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Dipen Doshi

9th Sep · SEBI-Registered Analyst

Wedding loan!

Before considering a wedding loan, couples should assess their long-term financial goals by putting something aside for buying a house, family planning, medical emergency, asset creation, or retirement, etc. There are also options where lenders offer loans against stocks and mutual fund investments. They can consider these options instead of a personal loan for wedding. The interest rates on secured loans are lower compared to unsecured loans for wedding. They can also consider withdrawing from low interest yielding investments like fixed deposits and endowment insurance plans.

#PersonalFinance#PsychologyofMoney#Miscellaneous
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