Marry in Style with wedding loans
Posted by trishyasharma on November 7th, 2019
In India, marriage is that important event of an individual’s life that marks the union of not just two individual but their families as well.. Indian weddings are especially known for their royal feel, opulence and extravagance.
So an average Indian wedding cost for an average Indian approximately anywhere between Rs. 10 lakhs to Rs. 30 lakhs including the cost of guests management, clothing and gifts, jewellery, venue and decorators, food and beverages.
The absolute reality of making the wedding event royal in every sense take a hit when one has to prioritize monies. The financial aspect plays a crucial role in wedding planning as everything from venues, decor, wedding planners and food comes.
Does not matter how much you plan, one may need additional finance for such events. This is where wedding loans or marriage loans come to your rescue. It is essentially a personal loan which you can avail to cover the varied expenses of your wedding. Like a personal loan, wedding loan is an unsecured loan and can be utilized for all purposes like venue booking, caterer, jewellery shopping, decor to booking a hotel for the wedding guests. It is an simple solution to meet all the expenses without having to exhaust all emergency funds. One of the advantages of a wedding loan is that you can co-borrow this loan along with your spouse to share the expenses in a uniquely collaborative style.
Factors to keep in mind while applying for a Wedding Loan
To understand how much of loan one should apply for, here’s top tips:
One may look for following benefits in the digital NBFC.
Weddings in India are a once-in-a-lifetime event which definitely makes them splurge-worthy. Since marriage loans are personal in nature, the parameters for eligibility is more or less similar to a regular personal loan. Lenders primarily check for intention to pay and ability to pay and help you check your provisional loan amount instantly as well by taking fewer details. Hence, you can be sure of the amount that you have applied for.Also See: Wedding Loans, Wedding Loan, Personal Loan, Marriage Loans, Wedding, Loan, Loans
Federal Funding Programs
Each year billions of dollars are distributed to the general public through government, federal and private funding programs in the form of grants, low interest and no- interest loans. Click to learn more about these programs!