Published on Nov 15, 2022Updated on Aug 30, 2026
A wedding is a once-in-a-lifetime experience and is best celebrated as a lavish affair. The cost of a well-planned, enjoyable wedding often comes to about INR 20-10 lakhs, and exhausting your liquid funds from your account for this purpose is not recommended. This is where the idea strikes to opt for a personal loan or credit card for a wedding.
Generally, considering how expensive weddings can get, people decide to loan an amount or borrow the money, so they don’t have to touch their savings. From the venue to the photographer, the music to the food, tons of arrangements will require money. In such cases, we reach out to the eternal solution of all, i.e., to use a credit card or a wedding loan.
This article will walk you through how you can have a lavish wedding with a personal loan or a credit card.
For many reasons, a personal loan for a wedding is a good option. Such a personal loan is a feasible solution when you are looking at a large amount of money to spend at the wedding.
When you have the loan amount, you can choose to pay by cash. This way, you can take care of really big expenses. A wedding loan can be used to cover many huge expenses that include:
Using a credit card for a wedding might not be an illuminating idea, especially because of the constraints it limits the users to. Since the credit limit of credit cards is fixed and defined, it becomes difficult to apply for a wedding loan with such limitations.
However, let us go through the pros and cons of a credit card for a wedding.
Must Read: Personal Loan vs Loan Against PPF
Depending on your situation and circumstances, choosing a personal loan or credit card for a wedding is up to you. However, a personal loan over a credit card has more benefits.
When you have an excellent credit score, you can use different personal loans with low-interest rates compared to credit cards. Secondly, credit cards are a good option when you are making small expenses, but for an occasion such as a wedding, a personal loan is an ideal choice.
Thus, if you are capable of making monthly repayments, borrowing a large amount through your personal loan for the wedding is an optimal selection.
As convenient as the idea of a wedding loan sounds, it could lead one to trouble when a healthy decision isn’t made. Therefore, once the decision to opt for a loan is made, you must make sure to choose the right financial institution that offers competitive interest rates and friendly EMI options.
SMFG India Credit offers personal loans for weddings that let you celebrate the most auspicious occasion of your life. Prompt disbursement of your loan amount follows approval.
The personal loan interest rate with SMFG India Credit starts from only 12.5%* per annum. Moreover, the online personal loan eligibility calculator can be used to calculate your eligibility for a personal loan, confirming whether or not you can take up a wedding loan. To apply, all you have to do is check your eligibility, fill out the form, and upload personal loan documents. Applying for a wedding loan hasn’t been easier, has it?
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
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