Gift Yourself a Dream Wedding With a Wedding Loan

Weddings are known to be elaborate and expensive affairs. Right from the bridal trousseau and jewelry to the venue costs, catering and gifts for guests, the bills can be very expensive. But that doesn’t mean you have to let the money be a obstacle on your life’s most important moment. Make the occasion memorable for yourself and your family. You can take out a Wedding Loan and ensure that you all have something to celebrate, without having to worry about the costs.

When it comes to funding your wedding, it’s unlikely that you have enough savings to meet costs. The best option is through a Loan, most banks and NBFCs offer Wedding Loans. and you can apply for one to meet the costs.

What is a Wedding Loan?

In essence, a Wedding Loan is a Personal Loan taken to meet marriage expenses. A Personal Loan for a wedding can cover costs like buying jewelry for the bride, venue cost, guest accommodation costs, catering charges, decorator fees and other professional services that ceremony usually require.

Usually, the bank verifies your income and credit score before deciding on the loan amount that they can offer you. The higher your income and credit score, the better your chances to get the loan approved.

Before applying for a loan, it’s recommended that you get a rough estimate of the expenses. Based on your eligibility, you’ll be able to know what amount of loan you can get. That way, you can plan your wedding accordingly.

Why Do I Need One?

Besides the usual wedding costs, there can also be some sudden expenses. If you suddenly decide to live stream your wedding to your extended family who couldn’t make it, you’ll have to plan for that as well. All of this needs money, so it’s best to be prepared.

Destination and theme weddings are the fads at the moment. These can be very expensive. Ferrying guests, theme decor, coordinated costumes and more make these events some of the most expensive marriage ceremonies you can find anywhere. It’s not surprising that most of us don’t have the ability to pay for all of this through normal means. That’s why a Loan can be one of the best things that you can get.

You might be worried about taking the interest rates in Personal loans are high. You might not want to start your married life in debt. If that’s the case, you can borrow from your parents, friends or family at zero interest.

How To Apply?

Applying for a Wedding Loan is a simple process. You can also apply for it online and meet the document requirement to process the loan application.

If you’re a salaried employee, you’ll have to provide proof of identity, residence, salary slips and bank statements for the past 3 months and work experience documents. In case you’re self-employed, you need to furnish your Income tax return. With necessary documents in place, financing your wedding is a simple task.

A Personal Loan for your wedding can be the solution to get the dream wedding you’ve always wanted. Once you enter into wedlock, expenses are going to pop up again. You should predict all of this before you finalise your marriage ceremony budget as well. Only get a loan that you can pay off without burdening yourself too much.

Instant Travel Loans & More About O’Spicy Calicut

Travel loans have become a convenient way to fulfill all your travel dreams without having to worry about money. This is because you can easily opt for quick personal loans from online lenders and pay back over time without compromising on your monthly budget. This week, I would like to tell you more about a quaint coastal town in Kerala and why that travel loan would be worth it.

A land where whiffs of ‘Sulaimani’, the local black tea follow you around! Where the legendary ‘Kozhikode Biriyani’, Banana Chips and ‘Kozhikode Halwa’ hold their own amidst the greatest of Asian cuisines! Where you can soak up the Mystique Malabar and become one among them in no time at all…

Here’s your answer if you are wondering why you should endure a 5 hour journey from Cochin to Calicut. And that is not all. You can just congratulate yourself on stumbling upon an offbeat experience oozing with warmth.

Forever a flourishing spice trading coastal town, Calicut, the erstwhile seat of the formidable Zamorin Empire has a particular draw- the Kappad beach to trace the trail of Vasco Da Gama’s first step to the nation back in 1498- something that changed India’s destiny drastically for hundreds of years to come. Or hop to Beypore to watch colossal shipping vessels called ‘Urus’ being manufactured. More than touristy, Calicut is more of a break from your regular Kerala trip that encourages you to do nothing but absorb the friendliness & serenity flowing all over.

