Emirates NBD Loan Deferment - Know Emirates NBD Personal Loan Deferment Process in UAE. Also check Loan Deferment Process, Fees & Charges, Features & Benefits, and more.
Personal Loan up to 8 times your Salary
Get personal loan at Lowest Interest Rate
Further in the article are a few ways to fund the wedding of your dreams. Choosing the right way to finance your big day can help you come in on budget.
The best option to fund your wedding is to save money for it. By saving money and using it for your wedding expenses, you can enjoy your big day without the stress of paying for it later. It is good to plan ahead for a saving strategy, for this you need to calculate your costs involved in your wedding. Once you calculate the expenses for your wedding, you need to move on to identifying how much you and your partner can save every month.
For instance, you are planning your wedding in Dubai, you can take up a personal loan in Dubai to finance the expenses involved in your wedding. A personal loan is an unsecured loan, i.e. it does not require any collateral. When you use a personal loan in Dubai to finance your wedding, the disadvantage faced is that you can end up overspending. You also commit to a large amount of debt just for one day. If you and your partner decide that a personal loan is a route you are taking, it is important to compare across the available lenders and choose the best deal in your budget.
If you work out a savings strategy and you come to the conclusion that it will take you very long, you can speed up your savings by picking up some extra work on the side. This helps in earning extra funds that can be added to your monthly savings.
Credit cards can be used to fund your dream wedding, however, similar to a personal loan, they can lead to overspending and is not an ideal option for finance. If the credit card route is what suits you and your partner the best, it is important to be well aware of the time and costs involved in paying it off. You should also compare across the available providers and choose the one that offers an economical interest rate and additional benefits.
When you plan to save for your dream wedding, it is a good option to ask your parents if they are willing to put in some extra funds. After penning down your expenses, you and your partner can ask your parents if they are keen on financing any part of the big day.
The Bottom Line
Your wedding is a special day that is remembered for a long time. In order for you and your partner to start off on the best path, it is important to approach the best option for funding your wedding as per your needs.
It is important to do your best to make budget-friendly choices. It is the ideal way to save up for the big day. However, other options are available such as credit cards, or a personal loan in Dubai. For any of these options, it is important to do thorough research before opting for any provider.