Wedding Zero Interest Rate Loan: Buy now and pay later, you must have heard this option a lot? It has made it easier for Indians to buy high-end items such as phones, apartments and other high-end items. On the other hand, if we talk about marriage, everyone is aware of how much it costs.
Marry Now Pay Later is a new option for couples and families who do not want to spend all their savings on wedding expenses. This facility has also made paying for a wedding more enjoyable.
Who started this scheme
SanKash, a travel finance platform that currently offers travel-now-pay-later option to its customers, is now looking to offer to the country’s growing wedding market. MNPL scheme has been introduced by him.
Apart from this, MNPL will take the money with zero interest rates in the first six months of the loan. Due to this, the ears of those who take loan from the bank are raised. However, if you choose a one-year loan tenure, you will be charged 1 per cent per month.
“A consumer can borrow up to Rs 25 lakh for a maximum tenure of 12 months,” said Abhilasha Negi Dahiya, co-founder of SanKash.