A hunting ground for Ayurveda treatments and ethnic spices, both a terrific hit among the travellers and locals alike, you’ll feel the small town getting bigger and bigger in your eyes. If you are a fan of quietude, we suggest you visit Harivihar Ayurvedic Retreat, a mere 10 minutes from the main town by rickshaw. Calicut Ayur on the banks of Iruthully River too is an idyllic choice. These retreats are so designed that the moment you step inside, the outside noises seem to magically disappear. Quite tempting, isn’t it, to sign up for a massage session?

If interested, you may check out the local Kerala Martial Arts Centre nearby. Clangs of swords and urumi (a very traditional & even more dangerous weapon) add to the surreal experience watching the fighters moving with frightening agility.

A visit to the Theeram Nature Conservation Society around 30 km away from the north of Calicut can shake awake the hidden naturalist in you. The story of its inception is that inspiring. Gobsmacked to find that the Olive Ridley turtles, a part of their staple food, a bunch of local fishermen of Kolavipuram shore to rig up a small turtle hatchery. If you’re visiting Calicut during November to December, you may catch sight of female turtles appearing on the beach to lay eggs, which will hatch in 2-3 months.

People jokingly say that Calicut has more textile shops and eateries than natives. Though a huge exaggeration in itself, you will kind of agree as you walk past oodles of such enterprises. The popular ‘Mittayi Theruvu’ (Sweet Meat Street), close to Mananchira Square is a lively testimony to that. Wandering amidst the street with the swirling mass of busy people can consume your entire afternoon. Its narrow lanes seem to course with the din in tiny sarees and chappal shops punctuated with bakeries that are essentially ephemeral Pandora boxes of pleasures.

5 Important Tips to Get a Personal Loan Approved

You might have a smooth running life, but that in no way means that there won’t be a problem with you. You can face an emergency situation at any point of time. So, for that, you need to be careful enough. A loan at this point of time can be a savior for you. It can help you meet a financial crisis. Through a loan, you are going to get some cash that will be helpful to meet the personal needs. But getting a loan is not that simple. There are certain steps that you need to abide by so that your loan plea gets approved.

Check the Eligibility Criteria

Most of the loan providers do have an eligibility criterion. Some prefer the borrowers to be within a particular age group, generally between 21 to 65 years. Another thing that they might be checking about you is a minimum amount of earning per year. Maintain that you are not a defaulter on any of your previous loans or credit card bills.

Verify Your Credit Score

A credit score is what the lenders are going to determine before they give you a loan. So, before you apply for the loan check for the credit score so that the loan plea does not get rejected. If your scores are not good enough rectify them. This will increase your chances of getting the personal loan approved and also might fetch you attractive interest rates.

Provide Genuine Details

When you are applying for the loan, make sure to provide all details that are true to the best of your knowledge. The lenders will doubt your intentions and will cross check everything. They might consider visiting you or giving you a call personally to verify the information you have provided. So, giving them genuine details will increase your chances of getting the loan approved.

Avoid Several Applications

Aim for a realistic loan amount that is payable by you. So not ask for huge amounts because in that case the plea might get rejected. Another mistake that most people make is applying at several places. The lenders will doubt your intentions and your probability to get the loan approved will be reduced. Also, multiple applications will affect your credit scores.

Have a Stable Source of Income

Having a stable work history is sure to impress the lending institutions. If you are having a minimum of two years of experience that will be an added advantage. Try to avoid switching jobs and maintain a stable source of income.

These are some of the factors the loan providers take into consideration. So, before you apply for a personal loan, consider having a proper knowledge about the terms and conditions and work according to get the loan approved.

Your Genius Guide To Personal Loans For Debt Consolidation

You can qualify for personal loans for debt consolidation even with bad credit. In fact, debt consolidation loans are meant to help people with bad credit rebuild their credit scores and get back on their feet financially, so these are some of the best personal loans around for people with credit problems. You’ll find many more lenders willing to work with you to get bad credit loans guaranteed approval if you’re looking to do it to get your debt consolidated. Sometimes, this can even be in the form of an instant loan that you get the same or next day. If you’re looking for personal loans for debt consolidation, here are some good sources that can work for you.

