Under ₹5 Lakh Wedding Guide: Hacks to Plan a Beautiful Celebration Without Overspending

Are you dreaming of a beautiful wedding but stressed about the cost? You are not alone in this. Many want to celebrate their big day in a grand manner but staying within budget. What is the good news? With smart planning and money-saving strategies, it is possible for you to have a memorable wedding within ₹5 lakhs.

Right from venue selection to personal finance support like a wedding loan, this guide will walk you through tips to manage your wedding expenditures without compromise.

Budget wedding planning tips

Making plans for a grand wedding on a tight budget? Do not fret - your big day can still be stunning without breaking the bank. Here are some practical budget wedding planning tips under ₹5 lakhs.

1) Focus on what matters

Begin with a checklist of what you want - be it a grand venue, professional photography, or designer outfits. Allocate more budget to those and reduce on less important ones.

2) Select an off-season wedding date

Weddings held between March and August or on weekdays generally cost less owing to reduced demand. Venues, caterers, and decorators are even more negotiable during such periods.

3) Book a budget-friendly venue

In place of an expensive banquet hall or destination resort, ensure you consider community halls, home lawns or open-air spaces in local clubs. These help cut cost considerably and give you creative independence with decoration.

4) Go minimal on guest list

The more guests, higher is the cost. Make sure you keep your guest list reasonable to save on food, seating and return gift costs while still creating a memorable event.

5) Rent, avoid buying

Outfits, jewellery, and décor items can be rented for a fraction of their retail cost. This is a practical and budget-friendly way to remain stylish without overspending.

6) If required, opt for a wedding loan

If you are short of funds, a wedding loan or marriage loan can help cover planned expenses without financial stress. Go for an affordable wedding planning personal loan like the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank to support your big day.

How does a FIRSTmoney personal loan make weddings stress-free?

Whether it is catering bills, outfit purchases or venue deposits - IDFC FIRST Bank’s FIRSTmoney Smart Personal Loan ensures you are completely covered:

• Loan proceeds of up to ₹10 lakhs.

• Competitive rates. The rates start from 9.99% p.a. onwards.

• No foreclosure charges. So, you can repay at any time without incurring any penalties.

• 100% digital process. This means, you can apply at anytime from anywhere.

• Quick disbursal of loan proceeds within a span of 30 minutes.

• Just a single document required – Display your PAN card during video KYC.

Eligibility Criteria for FIRSTmoney Wedding Loan

The following are the eligibility requirements for the FIRSTmoney smart wedding loan.

• Age: Between 21 and 60 years of age

• Employment: Salaried or self-employed

• CIBIL score: Minimum score of 730 for best loan approval chances

How to apply for a wedding personal loan?

Follow these quick simple steps to apply for FIRSTmoney smart personal loan.

• Start by scanning the QR code or clicking on the “Apply Now” button on your smartphone.

• Register using your mobile number and confirm basic/personal details to check your eligibility.

• Select the loan amount of your choice from your approval loan offer and choose flexible repayment terms.

• Link your bank account where you wish the funds to be disbursed.

• Complete the Video KYC verification process with your physical PAN card.

Final thoughts

Your dream wedding does not have to mean draining your savings. With smart choices and help from a wedding personal loan, you can easily plan out an elegant event under ₹5 lakh.