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Roll out accessible, flexible loans with revolving credit lines, overdraft facilities as wedding business gets bigger, grander
Matchmaking service provider Matrimony.com has launched its financial technology platform weddingloans.com aimed at providing financial assistance for marriages, the company said on Friday. The company has partnered with leading financial institutions such as IDFC, Tata Capital, Larsen and Toubro Finance, to offer a comprehensive loan solution. "This platform will go beyond selling loans, it will help customers make the right decision with special focus on their financial well-being," Matrimony.com said in a company statement on Friday. "Matrimony has been a gateway for happy marriages for over two decades now. We are the trusted partners for millions who wish to find the right match. With WeddingLoan.com, we wish to extend our services to make the process of wedding planning, budgeting and execution simpler," company CEO Murugavel Janakiraman said. According to WeddingLoans website, many couples are opting for personal loans for their marriages as wedding prices have continued to
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States
The biggest hurdle with online weddings is convincing family elders to forgo their ideas of a grand event
Apart from getting discounts of 10-30%, you can pay service providers online through planners' websites