Indian weddings involve a lot of expenses and planning that include venue, catering, photography, decorations, gifts, honeymoon, outfits, and so on. Many people save money for years to spend on wedding celebrations.
However, another manageable way to cover wedding expenses is to apply for a wedding loan through a personal loan app. Fullerton InstaLoan app is one such app that allows you to apply for a marriage loan in minutes from the smartphone. Fullerton India instant loans are an excellent way to cover wedding costs. Let’s see why.
Advantages of using Fullerton India Instaloan App:
- No End-Use RestrictionsThe best thing about personal loans is that they do not put any end-use restrictions on how you can use the approved loan amount. You may need to cover several expenses while planning for a wedding, including the venue, food, decorations, photographer, wedding dress, gifts, invitations, lighting, flowers, and so on. Once your loan is approved, you can use your loan amount to cover any of these expenses without informing the lender.
- No Collateral Requirement
Many people mortgage their assets to cover the wedding costs. However, wedding loans are unsecured Fullerton India Instant Loans that you can avail of without any collateral, guarantor, or security. The lender assesses your eligibility based on your credit score and repayment history.
- Easy and Quick Application
Personal loan apps make loan applications extremely quick and easy. You just need to download and install the app on your smartphone and register via your Google or Facebook account. Provide your essential details, upload the required documents, and you will receive your confirmation almost instantly. No paperwork is involved since you just need to scan and upload the documents when requested. The absence of any collateral also makes the loan process much faster than otherwise. Therefore, if you need urgent money to cover your wedding costs, applying through a personal loan app would be of great help.
- Flexible Repayment Tenure
Most lenders offer flexible repayment terms on personal loans. They allow borrowers to select a loan term according to their repayment capacity. Lenders give a personal loan EMI calculator to prospective borrowers. They can use it to calculate their EMIs and select a loan term with an EMI amount suitable to their monthly budget. Choosing your EMIs according to your repayment capacity makes EMI management easier to a great extent. This reduces the chances of default and helps improve your credit score.
- Ample Loan Amount
At Fullerton instant loan app, you may apply for a wedding loan of up to ₹ 25 lakhs, which is usually enough to fund expenses for a big wedding. However, the loan amount offered to you depends on your income, repayment capacity, credit score, DTI ratio, and several other factors. Calculate your expenses and then apply for a suitable loan amount. Borrowing more than you need will only disturb your finances and increase your total loan cost.
- Easy Eligibility
Thanks to their simple eligibility criteria, personal loans for weddings are easily accessible to all. Most lenders have simple eligibility conditions related to their age, income, employment, and credit score. If you fulfill the lender’s eligibility criteria, you are good to receive your loan approval within a few minutes.
- Minimal Documentation
If eligible, lenders ask for a few essential documents to verify your identity, address, and income. For this, you need to provide your identity proof, address proof, and income proof. However, there is no need to visit the lender’s office to submit these documents. If you apply for a personal loan via the personal loan app, you can scan and upload your documents from the link provided and get instant confirmation.
- Fast Approval
No collateral requirement, no paperwork, and online application make personal loans available to the borrowers within minutes. Simply download and install the Fullerton loan app, provide basic details, upload the required documents, and submit. Once you apply for a loan, you instantly get your loan offer. You get your loan amount disbursed into your bank account within 24 hours if you accept it.
If you are looking for a personal loan to make your dream wedding turn into reality, apply for a personal loan for a wedding from the Fullerton instant loan app. It is a great way to cover your wedding-related expenses with easy application from your smartphone itself. So, apply now and make your big day memorable.