The Best Personal Loans for Bad Credit

If you have a lot of debt, you probably have bad or at least damaged credit. Getting personal loans for debt consolidation will help you get out of that debt quagmire and rebuild your credit rating if you use the money correctly. Most lenders know that if you want a debt consolidation loan, you’re looking to rebuild your credit and establish a more responsible financial life for yourself, and so they are more willing to work with you. These are the best personal loans you can get in a bad credit situation, because they are usually also the most generous and have the lowest fees associated with them.

You may be given a lump sum and it is up to you to pay off your debts with it; then you make monthly payments on the amount loaned to the loan company. Or, the lender may pay your debts for you and then give you any remaining proceeds from the loan amount to do with as you wish, and you still make monthly payments to the lender. It all varies from lender to lender, but these loans are like gold to people who need to consolidate their debt. Look for debt consolidation lenders who specialize in this type of loan to fund you.

Instant Loan Equals Quick Debt Pay-Off Personal loans for debt consolidation are often instant loans. You can get them the same or the next day. This makes paying off debts quick and easy. You can get out from under the burden of many different debts and have a wonderful feeling of freedom from these instant loans. They are high risk loans, but usually don’t come with the high interest rates typical of other high risk loans, because they are being used for a responsible financial purpose. Once you’ve paid off your debt, you simply have one monthly payment that is typically reasonable to pay to the lender, and once that is paid, you’re out of debt. It’s no wonder these are the best personal loans for people with bad credit.

Bad Credit Loans-Guaranteed Approval

While bad credit loans are never completely guaranteed unless specifically advertised, you can be reasonably sure that you can get a debt consolidation loan even if your credit is bad in most cases. It all depends on the lender. If you can’t find a lender willing to work with you at one place, keep looking, because there will be a lender who WILL work with you in 99% of cases. If you need personal loans for debt consolidation, your options are much clearer and plentiful than if you simply needed high risk loans for frivolous or non-debt consolidation reasons, so use the resources available to you.

Low Interest Personal Loans For Your Easy Access

It is very much difficult to find out a bank or, a money lending company who will provide you low-interest-personal-loans in this poor socioeconomic condition of the business world. But, don’t give up, every problem has a solution. If you are quite unable to bear the load of huge interest then, there are some sources from which you may get loans at some lower interest. Following article will focus on that issue:

The main source for these particular personal loans is the internet. The cause is very clear. If you don’t have enough money or, wealth as well as ‘credits’ in official language, then, certainly, the banks or, lending companies will not issue the loans for you. But, some internet money lenders don’t count these issues. After spending for advertisements and other additional costs, they have enough potential to serve you with these loans and, this helps them to draw quick profit and, popularity in the same time.

There are two types of loans for reduced rate and it’s very important to have some knowledge on them. The first type may be mentioned as, secured personal loan which indicates that, you have to submit a valuable possessions of yours to the lender. You are allowed to submit any thing, from jewelry to, your car. When the total money with interest is paid then, you will regain the submitted craft according to the deal.

At past, it has been seen that, under secured loan scheme, these types of personal loans were issued, specially, if the person who is lending money has something really valuable to submit to the lender. You can call it low-interest-personal-loans-bad-credit.

At an unsecured personal loan, you need not to submit any valuable possession to the money lenders. But, you need to have a good ‘credit record’. You should have enough credits, to pay the monthly installments easily. You have to convince the money lenders and introduce yourself as a trustworthy person. In this situation, it is seen that, lenders lend money at lower interest. Their main concern is, to make a quick profit from a good client. You may call it low-interest-personal-loans-good-credit.

