While taking out a wedding loan or participating in a ‘Marry now, pay later’ scheme, borrowers must understand key terms such as interest rate, loan amount, and repayment schedule. You should borrow only to pay for the basic expenses and not to fund the showbiz part of the Big Fat Indian Wedding.
The wedding season is expected to generate Rs4.25 trillion in business over just 23 auspicious days in November and December as couples, and their families, splurge more than ever
"Many more weddings are happening in Rajasthan, Goa, Mahabalipuram, Kerala and a few other destination wedding hotspots in and around Mumbai and Delhi. So, 10 per cent of high net worth individuals are having destination weddings and out of those only 10-15 per cent are having it at international locations," said Parthip Thyagarajan, CEO of wedding planner WeddingSutra.com.