Are you excited about your wedding? Well, you might be dreaming of your D-Day as you’re reading this article.
However, to make your wedding the most special occasion of your life, you have to do some serious planning. A perfect wedding, as well as a honeymoon in an exotic location, can become quite an expensive affair. It often happens that brides and grooms have to compromise on the grandeur of their wedding simply because they do not have enough savings to pay for everything. Remember that weddings come with huge costs, some of which include the bridal trousseau, the venue, the caterers, the band, the decor, and endless other expenses.A combination of all the major and minor expenses can take a toll on your finances. So, if you are worried about how you and your family will be covering the costs, then the first thing to do is to set a budget.
Budgeting is essential as it will help you figure out how much money you will be spending for the wedding, how much you already have, and how much you are short on. Having these figures will give you a realistic idea about your finances and will ensure that your expenses do not spiral out of control.
On an average, an Indian wedding costs about Rs.25 lakh. Such a large sum of money in most likelihood will not be lying around in your bank account. Therefore, it is important to look for other financial alternatives. The best and easiest option is to take a Wedding Loan. This will give you access to cash without you having to break the bank upfront. You can pay back the loan in increments, thereby taking off any immediate financial burden on yourself or your family.
Let us take a look at the range of benefits that you can get when you take a Wedding Loan. This analysis will help you compare the features that different banks and NBFCs have to offer and guide you to arrive at the one that gives you the best deal.
The Perfect Wedding
Weddings in India are a grand affair and come with a long list of expenses. A Personal Loan will help you cover end-to-end expenses. This financial freedom will allow you to plan a destination wedding, buy the designer wedding outfit you have always dreamed of, or keep your guests in an exquisite hotel. The happiness and festivities around your wedding will be something that you will remember for the rest of your life. Make you wedding special not just for yourself and your spouse, but also for all your family and friends.
Easy Application Process
Most people think that getting a loan is a long and complicated process. Well, you will be happy to know that this is no longer the case! You don’t have to visit any branches, negotiate with bank/NBFC managers, etc. All you need is a computer with an internet connection and your wedding will be financed without a glitch! Simply apply for a personal Wedding Loan online. All you have to do is fill in some basic details in an application form and submit it with the click of a few buttons. That’s it, your application process is complete.
Quick Approvals and Disbursals
Once your application is submitted, you can get your loan approved in 5 minutes! Additionally, the loan will be disbursed to you within just 3 days. This is why wedding loans are perfect for quick personal finance. You don’t have to wait for months to get the money. This is a fantastic way to get financial freedom long before your wedding date. You can book the venue 6 months in advance, get the best hotels in town for your guests, and even book your travel and accommodation for your honeymoon.
Such quick approval and disbursal allows you to plan your wedding at a leisurely pace, without having to face a time-crunch.
Customisation!
Banks and NBFCs offer a lot of customisation options for borrowers. The Wedding Loan can be tailor-made to suit your needs. Research and negotiate with banks in order to get the lowest interest rates, the most suitable tenure, the right EMI amount, and more. You should aim for a deal that best meets all your requirements.
For example, you could choose a short tenure for repayment. This will mean that your EMIs will be higher, but the overall interest amount will be lower. On the other hand, if you feel like you can’t afford to pay high EMIs every month, then opt for a longer duration. This will ensure that you pay less on a monthly basis, though your overall interest amount will be more. In order to arrive at the best figures, use an EMI calculator for Personal Loan. You will get accurate answers within seconds, without having to solve anything on pen and paper. This will save time and energy, both of which you should preserve for your wedding celebrations!
Quick Approvals and Disbursals
Once your application is submitted, you can get your loan approved in 5 minutes! Additionally, the loan will be disbursed to you within just 3 days. This is why wedding loans are perfect for quick personal finance. You don’t have to wait for months to get the money. This is a fantastic way to get financial freedom long before your wedding date. You can book the venue 6 months in advance, get the best hotels in town for your guests, and even book your travel and accommodation for your honeymoon.
Such quick approval and disbursal allows you to plan your wedding at a leisurely pace, without having to face a time-crunch.
Keep Track of Finances Online
When you take a loan online, you have access to all the financial information in your online account. Log in and check your repayment schedule, EMI amount, etc. The digital portals that banks and NBFCs have these days make it easy for customers to keep track of the loan. So, after your wedding is over, you don’t have to run around to sort out your finances. Just sign-in to your account and you will have everything on your computer screen.
As you now know, getting a loan for a wedding is easy and simply. It is however your responsibility to get one which is the most cost-effective. Browse banking sites and talk to different banks so that you get not only all the money you need, but also the terms and conditions that give you the most benefits. Once you have finalised on the financial institution, apply for a wedding loan. Just wait for a few days days for the disbursal, and then you can jump start the preparations for your dream wedding!