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How Can a Personal Loan Help You Plan 5-star Wedding?

Marriage is a big day in everyone’s life. Getting married at a beautiful venue can be a beautiful memory. This memory will not only be cherished by you but, also by the guests that you invite to your wedding. Weddings in India are generally a series of never ending functions. Indian weddings usually last a week long. Each day of the entire wedding has a new function or a ceremony.

Generally, Indians have huge families and the number of guests invited is many. Weddings in India is considered as tradition. Indians are well known for their big fat weddings where they go all out. Many-a-times getting married in a small place may not fit all your guest. It’s important to have a venue where your big fat Indian wedding can take place.

Getting married in a 5-star hotel can be a perfect way to host a big fat Indian wedding. You can book the hotel for every function of your marriage. If you opt to get married in a 5-star hotel, the hotel will help you in getting all the preparations done for the wedding. All you need to do is tell them all your preferences and you will not have to worry about anything else.

Some 5-star hotels also help you with wedding planners who help you plan your wedding. They help you plan every function of your wedding as well as the food and wedding décor. In case if you have a wedding theme in mind you can also go for that.

Getting married on the beach can be a beautiful memory of its own and you can choose a hotel that is right next to the beach. The guests you invite will always remember your wedding and talk about it for years to come.

Personal loan for weddings:

Getting married in a 5-star hotel is not something a common man with an average salary can afford. As we all know 5-star hotels are expensive and having a wedding in one will obviously not be pocket-friendly. Spending your savings on your marriage would definitely not be the best option to go for.

But if you sure that you want to have a very elaborate wedding at a 5-star hotel then you can seek some financial help from banks. Banks can offer you financial help by providing with personal loans. Personal loan for weddings can be your best option in such a case. It’s easy to apply for a personal loan. You can either go to banks and complete the application process or do it online. Appling for a personal loan online is more convenient as it won’t take much time. During the wedding hustle applying for a loan online can really work as a life saver.

The interest rates offered on a personal loan are usually high. But interest rates offered by banks usually differ. Some banks may charge you with high-interest rates whereas some may charge a low rate of interest. The interest rates usually depend on the amount that you borrow as well as the loan tenure that you are opting for. If you borrow a higher loan amount, you will have to pay a higher rate of interest, whereas if you apply for a lower amount, you’ll have to pay a lower rate of interest. If the tenure of your loan is high, you will have to pay a lower rate of interest and if you go for a lower tenure, you will have to pay a higher rate of interest.

Now, having a good credit history can save you from paying high-interest rates. Banks generally offer lower interest rates to the ones having a good credit score. A good credit score also makes the personal loan application process faster. Whereas a bad credit score can totally reverse the situation. One not only has to pay higher interest rates over a bad credit score but also his loan application can get rejected or the loan process will be slower.

While getting a personal loan for your wedding can seem like the best option to finance your dream wedding, it is absolutely important that you think this decision through and only then opt for the loan.

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