Organizing a wedding is a great adventure. You have to not only think about the details, but you have to provide funding to make this big day a success. Do you have a project like this? No need to save years.
A wedding loan is a personal loan
On the banking lines, you still can not get an affected marriage loan, and that kind of loan is still in the personal loan category. Personal loans, and especially the wedding loan, are known for their simplicity. To request it, you do not have to provide proof of use. You have full authority over how you manage the budget. But this kind of unrestricted credit is also more expensive than credit for a specific purpose. Belgian banks offer higher rates on the pretext that borrowers have complete freedom to manage capital.
Enjoy a low rate for your wedding loan: how to do?
Nevertheless, it is possible to reduce the rates of a marriage loan. It is enough to present reliable and quality guarantees. For example, even if it is possible to avoid credit insurance banks, opt for a contract of the same quality to reassure them. Also be sure to provide a bond and / or personal background. In addition to minimizing the amount to ask, the personal background is a good way to reassure the banks on your ability to repay. In general, 10 to 30% of the amount needed for the big day is recommended as equity. Your quality of borrower counts a lot in the eyes of the bank. This is the basis for accepting your request, but not only. It is also a way to facilitate rate negotiations. For a successful marriage loan application, you must build a record that includes:
A photocopy of an identity paper
Certificate of residence
The latest tax notices
A salary notice
To increase your chances of success, it is better to have a stable and important income in addition to quality loan insurance. Attention, However, it may happen that in default of payment, you had to mortgage your property.
Compare offers from banks
Any credit application must start with several simulations and comparisons of offers. It is a question of the success of the steps, but also of the security of the borrower. A wedding loan commits you to its perfect repayment. In case of failure to pay monthly, you can be stuck in the banking incidents, be prohibited from borrowing, and lose the property of your property in mortgage. Do you want to avoid these difficult financial situations? Take a few minutes to compare the offers of banks to be sure to take advantage of the best financing solutions.