Wedding Loan

The wedding loan is an unsecured personal loan that you are free to use to pay for your wedding ceremony. It is similar to a trip loan, for example. It will enable you to borrow the sum required for the event to be a success in addition to your personal contribution. It is determined based on your planned personal contribution, the overall budget to be taken into account, the couple’s ability to repay, and the length of this repayment (up to 5 years).

The wedding loan is a type of debt taken out to pay for the planning of a wedding. Some organisations also refer to this type of financing as a “life event loan”; it is a consumer loan. With their infrequently having big savings, newlyweds’ expectations might be precisely met by this financing option. It is added to any gifts made by family and friends to ensure the success of this one-of-a-kind and wonderful event that is the wedding celebration.

The wedding loan is a personal consumer loan that is given without a requirement of contribution or guarantee, just as the personal auto or work loan. Therefore, no evidence of spending is required before cash can be released.

Organising a ceremony must be planned well in advance. Do you want a wedding with great pomp or an intimate atmosphere? Start by defining what your dream wedding should be, the number of your guests and the location where the ceremony will be held. Many elements must be taken into account in the overall budget and therefore in the amount to borrow via a wedding loan:

• Rings
• Bride and groom’s outfits, hairstylist and make-up
• Invitations
• Wedding favors
• Venue
• Decorations
• Wedding planner
• Photographer and/or cameraman
• DJ
• Honeymoon, etc.

The cost of a wedding in Singapore would be around $65.000. But, obviously, the budget allocated to this unforgettable day can vary greatly depending on the couples, their desires and their number of guests. This is a fairly wide range, which shows you that it is important to carefully evaluate the total cost of the event. It is in fact by evaluating the budget as best as possible that you will be able to determine whether you have a sufficient amount in your savings or whether you need to find additional financing, whether it is aid or requesting a credit for your marriage.

Furthermore, if it turns out that you need to take out a wedding loan, your estimates will help you assess the total amount to request when applying for a wedding loan.

Here is the list of the main expenditure items to take into account in your project:

• the reception location: the room, the decoration, etc. ($15,000 – $35,000)
• guest service: meals, drinks, etc. ($120 – $135 / person)
• the bride and groom’s clothing: dress, suit, etc. ($2,000 – $6,000)
• the Rings ($3,000 – $5,000)
• souvenir videos and photos: cameraman, photographer, etc. ($1,000 – $2,000)
• entertainment: DJ, musicians, equipment rental, master of ceremonies, etc. ($120 – $150 / hour)
• Honeymoon ($5,000 – $8,000)
• Other expenses ($1,000 – $2,000).

Wedding credit has no disadvantages if the bride and groom take the time to carefully assess their budget and their financing needs in advance. The only risk is linked to the financial situation of the borrower. Indeed, by taking out a wedding loan, just like any other consumer loan, you agree to repay it. You must therefore be careful to choose monthly repayment payments that you can objectively support. This is why the simulation step to determine the total cost of the wedding loan and adjust it if necessary should not be taken lightly.

Wedding loan is therefore the ideal financing solution to cover all expenses related to the organisation and holding of a wedding ceremony. To obtain an attractive rate, JNB allows you to use its online credit simulator. This will allow you to find the offer that best suits your budget and your project.

The JNB teams are available to advise you, the monthly payments are flexible and it is not necessary to present project proof to benefit from this loan.

Knowing the exact total cost of the finances required to prepare your union will help you formalise it under the ideal circumstances. Effectively preserving your budget is made simpler with the proper definition of the whole budget (venue, caterer, wedding jewellery, wedding dress, etc.) to be distributed. especially considering that young couples’ second projects frequently involve buying a home. From this vantage point, you might as well stack all the odds in your favour to create a stable financial future for you and your partner.

The propensity to organise one’s union with a higher financial budget has been rising significantly in recent years. Even while the most popular aim is to create an amazing experience on this special day, it is still crucial to maintain the equilibrium of one’s financial circumstances. This necessity is satisfied by the personal marriage or civil partnership loan.

There are several ways to be married or form a civil partnership for less money, including renting your wedding gown and having your ceremony or partnership sponsored. The couple can lower the total sum designated for their personal projects (vehicle, job, honeymoon, etc.) by choosing one or more of these options.

You can borrow money at the best rate if you decide to believe in the digital platform. A growing number of borrowers are able to fund their individual projects at lucrative and competitive rates thanks to JNB approach. Why not yourself?

To qualify for a wedding loan with JNB Credit, you’ll need to have:

• Be a Singapore Citizen, Permanent Resident or Foreigner with a valid work permit / employment pass
• Be at least 21 years old
• Be employed / self-employed

We aim to make things easier for you, so you are only required to prove your identity and income.

All you need is your NRIC or passport, and a CPF or bank statement that shows that you have a regular income.

For foreigners, a valid work permit is necessary, together with a document that proves the residence (a bill on your name for utilities or phone services, or a tenancy agreement) and a payslip or bank statement that proves that you have a regular income.

With us, you are just a few clicks away from getting a wedding loan.

Simply fill up the online loan application form. It will take only 5 minutes.

The result of your loan application, including the maximum loan amount and term, will be provided to you in under an hour.

Visit our location for a final face-to-face verification and get your money instantly.

Usually, you have to repay the loan in 12 up to 60 months, depending on the amount of borrowed money and your financial situation. JNB offers you flexible tenure periods, so you may repay earlier your loan without additional fees, or extend the period.

The amount of the loan varies depending on different criteria, such as your income, your credit score, and your other debts. We could offer you personalised options according to your needs and repayment possibilities. We advise our clients to balance their needs and income, in order to make their loan easy to repay on time.

The minimum amount is $1000, but you could borrow up to $100.000, based on the previous criteria. An average loan amounts to $30.000-$40.000.

This is not a stressful situation. You may successfully apply for a wedding loan with us even if you have other credit. Our finance specialists are ready to tailor the most advantageous offer for you.

The credit score does not hang the heaviest in the balance. Even if you don’t get a high score, we are here to process your application and help you.

If you decide to pay your wedding loan earlier, not only you are not extra-charged, but you will also save some money on outstanding interest.

Confidentiality is one of our strengths. All information concerning your wedding loan will be strictly kept private. The only situation in which you’ll get a physical copy at home is at your direct request.