{"id":1530,"date":"2020-10-28T08:40:53","date_gmt":"2020-10-28T04:40:53","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1530"},"modified":"2020-10-29T10:27:37","modified_gmt":"2020-10-29T06:27:37","slug":"for-personal-loan","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/","title":{"rendered":"Applying for personal loan to fund your wedding ? Worth it or not?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Your wedding is a day that you will remember throughout your lifetime and you want it to be perfect in every way. opting for personal loan can make a dream wedding possible. You can get complete peace of mind about finances for your big day with a personal loan. Continue reading to <\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"know_why_we_recommend_opting_for_personal_loan_for_your_wedding%E2%80%A6\"><\/span><span style=\"font-weight: 400;\">know why we recommend opting for personal loan for your wedding\u2026<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2335091a928\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2335091a928\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#know_why_we_recommend_opting_for_personal_loan_for_your_wedding%E2%80%A6\" >know why we recommend opting for personal loan for your wedding\u2026<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#What_are_the_points_that_you_should_keep_in_mind_before_you_apply_for_a_personal_loan_for_your_wedding\" >What are the points that you should keep in mind before you apply for a personal loan for your wedding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#What_are_the_benefits_of_funding_your_wedding_using_a_personal_loan\" >What are the benefits of funding your wedding using a personal loan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#Receive_wedding_personal_loan_funds_instantly\" >Receive wedding personal loan funds instantly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#Use_the_funds_for_any_wedding-related_expenses\" >Use the funds for any wedding-related expenses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#Choose_EMI_and_tenure_of_your_marriage_loan\" >Choose EMI and tenure of your marriage loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#Benefit_from_competitive_personal_loan_interest_rates\" >Benefit from competitive personal loan interest rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#No_need_to_liquidate_investments\" >No need to liquidate investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/#What_other_strategies_can_you_opt_to_pay_for_your_wedding\" >What other strategies can you opt to pay for your wedding?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<figure id=\"attachment_1660\" aria-describedby=\"caption-attachment-1660\" style=\"width: 1920px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/for-personal-loan\/foto-pettine-ifjhaioaoqe-unsplash\/\" rel=\"attachment wp-att-1660\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1660\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/09\/foto-pettine-IfjHaIoAoqE-unsplash.jpg\" alt=\"for personal loan\" width=\"1920\" height=\"1280\" \/><\/a><figcaption id=\"caption-attachment-1660\" class=\"wp-caption-text\">Apply for personal loan for your wedding expenses<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_points_that_you_should_keep_in_mind_before_you_apply_for_a_personal_loan_for_your_wedding\"><\/span><b>What are the points that you should keep in mind before you <a href=\"http:\/\/moneymall.ae\/apply-now\/\">apply for a personal loan<\/a> for your wedding?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Remember, weddings are expensive. You need to put in a lot of thought to plan your wedding wisely. You have to make sure that you have the funds to plan a wedding of your dreams and the funds enough to cover all the expenses involved. If you are contemplating applying for a personal loan for your wedding, you may want to get educated on things you need to consider before you decide to go down that path. Here are a few of them:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Wedding loans are collateral-free loans, which means that the loan approval depends on credit score, age, repayment capacity, income, and other factors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Before applying, make sure that you check your credit score and fix the errors, if any<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Compare the interest rates online that various banks and lenders offer<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use an EMI calculator to check how much you would be paying and whether you can pay the EMIs comfortably<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_funding_your_wedding_using_a_personal_loan\"><\/span><b>What are the benefits of funding your wedding <a href=\"https:\/\/moneymall.ae\/credit-blog\/use-a-personal-loan-to-improve-life\/\">using a personal loan<\/a>?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Weddings are often considered to be a big deal. A lot of people spend a lot of money on weddings. However, not everyone may have enough money saved. You may have dreamt of the perfect wedding, but to make this dream come true, you need to have adequate finances in place. Personal loans are a good way to fund your wedding, provided that you are getting a good interest rate. There are no loans termed as \u201cwedding loans\u201d, hence, people use personal loan money to fund weddings, too. You can easily avail a personal loan in UAE that can help you manage almost all of the expenditures incurred in a wedding. Here are the reasons why you should fund your wedding using a personal loan:<\/span><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Receive_wedding_personal_loan_funds_instantly\"><\/span><b>Receive wedding <a href=\"https:\/\/moneymall.ae\/personal-loans-in-uae\/\">personal loan funds instantly<\/a><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><b><span style=\"font-weight: 400;\">In most banks, you can get a pre-approved personal loan in no time. You will receive the funds easily with little or no documentation. This means you can plan your wedding better and don\u2019t have to worry about arranging funds every time you need to book a venue, hire caterers, plan your honeymoon, or pay decorators.<\/span><\/b><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Use_the_funds_for_any_wedding-related_expenses\"><\/span><b>Use the funds for any wedding-related expenses<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><b><span style=\"font-weight: 400;\">There are no specific restrictions on how to use marriage loan funds. You can use the funds to pay for your outfits, makeup artists, wedding invitations, hotel rooms, banquet halls, catering charges, flight tickets for your honeymoon destination, or any other expense that you might occur during your wedding.<\/span><\/b><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Choose_EMI_and_tenure_of_your_marriage_loan\"><\/span><b>Choose EMI and tenure of your marriage loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><b><span style=\"font-weight: 400;\">A personal loan usually comes with flexible EMI and tenure options, from a few months up to a few years. Thus, you can customize your repayment schedule based on your monthly income, financial needs and cash flow.\u00a0<\/span><\/b><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"Benefit_from_competitive_personal_loan_interest_rates\"><\/span><b>Benefit from <a href=\"https:\/\/moneymall.ae\/personal-loans-in-uae\/\">competitive personal loan interest rates<\/a><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><b><span style=\"font-weight: 400;\">If you have a good credit score and history, UAE banks are likely to offer you a competitive interest rate on a personal loan for your wedding. With a better interest rate, you can pay off the loan in less time and be debt-free soon.<\/span><\/b><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"No_need_to_liquidate_investments\"><\/span><b>No need to liquidate<\/b> <a href=\"https:\/\/moneymall.ae\/compare-to-save-fixed-deposits\/\">investments<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><b><span style=\"font-weight: 400;\">Some people choose to redeem their fixed deposits or liquidate their savings early to pay for a wedding. But redeeming a fixed or recurring deposit before maturity often incurs extra charges, in addition to the loss of interest on your deposit.<\/span><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_other_strategies_can_you_opt_to_pay_for_your_wedding\"><\/span><b>What other strategies can you opt to pay for your wedding?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you want to avoid applying for personal loan to pay for your wedding, there are many other strategies you can use to cut costs, save money, and pay for your big day:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create a budget and cut unnecessary costs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Sell stuff you don\u2019t need or use<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Automate your savings into a separate savings account<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Take advantage of credit card points or 0% introductory APRs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Generate extra income through a part-time job or hobby<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Consider do-it-yourself wedding projects to save money<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Get a loan or a donation from a family member or a friend<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These strategies can be used to help you save up money quickly for your wedding and cut costs on unnecessary wedding planning expenses.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your wedding is a day that you will remember throughout your lifetime and you want it to be perfect in 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