on a national scale Wedding season is underway right now. Indian weddings are different in many ways from weddings in other countries. Indian weddings are like grand events, with rituals lasting several days and grand ceremonies held in grand venues. This is the reason why people spend money like water on Indian weddings. But in many cases it is also seen that some people do not have enough money to plan their weddings. In such a situation, they have to borrow from family or friends. But you can also use wedding loans and credit cards for wedding expenses, which can save you from having to borrow money from family or friends.
Choose the option according to the need
Many banks also offer wedding loans to their customers. Wedding loan is a type of personal loan that can be used for wedding-related expenses. Apart from this, you can also use your credit card for wedding expenses. However, with a credit card you can only spend within a limit. But which of these two you should choose depends on the expenses incurred at the wedding. If you need more money, taking out a wedding loan may be a better option, and if you need a little money, you can use a credit card.
Pay special attention to these things too.
Wedding loans have lower interest rates compared to credit cards. Apart from this, in the wedding loan you have to pay a fixed EMI. But through the credit card you can make any purchase easily and immediately. In addition to this, it does not require any type of documentation. While to apply for a loan you will need many types of documentation. Apart from this, you can use both a wedding loan and a credit card depending on your needs. But keep in mind that if you don’t pay your credit card bill on time, the bank will charge you a lot of interest as a penalty.
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