QV Credit Wedding Loan Singapore
Apply for Wedding Loans Singapore for Couples 2019
Everyone has thought about their perfect wedding — the beautiful gown, glamorous venue and being surrounded by your friends and family on the most magical day of your life. Marriage and a magnificent wedding are the stuff of many dreams in Singapore, but unfortunately, the reality is it comes at a very high cost.
Singapore is among the world’s top wedding destinations and for many good reasons. The country has so many incredible wedding venues for any type of wedding. Furthermore, there are many places that offer high-quality wedding products and services that will make your big day truly unforgettable. From the country’s best wedding planners, videographers, photographers, bridal gown boutiques, incredible food, unique attractions, and of course, our stunning skyline, everything works together to make Singapore a dream wedding destination. Since Singapore is one of the most popular vacation destinations in Asia, by holding your wedding locally, you can have your own Hollywood-esque Crazy Rich Asians wedding moment. Hey, you can actually get married in CHJIMES just like in the movie!
QV Credit offers Affordable Wedding/Marriage Loans in Singapore that will ensure your big day will go off without a hitch, without skimping on any details! If you are unsure of whether or not to take up a wedding loan, here are some important facts you need to know about getting married in Singapore.
1. The Average Cost of a Wedding in Singapore is between S$3,000 to S$30,000 a Grand Event Can Cost up to S$100,000
Having sung so many praises about our little island as an ideal wedding destination, there’s, of course, a hefty price tag that comes along. Like just about everything else in Singapore, weddings are very costly, averaging at S$30,000 to S$50,000. If you want a very grand and glamorous wedding (which I am sure you do), it can come up to a jaw-dropping S$100,000. After all, there are many aspects to a wedding such as the floral arrangements, dowry, bridal package, solemnization, catering and honeymoon, these will all add up into your budget. And if you want it to be extra special, there will, of course, be extra charges. This is exactly why a wedding loan in Singapore is necessary!
2. Wedding Loans in Singapore are Special and Tailor-Made for Couples, Unlike Bank Loans that Are Much Less Flexible
Unlike personal loans from the bank, which is not specific to the purpose, a wedding loan is specifically designed for couples who wish to get married. Traditional moneylenders don’t give tailor-made loans for weddings, there are lots of conditions to those loans, making taking up the loan unnecessarily stressful for the couple who is already so occupied with wedding preparations! Hence private lenders such as QV Credit have come in to cater to your specific wedding needs. You will have a fully-qualified loan assistant to work closely with you throughout the application and repayment period.
No two engaged couple is the same: every couple has different wants and needs for their wedding. Even more importantly, everyone has their own financial situations. As such, the loans offered are based on your repayment ability. The loan schedule is prepared after evaluating your income so that you will not be stressed out by hefty loan repayments during your honeymoon period, which we understand can create unnecessary tensions between newly-married couples. In the long-term, tailored wedding loans are recommended for protecting your assets. Couples who had to take up secured loans from banks for the weddings land in risky situations of potentially losing their car or home if their financial situation changes in the future.
QV Credit Wedding Loans are made to help you, not hinder you. Hence, our flexible wedding loans will take a lot of pressure off your financial situations as newlyweds!
3. Applying for a Wedding Loan in Singapore with QV Credit is Easy and Quick
Unlike your bank or credit union that might keep you waiting for weeks before approval, your personal wedding loan in Singapore is easy to apply and get approval! Any established moneylender like QV Credit will provide convenient online application forms. You will get speedy confirmation of your loan application, and you just need to turn up at the office with the required documents!
4. Affordable Interest Rates for Wedding Loans
QV Credit offers affordable interest rates as we understand it is an important factor when choosing a moneylender to take a wedding loan from.
We have a lot of experience in Singapore’s finance industry and our team is very familiar with the different types available. We aim to provide you with the perfect wedding loan package to meet all your expenses and needs. Our wedding loan packages are customized to reflect your financial ability, as well as allow you to have your dream wedding! We want our customers to settle comfortably into newly-married life and enjoy the honeymoon with no worries of immediate or hefty repayments!
With that said, being a multi-cultural country, there are different types of weddings in Singapore. The four main wedding types are Chinese, Malay, Indian and Western. Each of these wedding types has different customs. Our wedding loan packages all tailor to the needs of each type, read on to find out the specific expenses you might incur for each wedding!
What You Will Need to Spend on for a Chinese Wedding
A Chinese wedding is a very elaborate event full of age-old traditions and customs, making it a truly unique cultural occasion. If you are marrying a Chinese, you will definitely need to know what the traditions of a wedding in Singapore are. In order to get the blessings needed to be married, it is imperative not to skimp on the traditional aspects as a sign of respect for the culture.
Below are some of these items to help you start budgeting for the event:
Proposal & Betrothal (Guo Da Li 过大礼)
This is an integral part of a Chinese wedding in Singapore, involving the presentation of gifts by the groom’s family to the bride’s family. These gifts symbolize well wishes for fertility and prosperity in the marriage, things the Chinese consider extremely important. Each dialect group in Singapore have their own special betrothal baskets, which you can easily buy from wedding shops in the city, so do make sure you find out which dialect group your bride’s family is from!
