Here is How You Can Finance Your Beach Wedding in Mumbai With the Help of Personal Loan
Weddings in India is full of rich culture, the money spent on marriages can range from a minimum of INR 10–20 Lakhs and can reach sky-high. Marriages in India are celebrated with a lot of fun and entertainment. Indian marriages go on for days with each day a new function and celebration. People spend a lot of money on venues, decorations, food, lighting, photography, and clothing.
Indian families are larger in size and thus the number of guests that are invited are far more. Weddings are special and capturing them can be a good memory. Weddings in India are like traditions. It’s a very meaningful tradition that has been followed for ages. As Indian families are huge their weddings are usually big fat ones.
When it comes to weddings the expenses can be huge especially if the wedding is an Indian wedding. As the cost of weddings can be exhausting, you can any day go for a personal loan in Mumbai for a wedding. You can easily manage wedding expenses borrowing the loan.
Taking a personal loan is a better option at this stage; the loan can be borrowed from all major banks and NBFCs. Loans are easily granted to the ones having a good credit score. The credit scores play an important role in getting you the best offer in personal loan. Having a good credit score can definitely affect your interest rate.
Having a beautiful wedding setup at the beach would be so romantic and plus a beautiful memory to remember. A beautiful venue for the wedding is provided by many hotels in Mumbai which are located right next to the beach. You can also go for a sea facing beach bungalow in Mumbai by renting one for your beach theme wedding.
A destination wedding is always more expensive. As there are many expenses to handle: food, guest stay, wedding, event decor and what not. Every Indian wedding function comes will bring in new expenses with it. Weddings are always memorable, it’s fun to laugh at the funny wedding photos and talk about the wedding memories in the future. The wedding is a series of events that will never be repeated. And so it’s important to make it memorable and this can be only done with the help of a personal loan.
A personal loan is easily available on the basis of your credit score. You can easily get a loan if you have good credit score. As the rate of interest in a personal loan is high, having a good credit score can help you in cutting them down.
The personal loan is normally of two types; one is the secured loan in which the borrower has to put collateral against his loan. A personal loan for weddings is usually an unsecured loan but you always have an option to go with the secured loan as you can get a lower interest rate compared to an unsecured loan. A secured loan can be offered to you against your property, gold, fixed deposit etc. In such loans, the bank has less risk involved and can give you a personal loan on a low rate of interest. A personal loan does not have any tax deduction benefits.
Personal loans can be the best choice if you want to finance your wedding. Many banks and NBFCs offer a lower rate of interest and flexible tenure options for personal loans. you can also use a personal loan for emergency or for travelling . Thus the cost of your honeymoon can also be taken care of in the loan amount and you can easily pay off your loan by managing monthly EMIs.
Hence one can easily apply for a personal loan in order to plan a perfect destination wedding at Mumbai beach.