Unsecured loans are not available in this particular section, usually. But, suppose you are a new comer in the business competition. Here, business means money lending business. To enter the mainstream, you have to raise your popularity among the general mass. For this reason, it has been seen that, new companies to raise their popularity provides unsecured personal loans at reduced rates.

Now, I want to give you some suggestions on how to choose a suitable low-interest personal loan scheme. “Cut your coat according to your figure”-may be the perfect suggestion in this case. Lend exactly that amount what you need. Rate of interest depends on the amount you have lent. Concentrate on that thing for which you have taken the loan. Before making any deal you must check the rate of interest, the monthly payments and the other details once again.

Everyone has a definite goal in his life. But, money becomes the main obstacle to reach that place. Low-interest-personal-loan may be the best way to remove that obstacle.

Five Reasons for Refusal of a Personal Loan

Don’t you wish personal finance were a mandatory course in college? Unfortunately, too many of us learn by mistake. When you need a personal loan and are rejected, you might be baffled as to what went wrong- and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way of making an educated decision on whether or not you will pay back a personal loan based on your credit history. No credit is worse than bad credit. Qualifying for and making regular payments on these types of introductory forms of credit can overcome a “no credit” score:

· Student Loans

· Secured credit card (includes a down payment amount)

· Being added to a parent’s or spouses good credit: card, car loan, etc.

LOW CREDIT

Low credit takes on several forms. If you’re using more than 30% of your allowable debt, it can negatively impact your score. Too many inquiries from shopping around for loans will also hit you hard. Lapses in payment, defaults, or bankruptcies are giant red flags and can take a long time to rebuild from.

Other things that lenders may look at are whether or not you have sizeable assets should you default on the loan. They also check to see if your debts are diversified or if you are only carrying one type of debt.

INCOME

Proof of income is generally required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require a work history to see how long you have been with your current employer, and to determine if you typically have job stability. Frequent job loss or change will tell a creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application can be rejected due to your proposed purpose for the loan. Financial institutions have the right to set up the parameters surrounding their disbursements and can accept or reject your application based on what you want to use the money for.

BLACKLISTING

If you’ve defaulted on debt before, your name may be put on a list of whom not to loan to,’ also known as a “Blacklist.” This will follow you around for a long time and is difficult to erase. If you do resolve the debt issues, get documents to prove the resolution.

NO CREDIT CHECK LOAN

If you need a loan now, but are concerned that you might not qualify for a personal line of credit, you can qualify for a No Credit Check Loan. You could be on your way to a better financial future in no time!

Understanding Online Loans

Online loans have become the latest fad. Many people love them due to the benefits that they come with. Unlike the traditional loans that require you to wait for weeks or even months before you receive them, Online loans are released in your account immediately the loan lender certifies that you are qualified.

How to get the online loans

Getting the loans is easy. All you need to do is to visit the website of the lender and make your application. To increase your chances of getting the loan carefully read through the requirements required and provide them.

The cool thing is that online loans are one of the easiest to get. In fact, when you apply for them, the lender will give you the loan even if you have bad credit. All the lender wants to know is whether you can afford to pay. To prove that you can repay the loan once it’s given to you, you should provide a bank statement or proof of employment.

Benefits of online jobs

As mentioned above, many people are going for these loans due to the comfort that they come with. Some of these advantages include:

Ease of access: This is a no brainer. As mentioned, you don’t need a stellar credit score to get these loans. As long as you prove that you can afford to repay the loans. You are ready to go. This is unlike with the traditional loan lenders that will require you to have a good score to get the loans.

Also, you don’t have to travel to your bank to get the loans. All you need is a computer and internet connection, and if the lender certifies that you can repay the loan, he/she will send you the money to your account instantly.

Payment options: Unlike with traditional loans where the repayment of the loans is decided by the lender, with online loans you agree with the lender on the amount that you will be repaying. In addition to this, in the event you lose a job, you can contact your lender and adjust your repayment.

