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Cost estimates of weddings

Personal Loans

Updated on Feb 26, 2020

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Expenses that your Personal loan - Marriage loan will cover -
Wedding Venues turn out to be one of the most expensive parts of a wedding because people look out for the best ones with amazing decorations for themselves. An average estimate of the wedding venue is 13-18% of the total expenses spent on a wedding. People usually take marriage loans for paying out for wedding venues.

Catering services are considered to be the most expensive aspect of a wedding because you always have to order to keep extra food for your guests. You never know how much your guests would like to eat, so it’s better to always have extra rather than falling short of food at the last moment. Hence, catering services cover 20% - 25% of the total cost.

Decoration requires 7 to 11% of your total cost because you can opt for different packages for it. You can even hire a wedding planner who is not very expensive. Hence, it can be done in a ratio as low as 7% too.

Although not everyone chooses a photographer for their wedding, as the digital media is expanding many people want to hire the best photographer who charges way too much. Therefore, it covers about 5 to 7% of a person’s total cost.

Wedding outfits and jewelry are a separate deal because some people want to go for designer dresses and jewelry that are way too expensive and people opt for personal loans for marriage to fulfill their needs and requirements for wedding purposes.

A wedding remains incomplete without makeup and henna. There won’t be a single girl or bride who doesn’t put Makeup. About 3-8% of the total amount is spent on Makeup and Henna purposes. This ratio also includes the cost of return gifts and DJ.

Some people take marriage loans for their Honeymoon. It costs an estimate of 8 to 12% of the total expenses. It is not necessary that a couple has to go for an international trip but they can also visit the northern areas to enjoy their private time.
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