Gold loan for marriage

A wedding is the most special day in anyone’s life. It is the day when you make a lifelong commitment to starting a new journey with your partner, and this calls for a celebration with your near ones. A wedding ceremony at the right place, with delicious food and decoration, jewellery, and a photographer to document the day is something most peoples dream of.

It’s up to you, need a grand wedding or not, money should not be a reason for not having your dream wedding. Not everyone has enough money saved for their wedding. This is why finance for weddings can be taken care of with a loan.

Wedding Loan

Most people opt for a wedding/marriage loan if they are having any financial problem, it is a part of a personal loan where an individual can opt for if they have the right documents and good credit score, it is one of the fast processes.

While this is similar to a personal loan, a wedding/marriage loan provides you with a higher loan amount that can be repaid in instalments. Some loans require collateral but most loans out there are unsecured loans provided based on your income and credit history. This way, a marriage loan is the one option for your wedding, but many people still find this difficult because it depends on the income and credit score, if you don’t have a stable income and your credit score is also poor then it would be difficult for you to get a loan. But there is another option for you to opt for a loan; that’s a gold loan.

Gold Loan for Weddings

In case you do not qualify for a personal marriage loan due to some reasons, such as unemployment, low income, or a poor credit score, you can still have your dream wedding by just taking out a gold loan If you have sufficient gold assets, you can use these to get a loan.

A gold loan only requires you to complete some basic KYC verification. No credit score is required as they allow lower credit group people to apply for a loan too and doesn’t require any proof of income as well. It is a convenient, hassle-free way to finance your dream wedding.

With Muthoot Finance Gold Loan, you can avail high loan-to-value ratio for your gold assets at minimum interest rates, flexible tenure, and from the convenience of your home. It is the best way to obtain finance for your dream marriage and celebrate the best day of your life.

What is EMI Calculator?

Gold loan EMI calculator is for those individuals who want to borrow money from a lender, using their self-owned gold as collateral. Since Gold prices are booming, applicants get a good value on their gold articles, as the value of the jewellery directly affects the amount of loan to be approved.