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Meet your Wedding expenses with a Short-term Personal Loan

Author: Apoorv Chaudhary
by Apoorv Chaudhary
Posted: Nov 16, 2020

You must be knowing that a personal loan is a multipurpose loan as it can be used for any purpose like a travel loan, student loan, or for that matter to meet all the urgent cash requirements. It is an unsecured loan; this all means you can acquire a personal loan without any security against the loan amount. You can use that money for any of your financial requirements.

Why avail Personal Loan for a Wedding?

Here are some essential reasons for availing of a personal loan for a wedding:

1. It is affordable

Nowadays personal loans have become more affordable; interest starts at 10.90% p.a.

  1. 2. The flexibility of Loan Tenure

If you feel the need for little financial support for a wedding, then you have an option to choose a small number of personal loans. As various lenders offer a wide flexible range of repayment tenure, the liberty of choosing the loan tenure lies entirely in your hands.

You can also avail of short-term personal loans for a wedding as nowadays it is being popular and due to which an ample number of lenders can be found in the market.

Short Term Personal Loans

Short-term personal loans can be defined as a loan taken for a short time like for a year or less. Usually, this type of loan is extended by the lenders for the repayment term from 1 year to 2 years. It has been seen that Short term loans have greater flexibility for the loan repayment within the allotted tenure. Short term loans are mostly collateral-free which means a borrower doesn’t have to pledge any security or collateral to avail of the loan amount.

Best Short-term Personal loans

The definition of best depends from one person to another. There are many loan apps like Cashe personal loan that offers short term loans with complete comfort as you can take while sitting at home. Here are the most popular and favorable instant and short-term loan apps with their benefits:

Indiabulls Dhani

An instant personal loan from Indiabulls Dhani can be applied to meet all your personal financial needs which include home renovation, wedding, exotic vacation, emergency medical expenses, etc.

Benefits of Indiabulls Dhani

  • You can repay the loan as per the convenience within a flexible tenure from 3 months to 36 months.

  • A high loan amount of Rs. 15 lakhs can be availed with Indiabulls Dhani.

  • A competitive rate of interest is offered by Indiabulls which start at as low as 13.99%.

  • The online personal loan application is hassle-free.

Money view

Money View is based in Bangalore, Karnataka and it was founded by Mr. Sanjay Agarwal during the year 2014. It has a team of youngsters who work hard to revolutionize the personal finance industry.

Benefits of Money View

  • Both the salaried and self-employed individuals can avail of a loan from Money View.

  • Money View offers the loan with the CBIL Score of 650.

  • A range of loan amount from Rs. 10,000 to Rs. 5 Lakhs is offered by Money View.

  • An attractive rate of interest starts at 10.99%.

  • Shubh Loans

Shubh Loans offer a short term instant personal loans to the salaried applicants who fit into the eligibility criteria. The loan amount ranging from Rs. 50,000 to Rs. 5 lakhs. You can use Shubh Loans personal loan for any purpose.

Benefits of Shubh Loans

  • The flexible repayment tenure is offered that goes up to 4 years.

  • Shubh Loans offer full transparency in personal loan processing.

  • If you complete half of the tenure that you can go for a top-up loan.

  • Shubh Loans has a wide presence.

  • Faircent

Faircent eliminates the high margins that intermediaries like banks and NBFCs make on the transactions. You can easily apply for credit with Faircent at an attractive rate of interest.

Benefits of Faircent

  • Minimal documentation is required with Faircent.

  • Quick disbursement of the loan amount disbursal.

  • Faircent offers a range of repayment platforms.

  • You can get an instant personal loan at competitive rates.

  • Lendbox

Lendbox is one of the online lending company. This has been set up to provide hassle-free and secure instant personal loans in times of need.

Benefits of Lendbox

  • Both the salaried and employed individuals can apply for the loan.

  • Lendbox offers collateral-free instant personal loans.

  • You can avail of the high loan amount from Lendbox.

  • A borrower can choose loan tenure as per the convenience.

Why avail of the Short-term loan?

  • Quick Application process: All you need is to prove that you have some income to pay back the loan amount.

  • Unsecured Loan: Short-term loans are usually unsecured, which means they don't require any collateral or security for approval.

  • Quick access to cash: Short term loans come with easy loan processing along with the option to pay it back in one lump-sum when you get the next paycheck.

Documents needed for a Personal Loan

This is the common list of documents required for applying for a personal loan:

  • PAN Card

  • Proof of Identity: Driver’s license, Aadhaar, Voter ID, Passport

  • Passport-size photographs

Conclusion:

You can avail of a personal loan for a wedding and have your dream wedding even if you receive a salary in cash, there is an app for you, namely Indiabulls Dhani App, where you can apply for a personal loan without income documents. Just you need KYC documents. That’s it! The loan amount ranges from Rs. 2000 to Rs. 15 lakh.

About the Author

Experienced Search Engine Optimization Executive with a demonstrated history of working in the Information technology and services industry. Strong marketing professional with a focus on Finance & Marketing.

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Author: Apoorv Chaudhary

Apoorv Chaudhary

Member since: Nov 12, 2020
Published articles: 8

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