Clix > Personal > 7 Strong Reasons Why a Personal Loan for Wedding is a Wise Option to Cover Expenses

7 Strong Reasons Why a Personal Loan for Wedding is a Wise Option to Cover Expenses

Clix July 29, 2021

 

A wedding is a one-time affair, and you would want it to be the most memorable occasion in your life. It is the day that marks the beginning of a new life shared with someone else, and you want to share your joy with all your near and dear ones. However, for many people, organising a wedding seems to be expensive. Would you compromise with something less if you don’t have enough funds to organise the wedding of your dreams? Well, you don’t need to. Applying for a personal loan for marriage will make it easier to finance your and cover the expenses.

Below, we will discuss a few strong reasons why a marriage loan is a wise option to cover your wedding-related expenses.

1.    Easy Online Application Saves You Effort and Time

You may complete the online application procedure offered by reputed NBFCs in just a few minutes. For instance, when you apply for a personal loan for a wedding from Clix Capital, you can get your approval within 15 minutes*. You just need to provide a few basic details and fulfil the lender’s marriage loan eligibility conditions. The easy application and fast approval process save the time and effort you can spend towards another productive use.

2.    Simple Eligibility Criteria that Anyone can Fulfil

The marriage loan eligibility criterion required for a personal loan application is easy to match by NBFCs like Clix Capital. If you are a salaried employee with a low debt-to-income ratio and a high credit score, you can apply for a personal loan for wedding and may get your approval in 15 minutes*.

To apply for a personal loan from Clix Capital, you just need to fulfil the following conditions:

    • You must be between 25 and 58 years of age.
    • You must have a monthly income of at least ₹ 25,000
    • You must be working with your current employer for at least 6 months
    • You must have work experience in the current field for a minimum of 12 months

Apart from these, you must also have a credit score of 725 or higher to prove your creditworthiness.

3.    Ample Fund Amount to Finance Your Wedding Expenses

At Clix Capital, you may get a personal loan of up to ₹25 lakhs that you can use to cover your wedding expenses, be it venue, décor, catering, attire, jewellery, or honeymoon. You also get the freedom to choose a repayment tenure ranging from 12 to 48 months as per your repayment capacity.

4.    Quick Access to the Required Money

It is not only easy and convenient to apply for a personal loan for wedding, but once you get your approval, you can have your money disbursed into your account after following just a few simple steps. The steps to apply for a personal loan at Clix Capital are:

    • Visit the Clix Capital website
    • Check your credit scoreand ensure that it is more than 725
    • Fill up the personal loan application form
    • Get your documents verified online that takes just a few minutes. However, if your KYC is not updated, you will have to provide some necessary details.
    • Once you receive your loan approval, accept the loan offer
    • Activate the e-mandate for regular EMI payments on time

5.    Only Basic Documentation Required

To apply for a personal loan, you need just a few essential documents, including your identity proof, address proof, and income proof. For Clix Capital, you just need the following documents:

    • Duly filled online application form
    • Recent passport size photograph
    • Identity proof like Aadhaar Card or PAN Card, or government ID for government employees
    • Address proof like Aadhaar Card, Voter ID, passport, driving license, etc.
    • Income proof, including your last month’s payslip or current year’s Form 16

Minimal documentation requirements of personal loan lenders save you from the hassle and save your precious time.

6.    Repayments Organised into Easy Monthly EMIs

Instead of paying for all your wedding-related expenses from your savings, a personal loan can distribute the amount into convenient EMIs. Use a personal loan EMI calculator to get an estimate of your EMIs and choose a repayment tenor with EMIs you can easily afford within your monthly budget.

7.    No Collateral Requirement

A personal loan for a wedding is an unsecured loan that does not need collateral, security, or guarantor. Lack of collateral also makes the loan processing, approval, and disbursal much faster than otherwise.

Now, if you want to apply for a personal loan for marriage, apply here at Clix Capital and distribute the expenses into easy EMIs. With the flexibility of use, ease of availability, and competitive interest rates, you can have your wedding-related costs met without worrying about the finances.

For any queries, find us on Facebook, Instagram, LinkedIn, Twitter, or WhatsApp

You can also reach out to us at hello@clix.capital or call us at 1800 200 9898

* T&C Apply

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