The extra ingredient that sweetens your wedding: Adequate finance
There’s no escaping the high costs of a wedding. But why let the expenditure
hamper you from having the most memorable wedding of all. A wedding loan offers an
easy solution.
It’s one of life’s most memorable occasions, and it marks the beginning of a
journey filled with love, umpteen challenges, and sweet romance. A wedding heralds
the start of a new chapter in your life, where you cohabit your home with your
significant other, create meaningful moments and maybe think of starting a family
someday…
The wedding is a means to getting the entire family, distant relatives, friends
and acquaintances together to celebrate your special day with you. There’s a lot
of dancing, eating, talking and laughing, and guests go away content with the fun
of the festivities.
But it all starts with planning the wedding the right way, taking care to ensure
that you are able to pull off the party with aplomb. Since you have set a date for
this year, it is time to take a look at your finances and ensure that you have
enough resources at hand to plan the spectacular wedding that you always wanted.
Weddings are beautiful…but expensive!
Nobody can dispute the fact that though Indian weddings are expansive, they
are also really expensive. Indians like to spread the festivities over a few
days leading up to the main event. Meanwhile, money is spent freely on
clothes, invites, wedding venues, ground transport, accommodation for
guests, rituals, catering, return gifts, and so on.
Even the most basic weddings cost a few lakh of Rupees, while the sky is the
limit if you want to really push the envelope in terms of making it an
extravaganza. So, if you’re getting married this year, it would be prudent
to start perusing your personal finances for enough funds to pay for
everything – and make it a wedding to remember. But here’s a note of caution
to proceed with: It’s going to cost a lot!
There’s no escaping the fact that weddings are expensive. Right from
shopping for essentials to paying for the catering, every expense head is a
major one and most of it must be paid for in cash. Whether you plan it
yourself or engage the services of a wedding planner, it’s going to take a
big chunk out of your savings.
Don’t let lack of finances ruin your party – get a wedding loan
But this grim scenario need not shape up to be your reality.
There are stories galore of people cutting down on many expense heads so
that they could pay for the wedding in their limited means. And what other
option do they have – you can create and live out
every other illusion, but you cannot suddenly unearth a pot of gold or a
trunk of banknotes to pay for the wedding. If you don’t have the means to
pay for the wedding you’ve always dreamed of, you may have to scale it down
considerably.
Except, you do have the means to pay for your dream wedding. Have you
considered taking a
personal loan for marriage
? A marriage loan does exist, though it is a relatively new concept in
India. It is offered by reputed financial service providers like LazyPay in
India.
What exactly is a wedding loan, and how does it help you? Here’s taking a
look at LazyPay’s
personal loan offering that
you can finance your wedding with:
- Instant personal loan up to Rs 1,00,000
-
Check your unique credit limit on the LazyPay website or smartphone app
after filling in a few basic details
- Get immediate approval to take a low of Rs 10,000
- Pay interest only on the loan amount you borrow
- Repay the loan with flexible EMI plans spanning 3 to 24 months
-
Use online calculators on the website or LazyPay app to know your monthly
EMI based on the principal amount and tenure (in months)
-
Apply for the loan to get the personal loan for marriage processed soon
LazyPay takes away the worry associated with funding your wedding. Now all
you need to do is get the wedding loan money in hand and plan the event of
your dreams! Begin your journey for a wonderful life with a marriage
personal loan – download the
LazyPay app
on your phone to get started.
But before you apply for the personal loan for marriage…
-
Inquire about the interest rate being charged on the loan. Personal loans
for marriage, or indeed, all personal loans, are more expensive than other
loans since they are unsecured products.
-
This means that are approved based on the applicant’s credit score and
loan repayment ability only – there is no collateral or physical security
that you can furnish, such as in a home loan or car loan.
-
Use the online EMI calculator provided to know how much the personal loan
for wedding will cost you per month. If the EMI amount exceeds 50% of your
monthly income, then it is too high.
-
The lower the rate of interest on the personal loan, the lower your EMI
will be. LazyPay has a clear interest
rate schedule – however, you may be charged more interest if your credit
score is low, or if you are servicing other loans at the moment.
-
Explore the possibility of taking a wedding loan only if you are certain
about your repayment ability. For instance, it is not a good liability to
have if you are mulling the possibility of quitting your job soon, or
taking another loan.
