Budget stress is over after marriage! 5 major benefits newly married couples get from personal loans..

Newly Married Couples: In the early days after marriage, money is needed to run the home, furnish the home, or meet other needs. A personal loan can be a great option. This loan not only meets immediate financial needs but also offers numerous benefits. However, many newly married couples in our country are unaware that a personal loan provides more than just financial resources but also numerous benefits.

Newly married couples can use this money to suit their needs, such as gifting during festivals or traveling. Now, let's explain the benefits you can reap.

Loan disbursement is available within 24 to 48 hours.
The primary advantage is that you can use a personal loan for any need. Whether it's purchasing household items, renovations, buying gold, or planning a honeymoon, this loan amount can be spent anywhere. Unlike car loans or home loans, there are no specific restrictions.

Another advantage is that personal loans are quick to obtain. If you submit the necessary documents on time and meet the basic requirements, the loan amount is usually credited to your account within 24 to 48 hours. This speed is very useful during festivals like Diwali, when expenses suddenly increase. You can use this money to gift gifts to family or friends or meet other needs.

Emi Option

The third advantage is that the loan is easy to repay. If you have a good credit score (above 750) and a clean credit record, repaying the loan is easy. The personal loan tenure can range from 12 to 60 months. You can choose a flexible EMI based on your income, which helps maintain your financial situation even after marriage. This allows you to manage your budget without much stress.

The next advantage is that weddings often involve significant expenses, which often leave couples with less money left over. If you break your savings or fixed deposits, you may face disadvantages, such as penalties or low interest. In such a situation, a personal loan becomes a great support, protecting you from financial hardship in times of need. It allows you to manage expenses without depleting your savings.

Fifth, a personal loan does not require any collateral. It is an unsecured loan, meaning you don't need to pledge any valuables, such as gold or property. This allows newlyweds to meet their needs without any risk. However, interest rates can be a bit high, so it's important to consult a financial expert before taking out a loan. With proper planning, a personal loan can be a smart financial decision for you this Diwali.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.