Factors to consider when getting the loans

When you are borrowing the loans, you need to consider a number of factors for you to get the right ones. These factors include:

Amount to borrow: How much money will you be borrowing? The amount allowed differs from one lender to another. You should do your research and find a lender who will give you an amount that you will be comfortable with.

Repayment period: This is the amount of time that you need to repay the loan. Again this differs from one lender to another. The cool thing is that you can reach an agreement with the lender and settle at an amount that both of you are comfortable with.

Interest charged: The loans are known for their high interest, but this doesn’t mean that you have to pay high interests all the time. Before you take a loan, scout for lenders with the best rates.

5 Situations When Personal Loans Can Save the Day

With a rock solid credit history, you can successfully apply for personal loans and expect a swift processing of the same for meeting temporary financial glitch in life. Personal loans are all-purpose loans that can be availed as secured or unsecured loans. These can be used for multiple reasons and the purpose need not be disclosed ever to the lender.

The interest rate of loan depends on the tenure and credit score of the borrower. These can be drawn for a few months to several years as per your requirement.

5 situations when you can use personal loans as a smart financial move:

  1. When you have immediate cash needs: It is practical to use short-term personal loans to bridge the shortage of funds in your life. You can use the funds to support any of the sudden cash emergencies like medical expenses, home repair or funding a foreign trip. The purpose of loan doesn’t affect its interest rate, however your income and duration of loan does. All you need here in a planning stage is to have a strong back up plan for repaying the loan. The repayment will improve your credit score and add to your future worth at the same time.
  2. To avoid bad credit situation: In case you have lost a job or face a sudden spurt of personal expenses such as a wedding or some other expense in your life, you can take recourse on personal loans. Bad credit is a situation you should always avoid. If you have shortage of funds, rather than missing a loan repayment you can borrow some funds. The idea is to not let the score fall for temporary financial challenges.
  3. Consolidate multiple payments: When you have multiple payments to be made every month, it is better to simplify the process by consolidating the loan into one personal loan. By consolidating loans, you just have to pay a single repayment and that will pay for other loans. Availing short-term loans for bad credit is a practical means to mend mounting debts and save a financial mess.
  4. Additional funding for students: Being a student it is not always easy to keep a track on your expenses. Sometimes you need funds for reasons that your education loan misses to pay for. Herein you can apply for short-term loans for students as these are readily available. The short-term loan can also be used as a right way for building a good history.
  5. Business funding: Every new start-up or a business entity needs positive inflows. You need to maintain adequate supply of funds for maintaining sound terms with your suppliers and business associates. The short-term personal loans can be used as business loans to keep the flexibility of operations in your business.

In all of the above cases, personal loans can be used to better manage your finances. However it is prudent that you carefully read terms and conditions of a loan agreement and do not sign a very expensive loan. In case you find yourself unable to make a mind on the loan terms, you should contact a loan broker for a financial advice. He would guide you on the ways to manage your funds and keep your credit score healthy.

What You Should Know Before Committing To A Secured Loan

The loan is secured by the lending company by way of ‘second charge’, which is a different regime compared to the main mortgage that holds the property on a ‘first charge’ basis. The latter is a legal arrangement in which the property securing the loan is registered with the Land Registry.

A homeowner loan obtained through this process can be used for anything the borrow wishes safe for illegal activities or purchases. However, second charge mortgages are usually restricted to funding home improvements or funding huge purchases such as car buying. Alternatively, second charge loans can be used to consolidate existing loans and help reduce the debt obligation of a struggling borrower.

With this arrangement, the borrower is expected to make regular monthly repayments throughout the life of the loan, which can run up to 25 years. The process of selling and administration of first charge secured loans is regulated by the Financial Conduct Authority (FCA) for a considerable length of time.

Today, second charge loans are now exclusively regulated by the FCA and are expected to conform to the same regulations, rules and procedures of ordinary mortgages. What this means is that borrowers will be expected to demonstrate that they can pay back both first charge ad second charge mortgages.

