Marriage loans are popular in India, and they have all the reason to be. The average cost of an Indian wedding is upwards of Rs. 25 lakhs, and not all people can afford to pay the entire expense out of one’s pocket even after liquidating assets. A wedding involves many things, right from event planners, fashion designers, and florists to caterers. You need to plan and spend a considerable amount of money to make your special day incredible.

So, the question is how to pay for a grand Indian wedding? One of the options to pay for a part of your wedding expenses is through a marriage loan. An instant personal loan for marriage can help you have a grand and momentous occasion while not worrying about its finances. An instant personal loan is quick, collateral-free, easy to apply using the best loan apps, and come with a flexible repayment tenure.

While taking out a marriage loan to fund your wedding is undoubtedly a great option, it is wiser to think through its consequences first and that too with your whole family. Below are the key questions that must pop up in your conversation with family before applying for a personal loan:



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1. Is it vital to borrow money for the wedding?

In the moment, the idea of borrowing some money for having a lavish wedding seems promising. If you are getting a pretty outfit, a stunning venue, a pretty decoration, and an adorable music video starring yourself, all with a simple one-time loan, the idea of borrowing may seem fine. But the fact is that you would have to ‘borrow’ to have a lavish wedding and then have to pay back with interest continuously for a few years. This is the time to think if you are ready for that?

The reality is that most major expenses in a wedding are not a must-have. You can often do away with them and still have a great time. You can think about scaling your expenses down to incorporate all your festivities so that you can pay for the entire wedding expenses from your savings. It’s worth giving a thought to it and discuss with your family. You are starting a life together with your partner, and you would not want to have a debt hanging over your head in the first few years of your married life.

For this first question, take a close look at the numbers of the top five significant expenses and discuss them. See if you can make any tweaks to those expenses to avoid borrowing.

2. Who will share the responsibility of repayment?

Most Indian families live by a joint family system. And, even if the families are nuclear, everyone comes together for a family wedding. So, in discussion with your family members, bring up this question to make clear who will be sharing the load of repayment if you are taking a marriage loan. Most of the times, the head of the family deals with all the financial matters, and he/she may propose an answer to this question. The family may take up some of the load while the couple may bear the rest.

Also, in a wedding, there are expenses common to both bride and groom families. For such costs, make clear how the families are going to distribute the expenses. Just make sure everyone is on the same page on the responsibility of repayment part.

If one of the parties assumes that the other will be covering 100% of the wedding cost, that could result in a conflict. So, it is best to iron things out on issues like who is going to pay for the wedding party before starting your married life.

3. How will the marriage loan affect your other financial goals?

A wedding is the start of a life together. You’d have many other goals in life and things you would want to do as a couple like buying a house, travelling, starting a family, etc. The financial commitment towards repaying a wedding loan must not affect your ability to fulfil your other life goals.

Ensure that you and your family understand the impact of a marriage loan, the impact the EMIs will have on your budget, and your need to accomplish other goals.

4. How long it will take to pay back the marriage loan?

When you take a wedding loan or an instant loan from one of the best loan apps, you commit to pay it back from your future income. It’s important to know for how long your future money is going to be tied up. So, discuss with your family the loan repayment time you’d want.

A shorter payoff term on your marriage loan would mean higher monthly payments. But a longer payoff term would mean lesser EMI and increased interest. Carefully consider the trade-off between your EMI, interest amount, and loan term.


The above 4 discussions related to marriage loan with your family will make it clear how you are going to be financing your wedding. Once you look at a bigger picture of how a marriage loan will make a difference to your wedding ceremonies, and how your future life would be because of that, you can make a wise decision.

Anil Sumra

Anil Sumra is a Digital Marketing Expert with more than 10 years of experience. He loves to write on various financial topics online to create financial awareness. He holds a bachelor’s degree in Finance & Management.

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