Plan the Best Day of Your Life With Wedding Loans in Singapore
Our wedding loan in Singapore is your ticket to that dream wedding you’ve always wanted. With a loan for your wedding, it eliminates the need to borrow from family or friends. Secure your funds easily through a marriage loan with low interest rates.
What Are Wedding Loans in Singapore?
Having a dream wedding is one of the most treasured moments in your lifetime. But it can also be a costly affair that will leave you financially distressed. This is where wedding loans in Singapore shine. At UK Credit, our marriage loans are affordable, flexible, and convenient. Focus on your big day while we help with funding.
Enjoy affordable wedding loans so you can plan for your wedding comfortably.
How Wedding Loans in Singapore Can Help?
Flexible Loan Sum
Getting the funds you need is quick and simple with UK Credit. You can secure a loan sum of up to six times your salary when you apply for a marriage loan in Singapore — without any minimum wage requirement even.
Make Your Dream Wedding Come True
Getting a wedding loan in Singapore is an easy way to finance your dream wedding. By getting sufficient funds, you’re one step closer to hosting a grand wedding and taking off for a honeymoon at your favourite destination.
Flexible Loan Sum
Getting the funds you need is quick and simple with UK Credit. You can secure a loan sum of up to six times your salary when you apply for a marriage loan in Singapore — without any minimum wage requirement even.
Low Interest, Customisable Repayment
What makes our marriage loan in Singapore so inviting is its low reducing interest per month of 4% (or less) and personalised repayment plan. Our loan officer will spend time to understand your financial situation so you can repay with ease.
Rely On Your Own Ability
There’s no need to borrow from family or friends. Getting a wedding loan in Singapore means you have a lump sum on hand to pay for your wedding expenses.
Legal and Reliable Financial Solution
We’re a licensed money lender that prides ourselves on providing efficient cash loan services to more than 11,000 customers since 2008. Returning customers and those with healthy credit scores also enjoy extra perks like lower interest rates, reduced fees and other customisable loan terms.
Get Your Wedding Loan in 3 Steps
Step 2
Receive an update on your wedding loan application.
Step 3
Come down to our office, review and sign the loan contract, and get funds disbursed within 20 minutes.
What You Must Know about Wedding Loans in Singapore (FAQ)
What are the different types of weddings and their costs?
Chinese Weddings
It is common to find a combination of traditional and Western elements in a typical Chinese wedding in Singapore. A wedding or marriage loan from UK Credit will come in very handy for couples since such events comprise a long list of expenses for both traditional and modern practices.
Guo Da Li
This Chinese betrothal ceremony is a pre-wedding event where the couple’s families meet formally for the groom to present traditional gifts to the bride’s family. The betrothal gifts usually include red packets worth S$2,000, gold worth S$3,700, and cakes worth S$600.
Red Packets
The groom will give red packets with cash to young relatives and helpers during the wedding ceremony. The estimated cost is around S$2,000.
Wedding Rings
A wedding band can cost anywhere between S$2,000 and $5,000. Getting custom-made wedding rings can cost even more.
Wedding Banquets
This is the most significant part of wedding costs because it typically ranges from S$50,000 to S$80,000. With such hefty costs, a loan for the wedding banquet will be extremely useful to help couples tide over the event until they receive all the cash gifts from friends and family.
Malay Weddings
An average Malay wedding can cost around S$40,000, with a big chunk of it going into the dowry and gifts. The wedding may have several sacred ceremonies like the ‘Merisik‘, ‘Meminang‘, ‘Berinai‘, the actual wedding ceremony, and finally the homecoming.
Gifts for Merisik
Merisik is similar to a pre-wedding engagement where the groom’s family visits the bride’s family with gifts. These gifts with jewellery, bags and food can cost S$8,000 to S$15,000.
Dowry (Duit Hantaran)
The groom’s family will present a dowry to the bride’s family as part of Malay customs. The dowry may be jewellery or cash between S$500 to S$5,000.
Marriage Preparatory Course (Kursus Rumahtangga)
Taking a marriage course is optional but a highly-encouraged step for Muslim marriages. It costs around S$260 to S$300 per couple.
Marriage Registration
The couple has to submit a marriage application with a non-refundable fee of S$39 at the Muslim Marriage Registry to get a Certificate of Registration.
