How Much Does a Wedding Cost in India - Know Your Expenses

Weddings in India are a costly affair. Even the most modest families want to spend lavishly on their children’s weddings as they want the event to seem like a dream-come-true. Experts claim that an average Indian wedding costs anywhere between Rs 5-20 lakhs. If you, too, want to plan an exhilarating wedding but are struggling with finances, you could opt for a personal loan for weddings. But then again, you must know how to plan your expenses. Here’s how:

Venue:

Choosing a place is perhaps the most critical part of any wedding plan and can be a sizable expense. Therefore, you need to book it months in advance to save some money and avoid the last-minute hustle. You might also want to try availing a combo offer from the venue’s management to bundle up the rental and decor expenses and save money. 

Transportation:

Transport needs to be carefully planned as the expenses can take a toll if not done correctly. For example, the wedding is in ‘x’ city where you need to bring your guests. You need to book flight/train tickets at least a three months in advance to save on costs. Additionally, you need to include the charges of luxury cars rented for the bride and the groom. Such expenses can be on the higher side if not assessed carefully. 

Catering and Food:

Food can make or break the experience of the wedding. That is the one thing, besides the actual wedding, that people will remember. Hence wedding planners leave no stone unturned to ensure the most delicious and diverse spreads when it comes to catering. Though non-vegetarian cuisine tends to cost higher, vegetarian food can also be expensive due to the variety and the quality of the caterer. It is generally difficult to quantify all the food expenses beforehand as there could be a few expenses that might arise on the Big Day as well. Hence, it is imperative to dedicate a generous amount of budget for catering and food.

Bride/Groom’s Clothes:

The wedding day is a big day for both the bride and groom and they would naturally want to look their very best. Note that the clothes can cross lakhs and you need to be careful not to overspend on the same. There are premier dressing materials exclusively available for bride, groom, parents, and relatives, which can drain a significant part of funds. This is why you need to be extra careful while allocating the funds for such expenses. 

On a side note, you could even get the bride or groom’s clothes on rent. Since they probably won’t ever be wearing their wedding attire again, it’s only wise to get it on rent instead of buying it.

Jewellery:

Jewellery can serve as significant contributors to the overall wedding budget. Platinum, gold, silver, diamond, and other precious stones are the standard forms of jewels worn by both the bride and groom. The prices can vary based on the market price of the ornaments, and you might want to look out for the fluctuations and purchase these precious items beforehand. Heavy jewellery shopping is another reason why most people opt for a personal loan for wedding. Even you could try getting one if your CIBIL score allows it.

Accommodation:

At the wedding, there will be guests coming from other cities/countries. Based on the number of rooms required for the guests, such expenses is a definite addition to your long list of expenses.

Conclusion:

Apart from the costs mentioned above, there are other expenses like those of photography, videography, makeup and hair, Mehendi and Sangeet functions, invitation cards, entertainment, and so on. Therefore, you need to plan the costs carefully beforehand. You can also avail a personal loan. Check for your personal loan eligibility and get in touch with Non-Banking Financial Companies (NBFC) to get it instantly and hassle-free.