Celebrate your Silver Wedding Anniversary without Worrying About Funds
5 min read | 2 months ago
A silver wedding anniversary is indeed a major milestone in anyone’s life. However, if you want to celebrate the occasion and are worrying about funds, then there are options that you can always consider. These days, online loans like personal loans have become immensely popular among borrowers for various reasons, including their fast approvals and minimal documentation. Let us examine how you can celebrate your anniversary with a personal loan in this article.
Why a Silver Wedding Anniversary Calls for a Celebration
It is understood that a silver wedding anniversary is a mega landmark in the life of any couple. Marriage and companionship are an evolving journey across all of life’s ups and downs. The fact that you have made it to 25 years together and have supported each other through thick and thin itself deserves to be celebrated.
And it goes without saying that you will naturally want to mark the occasion with your family members, friends, and other loved ones in attendance. Quite naturally, they were with you throughout this journey and have seen you both grow as a couple. Hence, a silver wedding anniversary undoubtedly deserves to be celebrated, if possible, not just as a personal milestone, but also as a beacon of love and hope for everyone around us. Let’s face it; life is too short and why should we hold back on our milestones if we can cherish and celebrate them today?
Cost You Have to Budget For
Now comes the practical bit to the celebrations. A silver wedding anniversary celebration automatically means covering several costs. So, what are the major overheads? Here’s taking a closer look at the same.
Venue - You will most likely require a venue to host your silver wedding anniversary party. The fee for booking the venue is something that you have to budget for at first.
Decorations and Add-Ons - Many venues offer consolidated packages to their customers with decorations, flowers, and other add-ons like valet parking, and more. Yet, these are costs that you should also calculate beforehand, even more so if your venue comes without these inclusions/packages.
Food and Catering - Now that you have your venue and aesthetics ready, you should finalize the food for the gala event, depending on the number of attendees. Choose a caterer or supplier depending on your chosen menu and then work out the budget for the same.
Apparel and Accessories - After all, when it’s your silver wedding anniversary, you should pull out the stops when it comes to dressing up. Be it traditional finery or the choicest western outfits, you and your better half should budget for your outfits to be worn on the occasion along with accessories and jewelry.
Return Gifts and for Invites - If you choose to design a special invite for the event, then you will have to budget for the same as well. At the same time, if you’re planning return gifts, then you will have to account for the same in your calculations too.
Audio and Entertainment - Want your favorite singer to perform at your special event? Want to hire premium audio equipment and speakers for a gala night of dancing or karaoke? Factor in the costs of hiring the same.
Beverages - In many cases, beverages are included in food packages, although you may have to account for them separately, particularly if you’re looking to set up a dedicated beverage counter for your guests.
These are some of the costs that you should budget for, while keeping a slight margin for any last-minute escalations, tips, etc.
Using a Personal Loan to Cover These Costs
There are several advantages of using a personal loan to cover the costs of your silver wedding anniversary. You do not have to pay a lump sum from your savings or break investments for this purpose. You can easily apply for these loans and enjoy swift personal loan instant approvals, which allows you to plan the event without any hitches. Repay the loan conveniently as per your preferred tenure and enjoy hosting a lifetime celebration that you will forever cherish.
Here’s how you can apply for a personal loan (it can be used for any purpose):
Choose a lender after comparing interest rates and other criteria
Apply online after checking the eligibility criteria for your desired amount and also ensuring that your credit score is close to 750 or higher
Fill up the application form and upload documents like your identity, address, and income proof, along with your photograph.
Set the online repayment method you are comfortable with and choose the loan tenure that works for you.
The bank will verify your application and sanction the loan quickly, after which you can expect the funds to be disbursed into your account. Calculate the final amount carefully and do not apply for more than you can afford or require. A good credit score and sufficient repayment ability will help you get better terms and conditions on your personal loan, including more reasonable or competitive interest rates.
Conclusion
So, what are you still waiting for? Gear up to make your 25th wedding anniversary an enjoyable affair with a personal loan that helps you cover all the costs with ease. Make sure you can repay the loan conveniently without defaults and always check the terms and conditions minutely before signing on the dotted line.
FAQs
1.Can I transfer my personal loan to another lender?
The rate of interest depends on many factors including your borrower profile, credit score, loan amount, tenure, and repayment ability. Banks usually charge between 12% - 38% per annum as interest on personal loans.
2.Can I take a personal loan for a vacation abroad?
It is possible to use a personal loan to cover the costs of vacationing abroad with your family and friends. Personal loans can be used for any purpose as per the needs of the borrower.
3.Can I jointly apply for a personal loan with my spouse?
Yes, you can apply jointly for a personal loan with your spouse as the co-applicant. In fact, this will enhance your loan eligibility and help you get a higher amount in some cases. It will also help you get better interest rates on the loan.
About Unity Small Finance Bank
Unity Small Finance Bank is committed to making banking simpler and more accessible for everyone. Our services include Savings Account, NRI account, Current Account, Fixed Deposits, and Personal Loans offering flexible tenures and attractive interest rates. We also offer financing options like MSME Loans and Microfinance to support businesses and underserved communities. Learn more about Unity Small Finance Bank here.
