What is a wedding loan?
A wedding loan or marriage loan is a loan that is taken for the funding of your own wedding or someone else’s wedding, like your child. The funds should cater for everything that you might need, from wedding apparel to catering services and decorations.
Taking a personal loan for your wedding is a very wise choice, but if you’re doing so without proper preparation and if you spend the money mindlessly on needless things, your financial health will need resuscitation before long.
Spend wisely and make sure you compare various options for each expense before deciding which wedding loan to go with. Also, make sure to calculate your ability to repay the money in time, and prepare a realistic repayment plan for your wedding loan or marriage loan. After all, you want the lasting memories from getting married to be all about your big day and not a financial headache.
Requirements to get a loan for a wedding
To obtain a wedding loan, or a marriage loan in Singapore, you are expected to satisfy the following requirements:
- You must be at least 21 years of age
- You must have a minimum monthly income of $2,500
- You must be a salaried Singaporean / PR / EP holder / S-pass holder
If you fulfil all the criteria above, don’t hesitate to start your Singapore wedding loan application with Lendela by clicking the green apply button. We help you through a simple and fast online journey towards getting the best wedding loan in Singapore.
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HOW TO GET A LOAN FOR A WEDDING IN SINGAPORE
A wedding is a big party which calls for big-name expenses for the bridal train, venue, catering, flowers, event photography, media coverage, and the wedding coordinator. A great marriage loan avails you of the opportunity to pay for those mounting expenses in a convenient manner.