Here are some factors that will help you before you plan to apply for a wedding loan -
Create Your Wedding Budget
Create a budget taking into account the expenses planned. Always make sure to plan your expenses well within your range of budget.
Estimate Your Loan Requirement
Once you have your wedding budget in hand, estimate what portion of it will be funded out of your savings and what portion would come from a loan.
Ensure Your Income is in Sync with Your Loan Amount
Once you are able to decide about the figure of the personal loan, it is good to make sure that the amount is in sync with your income. When you apply for a loan, lenders look at your income and other commitments like loan and credit card payments to ensure you can comfortably pay back your EMI.
Take Care of Your Credit Score
Credit score is a reflection of your earlier and current creditworthiness and is one of the key determinants of getting approval or rejection for your loan. So it is important you check your credit score and ensure you have a good credit score before applying for a wedding loan.