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Personal Loan

4 ways a Personal Loan can be a blessing for your honeymoon

Summary: Planning about your honeymoon is a must for everyone. Know why to take a personal loan for travel to enjoy a stress-free honeymoon. Learn More..!

19 Mar 2022 by Team FinFIRST

Planning for a wedding can be exhausting. And so, going on a honeymoon is such a welcome opportunity. The excitement is uncontainable. But do you have enough money to spend? Plus, there will be last-minute additions. Still not sure if you should opt for a personal loan for your honeymoon? Here are some benefits you can get if you opt for one.

They’re Easy and Quick


A personal loan can be one of the easiest ways to fund your dream honeymoon. You do not have to rely on family or relatives to make the trip possible for you and your spouse. This allows you to plan as per your budget without any compromise. Moreover, personal loans are known to have a quick processing time. Banks like IDFC FIRST Bank even have a completely digital, paperless online process, making the whole process seamless.

 

 


Chance to Improve Your Credit Score


With a personal loan to your name, you get the chance to improve your credit score. All you need to do is ensure your EMIs are paid on time without missing or delaying a single one. Late payments don’t do well for your credit score. A high credit score allows you to secure your future without the fear of loan rejection.

Do Not Usually Require Collaterals


The benefit of getting a personal loan for your honeymoon is that personal loans are usually unsecured. This means there is no need for collateral, and your assets remain safe with you.

Minimal Documentation


As mentioned earlier, most personal loans require minimal documentation. The only documents needed from your end are valid identity proofs such as your PAN card, Aadhaar card and bank statements dating back to six months. 

With the benefits listed in front of you, it’s time you booked those plane tickets to your sweet getaway. Personal loans can undoubtedly ease the burden of planning and budgeting expenses. To make things easier further, consider IDFC FIRST Bank’s Personal Loan for a host of benefits. Get 50% off on processing fees, competitive interest rates starting at 10.49% and more.

 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.