It is every girls dream to have the perfect wedding
. It is something she has been dreaming of since she was knee high. The entire wedding right from her groom, to the car and of course her dress is already planned out in her mind. To get this dream of the bride into reality is no easy task, as nothing is for free. Every detail needs to be paid for. The young couple may not have finances to pay for such an extravagant wedding. To help start their married life on the right foot, Wedding Loans are devised.
Wedding Loans are granted as either secured or unsecured advances. The applicant can choose the type of loan that suits his need appropriately.
If the applicant applies for a secured advance, he is
required to place some collateral against the amount lent. This is to safeguard the interest of the lender. Incase the borrower defaults in repayment, the lender sells the security and recovers the amount lent. The amount lent ranges from 500 - 100000 for a maximum repayment period of 25 years.
Unsecured loans can be offered without any collateral. The lender is granted this advance without any guarantee. Thus the interest rate charged to such people is slightly high. The amount granted ranges from 1000 - 25000, for a maximum repayment period of 10years.
To be eligible for such an advance, the borrower must be;
-A permanent citizen of the UK.
-He must be over 21 years of age.
-He must be employed.
-His monthly income must be over 1000 per month.
-He must have an active bank account and a credit card in his own name.