The total value of the Indian wedding market was Rs.1,10,000 crore back in 2018 as per Wedding Tourism Report surveyed by MRSS. Out of that, around Rs.24,000 crore was attributed to the market of a destination wedding.
With continuous annual growth of 25-30%, the market may grow to become Rs.45,000 crore by the end of 2020.
Even though this type of wedding needs significant funds nowadays, it is still growing at a rapid pace as per the above numbers. One of the factors is the quick availability of a wedding loan. Non-banking financial companies offer an attractive interest rate on personal loans for weddings.
Below you can find 5 popular destinations to perform weddings in India –
- Jodhpur
Jodhpur, a city with numerous historical places, is one of the most famous choices of places for a wedding. Surrounded by hills and palaces, Jodhpur has the charm of royalty and luxury. If you want to make your wedding memorable, you can surely opt for this place.
Expenses – A range of Rs.15- 5 lakh is required to celebrate your wedding in Jodhpur. Hence, you can avail wedding finance to fulfil your dream.
- Goa
If you like to get married on golden beaches with deep blue sky overhead, Goa is the destination for you. Moreover, it can be an ideal place for wedding photography.
Expenses – Depending on the hotel, number of guests and food, it will cost somewhere between Rs.10-25 lakh. The costs depend on the number of days you are staying over.
You also need to keep several essential things while planning your wedding. Hence, a wedding loan can help you out with the expenses for the same.
- Jaipur
Jaipur, the city that looks pink from a hilltop, unveils the rich history of Rajasthan. Surrounded by several forts like Nahargarh, Jaigarh, etc. along with other palaces, this city has already made a place among individuals who dream of a destination wedding.
Expenses – To perform a royal wedding in Jaipur, you need about Rs.15 – 35 lakh. You can add some historical value to your wedding by choosing this place as your wedding ground. Avail wedding loans and cover your entire event costs with that.
- Kerala
Unlike the previous places, if you want to get married on the lap of lush green nature, Kerala is the place to opt for. If you are looking for serenity, there are several places like the backwaters in Alleppey, Kumarakom, Kovalam, the coastal part of this state, etc.
Expenses – Above all, the cost weeding is also low compared to the other destinations. Around Rs.5–15 lakh is needed for this location depending on your requirements. You can avail a personal loan for a wedding to avail the necessary funding.
- Andaman and Nicobar Islands
If an outdoor wedding is your dream, then you can opt for Andaman and Nicobar Islands as a perfect destination. Picturesque beaches like Havelock or Port Blair can also help you with high-quality photography.
Expenses – To organise a wedding without any roof and wall on the beaches, you need Rs.5-20 lakh based on the number of your guests, food and beverages and decoration. You should consider all the expenses when choosing this wedding venue.
You can opt for a wedding loan from NBFCs to organise such an event. Companies like Bajaj Finserv also provide pre-approved offers that make the process of availing loans quick and helps you save time. These offers also apply to several financial products like business loans, personal loans, home loans, etc. You can check your pre-approved offer by entering a few essential details.
To sum it up, a wedding is one of the most auspicious days of your life. And, some dream of it for most of their life. Therefore, it shouldn’t be restricted due to monetary issues. So, avail a wedding loan and fulfil your dream wedding.
