Tips to help you fund a dream wedding

Create a wedding budget and check your credit score before applying for a fund for your or your loved one's dream wedding, says an expert. Gaurav Chopra, founder, IndiaLends, an online marketplace that connects consumers (salaried and self-employed individuals) looking for low rate loans with institutional lenders looking for higher risk-adjusted returns, suggests how:

• Create a budget of all the wedding expenses that you will incur for the wedding including additional costs such as honeymoon expenses, jewellery and other gifts. This will prevent you from underestimating your loan amount and avoid taking additional loans to meet miscellaneous expense needs.
• Always check your credit limit before applying for a loan. Having a high credit score will allow you to negotiate better interest rates as well as avoid rejections that can reduce your chances of getting personal loans in future.
• If you are funding your own wedding, apply for a joint loan with your spouse, especially if both of you are working professionals. This will improve your cumulative credit limit and increase your chances of getting a loan at a lower interest rate.