Weddings are a big deal. They require extensive planning and, of
course, money. Every wedding function and all the smaller functions
leading up to it require a handsome décor, rich cuisine, expensive
jewelry and clothing, gifts, and at least 200 guest invitations. It
generally is a big show.
Regrettably, some unforeseen expenses can
sometimes weigh heavily on your finances. For example, last-minute
expenses may catch you off guard, no matter how meticulously you plan
a wedding. Errors on invitation cards, more guests than intended,
clothing concerns, and last-minute vendor cancellations are all
examples of unexpected expenses.
A Personal Loan for a
wedding provides the much-needed financial cushion to cover such
costs and ensure a stress-free wedding.
5 Wedding Expenses That You Didn't Expect
These are some of the unexpected wedding costs you may encounter
when creating a wedding budget:
1. Invitations
Invitations are among those things that might be forgotten and
for which no budget is set down. Invitations are frequently large in
number, especially in countries like India, where the culture often
entails big weddings. If you use the mail system, postage charges will
add to your already mounting expenses.
2. Paid
Tips
Tipping for services such as food, valet, room
service, makeup artists, and other such services can burn a hole in
your pocket during a wedding celebration. It may not appear to be
much at first, but you may be surprised when the statistics are
added up.
3. Last-minute Attendees and
Arrangements
It's always wise to have your guest list
ready well ahead of time for a wedding. You must do this for your
budget to be planned appropriately. In addition, it's a good idea to
have a few extra seats, hotel accommodations, and food on hand in
case those who cancelled turn up.
4. Transport
If you want to have a grand wedding where your guests are treated
well, you may want to hire transportation services to pick them up and
drop them off at the site. These costs are frequently overlooked, and
they are never planned or implemented. You'd still need more financial
assistance to pay off your debts.
5. Hotel
Reservations
If your guests are set to travel from
afar to attend your wedding, you may need to put them up in a hotel.
However, this could result in additional fees and expenses, as a
hotel stay can be costly.
How Much Does Average Wedding Cost in India?
Following is a list of the major expenses incurred during a typical Indian wedding. Please note that this is just an indicative list and actual expenses could vary from event to event.
| Expenses | Amount (in Rs.) |
| Wedding Cards |
10,000-20,000 |
|
Professional photographer |
50,000-1,00,000 |
|
Hotel/Wedding venue |
4,00,000-5,00,000 |
|
Transportation cost |
80,000-1,00,000 |
|
Clothes | 50,000-1,00,000 |
| Food |
1,00,000-2,00,000 |
|
Other | 1,00,000 |
A Wedding Loan to take care of all the unforeseen Wedding Expenses
A wedding loan is an unsecured Personal Loan for
a wedding that allows you to handle your unforeseen wedding costs
easily. These loans by Poonawalla Fincorp allow for simple online
applications and approval in minutes, making them an excellent
alternative for last-minute wedding needs.
A Personal Loan offers
the much-needed financial cushion to cover such costs and ensure a
stress-free wedding.
Characteristics of a Wedding Loan
A wedding loan can help you deal with a slew of last-minute expenses. If you're thinking about getting one to cover your last-minute wedding needs, it's essential to understand the features and benefits.
No Collateral Required
Unlike any other type of loan that requires you to provide collateral or present a guarantor as a security for the loan, wedding loans are unsecured loans that you can obtain without a guarantor, security, or collateral. This reduces the hassle of getting the loan significantly.
Online Application
Poonawalla Fincorp offers a completely online Personal Loan application procedure thaht you can complete from the comfort of your home using the lender's website or app. Therefore, you do not have to waste time in long queues to obtain the loan.
There Are No End-Use Restrictions
A Personal Loan for a wedding has no end-use restrictions. You can use your loan amount for any wedding-related expenses, such as the venue, food, photography, wedding gown, decorations, gifts, and invitations.
Advantages of a Wedding Loan
Let us look at the advantages offered by a Personal Loan in covering unexpected expenses:
Ease of Obtaining Funds:
You don't have time to go to the lender's office and apply for a loan because you're busy organizing the wedding. Poonawalla Fincorp welcomes you to apply for a Personal Loan online through their website or app, which you may do from your smartphone or laptop.
Quick Approval
Lenders provide rapid loan approval and disbursement, ensuring that you receive the funds you need on a schedule and without delaying your wedding plans.
No Assets to Put at Risk
Because Personal Loans are not secured, you can acquire a loan without putting anything at risk.
Simple Repayment
With flexible repayment periods, you can choose EMIs that fit neatly into your monthly budget.
Finances are Preserved
A Personal Loan for a wedding allows you to organize your wedding
the way you want it without depleting your savings. So plan your
wedding day today and pay for it in simple EMIs at your leisure.
Unforeseen costs do not have to derail your wedding preparations.
Knowing that you can apply for a Personal Loan to assist you in paying
for all of your wedding expenses is comforting.
A Personal Loan
for a wedding provides you with immediate cash. A Personal Loan offers
several other advantages, such as quick approval, flexible payback,
and a simple online application. You may easily manage unforeseen
expenses with a Personal Loan for a wedding. So, seek a loan and
prepare for any unexpected costs to ensure your dream wedding is an
unforgettable event.
Some Frequently Asked Questions:
- What is a good budget for an Indian wedding?
Indian wedding usually happens at a grand scale which means there is a huge marriage expense that the families of both, bride and groom have to bear. It is a common practice in India that you make a budget on the higher side. However, a good budget for an Indian wedding includes various factors such as the location and time of the wedding.
- What are typical wedding expenses in India?
Typical wedding expenses in India include various things such as booking a venue, wedding clothes, ring, catering, ornaments, photography, wedding decoration, and others. A Few things may vary from person to person – depending upon personal choices.
- How much does the average marriage cost in India?
Marriage is one of the biggest celebratory occasions in India where two families come together, not just two individuals. Marriage expenses in India change according to location, social norms, affordability and understanding between both families. Also, it highly depends upon personal choices and wishes what they want to do. Moreover, marriage expenses in India range from Rs. 5 lakhs to Rs. 50 lakhs, for middle to an upper-middle-class family
