Indian weddings involve a series of functions and rituals that continue for days. All the celebrations add to the budget for the event. Rather than exhausting the savings to cover the marriage expenses, taking an instant Personal Loan is a prudent choice. Wedding loans are easy Personal Loans that can help cover marriage-related costs. After determining the loan eligibility, use an EMI calculator to select a suitable tenure with budget-friendly EMIs and use an instant loan app to access the required funds conveniently.
How does a wedding loan help cover wedding costs? Here is some crucial information everyone must know.
Types of Expenses a Wedding Loan Covers
Every wedding, regardless of its size and extent, involves a certain cost. While anticipating the exact wedding cost is difficult, figuring out the cost of each wedding aspect individually gives an approximate value for the total expense.
Venue: The venue takes up a major chunk of the wedding budget. So, browse through the various party plots, hotels, and banquet hall options, and choose them wisely.
Catering: Every wedding host wants the guests to gush about the food served. So, compromising the food budget is never a good idea.
Decorations: Wedding hosts can substantially cut their budget in this area. Floral arrangements are costlier than lighting and paper decorations. Use imagination and creativity to opt for a cost-effective yet classy-looking decor option.
Photography: The photographer is an important aspect, as the wedding pictures will capture the occasion for posterity. With several options available, from candid and traditional to drone-based, a proper photography style will capture efficiently every moment. Outfit: Outfits and accessories are the focal points at every wedding. With so many options available for colors, fabrics, fits, and looks, opt for a wedding dress that makes you feel and look the best. Complementary jewelry and makeup are also necessary to complete the look.
Miscellaneous Expenses: Invitation cards, guest accommodation, transportation, return gifts, and other expenses make up a sizeable portion of the total wedding cost. Take these into account while calculating the wedding budget.
Benefits of Taking a Wedding Loan
The following are the benefits of taking a marriage loan to cover the expenses:
Covers Multiple Costs: Marriage loans are easy Personal Loans with no end-use restrictions. A loan seeker may apply for them to fulfill any purpose, including the costs mentioned above. Obtaining a marriage loan helps tackle any situation, including last-minute cost escalations.
Quick Funding: Marriage loans are Personal Loans that do not require any collateral, security, or guarantor. Hence, applying for one is straightforward. Reliable apps from reputed lending institutions have fast turnaround times, making the credit amount available in minutes. Once the applicant applies for a loan and provides the required documents, the loan provider verifies the details and gives instant approval.
Improves Credit Rating: A wedding loan is perfect for covering different expenses and building a credit history. Paying the EMIs on time will boost the credit score and improve eligibility for future loans.
Hassle-Free Application: Managing the marriage expenses is overwhelming for the wedding host. However, applying for a marriage loan through a quick loan app helps manage the event without adding to the burden. Install a reputable loan app on a smartphone and get maximum benefits along with other features without leaving the house.
Flexible Repayment: Instant Personal Loans have flexible repayment terms, allowing the borrowers to repay gradually without over-stressing their budget. A Personal Loan EMI calculator is a valuable tool that calculates EMIs for different loan terms. The borrowers can select a tenure with affordable EMIs and plan for efficient repayment.
Stepwise Procedure to Apply for a Wedding Loan
Applying for easy Personal Loans through a loan app is easy and fast to complete. These are the steps involved:
- Install the loan app on a smartphone
- Fill out an application form
- Enter your bank, income, employment, address, and other details
- Scan and upload the documents required for a Personal Loan
- Wait for approval
- Accept the loan offer
- Get disbursal in a few hours
A wedding marks the beginning of a new journey in the couple’s lives. Planning for a wedding and executing it within budget is overwhelming. Therefore, taking a wedding loan through a quick loan app eases the planning aspect, allowing the host to focus on making the day memorable.
Additional Read: Guide to Google Helpful Content Updates
