With the world opening up its boundaries for travel, you may want to consider the destination wedding you may have always dreamt of. It might be the white-sand beaches you fell in love with during your recent vacation or an exquisite international destination inspired by the photographs of a celebrity wedding.
Imagine choosing a beautiful beach retreat in scintillating Bali as your wedding venue. To get your near and dear ones to this venue, you will have to arrange flight tickets and hotel transfers. Once they arrive, they should be taken to a comfortable hotel, and yes, the food should be finger-licking with some local delights thrown in for added measure.
Overall, a destination wedding abroad with the venue, travel, accommodation, catering, and other arrangements can cost anywhere from Rs. 20 lakh to Rs. 40 lakh depending on the number of guests invited.
Financing such an event can be a challenge, especially if you're working within a budget. One option worth considering is a personal loan for doctors.
In this article, we will explore your destination wedding checklist and the benefits of financing your dream wedding with a personal loan.
Your destination wedding checklist
Preparing for a big wedding with a number of ceremonies and entertainment events can become chaotic in no time. And if it is a destination wedding, you have to be precise in planning, or the costs can escalate in no time. It would be wise to arrive at an estimated budget months in advance before your wedding date. Here’s a quick checklist for some of the important things that you need to plan for:
1. Venue
At your chosen destination, look for venues that match your venue budget. For instance, a destination wedding in Bali may cost around Rs. 20 lakh or more. This cost will vary depending on the location you choose in Bali.
2. Number of guests
It is your wedding, and you may want to call every person in your family or friend list. However, for a destination wedding, you need to be mindful of the number of people you invite. Else, it may shoot up your costs. You will also have to get the wedding planners to manage the large guest list. The finalised venue should be able to accommodate and cater to the needs of the invited guests.
Decide the loved ones that you want to invite to the wedding and send out the invites in advance. These guests will get enough time to manage their commitments and make their travel plans to attend the wedding.
3. Travel and accommodation
Right from flying to the destination to leaving the destination with happy memories, you have to plan everything for your guests. For destination weddings in foreign locations, make sure to arrange for visas for all your guests, months in advance. The cost will go up as the number of guests goes up. You may also have to consider the payments for visas, taxes, and insurance of travellers. The overall cost will also depend on the number of days you and your guests will stay at the destination.
4. Wedding decorators and other vendors
The cost of decoration may vary as per your wedding theme, ceremonies, and entertainment. Get quotations from your local vendors and check for suitable wedding vendors near the destination. Compare the costs and finalise the vendors. Give your vendors enough time to plan to avoid rush work. There will be additional costs if you are planning to fly down a popular local DJ, wedding photographer, or entertainer from India to the destination.
5. Wedding shopping
Wedding shopping is exciting and you may want to spend on wardrobe and jewellery for yourself and your close family. Make sure to find out about the weather around your wedding date at the selected venue to ensure the purchase of comfortable outfits.
6. Food and entertainment
You may want to serve fusion food at your wedding, but your family prefers home-style comfort food. As per your guest list, you will have to arrange the food menu for various occasions. Include some recreational programmes to entertain guests in their free time.
When planning a destination wedding, you should set aside contingency funds for emergency requirements, if any. While you may have saved up some money for your wedding, additional funds through financing options such as loans can make it a smooth affair.
Excited about the idea of a destination wedding? Well, do not let the thought of costs bring down the excitement. A loan for doctors can help you meet the expenses with ease. You just need your medical practice certificate and a KYC document such as Aadhaar card, voter ID card, PAN card, or passport copy to apply for a Bajaj Finance Doctor Loan.
With faster approval processes in place, you should get your money in around 48 hours* upon loan approval. You can get a loan up to Rs. 80 lakh and the good news is you need not pay interest on the entire loan amount. With the Flexi Loan option, you just need to pay interest on the amount you borrow. And you can choose a flexible repayment tenure of up to 8 years.
Once your wedding plan and finances are in order, start sending the ‘Save the date’ invites to your loved ones, it’s a memorable destination wedding they have to prepare for.
And one last thing, you may already have a pre-approved loan offer.
