Getting a wedding loan worth Rs. 20 lakhs is not going to be easy if you plan for a personal loan. No bank or NBFC will give such a huge amount as personal loan and for 20 years tenure. This is because this type of loan involves risks.
So one of the best ways to get the loan for a wedding is through a loan against property. You cannot expect a financial organization to lend you money more than your monthly income. Only in extreme cases if you happen to have a really good relationship with the lender, you can expect such an amount as a wedding loan.
Hence, to borrow a marriage loan it is always better to keep your property as collateral. That way you will easily get a good amount and for a long tenure. But make sure that you learn the eligibility criteria in order to get the loan without any hassle.
For more information, you can get in touch with any reputed banks or NBFC who offer different loans with easy repayment options.
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