A wedding is a once-in-a-lifetime event, and you want everything to be perfect. It is possible to finance a dream wedding with a personal loan or marriage loan, but at what cost? Typically, personal loans have high-interest rates, require collateral, require credit scores, and may not be available immediately. With a loan against security, you can have complete peace of mind about finances for your big day.
Reasons to take a loan against security instead of a personal loan.
1 . High value and large sanctioned amount for executing your dream wedding
Weddings are filled with rituals and nitty-gritty, from exquisite invitations to thoughtful gifts for guests. There are a variety of expenses that never seem to end. RURASH offers Quick and Secured Financing from Rs 10 Lakhs to 100 Crores to meet your bespoke wedding needs. Therefore, if you are planning a destination wedding or choosing a particular stylist for the bride or a particular DJ, everything can be handled easily.
Since the collateral is liquid, this also simplifies the application process and helps you receive approval more quickly. No other collateral is required in order to avail funds, just the shares in your Demat account.
2. The prompt disbursement of funds can save you a lot of time.
As the saying goes, “the early bird gets the worm,” so to ensure your wedding is a success, you should start early. With Rurash’s loan against security, you are able to obtain funds as early as 24 hours post-approval. This way, you get to meet your pre-wedding objectives more conveniently. Be it finalizing your venues, wedding planner, caterers, make-up artists and more, we’ve got you covered. Since most of these bookings require a deposit, you can conveniently pay it from the sanctioned amount.
Having the ability to act as an overdraft as well, the interest is only charged on the amount that is withdrawn from the sanctioned amount.
3. Application process that is easy to use online
The loan application process will not be a major hurdle for you with Rurash’s Loan against security if you are planning a wedding. If you are planning a wedding, you may not have time to devote to loan formalities. The process of applying for a loan can be done online and you can track your loan on the go. You only need to provide a few details in the digital application and it takes only a few minutes to complete. In this way, you may spend more time preparing for your wedding rather than dealing with loan procedures.
4. Process for eligibility that is simple
With only a few eligibility requirements, you can easily meet the requirements. In order to ensure that you can easily qualify for a Rurash loan against securities, there are a few simple eligibility requirements to meet. Make sure you’re a citizen of India. An NREGA Job card, a letter from the National Population Register, or even proof of possession of an Aadhar card is required. A PAN card is also required, as well as proof of address, such as a passport or a driving license.
In addition to these, bank-proof documents, passport-size photographs, and a document proving security are required. Personal loans require a high credit score, but loans against securities do not. Secured loan amounts and sanctioned loans are determined by the quality of the pledged assets. If you fulfill these requirements, you can spend your precious time planning your wedding while Rurash completes your application.
5. Flexible enough to handle planned and unforeseen expenses.
Weddings often bring expenses that go beyond the planned budget. There could be sudden medical emergencies, power failures or any other issue which may require extra funds. This is where the flexibility of a loan against security helps. You have funds ready at your disposal, and you can choose to repay interest-only EMIs for some time, which reduces your monthly installment burden as the repayment will depend upon your cash flow.
Marriages are an integral part of our culture; in most cases, they happen only once. Taking up a personal loan or a marriage loan may seem obvious, but it will not be the best available option, Once you take a personal loan hoping it will help you finance your dream wedding, you may find the burden of EMI and high-interest rates as your unwanted guests. Rurash’s Loan against security is the perfect viable solution to personal loans, as it does not burden you with repayments, protocols, and formalities of a typical loan.
Rurash Financials is one of India’s top investment management firms, providing financial solutions to augment the client’s wealth and facilitate building a legacy.