Make your dream of a destination wedding true by getting a wedding loan

Serviceability refers to your ability to repay the loan and also all lenders must look at your serviceability calculation before granting the marriage loan.

A Credit Score reflects the complete details of your financial history, through this, lenders and the financial company come to know whether you are eligible for taking a marriage loan or not as well as a poor credit score does not indicate that you cannot get a loan but somewhere it shows whether you need a loan or not and financial company’s charge high wedding loans rates on low Credit score.

Before taking a wedding loan, you also have to keep in mind that you will have to repay the installments on time for the coming years and in this, you will have to save a fixed amount for the installment.

You need to know the interest rate before applying for a wedding loan because under a fixed rate your interest will never change but under a variable rate, your interest will also be affected if the market will going up or down.

Before taking a wedding loan, you should be aware of the additional fees, as the lender may ask you for the fee charges and prepayment as well as you should know the correct documentation that you will give to the lender, the lender will provide a marriage loan after Knowing the eligibility through these documents like proof of your identity, bank statements and your proof of income.