Jia Zhuang, Dowry (嫁妆)
Dowry is an important part of any traditional wedding. In a Chinese wedding, the bride will bring a dowry, consisting of baby prosperity sets, the marriage bed and sewing kits which will be put in the couple’s room. This is a sign of her willingness to become a wife. Once the dowry has been given to the groom’s family, a female relative will undertake the bed setting practice in the couple’s new home. Prosperity lamps are also placed on the bedside to wish the couple happiness and prosperity in the marriage.
A returning gift is given by the bride’s family to the groom’s family, such as wedding biscuits, a pair of pants, tea leaves, orange juice, Jujube, lotus seeds, shoes for elders, rice flour, shoes for the parents and towels among other culturally-significant items.
There might also be a tea ceremony, or specific wedding decorations, wedding door games, food, and even traditional wear, depending on the specific family practices or how traditional your in-laws may be. All these items will no doubt add up in the total cost of the wedding, so do plan carefully!
As you can see, pulling off a successful Chinese wedding in Singapore is no easy feat. In order to please the in-laws and respect customs, there will be a significant cost incurred. If you were to try and save money it would take a very long time and that is definitely not an ideal way to look forward to your marriage. This is where a Chinese Wedding Loan with QV Credit will be extremely useful! Our Chinese Wedding Loan Package in Singapore guarantees to leave the in-laws impressed and showering blessings all over you!
What You Will Need to Spend on a Malay Wedding in Singapore
For the Malays, a wedding is a big family affair and involves a complex set of steps to be undertaken by both the bride and groom’s families before the wedding can proceed.
Malay weddings in Singapore are heavily traditional events that involve the ‘gotong-royong’ kampung spirit, hence the inclusion of the entire family. Malay wedding in Singapore is an expensive affair, but if you truly want to start your union on a solid note it is important to cater for all expenses. After all, getting on the right start with your in-laws is always a good way to begin married life, right? You will enjoy the blessings of the community, which the Malays hold very closely to their hearts. Below are some of ceremonies and items required for each:
During the initial stages of proposal and engagement, the groom’s family will send a respected member as the representative, with an entourage to deliver gifts. As a groom, you will have to organize how to buy these gifts and ensure you buy the right ones.
Exchanging betrothal gifts is integral to a Malay wedding. Couples will gift each other items such as handbags, food, and jewelry. The groom will also present Duit Hantaran which is a sum of between $8,000 to $15,000. These gifts are offered before solemnization.
During the bertunang (engagement) a mas kahwin (dowry) will be paid before solemnization.
Marriage preparatory course
Berinai (henna night)
Two to three days before the wedding, the henna night is held for the bride, her family, and friends. It is not a compulsory ritual, but many brides enjoy this night for spending quality time with her friends and taking photographs of the enviable henna designs she will get done!
Weddings decorations and catering
Preparation for the ceremony begins three days in advance. Flower arrangements are known as Sireh Dara and Sireh Junjung that are gifts between groom and bride and will decorate the dais. There needs to be a lot of food catered because guests might show up a day before the big day in the excitement of the celebration.
Actual wedding day
This is a full 10-hour event with a solemnization and grand reception (Majlis Persandingan). The Malays take weddings very seriously, so it is pretty much mandatory to wear formal traditional Malay clothes.
Sirih Dara and Mahar
This is the most important gift in a Malay wedding ceremony. It translates to Betel Leaves of Virginity and is given by the groom to the bride signifying she is a virgin. Mahar is a monetary gift given by the groom to the bride as it symbolizes the marriage. Do take note that after solemnization, it is advisable to offer the kadi a gift because they are not paid for their services.
As you can see, there are many customs and traditional items that need to be bought in order to have a proper Malay wedding in Singapore. What’s more, the Malays love a good wedding feast inclusive of lavish performances. A Malay Wedding Loan with QV Credit will be extremely helpful in planning and executing the perfect Malay wedding! Our Malay Wedding Loan Package in Singapore a sure-fire way to win over the in-laws and gain the favor of the whole community!
What You Will Need to Spend on an Indian Wedding in Singapore
Indian weddings in Singapore are another extremely lavish and lively event. Indians love getting together and having a good time, and a wedding is a perfect opportunity to combine all their favorite things — music, dance, drinks, and food! With that being said, planning a wedding to put others to shame will require a lot of things. Indian weddings have their own share of religious and cultural practices, so take note of the extra costs you might incur for this sort of wedding!
This is a party held a few days before the wedding and it an extremely joyous event with lots of song and dance to celebrate the upcoming wedding. The bride’s family will sing traditional Indian songs to the groom’s family to welcome them.
Bangles and henna
Indians love their heavy, intricate jewelry, and the customary wedding bangles are no different! The groom will gift his bride with a set of exquisite bangles. The bride’s wedding beauty routine will also include ornate henna done all over her hands and feet. In Indian culture, it is believed that if the henna is very dark, then the groom loves his bride very much. The henna ceremony itself is also a big event, with singing and dancing.
