With the person we want to spend our lives with, most of us fantasies of having the best possible wedding. We want everything to be perfect on this wonderful day so that we may share our joy with everyone we care about, particularly our spouse. A wedding, on the other hand, is a difficult undertaking. Choosing the location, inviting guests, and nailing out the tiniest of details are all important, but you also have to consider the most important constraint: the available money. One way to get around this problem is to take out a personal loan to cover the costs of your Singaporean wedding. Choosing the wedding loan Singapore is perfect there.
Everybody knows that weddings in Singapore cost a lot of money, and that isn’t going to change anytime soon. At this time, it’s possible to pay up to $40,000 for one of these models. So anyone taken loan from licensed money lender has a good option there.
The good news is that there are ways to acquire the money you need to pay for your wedding. You may borrow money from family and friends or get a personal loan in Singapore to pay for your wedding.
You can learn more about how a personal loan may help you pay for your wedding expenditures here.
The advantages and disadvantages of taking out a personal loan in Singapore to pay for your wedding will be discussed in this essay. We are hopeful that it will help you and your spouse make better-informed decisions.
The Average Cost of a Singapore Wedding
Between S$30,000 and S$48,000 is estimated for a total of 300 guests in Singapore to be married. Three of the most costly components of a wedding are the wedding reception, the bridal package, and the honeymoon trip for the newlyweds. Now that you can apply for debt consolidation loan online you can have the best options there.
The wedding reception
The cost of the wedding luncheon is generally the most expensive part of the wedding budget. The cost of the wedding will vary depending on where, when, and what day it takes place. When it comes to dining out, weekends are more expensive than weekdays, and evening meals are more expensive than lunch.
If you want the setting to be tailored and the food to be luxurious, you’ll have to pay more.
Wedding banquet prices have been steadily rising over the previous several years. A ten-person lunch party should expect to pay roughly S$1,180 during the weekday lunch rush. A ten-person dinner for two at a weekend restaurant will set you back an average of $1,340.
This is a blessing in disguise since your guests’ gifts of money (such the red packets that are common at Chinese weddings) should cover at least 60% of the cost of the reception.
Package Deals for the Big Day
Bridal packages sometimes contain pre-wedding photos, makeup treatment, gowns and outfits, and occasionally even additional things. In certain circumstances, purchasing all of these items at once is more convenient and even more cost-effective than doing so separately.
- There are several factors that affect the cost, including the number of dresses, the style of the gowns, and the location of the shooting, which all contribute to the final price.
- Packages for a wedding in Singapore typically cost between $3,000 and $6,000 if you’re lucky.
- Investing a little more money on high-quality photography on your wedding day might be worth it if you want to capture all of the crucial moments.
- You should expect to pay between $2,000 and $4,000 to hire a professional wedding photographer.
A $1,000 deposit is a good rule of thumb when it comes to solemnization rituals, even if they are less formal. Aside from hiring the venue, this fee also includes hosting the reception in its place. For more sumptuous surroundings and more complex meals, prices may rise to $5,000 or above.