4 Reasons to Take Marriage Loan
Are you both planning to get married, but still having second thoughts, because of the marriage expenses? If your answer is yes, then consider getting a marriage loan, but wait, let us take a look at the reasons why you should get one.
Once in a lifetime
Remember, it’s your wedding day, and there is nothing wrong with spending a little bit more than usual, that’s why if you are short on cash, don’t hesitate to get a marriage loan, because what you are investing for is the beginning of your married life.
Borrowing from Family and Friends isn’t the Best Choice
If you really can’t take a marriage loan, you can always borrow from your family and friends. But that would be a little embarrassing for you, and you might not enjoy your wedding as much as possible, because of your relatives murmuring behind your back.
Has More Borrowing Limits Than Credit Cards
You probably have thought of borrowing some money from your credit cards, but did you know? That there is a credit limit, and in Singapore, you can only borrow up to 4x of your monthly income, and that might not be sufficient for your dream wedding, and even for an average one.
Fixed Repayment Schedule
Believe it or not, getting a loan from your credit card isn’t as reliable as you think, not exactly that way, but you wouldn’t know how much money you will be paying for the entire loan, and sometimes, the interest rate might change, because of the benchmark rates.
And that’s why money lending becomes a better option for couples because not only you would have a fixed repayment schedule of your money lending request, but you assure that the interest rate would fluctuate over time.
With all of these reasons, have you considered getting a marriage loan for your dream wedding? If that’s a yes, then search for an authorised money lender like Power Credit Enterprise in Singapore, and see if their money lending offer meets your preference!
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