nationwide Wedding season is going on right now. Indian weddings are different in many ways compared to weddings in other countries. Indian weddings are big events, with rituals lasting for days and grand ceremonies held at grand venues. This is the reason why people spend money like water in 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 relatives or friends. But you can also use wedding loans and credit cards for wedding expenses, which can save you from borrowing money from relatives or friends.
Choose option as per need
Many banks also provide wedding loans to their customers. Wedding loan is a type of personal loan, which can be used for wedding related expenses. Apart from this, you can also use your credit card for wedding expenses. However, through credit card you can spend only within a limit. But which of these two you should choose depends on the expenses incurred in the wedding. If you need more money then taking a wedding loan can be a better option and if you need a little money then you can use a credit card.
Pay special attention to these things also
Wedding loans have lower interest rates as compared to credit cards. Apart from this, in wedding loan you have to pay a fixed EMI. But you can easily make any purchase immediately through credit card. Besides this, it does not require any kind of documentation. Whereas to take a loan you will need many types of documentation. Apart from this, you can use both wedding loan and credit card as per your need. But keep in mind that if you do not pay the credit card bill on time, the bank will charge you a lot of interest as penalty.
Image Credit: India-Tv.