Smart Ways To Plan Your Wedding With A Gold Loan

Finally, you found “the one,” and you are ready to start an entirely new journey of life. The marriage that marks the beginning of this new journey, why not make it an auspicious one, as it is a once-in-a-lifetime event. Indian marriages are the most celebrated ones when compared to other countries. This celebration can sometimes be heavy on your pocket.

If you are planning a grand wedding, you have landed on the right page. Here is a smart way to help your wedding and marriage planning and make it the most memorable event of your life.

A. Planning Aspect

1. Planning your budget

The foremost task, before organizing the wedding, is to decide on the budget and plan accordingly. A wedding involves a lot of things to be taken care of; therefore, we have listed down the following major planning essentials.

• Prepare a checklist of all the events

A wedding is not a one-day event but involves numerous rituals and events consecutively taking place. Therefore, it becomes important to list down all the events that will be taking place as per your traditions.

• Set venue and dates

Decide on the venue for your wedding. This will have a great impact on your wedding costs. If you are planning a destination wedding to make it the most memorable event of your life, then you will need to have a good budget. Apart from the venue, dates may also impact your budget. Weddings conducted in the summer season involve different costs than those conducted in the winter season.

• Decide on your guest list

The number of guests plays an important role as you cannot afford to miss the special ones. Prepare a list of all your dear ones whom you want to become a part of this grand occasion.

2. After wedding expenses

Even after wedding, certain rituals continue as per the traditions. These also need to be taken care of as most of the rituals involve families & relatives and a cost element too.

B. Financing Part

Done with planning and deciding the approximate expenditure for your memorable day? Let’s plan the finances and arrange funds for your wedding. Most families usually save proactively for this day. However, there might be a difference between the amount you have saved and the amount that your calculation shows.

Don’t worry!! This remaining expenditure can be arranged by an easy, instant, and affordable loan. This is where the gold loans come to your rescue. Let’s see how a gold loan can help you live your wedding to the fullest.

How can gold loans help you with your wedding finances?

• Easy to avail: Gold loans are much easier to avail of than other personal funding arrangements. The inherent value gold possesses keeps financial institutions readily available to fund gold loans; thereby, laying down easy to fulfill eligibility criteria.
• Minimum documentation: Gold loans have minimum documentation requirements because of their easy to avail nature.
• Affordable: Gold loans are some of the most affordable loans. If you compare them with other alternatives to finance your wedding like personal loans for wedding, then you will realize how affordable gold loans are.

Interest rates on personal loans for weddings are roughly around 12%-24%. In the case of other personal loans, interest rates are usually around 15%-24%. Whereas, gold loans interest rates are just around 7%-14%. Apart from interest rates, processing fees and other charges in gold loans are also less as compared to marriage and personal loans.

• Instant processing: Gold loans are instant and in most cases, disbursement takes place on the same day on which the application is made. This can help you out to meet upfront payments and unplanned expenditures.
• Flexible repayments: Financing companies usually have a policy to provide flexible repayment options to the borrowers. Therefore, you can select the repayment mode that best suits your needs.

How can indigold improve your gold loan experience?

If you are in search of a trusted lender for availing gold loan, then your search ends with indiagold. Following are the benefits of availing gold loan through indiagold:

• Affordable: Gold loans in indiagold start at just 0.77% per month. Apart from such an affordable interest rate, there are no hidden charges. What can be more fruitful to reduce your marriage expenses?
• Instant Disbursal: This is where indiagold triumphs. Just apply online through the indiagold website or give a missed call on 1800-123-999-888 or WhatsApp us on +91-9310366544. The process of taking gold loan involves assaying of your gold ornaments, KYC and filling up 1 application form. This process usually takes 30-40 minutes depending on how much gold needs to be assayed.
• Secured: Your gold is packed in front of your eyes in GPS-enabled packets and kept in safe lockers with insurance from New India Assurance Co. Ltd. After completion of the repayment, your gold is returned back to you within the next working day.

Bottom Line

Don’t compromise on your arrangements because of a stiff budget. Rather, these are the once-in-a-lifetime movements that should be cherished and celebrated. You don’t need to worry about finances with instant and affordable gold loans available to plan your wedding the way you desire.