The organization of a wedding celebration causes enormous costs for the hospitality of the guests, which can now only rarely be borne by the bride and groom. In addition to entertainment costs, parts of the journey are an important point that is all too often overlooked and later causes extreme financial stress. From this point at the latest, many fiancees consider the loan for the wedding celebration to be extremely attractive or sensible.
There is hardly a bride and groom who would ask their guests to bring their own food and drink to the celebration. In addition, there are only a few restaurants that accept payment in installments for the buffet served. Loving couples who do not have the necessary change for the ceremony can benefit from a loan for the wedding ceremony and realize their wish for a dream wedding.
The credit for the wedding ceremony: a matter for the parents?
According to an old European tradition, the bride’s parents bear the cost of the wedding and the subsequent celebrations. Such an act is now considered extremely laudable, but no longer appropriate for the times. Many couples choose to bear the cost of their wedding themselves and take out a loan to celebrate the wedding together. In this context, they are convinced that they will relieve their parents and at the same time sustainably strengthen their bond.
Where to get the right loan offers?
Many German credit institutions have given the engaged couple the “attractive” rating when it comes to lending and are offering special loan terms for the upcoming special occasion. Advertising-effective terms, such as “wedding credit” or “marriage credit”, are not uncommon. In contrast to classic consumer loans, loans for the wedding reception are earmarked and the resultant lower interest rates. Despite all promises that look attractive, banks are still not considered the best way to make your own wedding party inexpensive.
The current supply situation shows that many banks grant the right to special repayment on a loan for the celebration of the wedding and give the newlyweds the opportunity to repay the borrowed capital early. The special repayment is particularly useful if the couple can benefit from numerous and at the same time lavish monetary gifts as part of the celebration. If the money received is not required for the purchase of furniture or other important objects, the repayment period can be shortened considerably.
Private credit platforms also offer cheap financing options
As an alternative to credit institutions, there are private loan brokerage platforms for taking out loans for wedding receptions. In the context of lending, private financiers are less oriented towards creditworthiness and support the marriage project. However, interest rates are usually much higher, which is why a comparison of the respective options is worthwhile in any case.