Weddings in India have transformed into extravagant celebrations, often leading couples to seek significant funding. Wedding season is about to start, and this is the time when people start applying for wedding loans. This requires a well-thought-out decision to recognise and avoid predatory lending. Post-wedding debt can feel daunting, but with a solid strategy, it becomes more manageable.
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Set up automatic payments
“Setting up automatic payments can help you avoid missed payments, late fees, and damage to your credit score. This proactive approach keeps you organized and lets you focus on your new life together,” he added.
“Personal loans for weddings are increasingly common in India, where the wedding industry is valued at around $130 billion, making it the second-largest in the world. Many are turning to personal loans to cover costs without depleting savings, a trend particularly popular among millennials who prefer this route over-relying on parental support,” said an expert from CredNow.
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