3 days ago

Man Faces Pressure To Borrow ₹45 Lakh For Wedding

Man Faces Pressure To Borrow ₹45 Lakh For Wedding
Parents Ask Son To Take Personal Loan For A Grand Wedding Worth Rs 50 Lakh; Internet Calls It ‘Financial Suicide’ · news18.com

A 27-year-old man wants to marry his fiancée after his parents agreed to their love marriage.

His parents want a very large wedding with about 1,500 guests.

They estimate it could cost around ₹50 lakh, including a car.

They asked him to borrow ₹45 lakh if family land cannot be sold.

The family already has about ₹50 lakh in bank debt.

The couple earns about ₹2.5 lakh each month together.

The fiancée is willing to help repay the loan, but the man worries about starting married life with heavy debt.

Her family has offered to hold a simpler wedding for about ₹15 lakh.

Many Reddit users said borrowing so much for a short celebration could damage the couple’s finances.

Key facts

Proposed wedding cost
About ₹50 lakh, including a car costing under ₹10 lakh
Requested personal loan
₹45 lakh
Expected guests
About 1,500
Existing family debt
The father has around ₹50 lakh in bank debt
Combined monthly take-home pay
About ₹2.5 lakh
Alternative wedding proposal
The fiancée’s family offered to host a simpler wedding costing about ₹15 lakh
Parents’ repayment plan
They believe the debt could be cleared within two years by selling family land, but no sale is confirmed

Quotes

The 27-year-old man

A man describing his family’s wedding-financing dispute in a Reddit post

“My family’s main argument is that the ₹45 lakh loan will only be temporary and can be cleared within 2 years after selling some land. However, I strongly believe this is overly optimistic.”
news18.com
“It seems like financial suicide to take a 45L personal loan for a wedding; please don’t do that. Tell them if they want a lavish event, then please fund that; it’s their responsibility.”
news18.com

Sources

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