After all the wedding festivities and hectic schedules, the opportunity to switch gears to plan for a new beginning starting with the honeymoon is a welcome one. Naturally, you will need to go through a high number of questions that require your answer, and you will need to think carefully before you can make the proper answer to these questions.
What will be the destination? How long will you travel? When is the best time to travel to the finalized destination? Where will you stay?
Now is the time to put the pre-wedding jitters away and celebrate the new beginnings with a new city and scrumptious food. You should think about what’s the best way for you to relax now, and how you can achieve it as smoothly as possible.
However, as you find answers to these questions, it is important to assess other factors that will determine how to make your planning a reality. It’s possible that by the time you are wed, your expenses are exhausted, or you have overshot your budget.
If that happens, then you will need to seek out ways how to improve your budget, and what is the best way for you do to that. But is that good enough a reason not to celebrate the new chapter of your life?
Such situations warrant getting a personal loan. You can apply personal loan for any reason and funding your honeymoon expenses with one has many benefits listed below.
At first, it might look like a bad idea to take one of these when the honeymoon is the sole reason why you’re doing it. On the other hand, you are looking at the travel that will make the start of your marriage perfect.
Therefore, we believe it is essential for you to take a look at this possibility before you eventually decide whether you should opt for this approach or not.
You get instant money: Personal loans have become easy to apply for and they have even quicker processing time. With a paperless mechanism in place, you can get the necessary funds within the same day.
Some banks, like IndusInd Bank, offer personal loans online with nil paperwork, so the entire process is hassle-free for you. You don’t have to go through countless documents before you can find the ones important for your case. There are just a couple of them you will need to go through before you can get the money you need. Thankfully, this is a smooth process, and you will not need to invest a lot of time before it is complete.
Chance to improve credit score: A personal loan allows you to build or improve your credit score gradually. Couples can take advantage of this down the line when they need to apply for a house or car loan. With a good credit score, they can easily get a future personal loan at the best interest rates.
Improving your credit score is essential for any future financial work you want to partake in. Think about it, not having the proper credit score means that the banks will reject your claims for taking a loan. Of course, making it as good as it can be is an absolute must, and this is one of the ways you can achieve just that.
No collateral: It’s easy to get quick funds with personal loans as these are unsecured loans. This means that you don’t need to put up any collateral, which makes things significantly easier. Simply provide your mobile number linked with your PAN card and Aadhaar card for a quick verification process.
Including collateral in these things is an important thing to consider, when we are talking about basic loans. So, when you are looking at the personal loan for your honeymoon, you will see that the situation is somewhat different. You will not need to come up with a list of the collateral. We cannot describe how many people are glad to hear this, since failing to comply with the financial requirements means that you will lose the collateral.
Having said that, applying for a personal loan is a responsibility. It makes sense to apply for one if you have spent a chunk of your savings on your wedding.
Even if you haven’t, it still doesn’t make sense to dip into your savings and exhaust them for honeymoon expenses. With personal loans, you can keep your corpus intact for future emergencies and essential expenses. So, you are not only enhancing the current budget you have, but it is also important to say that you are looking at a way for you to keep your current finances intact.
That way, you can prepare yourself for situations in the future where you will need to pay significant amounts of money pretty fast, and you need a fast reaction.
Before you apply for a personal loan, make sure you discuss the same with your partner, so that both of you can take the decision together and pay towards the EMI comfortably without any stress.
With the new life, you’d want your partner’s support in creating a budget to adjust the new EMIs to pay towards the personal loan. By joining forces with your partner, you can comply with these payments relatively easily. In some cases, you will be able to resolve it as soon as possible.
With a premium bank as your financial partner and joint support from your spouse, don’t let a lack of funds enjoy the best time of your life. Apply for affordable personal loans at low-interest rates, attractive, flexible tenure, and travel to Indonesia, New Zealand, Italy, Greece, or Canada stress-free.
Of course, we advise you to go through a high number of options before you are ready to choose the one that complements your needs the best. It doesn’t mean that the place should be exotic. Instead, we are talking about finding a place where you can spend some quality time with your partner and have a great entrance into your marriage.
Start planning for your dream travel destination today!