New Delhi: A wedding is an essential part of one’s life. The ceremony and rituals connected with wedding are thus, imperative at par not merely for the social show-off buy, but for personal satisfaction as well. Parents begin to save the funds right from the birth of their child. But, the more is not enough for a wedding in this era. You may fall short of cash sometimes but this once-in-a-lifetime event shall not be hindered. In this case, the only option one can see is to acquire a wedding loan from a bank.
Unfortunately, a very few banks provide wedding loan, and that too is not easily available from them because of the strict guidelines. The rate of interest on the personal loan is the highest among all loans available now and wedding loan, too, levies the interest rate almost as same as the personal loan.
Banks have strict norms forms sanctioning a loan. Income level, the source of income, other on-going loans, credit score etc. are some of the eligibility criteria for loan application failing which the application is rejected by the banks and NBFCs. Fortunately, there are certain p2p funding companies like I2Ifunding.com that can help you to get wedding loans at attractive rates.
“The P2P lending is in trend these days as it provides a platform to both the investors and borrowers to get connected with each other. The system allows borrowers to lower the cost of their credit and take advantage of better lending approach as compared with the traditional bank loans,” says Raghavendra Pratap Singh, Co-Founder of I2Ifunding.com.
A small amount of loan is easily availed to the borrowers by the P2P lenders with less burden of fulfilling loan eligibility criteria. Even if your CIBIL (Credit Information Bureau (India) Ltd.) TransUnion score is low but earns a good income from a stable source; you can easily get your loan sanctioned, thanks to I2Ifunding.com.