Wedding is indeed a very special occasion in everyone’s life. Since it happens only once in everybody’s life so it is quite natural for everyone to have a dream of making their wedding memorable & grand. A dream wedding requires a lot of planning –from choosing the grandeur venues to buying a beautiful lehenga, everything needs to be perfect. But making a dream wedding come true is not a plain-sailing task and it costs a lot. From a designer lehenga to the expensive jewellery to booking caterers and venues, everything is very expensive that can burn a big hole in your pocket.
Even if you’ve already saved some money for your dream wedding but there is no guarantee that it would be enough for the perfect wedding as there could be some unexpected expenditures which you can’t simply avoid. What it takes to plan a dream wedding is a good and smart financial planning. Well, that is where a personal loan comes in. We would highly advise you to apply for best personal loan in UAE from any of the bank which suits you the most. A personal loan comes in handy to cover all the expenditures of your perfect wedding. A personal loan is basically an unsecured loan that can avail at the lowest interest rate. Also, it offers a range of benefits including minimal documentation, quick disbursal, flexible loan repayment tenure, and much more.
Before we move further that how can you avail a personal loan for planning your dream wedding, let us tell you why it is a good option.
Why Getting A Personal Loan For Planning A Dream Wedding Is A Great Idea?
Availing a personal loan for wedding is indeed a great idea in the event of not being able to bear all the wedding expenditures. By opting for the personal loan, you can get the desired amount for executing your wedding in an amazing manner and you can enjoy the flexibility of paying the loan amount through easy & convenient EMIs. Here are some other reasons why taking a personal loan is a good bet:
- Quick Disbursal: Even if you’ve already made a financial plan for your dream wedding, there could be some unplanned & unexpected expenditure which can be extremely tough to handle at the last minute. In such circumstances, a personal loan can be your true companion. Because most of the banks or personal loan lenders quickly disbursed the loan amount into his/her bank account if the borrower has a good CIBIL score & meet all the eligibility criteria for personal loan pre-decided by the bank. One of the major personal loan benefits is that it is quick unlike other types of loan. Hence, you can get the money within a few hours only.
- Flexibility to Use: One of the most amazing personal loan benefits is that it provides absolute freedom to utilize the loan amount. That means the borrower can use the loan amount as per his/her need and convenience as there is no restriction involved in using the loan amount. For instance, if you’ve already dig into your savings & deposits for wedding arrangements and you have wrongly estimated the wedding expenditures and already availed a loan of a large amount then you have complete freedom to use it for other purposes. Be it higher education, international vacation, medical emergencies, debt consolidation, the loan amount can be used to fulfill any of the personal need.
- No Risk Involved: Among all the personal loan benefits, one of the key reasons why availing a personal loan is a great idea for planning a dream wedding is that it is an unsecured loan. That means you don’t need to submit any guarantor or collateral for availing a personal loan for wedding. Henceforth, there is no risk of losing any of your assets.
How Can You Plan Your Dream Wedding With The Help of Personal Loan?
First and foremost, you need to ask yourself whether you really need to avail a personal loan to plan your dream wedding. If there is as such no requirement then you can also avoid avoiding a personal loan.
Well before you apply for personal loan, make sure you note down each & every single thing that you’re going to need and estimate the total expenditure of your dream wedding. Also, don’t forget to compare it with the money you already have in your hands.
In case you really need to avail a personal loan for wedding, it is very important to keep the following things into your mind:
- Shop around & look for the different personal loan lenders. Compare the personal loan interest rate, processing fee, and other features then opt for the one that suits you the most.
- Choose the appropriate repayment tenure for your loan. Some people generally opt for long tenure but personal loan have a high rate of interest so choosing the long tenure period can cost you a much more. That is why it is advisable to opt for a shorter tenure which will be affordable for you.
- Borrow the loan amount as much as you can repay in a hassle-free manner.
- Negotiate for a lower interest rate as it can make a significant difference when repaying the loan amount.
- Make sure, you discuss the pre-payment as well as part-payment earlier before procuring a final one.
So, don’t let the money be a constraint when it comes to planning your dream wedding as it is a once in a lifetime event. Finalize the venue of your choice, the best caterers, the most beautiful & designer dresses and more using the best personal loan for wedding. Not only this is a smart idea but also it will not burn a big hole in your pocket as you can repay the entire loan amount over a period of time through equated monthly installments as per your convenience. So, don’t worry, just take a quick action because your big day deserves to be grand and memorable.