Since wedding loans are a type of personal loan, you can usually borrow as much as you need to cover all costs for your wedding. But how much you borrow depends on a few factors, including: Your credit score. Whether you have a co-borrower.
Just so, how do people pay weddings?
“Often times, it’s a combination of parents, families, and the couples themselves.” On average, couples cover about 60% of their total wedding costs. The bride’s parents pay for about 21%, while the groom’s parents typically cover a bit less, according to debt.org.
People also ask, what credit score do I need to borrow $20000?
What credit score do you need for a wedding loan?
Here is why we recommend opting for a personal loan for marriage. If you are a HDFC Bank customer, you can get a pre-approved personal loan in just 10 seconds*. You will receive the funds directly into your account with little or no documentation. Non-HDFC Bank customers can get a personal loan in under 4 hours*.