With so many venues available, you’d think choosing the best one for your wedding would be easy. But it never is!
From space to accessibility, there are a lot of factors and expenses to consider while choosing a wedding venue. With so much to take care of until the big day, it isn’t easy to keep tabs on spending and arrange for finances when necessary. One thing that can help you manage your finances is a marriage loan. However, you need to know your expenses before you can plan a budget for them.
But where do you start when you’ve got so many things to think of? Here are some expenses you need to keep in mind when choosing a wedding venue.
Venue rent
The first expense to consider is the rent of the venue you’ve selected for the big day. Think about whether the place will only serve as the wedding location or if you want to host other ceremonies like Sangeet or Mehendi. Get in touch with different vendors to get a clear idea of the costs and availability to plan your expenses better. There are also other factors that influence how much rent you’ll be paying to the venue. Some of them are:
- Wedding Date – Venue rents are typically higher during the peak season. So, the closer your date is to the off-season, the lower the venue rent will be.
- Location – City centres and picturesque resorts are amongst the most expensive venues. To keep the rent low, try scouting for venues away from the main city.
- Other services – A wedding doesn’t only consist of the venue alone. There may be other services, such as valets, DJs, guest rooms for the bridal party etc., that will also influence the rent amount.
However, if your dream venue doesn’t fit into your budget, you need not worry! You can always opt for wedding loans to fund your big day.
Transportation
It isn’t just you and your better half that’s going to attend your wedding. Considering it’s an Indian wedding, there’ll be a lot of guests at the ceremony. You need to make sure that the venue’s accessible to all.
Venues located in the city might charge higher than those found on the outskirts, but venues situated in the town will be easily accessible to the guests. In any case, you will have to arrange for guests’ transportation, which will add to the overall marriage expenses. That’s why you must visit different vendors and choose a place that is both within your budget and accessible.
Alternatively, there is always the option of applying for a loan. With a good marriage loan interest rate, you’ll be able to get a substantial loan amount at comfortable loan terms.
Accommodation
If you’ve planned a destination wedding or booked a venue that’s far off, you might need to provide accommodations for your guests. And if you have a lot of relatives coming over, your expenses can quickly stack up, especially if you need to book hotel rooms.
If so, look for venues that offer accommodations for relatives and guests. If you can’t find one, choose accommodations close to the venue, so the transportation doesn’t cost you extra.
But if the accommodation cost is too high, you can also go for a marriage finance option. Many lenders today provide lucrative loans at competitive wedding loan interest rates.
Decorations and photography
Making your venue look like a paradise and hiring someone to capture it is a must in Indian weddings. However, these delights come with a price tag. Be it minimalistic or extravagant, wedding decorations cost a lot, especially if you have to rent the venue for an extra day. Also, if the venue is far off, you will have to arrange for photographers’ transport.
Consider taking a loan if you want to keep your savings for a rainy day. Getting a loan with a low wedding loan interest rate will help you finance your wedding without jeopardising your future.
Catering
Food constitutes a major chunk of your expenses. Catering is a huge deal for weddings, as you would want your guests to have a delightful experience. With a good marriage loan interest rate, you’ll easily be able to afford such expenses with ease.
Clothing
Since weddings are a once-in-a-lifetime event, you would definitely want to look your best. But looking your best doesn’t come cheap, as good quality clothing can be expensive. But it does not have to be stressful if low wedding loan interest rates are available. With such an option, you can get the dress of your dreams without having to feel guilty about its cost.
Accessories
No wedding is complete without accessories, and the most awaited accessory are wedding rings! While they are a significant part of the wedding, they can often be a source of stress as well. After all, it is going to adorn your spouse’s hand for the rest of their life! Wanting to find the perfect one is only natural!
But that can mean a high price as well. Turn to a loan for this. By comparing wedding loan interest rates, you’ll be able to find one that suits your needs best. This way, you’ll find the perfect ring and keep your savings safe at the same time.
Your turn
Is your big day getting closer? If yes, you must go the extra mile and make it truly special. Opt for Tata Capital’s wedding finance, available at easy-to-meet personal loan eligibility, flexible tenures, and high loan amount.
Visit our website to check your marriage loan eligibility today!
01 August 2024
5 mins read
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