WEDDING LOAN

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What is a wedding loan?

As its name may suggest, a wedding loan is a personal loan taken to fund one’s own dream wedding or someone else’s wedding, for example, your child’s wedding. Funds from the wedding loan can be used to pay for wedding-related expenses such as wedding bands, wedding gowns and suits, photography and videography services, makeup and hair styling services, banquet or catering services, flowers, wedding favours, decorations, wedding car rental, wedding dowry and more.

Estimated Cost Of A Wedding

Depending on how minimalist or lavish you want your wedding to be as well as the number of people you are inviting to celebrate your big day, a wedding in Singapore can cost anywhere from $30,000 to $50,000 — not a small sum by any means.

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Wedding Cost Breakdown

Depending on how minimalist or lavish you want your wedding to be as well as the number of people you are inviting to celebrate your big day, a wedding in Singapore can cost anywhere from $30,000 to $50,000 — not a small sum by any means.

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Eligibility & Fees

Wedding loans are available to those above 21 who are either a Singaporean, PR or foreigner with a valid employment pass or work permit who’s holding a full-time job. A minimum monthly income of $2,500 is necessary in most cases. Loan tenures usually range from 1 to 3 years.

Required Documents

For Singaporeans / PRs:

For Foreigners:

Does a wedding loan help with budgeting?

Yes, having a fixed amount of money to work with forces you to allocate the funds aptly across the different expenses so you don’t overspend unknowingly in the process of planning your dream wedding.

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