Wedding Loan Application in Singapore

1. What is a Wedding Loan? First thing, understand that while you can call it a wedding loan, the loan is really just a personal loan. You can go to a bank in Singapore and ask for a wedding loan, but the application process is exactly the same as one for a personal loan. A wedding loan, therefore, gives you money to cover the costs of the wedding if you donít have the funds to pay for everything yourself. While it is customary in some cultures for one side of the family or another to foot the entire bill, most people donít have the luxury of doing that anymore. Wedding loans, also known as ​marriage loan​ are an excellent alternative to using a credit loan, because you can get a flexible repayment schedule tailored to your needs. A wedding loan can be big or small, helping you cover minimal costs or the entire day, right down to the wedding photographer. You can figure out how much money to take out for a wedding loan by considering the following budget: ● ● ● ● ● ● ● ● ● Reception/Venue: 50-51% of the cost Ceremony: 3-4% of the cost Garments: 8-10% Decorations: 15-17% of the cost Entertainment: 8-10% Photography/Videography: 10% of the entire cost of the wedding Rings: 2-3% Transportation: 2-3% Miscellaneous: 8-10% Now, depending on your culture and/or religion, the costs of the wedding can be vast. There are dozens of things to consider when budgeting for a wedding, so the above list is just an idea. How Can a Wedding Loan Help You? Even if you can cover about 50% of the entire wedding, such as the price of the venue, you might fall short on the remaining costs of decorations and other elements. Thatís where a ​wedding loan​ can ease the burden. Once you have the budget laid out, you can estimate how much money you want or need in a personal loan.

2. Many couples use a marriage loan to cover upfront costs like deposits for the venue or church, which are often required a year in advance. You might also use the wedding loan to make reservations for the honeymoon or the rings. Others use a wedding loan for filling in the costs of extra hidden costs, like paying for food and drink menus or guest gifts. Little things, like photography, entertainment, and decorations might have small individual price tags, but the combined cost bumps up the overall cost of a wedding in Singapore. How Do I Apply For a Wedding Loan? Applying for a wedding loan is similar to applying for a personal loan. You will need to gather up several documents and fulfill the requirements, such as: ● ● ● Being 21 years of age or older; Having proof of employment of at least 3 months to verify income; Be either a Singapore citizen, a permanent resident, or a holder of a Singapore work visa or work permit; Have decent credit or a co-signer with good to excellent credit; Have a record of on time repayment of debts, including other credit card payments, mortgage payments, and student loans; Depending on the loan provider, you might even have to submit bank account documentation and tax information. ● ● ● Once you have submitted your application, you will be required to review the terms and conditions of the loan. Be sure you understand everything that is written in the contract. If the terms are unclear, call the provider. At Cassh24sg, we have representatives on standby who are ready and willing to answer your questions. Why Apply For a Wedding Loan With Cassh24sg? Though there are multiple ​personal loan providers​ in Singapore, including credit institutions, banks, and other moneylenders, Cassh24sg wants to give you a better rate and more flexible schedule. Our fair interest rates and easy application make us a top choice of couples who want money for their wedding fast, so they can get back to planning for the happiest day of their lives. Cassh24sg is a licensed moneylender, and we aim to be honest and transparent in all our procedures. That is why we are open late and communicate with you throughout the entire application process.

3. Feel free to message us if you have any questions or concerns.