Wedding Loans
Having your dream wedding is one of the most treasured moments in your lifetime. It’s a way of celebrating your life and love together with the people dearest to you. Depending on the couple’s preference, weddings can mean an intimate celebration or a grand party. But no matter how you want to celebrate it, getting married always has costs involved—from the engagement ring to the dowry, wedding gown and wedding gifts, from pre-wedding rituals down to the honeymoon.
The average cost of weddings in Singapore is estimated at S$30,000, depending on the elements needed for the ceremony. Different types of weddings—may it be Chinese, Malay, Indian, or Western-type weddings—also involve various customs that need hefty costs.
We’ll help you achieve the affordable wedding you deserve through our fast and hassle-free Wedding Loans. Have your application approved within 30 minutes and get the loaned amount in cash or through direct fund debit right after. You can start with your wedding preparations in no time!
Chinese Weddings
A traditional Chinese wedding is one of the most common types of weddings in Singapore. Although more Chinese couples are now opting for Western-type weddings, there is still a good number who wants to do the traditional Chinese wedding—or even both!
Chinese weddings also have the usual financial aspects involved in a wedding ceremony. However, these also require other expenses related to ancient customs and traditions that the couple needs to adhere to.
This Chinese betrothal ceremony is when the respective families of the bride and the groom come together for a formal meeting. During this event, the groom’s family needs to present gifts to the bride’s family. These baskets for betrothal usually include red packets worth S$2,000 for the parents, S$3,700 worth of gold, and S$600 worth of cakes and biscuits. Grooms can purchase these gift baskets at wedding shops for around S$6,300.
During the wedding ceremony, the groom also has to give red packets to young relatives and helpers. This will cost him an additional S$2,000.
Depending on the type of ring the couple will get, a wedding band can cost somewhere between S$2,000 and $5,000. Getting custom-made wedding rings can cost even more.
A wedding celebration wouldn’t be complete without photos and videos to memorialize the moment. Getting professional photography and videography services for a wedding in Singapore can cost S$2,000 to S$4,000.
Malay Weddings
Malay weddings involve beautiful traditions that add to its uniqueness and splendour. An average Malay wedding can cost around S$40,000 depending on the chosen venue, and a big chunk of it is allotted to dowry and gifts. This type of wedding involves several sacred ceremonies that are essential in the couple’s cultural and spiritual journey. These usually involve the entire community—just like Mensik, wherein a relative spies on the bride, the wedding ceremony, and the homecoming.
The financial aspects involved in each stage should be taken into careful consideration, given that these ceremonies are deeply embedded in the Malay culture.
During the early stages of the proposal, gifts are presented to the family of the bride. These gifts, which can cost a total of S$8,000 to S$15,000, usually include jewellery, bags, food, and a Duit Hantaran.
Part of the Malay culture is to give a dowry to the bride’s family to ask for their blessings. Usually in the form of jewellery or cash, these gifts can cost between S$500 to S$5,000.
Taking a marriage course is a must for couples who are having a Malay wedding in Singapore. After the course, the couple will be given certificates. They will also have to give a token to the teacher.
The couple has to arrange a meeting with the Muslim Marriage Registry to get a Certificate of Registration.
Both the groom’s family and the bride’s family need to give gifts to each other during the solemnisation ceremony. It can range from traditional attires to gadgets.
A Sireh Dara is a symbol of the bride’s virginity and is placed on the dais during the ceremony.
The couple also needs to allot a part of their budget for food and entertainment for their guests after the ceremony.
Indian Weddings
An Indian wedding also has its own set of traditions that are deeply rooted to the culture. It involves several sacred ceremonies and parties where the couple’s families can get together to celebrate their union. Generally, couples having an Indian wedding need to have a budget of around S$30,000 to $50,000 for the following events:
During the early stages of the proposal, gifts are presented to the family of the bride. These gifts, which can cost a total of S$8,000 to S$15,000, usually include jewellery, bags, food, and a Duit Hantaran.
Part of the Malay culture is to give a dowry to the bride’s family to ask for their blessings. Usually in the form of jewellery or cash, these gifts can cost between S$500 to S$5,000.
Taking a marriage course is a must for couples who are having a Malay wedding in Singapore. After the course, the couple will be given certificates. They will also have to give a token to the teacher.
The couple has to arrange a meeting with the Muslim Marriage Registry to get a Certificate of Registration.
Both the groom’s family and the bride’s family need to give gifts to each other during the solemnisation ceremony. It can range from traditional attires to gadgets.
A Sireh Dara is a symbol of the bride’s virginity and is placed on the dais during the ceremony.
The couple also needs to allot a part of their budget for food and entertainment for their guests after the ceremony.
Western-Type Weddings
Although Western-type weddings don’t have that many rituals and customs involved compared to traditional Chinese, Malay, and Indian weddings, there are still a lot of financial aspects that need budgeting.
A groom-to-be usually proposes to his future wife with an engagement ring. It can typically cost somewhere between S$2,000 and $3,000 depending on the design. The wedding bands, on the other hand, can range between S$2,000 to S$10,000.
Part of the Malay culture is to give a dowry to the bride’s family to ask for their blessings. Usually in the form of jewellery or cash, these gifts can cost between S$500 to S$5,000.
On the average, the couple needs to allot around S$30,000 for the wedding banquet. However, this depends on where you choose to have the reception. A banquet of 300 guests can set you back around S$30,000 on the average. For higher end venues, however, 300 guests can cost at least S$95,000.
Getting a bridal package is a convenient option during wedding planning. The package already includes hair and makeup services, the wedding attires of the bride and groom, as well as the outfits for the bridal entourage. Some packages even include a pre-nuptial photoshoot.
Bridal packages typically range between S$3,000 to S$6,000. The gowns and suits are just rental attires. But you can opt for a custom-made gown for as much as $2,000.
A wedding cake is an important part of a Western wedding. During the cake slicing tradition, the bride and groom feed each other a slice of cake. A typical bridal cake usually costs around S$1,000.
For around S$2,500 to S$5,000, the couple can have a professional photographer and videographer document the highlights of their wedding as well as the interactions between their guests.
After months of planning their special day, a newly married couple deserves a special time for themselves after the wedding. A 2-week honeymoon vacation usually costs around S$5,000 to S$12,000.
Benefits of Wedding Loan
Getting a wedding loan can help you finance the wedding you’ve always wanted without having to cut corners from your plans. Want to celebrate with a grand wedding banquet? No problem. You might even have extra funds for your dream honeymoon destination.
You can apply for a wedding loan amount of up to 6x your monthly income with no minimum salary requirement.
You don’t have to pay your loan right away. We offer instalment plans of up to 12 months with 4% low interest rate per month.
There’s no need to borrow funds from family or friends. You can get the lump sum of your wedding budget right away by just applying for a Wedding Loan.
Why Choose Us?
Even if you have outstanding debts or have a bad credit history, you can still apply for our Loan! We offer a simple, fast, and easy application process with minimal requirements and fast approval. You can get instant cash or direct fund debit to your account in as fast as 30 minutes.
Apply for a loan of up to 6 times your monthly salary with 4% reducing interest per month. Give us a call or send us a message so we can help you through the process.
