LUCKNOW, Nov 21: Bajaj Finserv, through an unique financing solution, has launched an innovative scheme to provide personal loan for weddings. Now a person can borrow up to Rs 25 lakh without furnishing any collateral and repay it over flexible tenors that suit your repayment strategy for any marriage purpose.
According to a press statement issued by the company here on Thursday said, the loan money can be used for everything from the catering to the venue, to decorations and even an exotic honeymoon, without breaking a sweat.
The repayment of the loan could also be made in maximum 60 months time. In fact, customer can even use the handy EMI calculator to measure how much of an installment would you be comfortable with and adjust loan parameters as per your affordability.
With this Bajaj Finserv Personal Loan, customer can use the Flexi Loan facility to use only a part of sanction and paying interest only on the amount utilized. Moreover, the option to pay interest-only installments for the initial part of the tenor will help to reduce the EMIs by up to 45 per cent.
The eligibility of the wedding personnel loan was that the customer should be between 23 and 55 years of age, a residing citizen of India, salaried employee working in a reputable MNC, public or private company and should meet the monthly salary criteria based on the city you live in. (UNI)