Who is Eligible for a Secured Second Charge Mortgage?

Do you have an existing secured loan(s) or mortgage loans that are currently running? Do you wish to borrow a huge amount of loan than what standard personal loans can provide? If your answers to the foregoing questions are the affirmative, then you are the right candidate for second charge mortgage loans. These loans can go up to £250,000 and are suitable for borrowers who have accumulated sufficient equity in their homes to guarantee the security needed for the loan.

What to Look for Before Taking Out a Second Charge Mortgage

There are numerous things that you need to know before taking a second charge mortgage loan. Here are some of the things to look out for:

By second charge, it means that any default can mean the lender taking you to court and instituting repossession procedures. When this happens, the first lender recoups his or her money back while the second lender gets thee remaining out of the sale of the repossessed home.

Second charge loans come with variable interest rates, meaning that borrowers need to exercise a lot of restraint, as the rates are likely to go up and down. If you have secured a loan that comes with variable rate, you are likely to suffer most if the rates go up, so it is important to assess your ability to pay before committing to this type of loan.

Debt is often perceived as the last option by most homeowners, but financial experts say it can prove to be the only way a borrower can get out of a financial problem in a short term. When you restructure your loan to increase the repayment period, you certainly lower the monthly repayments but increase the overall payment in the long term.

Compare thee Loans before Borrowing

After assessing your need for money (loan), you need to shop around for the best loans warehouse to understand the affordability and the conditions. You need to schedule an interview with various or selected loans agencies before you sign up. Remember that unsecured loans do not have interest rates similar to secured loan types. Unsecured loans have a maximum ceiling of up to £25,000 but this amount may vary from lender to lender and from borrower to borrower depending on the circumstances.

Make Your Decision

With a wide variety of loans available, it can be difficult to make a decision on which loan suits your needs. However, you need to evaluate your own situation based on income, need, outgoings and your credit scores. You may also need to consider if you have enough equity in your property and whether you need a long-term or short-term loan. Perhaps the most crucial question to ask is why you need the loan in the first place.

Borrowing For Your Own Needs

Almost every person who has ever lived has come up short on some payment or another at some point in their life. Sometimes it just feels like life has too many expenses and not enough income to go around. Knowing this, you should probably know how to obtain a personal loan in the event that you ever need one.

What A Personal Loan Looks Like
A personal loan is the type of money you borrowed based on trust in your word and signature. It is known as unsecured debt because you do not put up collateral to back up the fact that you intend to pay the loan back. The only thing saying that you will follow through on this is your promise to do so. As such, a lender has to have some pretty strong faith that you will pay them back. Either that or they will charge a high-interest rate for lending you the money.

Just about any lender is going to pull your credit history when they decide if they will lend you money or not. In fact, a lender that does not do this is probably going to charge you such a high-interest rate that you will wish you had never borrowed the money in the first place.

Borrowing From A Source You Can Trust
There are lenders who do not charge high rates and yet are still willing to lend personal loans to those that they can verify have a high likelihood of paying them back. These lenders are most often credit unions.

Credit unions are different from traditional banks in that they are not for profit. Instead, they are a group of people from the local community pulling together to create their own bank of sorts. These are a good place to turn to because they tend to have better rates on personal loans than do others. Since they are not concerned with profit, you know that they have your best interests at heart.

Provide Collateral If You Can
There is no question that providing collateral is a sure fire way to improve your odds of getting approved for a loan. There are plenty of things that a lender will consider as potential collateral. It could be a business that you own, a home, a car, motorcycle, or just about anything of significant value. The worst that they can do is say that something will not qualify as collateral with them, but that is unlikely so long as the thing you propose is traditional.

Collateral always gives a lender a little more peace of mind. They then at least understand that if you do fail to pay them back, at least they can take over whatever item of value it is that you have put up. It is the worst case for both you and the lender to have this happen, but it will help nudge them towards getting you approved for the loan. Check your inventory to see if you have something that just might qualify.