subject: Marriage Loans - Have Your Ideal Wedding [print this page] A wedding day is a god given gift and a man-made reality which everyone treasures and most importantly wants it to be perfect. But the harsh reality of life crushes them as it need lots of funds to carry the event. Hence, with marriage loans you do not have to live in that fantasy world of having a dream wedding. You can now actually make it happen with no obstacles.
Borrowers have an option of availing either a secured or unsecured funds. Under secured loans, collateral is required as a guarantee to the lender. The amount available with secured plan ranges from 500 to 100,000 that can be repaid in the time span of 1 to 25 years. Since, there is collateral placed against the amount it will hold a low interest rate.
Whereas, under unsecured wedding loans lenders do not need any security. Since, there is no collateral the finances hold a high interest rate. The amount made available to customers in this case ranges from 1,000 to 25,000. The repayment period stretches from 1 to 10 years.
There a few positive aspects that one can use to their advantage. Like: the money lending process is utterly stress-free and fast. Also, there is no extra burden of documentation, faxing, etc. People with bad credit ratings can calm down without facing any sort of hassle.
A few guidelines to show you the way through these amazing funds are:
First and foremost, you should sit and decide the budget for your wedding. Only then can you move ahead and make other plans. There is no point in pooling your entire life savings on this joyous occasion and not having anything left to manage your life afterwards.
Next, you have to decide what all arrangements you want for your wedding.
When everything is planned and put on paper, it is then time to execute them. Then the question of applying for a loan arises. You can choose between secured and unsecured, depending on your financial status.
