25 lakh. Know more by clicking here.