We know how curious you are for your wedding. After all, this is a moment that you were eagerly waiting for and it has finally arrived. But are you ready to make it memorable? Are you shaking your head or have enough budget to make it big? Well, you need not think much as you can take the help of personal loans. If you’re a first-time borrower, then you know that personal loans are collateral free and you can have them at an attractive rate of interest. Since there is no restriction on the money you lend, you can use it to fund your wedding. If you want to take a personal loan for the wedding, then you can take HDFC Bank personal loan. But before you get started please look at the factors which are crucial to plan a wedding with HDFC Bank personal loan and save money.
So, let’s look at the ways to plan a grand wedding with HDFC Bank personal loan and save big!
List down expenses
Wedding doesn’t happen daily; hence, each couple tries to make it unforgettable. However, people living in the metro cities may relate that how costly a grand marriage can prove if you don’t plan it well. But you can take a personal loan, as now you can apply but before applying for it for it you must outline the rough expenses which are needed to make. To outline the wedding expenses, allocate a budget for a wedding dress, venue, caterer, and decorator.
Do a detailed market research
Now, when you have a rough budget, try to reach out to the vendors from the related industries. To come up with meaningful research, you can find them online or locally. Once you find out the details of the specific person from the respective industry, take a meeting and tell them about your budget and limitations. As, it may be your first instance with them, try to collect many quotations, see their recent work before finalizing a vendor.
Try to achieve results in a pre-defined budget
Ensure that everything remains under control because you are planning to take a personal loan for it and it may cost you later if you don’t spend it carefully. To mitigate the budget, you can negotiate with vendors, avoid shopping from local markets, and prefer wholesale markets. If you take this seriously, you can save at least 5% on your wedding budget. Not only this save money will help you later but also it will put a less burden of the personal loan on your shoulders.
Read all the details about the personal loan like principal loan amount, interest rate, repayment tenure, documents required
Before applying for an HDFC personal loan for wedding you take care of the certain aspect like eligibility criteria, document, and your CIBIL score as this will increase your chances to get a personal loan.
- Minimum and maximum age to apply for a personal loan.
- Check HDFC Bank personal loan interest rate, processing fees, prepayment charges, EMI failure charges, and repayment tenure.
- Collect documents needed to apply for HDFC Bank personal loans like address proof, id proof, income proof, etc.
- Make a good use of the HDFC EMI calculator online to get a clear idea of the amount of monthly installment, total interest you will pay during the repayment tenure.
HDFC personal loan online application
After reading the eligibility criteria and collecting your KYC documents, it’s time to submit your application. Now there are two ways to apply for a personal loan- visiting the branch or applying it online. If you apply a traditional way, you experience that the process takes longer than the online application. Applying for a personal loan is easy, and in minimum time your application gets approved.
Receive your personal loan directly into your account
When you use an online channel to apply for a personal loan, your application gets tracked easily and you can get funds transferred directly into your account. Not only your application becomes trackable; you also save your precious time. As you apply for HDFC personal loan online application, the bank scrutinizes your application to see if the application fit in the eligibility criteria, and send you an approval. Once the application gets approved, you accept the offer, and the next day, the HDFC Bank transfers the loan amount into your account.
Start with making a rough budget and reach out to the vendors online or locally. But ensure that never finalize a lender before seeing their recent work. To save money and stay less troubled with the personal loan, keep your emphasis on keeping things under your budget. Before applying for a personal loan, read all the information carefully then decide and apply online to save time