Wedding is a highly awaited event in one’s life but it could be one of the most hectic one too for any family. Apart from requiring you to manage guest list, venue, catering, decor etc. it needs adequate funds to turn successful. Therefore, it needs proper planning, enough manpower and just the right funds. The Loan Against Property Interest Rates
are quite low in comparison to other loans available.
If you are contemplating financing options for the wedding you may opt for loan against property. This will let you liquify the fixed asset (property) without any hassles. You may take up to 60-70% of the property as loan from leading NBFCs. Simply ensure the property does not have any existing loan on it and is free from any litigation.
With relevant documentation you may take high value loan up to Rs. 3.5 crores on flexible tenure of 2 to 20 years and at affordable rate of interest. Lending institutions understand your need for the loan and thus do not scrutinize its usage and it can be used to cater to several financial obligations from hiring a wedding planner to catering and much more.
You may easily pay off the loan with the Flexi Loan facility provided by NBFCs. This is a unique facility which lets you borrow as per your needs from the loan amount sanctioned. Interest is charged on these daily withdrawals which helps to lower the EMIs by up to 45% and easily pay off the loan.
However, in case you already have a loan against property for your wedding you may opt for Balance Transfer on this existing loan. This is a simple process which can be completed with minimal paperwork, quick processing so you can avail high value top up.