Organizing a wedding is not easy, especially since you have to pay the price. Despite the support of loved ones, additional help is often welcome, opt for a wedding loan. A good alternative to cover certain expenses in the preparation of your wedding.
What is a wedding credit?
Across Lender Belgium and Luxembourg offer many credit formulas. The wedding loan belongs to the category of personal loans, which means that the borrower does not need to specify the reasons which push him to subscribe to this loan. This is called a loan without proof, the capital of which is managed by the applicant.
A wedding loan offers many advantages. The couple can submit a request to Across Lender and do a simulation online without obligation. The demand varies according to the mode, online or in agency. In all cases, you must provide information and supporting documents regarding your personal situation. Procedures can, of course, vary from bank to bank.
The funds obtained during a wedding loan will serve you as well to finance the outfits, as the reservation of the reception room, the services of the caterer and the pastry chef, the invitations, the room decoration, the flowers. Without forgetting the photographers and videographers who will immortalize this very special day. If you manage your capital well, the funds can even be used to finance an idyllic honeymoon abroad.
Find Your Ideal Wedding Loan
In Belgium, many banks and credit organizations offer consumers several choices. You will be free to choose from the list of consumer loans or unassigned personal loans.
Note that a loan also involves interest, so a repayment over the long or medium term depending on your financial capacity. To find the formula that suits your means, use a loan simulator. It is a reliable, free and non-binding technological tool that allows you to compare several credit offers.
The choice of a credit, even for the wedding loan, is made according to the APR or annual effective annual rate. It is not useful to choose an offer with a very low rate and additional charges. Prefer a formula that offers good repayment conditions with acceptable interest.
By performing a brief calculation using a simulator, you will get the total amount of the loan. The repayment terms play an important role in choosing the ideal loan. Their flexibility is essential criteria. With these conditions, you will have a direct overview of the total amount to be reimbursed.
You can also define the amount of your monthly payments as well as the repayment period. Some banks encourage their customers to take out insurance, but this is not a compulsory procedure.
Conditions and subscription file for a marriage loan request
Once you have found the offer that suits you, you can prepare your loan request. It is a file which must contain your personal information as well as the methods chosen for reimbursement.
For this purpose, it will show the amount you want to borrow, the amount of your monthly payments and the duration of the payment of your loan. These data are not always easy to communicate. It is therefore advisable to make a brief introspection of your financial statement to define the total possible amount to borrow. To do this, deduct from your monthly income, your daily expenses, bills and other credit charges (mortgage car loan, etc.).
Then, estimate the budget you have left for the monthly payments of a wedding loan. Insisting on the stability of your financial situation will work in your favor.
If you meet all the necessary conditions, send your request via our online simulator or in one of our agencies. In both cases, the bank will do a thorough analysis of your file to assess your borrowing capacity before validating the request.
Once your request has been validated, you will be required to provide the following documents:
- copy of your identity card
- residence certificate
- energy bills
- pay slip
- Bank statements.
In some cases, the bank may also request information about your co-borrower.
The best way to find the right loan formula for your financial situation is the loan simulator. It is a tool that gives you the opportunity to view all the information available on the many organizations in Belgium at one time. The overall effective annual rate depends on the loan offers.
Marriage credit is personal credit. The borrowing rate is around 5.95%. The amount borrowed will depend on all of your expenses. The borrowed amount added to the interest rate will represent the total amount owed.