Betrothal Gifts
It is common practice for the bride and groom’s families to present gifts to each other during the solemnisation ceremony. The gifts can be anything ranging from traditional costumes to gadgets.
Sireh Dara and Sireh Junjung
These are floral arrangements featuring Betel leaves. The bride and groom will give each other such items as a symbol of their virginity.
Entertainment and Food
These are essential for hosting guests after the wedding ceremony. Depending on the couple’s preference for venue, food and entertainment, the cost can easily start from S$20,000.
Indian Weddings
An Indian wedding involves several sacred ceremonies and parties where couples’ friends and families celebrate the union. The entire affair in Singapore may easily cost S$30,000 to $50,000.
Pre-Wedding Rituals
Roka, Mehndi Ceremony and Sangeet are pre-wedding events involving gift exchanges and celebratory parties. As a guide, hosting a Roka may cost S$20 to S$100 per guest, Mehndi Ceremony for S$ 500 to S$1,500, and Sangeet can cost anywhere from S$2,000 to S$10,000.
Gold Pendant
Thali or Mangalsutra is a customised gold pendant gift that the groom will give his bride-to-be. The significance of the pendant is equivalent to a modern engagement ring. The cost can start from a few hundred dollars to S$10,000 or more.
The Wedding Ceremony
The ceremony can cost anywhere from S$3,000 to S$50,000. With such a large expense, a wedding or marriage loan can be a saving grace for couples with limited savings.
Wedding Attire
Indian wedding attire for the bride and groom is often elaborate and luxurious. A bride’s outfit costs around S$ 1,000 to S$ 10,000 for either a saree, lehenga, or designer outfit. A groom’s traditional suit can range between S$500 to S$5,000.
Western-Type Weddings
Although Western-type weddings don’t have many rituals and customs compared to traditional ones, there are still a lot of high-cost expenses that require marriage loans for wedding preparations in Singapore.
Engagement/Wedding Rings
An engagement ring can cost at least S$2,000. Prices for wedding bands range between S$2,000 and S$10,000.
Venue and Wedding Banquet
Expect to pay around S$30,000 for an average wedding banquet. Hosting 300 guests at a high-end venue can cost at least S$95,000 in Singapore. This is a large financial burden unless the couple has a wedding loan.
Bridal Package
A bridal package usually includes hair and makeup services, bride and groom’s wedding attires and pre-nuptial photoshoots. Package prices range between S$3,000 and S$6,000. A custom-made gown may cost up to S$2,000.
Wedding Cake
A wedding cake is an important part of a Western wedding because there is a cake-cutting tradition. The estimated cost for a bridal cake is S$1,000.
Honeymoon
A honeymoon marks the start of the couple’s lifelong journey together. A two-week honeymoon may cost around S$5,000 to S$12,000.
Photography and Videography Services
A typical professional photography and videography service for a wedding in Singapore can cost S$2,000 to S$4,000.
How long do I have to pay off my wedding loan?
This depends very much on the wedding loan tenure you’ve agreed on. Most marriage loans in Singapore from UK Credit have a loan tenure of 12 months. This means you can split your repayments into 12 separate monthly payments, easing your cash flow.
Is a wedding loan a secured or unsecured loan?
A wedding loan is an unsecured loan. You do not have to pledge any collateral or asset in order to obtain funding for your wedding.
I’m not Singaporean.
Can I get a wedding loan from UK Credit?
Can I get a wedding loan from UK Credit?
Absolutely. Here at UK Credit, we offer wedding loans to all eligible applicants regardless of their nationality. What we focus on is the borrower’s ability to service their loan.
Therefore, Singapore Permanent Residents and foreigners can safely get their wedding loan from us.
Can I get a wedding loan from UK Credit
even if I have bad credit?
even if I have bad credit?
Yes, you can get a wedding loan from UK Credit even with a bad credit score. We do not rely on traditional credit checks when assessing loan applications for weddings.
That being said, we will still be required to do a standard credit assessment by checking your MLCB report for crucial information like repayment amount and borrowing limit.
Is there a minimum income requirement to get loans for weddings from UK Credit?
No, there is no minimum income requirement to apply for a wedding or marriage loan in Singapore.
Is UK Credit’s wedding loan instant?
Yes, once your wedding loan application is approved, you may receive the loan sum in cash or have it deposited into your bank account almost instantly.
