New Delhi [India], October 8 : To prepare for a wedding is a cumbersome process! From reserving a venue to booking photographers, bands, florists, and caterers; nothing is easy. And managing enough cash flow for all of these chores can be painful.
But with Fintech Platforms, one doesn't need to worry about it. One can simply log on to these platforms, instead of visiting different banks and get quotations, offers, and services on a click. There are different platforms to help you with all your financial needs when you tie the knot.
BankBazaar is a popular online stop for loans, insurance, and other financial products. One can compare interest rates and insurance offers here. While preparing for the wedding, the couples can also plan for home loans and get insurance cover for travel.
Loantap offers flexible wedding loans, which are a blend of interest only payments in the first five months and fixed EMI payments for the rest of the tenure. This means that the monthly payments towards loan servicing are less for the initial five months. In effect, one also gets the flexibility of a hassle-free loan, along with convenient repayment options.
Faircent.com is India's largest P2P lending platform with over two lakh registered borrowers and 18,000 registered lenders. It is the first platform to launch gold loans, personal loans for students, and loans against property. Couples can take loans from P2P lending platforms to get an instant loan at a cheaper rate of interest, starting from 12 per cent per annum up to 28 per cent per annum. The average ticket size of loans disbursed is approximately Rs. 1.5 lakh.
Marriage is something that should be carefully planned for. It is necessary that one knows about the financial health of their would-be spouse. Now, this does not imply that one considers marrying somebody merely on the basis of their income, but it is essential for one to know how well their spouse is handling his/her finances. On the CreditMantri site, customers can access their credit scores, learn how to improve credit health, resolve past issues, reduce current borrowing costs, and in the process also discover products best matched to their credit profile.
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.