Not all loans are bad. Some help you grow, while others… just leave you with bills and regret.
So if you’re wondering:
“Should I take a loan for my wedding, a vacation, or to fix the house?”
Here’s how to decide which option makes the most financial sense—with help from Vizzve Finance.
💍 1. Marriage Loan: Emotional Investment or Expense?
Why People Take It:
Lavish venue + décor
Guest management
Jewelry, gifts, clothes
Caterers, DJs, photographers
Pros:
✅ Helps make your dream wedding happen
✅ EMI spreads out the cost
✅ Improves credit score (if repaid responsibly)
Cons:
❌ No financial return (pure expense)
❌ Often overspent due to emotion
❌ Long-term EMI for one-time event
Vizzve Tip: Set a realistic wedding budget. If you need a loan, go for the minimum required, not max.
🧳 2. Travel Loan: Worth the Memories?
Why People Take It:
Honeymoon
Family trip abroad
Backpacking plans
Pros:
✅ Opportunity for once-in-a-lifetime trips
✅ Spreads out upfront cost
✅ Useful when travel is sudden (emergency or visa issue)
Cons:
❌ Travel loses value quickly
❌ Not a “need”, often a “want”
❌ Zero return on investment
Vizzve Tip: Avoid borrowing for luxury trips. Use travel loans only when:
Deals are time-sensitive
You already have 50–60% saved
🛠️ 3. Home Repair Loan: A Functional Investment
Why People Take It:
Roof/waterproofing damage
Paint, plumbing, electrics
Renovation for rental/resale
Pros:
✅ Improves property value
✅ Essential for safety
✅ Could bring rental returns
Cons:
❌ Over-customization = sunk cost
❌ Contractors may inflate budgets
❌ EMI burden if poorly timed
Vizzve Tip: Plan upgrades that add value, not just style. Prioritize structure and safety over aesthetics.
💰 What Makes the Most Financial Sense?
| Expense Type | ROI Potential | Loan Worthiness | Vizzve Verdict |
|---|---|---|---|
| Marriage | ❌ None | 🚫 Use sparingly | Sentimental, not smart |
| Travel | ❌ None | 🚫 Only in need | Fun but short-lived |
| Home Repair | ✅ Medium–High | ✅ Strong | Smartest of the three |
💬 FAQ: Choosing Between These Loans
Q1. Which loan has the lowest interest?
Home improvement loans often qualify for lower rates than travel or wedding loans.
Q2. Can I use one personal loan for all three?
Yes, but be clear in planning how the money is split. Vizzve allows multi-purpose disbursals.
Q3. Will taking a wedding or travel loan hurt my credit score?
No—unless you miss EMIs. Responsible repayment improves your credit profile.
🎯 Final Advice from Vizzve
A personal loan can empower or burden you—it all depends on the purpose.
🔑 If you must borrow, choose the reason that either:
Improves your future (like home repair), or
Is time-sensitive and planned well (like emergency travel)
Let Vizzve help you compare rates, set EMIs, and make informed decisions.
Vizzve Finance – Lending You Logic, Not Just Loans.
Published on : 12th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.