How to Arrange Funds for Weddings?

Planning a wedding brings joy and excitement to all involved. Yet financial hurdles often surface during the planning process. From selecting a venue to arranging caterers and decorations, the expenses can accumulate swiftly. To finance a wedding without straining your budget, meticulous planning and strategic implementation are essential.

Thorough research is imperative prior to finalising the venue and other crucial aspects to ensure the execution of your plans without jeopardising your well-being. Let's delve into strategies, for funding weddings while savouring this celebration. 

How to Raise Money for Your Wedding?

Raising money for a wedding does not need to stress you out. You can find many ways to get funds for your special day and create lasting memories for everyone attending. You may start saving early to reach your goal on time or look at your current investments to plan a wedding accordingly. You could also look into taking out a loan from lenders at good rates or ask your relatives to chip in.

Easy Ways To Get A Personal Loan For A Wedding

Most people want their wedding to be perfect. Some have saved enough money to throw a big party, while others might find it hard to pay for the wedding they have always imagined. If you are looking for how to arrange money for your sister's wedding, a personal loan might be your best option.

Set a Realistic Budget

You will have better financial management when you understand your needs and set a realistic budget for the wedding. You may be liable to pay high interest if you overborrow from the lending institutions. Make a detailed list and borrow what you need.

Saving Strategies

You should always save, as life can throw many unexpected hurdles towards you. You can borrow a smaller amount if you have already saved in the past. This practice reduces the financial burden.

Fundraising Methods

Nowadays, fundraising has been gaining immense popularity. There are many online platforms that help you raise funds to bring you closer towards your goals. You may also try to run social media campaigns and encourage all your family and friends to share and support the initiative. 

Also Read: 10 Simple Steps For Planning Your Dream Wedding

Utilising Side Hustles

Side hustles like freelancing, tutoring, etc., can bring many advantages when you have a big financial responsibility coming up. Save the income that you earn from these side hustles and utilise them when needed. They can help you cover various expenses and put your mind at ease. 

Borrowing Options

It is one of the traditional methods that allows you to reach your goals without major inconveniences. There are many reputable lenders to help you in making the wedding successful. You can also ask your friends and family to lend a hand in arranging the wedding. 

Also Read: 10 Ways to Stay Organised During Wedding Planning

Cutting Wedding Costs

There will be less financial stress when you start cutting wedding costs. It includes avoiding unnecessary add-ons, opting for minimal yet classy decoration, and more. You will take a smaller loan, which you can repay quickly without stressing out after the wedding.

Sponsorship and Bartering

Vendors might offer their services for free or at a discount if you promote them. It can cut your wedding costs a lot. You could save money on food, photos, and where you have the wedding. These deals with businesses can make a big difference in what you end up paying.

Utilising Wedding Loans 

Last but not least, utilise a wedding loan. Wedding loans are tailor-made for borrowers who want access to quick funds. They offer competitive interest rates and can help you manage everything you need for a successful wedding function. 

Also Read: How to Start a Wedding Planning Business

How Does Hero Fincorp Personal Loan Help You Arrange Money for Your Wedding?

Hero FinCorp personal loan is regarded as one of the best loans in the market. Here’s how we can help you arrange money for wedding:

• We have a completely digital process.
• You can request a loan and receive the funds without leaving your house. The process is simple. You do not need a high income to qualify. People who make Rs 15,000 or more can apply for a personal loan. It opens up borrowing options for a wide range of individuals.
• You need not worry about the funds as we give instant approvals. With this factor, you can conveniently plan your wedding with the funds ready to be used. 

Also Read: 13 Hidden Wedding Costs You May Forget To Budget

How to Apply for a Personal Loan to Arrange Money for Your Wedding?

Want to get the wedding planning started and enjoy those special times? Here's how you can get a personal loan:

• Download and install the Hero FinCorp Instant Personal Loan app.
• Register using your mobile number.
• Enter a few necessary details like your personal, professional, employment, and financial information.
• Scan and upload the required documents, including your identity, address, and income proofs.
• Get approval with a loan offer after the verification.
• Accept the loan offer to initiate the disbursal process.

Also Read: Best Spreadsheets for Wedding Planning To Stay Organised

Conclusion

We hope this guide on how to arrange money for marriage provides you with solutions. A personal loan is a sensible solution ensuring that your big day is everything you have dreamt of without putting your finances at risk. When you are making money choices, take a good look at what's out there and pick the loan that fits your needs and wallet. This way, you will start your married life without money worries. Avail a personal loan online via Hero FinCorp easily. 

Frequently Asked Questions

1. How do you financially prepare for a wedding?

Follow these methods:

• Save funds for your wedding
• Carefully set a budget
• Choose cost-effective strategy
• Get help from friends and family.

2. What is a normal wedding budget?

An average wedding in India is somewhere between 20 lakhs - 5 crores. However, everyone has their own preference, style and budget to commit to.

3. How much money should I have before marriage?

One should save at least 50% or 1/3 of their income before marriage. It ensures that everything goes smoothly and as planned. 

4. Should marriage be 50/50 financially?

Finances should be divided in a relationship in proportion to your income or equally by depositing funds in a joint or shared account. Even if you split your bills, you can handle your finances as a team.

Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader's discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.