We all know the cost implications of Indian wedding ceremonies. We are aware of how parents have been saving or investing for decades for their children’s wedding. Jewelry, venue & décor tops the cost chart for Indian Wedding! The list is well known and has been passed onto generations.

But there’s something new these days.

Celebrities and millennials have changed the definition of marriage by adding many dimensions to it. Now pre-wedding photo shoots, destination wedding ideas, personalized theme décor, luxurious honeymoon dreams and wedding songs, rehearsals have become common inclusion in planning. It is lot more professional than impromptu performances that were done in the past. While all this sounds like an added expense, couples themselves take fair share of financial accountabilities for their flamboyant wish-list and bear the expenses to lower the burden of their parents for this additional expense. Self-reliance has come a long way.

Having said that, finances may become limiting factor to make a dream wedding happen. Despite of savings, there’s no limit on the amount one can spend – so, here are five tips to have a rocking wedding on a low budget:

Plan early: The laws of demand and supply work for everything including the marriages. You know the trends, you know what you want. So, advance planning with advance booking helps you get better rates. Research and negotiate to get the best deal. Booking venues and vendors much before time, saves a chunk of money as compared to booking in the last moment. If you have short listed your favorite venue which usually runs booked throughout the year, you know what to do! If relatives have to travel to your location, book their flights beforehand. Pre-planning is the key element to eliminate extravagant expenses and getting what you want. This also saves you from the last hour’s rush and possibly leaves some extra room for expenses as the special date nears.

Shop off season: Trousseau shopping is one of the most pocket-pinching part of Indian marriages. Despite one-time wear, they are pretty expensive for the newlyweds. Apart from jewelry, some couples spend lakhs on the same. Not just themselves but also the bridesmaids and their parents too. Different jewelry sets for different occasions, outfits matching the theme of each function- there’s no limit to what level of personalization can be thought of. However, since most of the trousseaus are traditional in nature, one can shop beforehand.

Refrain from inviting the entire city: Keep your circle small and invite limited guests for the marriage ceremony. This reduces the catering cost by a fair bit and also other expenses, which are incurred in serving guests (right from invitation to return gifts). Invite people who are close to you and the one who cares about you the most. If you are organizing a separate reception as well, categorize the guests and send invitations for that particular function to them. You can receive everyone’s blessings within the budget.

Say no to professionals: Be the wedding planner yourself as planning a marriage is not rocket science. Browse the web and get advice from the experts in your circle and pre-plan everything properly. Even though hiring a wedding planner or event manager makes the job easier, adding personal touch to your arrangements will give you sense of achievement as well as keep you command of actual cost of the function. Also, go for local vendors when it comes to things such as catering services, flower decor etc. Paying just for the name/brand may not be the best decision during weddings.

Plan your wedding with LoanTap!

Marriage loans offered by most of the banks or institutions are same as personal loans. However, when it comes to LoanTap, it is not the same story! We understand how weddings come with a load of expenses that extend well beyond a single day. Expenses incurred in a marriage and a honeymoon may lead to high expense burden even before one starts marital life. Hence, we offer Wedding Loan that gives you the option of interest only payment for first 5 months and then rest of loan repayment through EMI. For first 5 months, you pay Rs 1500 per lakh every month before EMI payments start. You can avail wedding loans starting from Rs. 1 lakh to up to Rs. 10 lakhs. All you need is to have a minimum salary of Rs. 30,000 to be pre-eligible for the loan.

Click here to avail a Wedding Loan from LoanTap. In addition, here are other advantages of availing LoanTap’s Wedding Loan.

  1. Instant Loan Amount: You can check your instant loan amount by clicking ‘Check My Rate’. You know your eligibility and get to know the terms and conditions, processing fees upfront.
  2. Quick disbursal: At LoanTap, we understand your emergency and requirement, hence the process from loan application to loan disbursal does not take more than 24-36 hours.
  3. High loan amount with longer tenure: Wedding Loan from LoanTap ranges from Rs 1 – 10 lakhs. Final loan amount decision is derived on the basis of your eligibility and credit checks. Wedding Loans are available for tenures ranging from min 12 months and up to 24 months
  4. No prepayment charges: Yes! After 6 months of servicing loan, you can prepay entire loan amount. You are also free to change it /convert to EMI Free Loan in case you would like to lower you monthly cash outgo towards wedding loan

So, don’t restrain from fulfilling your dream of that grand wedding!
Click here to know your eligibility and rates, LoanTap has all the support you need.

wedding loan