Planning to Get Married? Here’s How to Manage Your Wedding Finances

Personal Loan for Marriage

Personal Loan for Marriage

There is a saying that marriages are made in heaven. When it comes to marriage expenses, it is determined here on earth. Marriage is undoubtedly one of the most important and special days in an individual’s life. Indian weddings are mainly popular for their tradition, culture, and style. In every religion, there are various rituals and customs to follow. But no matter how big or small the wedding plan is, it comes with a cost. Well, usually a decent wedding costs up to 10 to 15 lakhs including the cost of decorators, wedding designers, caterers, and many more but with the changing trends, the cost can go high. In recent times, everyone wants to celebrate their big day in a unique way which impacts a lot on the overall wedding expenses. If you are someone who is facing financial crunches, then a personal loan is a great way to manage all your wedding finances. Personal loans are gaining popularity for their hassle-free approval process and easy repayment methods, and that’s why many people are applying for them to fund their dream weddings. 

Personal Loan for Marriage: Manage Everything Like a Pro

Everyone desires to throw a grand wedding but when it comes to expenses, many people find it difficult and challenging too. But not anymore as a personal loan is there to complete all your wedding finances without any complication. 

No matter whether it’s a small or big wedding expense, a personal loan is always your go-to solution. Since personal loans are unsecured, you can use them to pay for anything from decoration to wedding outfits, caterers, food, makeup, and wherever required. This loan lets you organize the wedding in style and create memories without thinking about money.

When you choose Buddy Loan for a quick personal loan, the loan amount ranges from Rs.1000 to 15 Lakhs and you get a lower interest rate which starts from 11.99%. And with the fixed interest rates, the repayment tenure lasts from 6 months to 5 years, which enables you to plan your expenses properly.  Buddy Loan is a number one loan aggregator and holds a record for an 80% approval rate on personal loans. Once you apply, you will get an acknowledgment within 15 minutes. .And you can track all the status of your loan in the Buddy Loan dashboard. Availing of a personal loan for your marriage purpose is always a great choice. 

Check Out the Factors That Affects Your Wedding Finances

Several factors dramatically affect your marriage expenses. Check them out so that you can plan accordingly without breaking your budget. 

  • Wedding venues are a major thing to consider when you are talking about wedding finances. Choose a party hall or banquet that comes under your budget. 
  • When it comes to Indian weddings, food is the ultimate thing where most people don’t wish to compromise. Well, don’t settle down on one, explore, check out all the menus, compare the price, and take the final decision. 
  • Talking about decoration, you can save a huge amount in this arena. Instead of going for floral arrangements, you can opt for simple lighting decorations. Look around and you will find plenty of inexpensive yet classy decoration ideas. 
  • Wedding photography is all about capturing lifelong memories from your special day. From candid to traditional photography or videography, there are lots of options. Now, pre-wedding shoots are in the trend. So choose your photographer accordingly. Try to get the best in less.
  • Outfits and jewelry are the main attraction of any wedding. There is no doubt that you want to look best on your d-day. So try to list down all these things with their approximate costs to get an estimate.

Note – There are many things that you can do to make your wedding more colorful and beautiful. From arranging a DJ party to calling a professional singer/dancer to entertain your family members and guests. But during this pandemic situation, it is suggested to do only the required things. Try to avoid unnecessary aspects. For example, instead of booking a wedding venue, you can arrange all these things in your house.  In this way, you will not only stay safe, but you can also save big. 

Benefits of Applying Personal Loan for Marriage
  • You can track all your expenses from your personal loan account while ensuring a smooth event
  • Lower interest rates and flexible repayment options
  • No collateral is required for personal loans.
  • Online loan application procedure and minimal documentation
  •  Personal loan disbursal within 48 hours of the loan approval
Eligibility Criteria for Marriage Loan
  • Any individual who is self-employed, salaried, or a professional can apply for a personal loan online
  • The person needs to be a citizen of India.
  • Marriage loan documents include valid Aadhaar and PAN cards for e-documentation. 
  • Should have a good CIBIL score and credit history for availing loan for marriage. This may vary from lender to lender, so check before you apply. 

When you are availing of a personal loan via Buddy Loan, you don’t have to worry more about the process or eligibility as we assure a digital procedure with low-interest rates and minimal documentation. All you have to do is list down all the marriage expenses so that you get an approx quote and apply for a personal loan for the wedding. 

Buddy Loan provides a financial solution to each of your financial shortcomings. So, download the app now and meet all your requirements right away.