Hosting a wedding in Singapore is known to be an expensive affair–especially when you’re under pressure to make it an unforgettable one! That’s why it’s quite common to take a wedding loan in Singapore to fulfil your dream wedding.
This is one expense which you can’t avoid, and shouldn’t have to when planning your special day. Calculating the average cost of a wedding can be difficult because of all the hidden costs involved. So don’t be alarmed when the cost difference of your wedding is significantly more than what you budgeted for.
Typically, a wedding in Singapore cost somewhere between $30,000 to $50,000 and some extravagant weddings can cost significantly more double or triple that amount. We break down the general expenses you will incur when planning a wedding, and what you should pay special attention to!
The Most Expensive Part of Weddings
The biggest expenses surrounding a wedding are usually the banquet, bridal package, and honeymoon, but you’ll be surprised to discover there are even more pricey parts to a wedding.
The bulk of most wedding expenses usually go into the wedding banquet. The prices of banquets have increased significantly over the years with more customization and premium option menus.
You may feel the need to go with these high-end banquet options to mark this day, and also to treat your friends and family to an unforgettable event. The average cost of a table alone (for 10 people) is about $1,200 and the price depends on the venue and your preferred date. Suppose you book 30 tables, then the cost of the banquet venue could come up to $36,000 alone.
Taking up a bridal package is a good idea for couples that are looking for convenience. This is because bridal packages can include pre-wedding shoots, albums, gowns and suits, makeup, corsages and so on.
The bridal package option can also save you and your partner tons of time because you won’t have to talk to a dozen different vendors for each aspect of your wedding. But this convenience comes with a hefty price tag, with pre-wedding and actual day packages ranging between $4000 to $6000.
Wedding rings are another expense that you obviously can’t avoid leading up to your wedding day. You may already have your engagement rings settled, but you’ll still need to get yourselves wedding rings and rest assured, they’re not just like any run of the mill jewelry.
As simple as they look, wedding rings can still cost around $1,000 to $3,000 dollars each, depending on the material you choose. If you’re looking for designer options, you can expect to double these amounts, at least.
Wedding photography is one of the biggest things people invest in when it comes to their nuptials. This includes pre-wedding shoots that can take you overseas and actual day photography for the main event as well.
These days, most couples opt for pre-wedding and actual day photography packages with a single photographer to save on expenses. Depending on whether you go overseas or keep it local, photography charges can range from an estimated $2,000 to $6,000.
A romantic honeymoon is a must for most couples because after so much planning and entertaining on your big day, you just want to go on a quiet honeymoon with your special someone. A honeymoon can cost around $5,000 to $8,000 if you book a 2 week holiday to somewhere exotic, but these prices depend greatly on where you’re headed.
Wedding Loans Singapore
With all these expenses you rack up, it’s easy to start feeling the pressure and stress as you approach your special day. To alleviate this stress, many couples take out personal loans or wedding loans in Singapore!
If you’ve managed to save up and just want that extra bit of financial wiggle room to splurge on this once in a lifetime event, taking a small wedding loan from a licensed money lender is also a great idea.
If you have any queries about getting a quick wedding loan in Singapore or are looking for a personal loan, just leave us a comment below, or contact us at our hotlines: (+65) 62244746 (Yishun) and (+65) 62244749 (Tampines).