Weddings are becoming increasingly expensive and the pressure for couples to hold a glitzy, glamorous wedding is building-up day by day. The Indian wedding industry currently accounts for over Rs. 1,00,000 Crores and is growing at a rapid rate of 20-30% each year. A single person in India is estimated to spend one-fifth of the total wealth accumulated in his lifetime on his wedding.
While you might have a dozen ideas in mind for the food, décor and attire you want, it’s very important to decide on your budget at the outset. Sometimes, couples can’t afford the wedding of their dreams and which is why they consider applying for a personal loan.
So even if you have a limited budget, but still want to have a grand wedding, here are a few tips to help you cut corners without compromising on quality -
Plan your Wedding Budget - An Indian wedding is generally a three-day affair with different ceremonies and rituals lined up. Each ceremony requires its own set of apparel, set-up, and materials. The average cost of a single ceremony may range between 3 to 5 lakhs. Couples may sometimes look to increase the number of ceremonies to arrange more frequent get-together of families before they unite. Apart from these, there are several other costs such as the jewellery, band, photography, wedding cards, wedding favours and several others which may add up heftily. Luckily, there are loan aggregators like Loanz Financial Services that help you save a meaningful amount of time while still upholding the standard of your wedding. It provides personal loans to take care of your wedding funds and make sure you gain unforgettable memories of your special day. With affordable interest rates starting from 10.65% and hassle free disbursal, Loanz Financial Services does not charge its customers for the services that they provide. It’s one of the prudent option to satisfy your financial obligations with these loans.
Choose the Right Venue - Once your wedding budget is on its place, the next step is to choose a right venue at the right location for your big day. Be it a destination wedding, or in the heart of your hometown, the venue accounts for heavy percentage of your wedding expenses. Especially during peak marriage season, when the demand for locations is high, prices tend to go up. Hence, it is recommended to choose and book your wedding venue 3-4 months prior to your wedding.
Go for Desi Food – One of the most important aspects of a wedding is the catering. Food is the most talked about topic at any wedding ceremony. It is often the most memorable part of the wedding for most guests. On an average, hotels, and banquets charge Rs. 1,200 per plate for including international cuisine, whereas Indian cuisine costs only Rs. 800 for each guest. Maintaining a wise catering list is equally important as choosing a right and quirky décor.
Rent your Outfit - For any bride, the wedding dress plays a starring role in her wedding. Purchasing a new gown, however, can tie up a hefty chunk of the couple’s budget, consuming funds that could go to other areas of the wedding. Renting a wedding dress is an emerging trend that gives brides the option to wear a stunning gown without completely draining their wedding budget. Even brides who aren’t constrained by a budget can gain several attractive benefits by renting a wedding dress.
With these 4 tips in mind and hassle free support from Loanz, you’re sure set to live and enjoy the dream wedding you always admired about!