Wedding Loans: Saying "yes" to the Entire Wedding Package!

By: Marsha Claire ">

You've finally decided to say "yes" to your partner... The day you've chosen as your special day is fast approaching-the day we all wait for with great anticipation-our Wedding Day! We've all dreamt of the perfect day when nothing goes wrong. Two happy families, lots of eager friends, a band adding harmony to the day, the most exotic array of delicacies, accompanying drinks, the most beautiful dress for the bride and a stunning tuxedo for the groom. Adding to the beautiful day are the decorations that change the entire setting - a fountain, tents, statues, flowers-orchids, lights and lots of additional ornamentation that can add that special sparkle to your day!

Saying yes to your partner is saying yes to the entire package - your partner, as well as the expenses involved to make your Wedding Day so colourful.

Wedding Loans are custom made. They can be altered to your expenses--they can be made to cover only those expenses that you want it to cover. Wedding Loans can cover expenses involved in decorations, clothes and accessories, catering and also guest accommodation. Wedding Loans can also fund your honeymoon--travel, leisure activities, accommodation, etc. They are an all-in-one package and can be arranged to meet your personal tastes.

While choosing your Wedding Loans, remember that they can be either secured or unsecured.

Secured Wedding Loans:

*Secured Wedding Loans require the borrower to put up collateral of sufficient value as security, which is in the form of your home, car, jewellery, etc.

*Secured Wedding Loans loan amounts ranging between ?5,000 and ?75,000.

*They offer you loan terms that extend up to 25 years, making you repayment method very convenient.

*Secured Wedding Loans have lower interest rates than the unsecured ones. They also have longer repayment terms, larger loan amounts and flexible options.

*Secured Wedding Loans have a better market and are more popular because of the low interest which makes the entire loan much cheaper and affordable.

Unsecured Wedding Loans:

*Unsecured Wedding Loans do not require any collateral and hence are ideal for non-homeowners, tenants and also those who do not want to put their assets at risk.

*Owing to the absence of collateral, Unsecured Wedding Loans have higher interest rates, shorter repayment terms, smaller loan amounts and less flexible options.

*Unsecured Wedding Loans loan you amount up to ?25,000.

*Their repayment terms extend up to 10 years only.

*Good credit history is comparatively more important for unsecured loans because this is what tells your loan provider about your repayment capacity.

*The conditions are less favourable because the Unsecured Wedding Loan providers have nothing to bank on in case a borrower defaults in his repayments. This is why they have higher interest rates.

Arranging for money through a Wedding Loan is better than waiting for your money to accumulate to be able to pay for your Wedding Day. Start off on the right foot by looking for your loan in the right places and with the right lenders. Remember, well begun is half done!

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