Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Wedding > Hidden Wedding Expenses That You Should Keep in Mind While Taking a Marriage Loan

Loan for Wedding

Hidden Wedding Expenses That You Should Keep in Mind While Taking a Marriage Loan

Hidden Wedding Expenses That You Should Keep in Mind While Taking a Marriage Loan

Booking your dream wedding venue, hiring a talented photographer, and appointing the best caterer are some of the typical wedding expenses you can cover with a personal loan for marriage. But are these the only expenses you should worry about? Absolutely not!

Though the venue and caterers form the bulk of wedding expenses, there are many other costs that can fly under your radar. These expenses can then pile up into a huge amount.

So, to prevent any surprises later, here are some of the hidden wedding expenses you should consider before signing a marriage loan deal.

Overtime charges

It’s always possible that your party gets a little more exciting and extends beyond its agreed-upon duration. In such cases, the venue and various vendors – DJ, caterers, decorators – may charge you extra depending on how long the party is extended.

So, make sure to leave some wiggle room in your loan deal, just in case your wedding party goes on all night.

Additional Read - Marriage Expenses to Keep in Mind When Choosing a Wedding Venue

Service tax and charges

Well, you can never outrun taxes, not even when it’s your wedding. And if you’re throwing a particularly extravagant party, the taxes may snowball into a huge, worrisome amount.

Therefore, it’s best to sit with the vendors and understand the expenses and their associated taxes before applying for a marriage loan.

Clean up charges and security deposit

Most wedding venues have clean-up charges for tidying up the venue once your wedding’s over. So, do factor in this cost while planning for your loan. Plus, you might also need to pay an upfront security deposit, which usually depends upon the venue size.

Though you or your guests might be unlikely to trash the place, it’s best to include the deposit cost into the loan amount to be on the safer side.

Transportation

If you’re hosting different wedding events at different venues, you may need to provide transportation to your guests. And this comes with transportation costs. The expenses may depend on the number of guests invited.

So, if you have a long guest list, you must factor in the transportation costs before signing any loan deal.

On a side note – Though it’s not a wedding expense, it’s important to compare the various personal loan interest rates lenders offer and choose one which results in maximum savings.

Additional Read - Unexpected Expenses That Arise During a Wedding

Tips

From organisers and servers to decorators and other service providers, it’s a combined effort of a lot of people that makes your wedding day memorable. So, it’s only fair that you tip them!

However, if you’re feeling too generous, or if there are numerous people to tip, it’s best to add the expense into your loan tab.

Over to you

Now that you’re aware of some of the most overlooked wedding expenses, you can plan your marriage loan better. So no hidden expenses crop up at the eleventh hour.

If you’re looking for a reliable marriage loan partner, Tata Capital can help. With our loans, you get affordable interest rates, flexible repayment tenures, and easy personal loan eligibility criteria. 

Start planning your wedding finances with our personal loan EMI calculator today!

Apply Now
Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.