The engagement gifts
A formal engagement will take place before the wedding. A priest will oversee this ceremony, in which the groom has to show that he has the capacity to be a good provider for his wife-to-be, and this will be proven by him lavishing her family with gifts. It is also customary for the groom to provide gold to be smelted into a pendant to symbolize of the marriage. Both families may also have a time of fasting as a means of obtaining blessings for the wedding.
The wedding ceremony
The bride’s finger is bound with a cord by the priest, to symbolize the new connection with her husband. The priest will then bless the sari and pendant which the groom will have brought. The bride will then change into this new sari. While the bride goes to change, the guests are treated to a variety of good food. After changing, the bride and groom will adorn each other with flowers. The guests also bless the couple by showering them with rice.
The ceremony with fire
The couple will go around a fire several times while throwing rice as a sign of their love for each other. They will also give each other their vows, and the bride’s toes will be adorned with beautiful rings. A spectacular feast with lots of delicious food will follow.
Red powder and red dress
Some red powder is applied on part of the bride’s hair as a symbol that she is a married woman. She will also be beautifully clothed in red attire.
An Indian wedding in Singapore is definitely a unique and extremely exciting occasion. The many traditional customs, lavish gifts, numerous parties, and widespread food will no doubt add up to a pretty significant cost. However, Indian weddings are a point of pride for families, so they will definitely expect you to throw a grand event. Hence, taking up a wedding loan is definitely advisable. QV Credit’s Indian Wedding Loan in Singapore Package will help you cover the numerous costs and ensure you all get to have a fantastic time!
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What You Will Need to Spend on a Western Wedding in Singapore
Western weddings are the go-to for many couples in Singapore. With so many incredibly beautiful locations like the whimsical White Rabbit, lush One Rochester, funky Tanjong Beach, Botanic Gardens, CHJIMES, and even the Singapore Zoo, there is no shortage of venues for your dream wedding.
An uber-glamorous Western wedding is obviously the goal of many couples, but if you were to try saving up for one it will take a long time and might even the best of relationships. After all, this is the most expensive city in the world and meeting all the requirements to pull off a spectacular wedding is difficult. That is why we provide marriage loans for your dream Western wedding to come true!
There is more leeway when it comes to the elements of Western weddings as there are fewer traditions and rituals, but there are nonetheless enough to cough up a hefty sum. Take a look at the most common components of a Western wedding in Singapore:
This is where the whole wedding begins. The engagement ring given to the groom by the bride can cost between $2,000 to $3,000.
A solemnization ceremony at the registrar will cost between $2,500 and $7,000. Extra costs will come from the luncheon held after the ceremony, however, since us Singaporeans are such foodies, it is likely that the couple prefers to have a full wedding banquet. This will cost an average of $15,000 to $36,000, depending on the number of guests and the location chosen. A wedding loan will be a smart choice especially if you have a large group of you want a particularly picturesque (hence expensive) venue.
Wedding bands and attire
Wedding bands may cost from $2,000 to $10,000, depending on the type and size of the gem. Every girl dreams of their wedding gown since childhood, and no doubt they would have poured through countless celebrity wedding dress inspirations to come up with their perfect gown. After all, this is a once-in-a-lifetime event and hence no expenses should be spared for the dress! There are many fabulous ateliers in Singapore, but for a truly high-quality gown, they will cost a lot. Especially if the bride chooses to customize a design. The groom’s suit should match with the bride’s wedding gown and finding a good tailor who will create a stunning suit that fits the groom perfectly is important. The bride’s hair and makeup, veil, and jewelry should also be accounted for.
Wedding photography and videography
A beautiful wedding montage and photographs will last forever. This special day should be captured in a unique and beautiful way, and hence top-quality photographers and videographers should be hired. Of course, with great skill comes high prices, so factor that into your budget too!
Wedding cake and decorator
A tiered wedding cake, champagne tower, floral arches, a lavish table setting… all these elements make a beautiful and unforgettable wedding. However, cakes are notoriously expensive, and so are good decorators. You’ll be shocked by how much flowers can cost too; your wedding bouquet alone can be up to $500 if it is lavish and made of fresh flowers. These should all be factored in as well, after all, you want the venue to look immaculate!
The honeymoon is no doubt the most-anticipated part of a Western wedding. With numerous locations to choose around the world — Paris, the Amalfi Coast, Bali, Phuket, the Caribbean… the list is endless! For a romantic and unforgettable honeymoon complete with five-star accommodation and exciting activities, it will no doubt cost quite a bomb. Hence, a wedding loan will definitely help cover the expenses that will be incurred.
For your fairytale Western Wedding in Singapore, it will definitely take a lot of money to make your fantasy come true. Hence, QV Credit’s Western Wedding Loan in Singapore will help you ensure everything is covered, and you will have an amazing wedding with beautiful memories.
Having a wedding in Singapore is expensive, and that is why QV Credit is here to help. You deserve to have a dream wedding, and we will make it happen. Apply for a Wedding Loan in Singapore with us, and we will tailor a suitable plan for you. Our qualified loan assistants will guide you through all the costs and help you make decisions as to how much you as a couple can expect. Talk to us to find out what our wedding loan packages are today! Drop us a call at +65 6100 8655 to find your perfect wedding loan package!