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Best Ways to Get Additional Funds For Marriage Expenses in India

Finally, it just isn’t a fiscally responsible decision to redeem from the EPF before it matures, and will often leave you at a disadvantage in the long term

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A marriage ceremony Source: Pixabay

Especially in India, organizing a wedding is a generally a no-expenses spared affair. However, this often means that you would have to plan years in advance to set aside enough money – which is not always feasible.

But there are a number of ways in which you can obtain money for your wedding expenses easily, if you know where to look.

1) Wedding loan (Personal loans tailored for weddings)

This would be the obvious choice for most looking for a bit of extra cash to splash on their wedding as personal loans are obtained almost instantaneously. Loans are issued based on your credit score and are coupled with flexible EMI tenures to suit your needs.

However, the interest rates attached to them are generally on the higher side, you run the risk of incurring hidden costs and a fair amount of time and mental space have to be allocated to deciding which loan is the best fit for you – a luxury that a person planning a wedding may not always have.

2) Digital lending platforms like MoneyTap

In terms of flexibility afforded to you and ease of access, digital lending platforms like MoneyTap present one of the most attractive options to obtain cash for wedding expenses.

In a click of the button, the cash that you borrow is disbursed directly into your bank account – meaning that you don’t have to waste your time bank-hopping and searching for the best fit loan for you. There are also no hidden costs as all the details of the loan you’re applying up for are presented to you before you sign on.

Best Ways to Get Additional Funds For Marriage Expenses in India
A Glimpse of Indian Marriage, Wikimedia

In addition, owing to the unpredictable nature of wedding expenses, the flexibility offered to you by the MoneyTap card in converting billing cycle repayments to EMI is of great use. Download the MoneyTap instant personal loan app now.

3) Securing EPF loans

This option may seem to be appealing on first glance – as you’re essentially tapping into your own money when you need wedding expenses. However, there are limitations to consider when pursuing this approach.

Also Read- Narendra Modi, Rahul Gandhi Among Top Names To Start Telangana Campaign

Firstly a service tenure of at least seven years is required before you can take an EPF loan, which may not be the case for everyone who needs to fund a wedding. Another limitation is that you can only tap into a maximum of 50% of your contribution to the fund, which may not prove enough to cover your wedding expenses.

Finally, it just isn’t a fiscally responsible decision to redeem from the EPF before it matures, and will often leave you at a disadvantage in the long term.

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Dell Technologies to Double Down on Robust Partner Ecosystem in India

"To secure that engine, we need to double down on technical training and create a platform for technical architects to talk to other technical architects," Snyder said, adding that Dell Technologies is committed to building a robust partner ecosystem in the country

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Dell laptops
Dell laptops. (Representational image). Pixabay

For Dell Technologies, India holds a major place on its Asia Pacific growth map and the credit for the success goes to strategic alliances and a partner network that is behind the company’s overall success in the country, a top company executive has stressed.

According to Jay Snyder, Senior Vice President, Global Alliances, Service Providers and Industries, Dell Technologies, the time is ripe to bring uniquely differentiated industry solutions to market through strategic relationships with systems integrators, strategic outsourcers and Cloud service providers as the country goes big on realising its digital dream.

“The country is becoming a matured marketplace, especially around technology. India is turning out to be one of the most advanced markets around digital cities, Internet of Things (IoT), and 5G for connected experiences,” Snyder told IANS during an interaction here.

Snyder said he is excited about what the future holds for the company in cementing its footprint along with its partners in the country.

“Partners are incredibly important to us. I have 18 global Systems Integrators (SIs) that we look after in the business today and almost every single one of them has a footprint here. In fact, they may all have a footprint in India,” Snyder added.

Dell Technologies has accelerated its business – registering double-digit growth in last three years — and a significant piece of that has come from India.

“Our Global Alliance organization is nearly 580-people strong. Each one of the 18 global Systems Integrators has a global account manager. Teams in various capacities are working for them. So it runs like a multi-national, highly complex global organization,” he elaborated.

These 18 global Systems Integrators are serving nearly 200 Cloud service providers.

Dell EMC
Dell India also launches 2 new ‘Inspiron’ laptops. Pixabay

With more than 25 years of experience in the high-tech and consulting industries, Snyder has been with Dell EMC for 18 years where he previously ran Americas Services and was the first COO of Americas Sales and Customer Operations.

As companies in India and elsewhere aim to have a right mix of Cloud for different workloads — the global SIs are helping enterprises select their Cloud path.

“Large enterprises are looking for expertise and strategy from the global SIs to define their multi-cloud environment. My job is to make sure that they’re incredibly well-versed and understand what we bring to the marketplace,” said Snyder.

Also Read: Delhi Metro Partners Uber for Last-mile Connectivity: Report

The next on his plate is to further increase India footprint.

“We call it securing the engine. We look at the engine of the entire global alliances business being here in India, because it’s not just India-based firms but all of my firms which have most of their technical footprint here,” he emphasized.

For him, the strategy is all about enablement and training via workshops, full-day seminars and hands-on sessions.

“To secure that engine, we need to double down on technical training and create a platform for technical architects to talk to other technical architects,” Snyder said, adding that Dell Technologies is committed to building a robust partner ecosystem in the country. (IANS)