Say ‘I Do’ to a Wedding Loan: Build your Dream Marriage
A wedding is a dream come true for many pairs — and it’s where a wedding loan in Singapore comes in handy when faced with a mountain of expenses. With a marriage loan, plan for the big day to your heart’s desire.
- Simple application
- Quick disbursement
- Low interest rates
- Ease your financial burden
What exactly is a wedding loan in Singapore?
A wedding loan, also known as a marriage loan in Singapore, is a personal loan used to fund your wedding. Loans for weddings can provide the necessary funds for every wedding-related expense, from venue rental and catering to, event photography and other related costs.
While embarking on the journey to your dream wedding is an exciting chapter filled with love and joy, it comes with its own financial challenges. Hence, a wedding loan in Singapore is vital in many cases.
With a marriage loan, keeping your budget on track is easier as you check off your to-do list for the big day. Your dream wedding, whether a glitzy celebration or an intimate affair, can come true with a wedding loan.
How will a wedding loan in Singapore benefit you?
Manage Wedding Costs
From venue rentals and catering to bridal wear and photography, a wedding loan in Singapore can cover any wedding-related expense that comes to mind, providing the necessary funds for you to plan the wedding you want.
No Collateral Needed
As marriage loans are unsecured in nature, they bear less risk as they do not require you to offer assets in order to secure the loan. This lets you obtain the funds you need while putting your mind at ease.
Preserve Funds
Loans for weddings help to pay for any costs for the upcoming big day, eliminating the need to dip too much into your own funds. This lets you keep your savings intact in the event of unexpected expenses while still making your dream wedding a reality.
Improve Credit Profile
The perks of a marriage loan in Singapore don’t just stop at helping with your wedding expenses. If you’re a responsible borrower and make timely repayments, the loan improves your credit profile in the long term.
Perks of a wedding loan with R2D Credit
Discover what makes our wedding loans unique at R2D Credit.
Easy Approval
Same-day Disbursement
No Hidden Fees
Low-interest Rates
Ready for a lifetime of adventure with the one?
Common FAQs about wedding loans in Singapore
Common FAQs about wedding loans in Singapore
Can I splurge on my wedding with the help of a wedding loan?
A wedding loan helps you to realise your dream wedding that is within your foreseeable budget. It is best to spend only what you can comfortably repay in the agreed upon timeframe.
Do people commonly take marriage loans in Singapore?
Yes. As inflation makes weddings more expensive, coupled with ease of access to wedding loans and rising wedding expectations, wedding loans in Singapore have inevitably become increasingly common.
How much does a wedding cost in Singapore?
It is well-known that weddings in Singapore can be exorbitant. To put things into perspective, here are the breakdowns of just some of the costs:
Venue
Hotel or Banquet Hall: SGD 1,500 – SGD 5,000 (for smaller venues) to SGD 10,000 – SGD 30,000 (for larger or luxury venues).
Restaurant: SGD 1,000 – SGD 3,000 (for smaller venues) to SGD 5,000 – SGD 10,000 (for upscale restaurants).
Wedding Attire
Bride’s Dress: SGD 1,000 – SGD 5,000 (depending on designer and customization).
Groom’s Suit: SGD 500 – SGD 2,000.
Catering
Per Person Cost: SGD 50 – SGD 150. The total cost depends on the number of guests.
Photography and Videography
Photography: SGD 1,000 – SGD 3,000.
Videography: SGD 1,000 – SGD 2,500.
Wedding Planner
Full-Service Planner: SGD 2,000 – SGD 5,000.
Day-Of Coordination: SGD 1,000 – SGD 2,000.
As a rough guide, here are the overall costs to consider:
Budget Wedding: SGD 15,000 – SGD 25,000.
Mid-Range Wedding: SGD 25,000 – SGD 50,000.
Luxury Wedding: SGD 50,000 and above.
Given the large expenses, a marriage loan is often required to finance the whole event.
What are the eligibility requirements for a wedding loan in Singapore?
To qualify for wedding loans in Singapore, you must meet the following criteria:
- Be a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid work pass
- Be at least 18 years old
- Be employed / self-employed
How much can I borrow on a wedding loan in Singapore?
We will first check your Loan Information Report to see if you have any existing obligations with licensed money lenders. We will then consider your income and employment status before deciding on an optimal amount that will allow you to fulfil your needs while also ensuring that you are able to repay the debt.
How fast can I get a personalised loan for my wedding from R2D Credit?
Our process is streamlined and efficient. Once our officers get in touch with you, it can be as quick as thirty minutes before the loan is approved.
What is the repayment schedule like for R2D Credit’s wedding loans?
Our loans are typically repaid within 12 months. If you need a longer repayment period, be sure to voice your concerns during the discussion with our loan consultant.
Is a wedding loan consultation with R2D Credit stress-free and non-obligatory?
It is stress-free as our loan officers are friendly and professional. Loan consultations with our officers are encouraged to better understand your eligibility and loan requirements. But proceeding with a loan after a consultation is completely non-obligatory — the final decision lies with you — we’ll respect your choice should you choose to proceed, or not.
How do you apply for a wedding loan with R2D Credit?
Getting a wedding loan with R2D Credit is a simple process. Here’s how you can apply for one:
Apply for the wedding loan
Submit the online application via our website.
Set up a face-to-face meeting with the loan officer
Our loan officer will reach out to you and conduct a simple interview to assess your eligibility and understand your financial situation.
Retrieve your funds on the same day
After reviewing and signing the contract, the fund will be disbursed to you immediately.