Wedding is considered as a sacrament as well as an expensive venture
. It requires huge capital. Since it as to take place on a single day, the relevance of cash becomes more important. For this purpose people keep on running to friends and relatives, but all in vain. It is ultimately for this purpose that the concept of wedding loans has come into picture.
Wedding loans are meant to tackle your huge wedding expenses. Wedding ceremony has so many activities to be performed. These credits have been specially formulated to meet expenses of all such activities.
Loan for marriage is basically divided into two categories. They are secured wedding loans and unsecured wedding loans. Secured wedding loans require some property to kept as collateral for pledge so as to get cash. They come with lower rate of interest. You can avail an amount of 500 to 100,000. The repayment period is 1 to 25 years. Unsecured wedding advances do not require any property to be kept as collateral. They have comparatively higher rate of interest. An amount of 1,000 to 25,000 is granted in such credits. Repayment period for the same is 1 to 10 years.
It is to be notified that such funds do not require any credit check. It clearly indicates that a person with even poor credit history can go for such loans. If he fails to repay the loan amount, he becomes legally liable to pay penalty.
If you really want to go for wedding funds you need to fulfil following requirements:
You should be a citizen of UK.
You should be an adult i.e., 18 years and above.
You should have a fixed job and a regular source of income.
You should have a valid bank account.
To add on to your relief, such advances have been, made online. So you can really plan your auspicious day by just a simple click on your computer.