Although a wedding holds a special value in our lives, it has become a grand affair. A wedding loan is a personal loan that you can take out to fund your dream wedding
As these are personal loans you do not have to provide any collateral while borrowing this. That means your property or home will not be at stake if you do not repay. However, if you fail to repay the loan on time and in full, your credit score will be impacted severely.
You may use the funds that you receive from the loan for:
- Buying your wedding dress
- Buying the wedding rings
- Pay for the venue and catering
- Covering the shortfall in expenses
- Honeymoon accommodation and convenience charges