May 22, 2019

Marriage, Ahh! It’s the merging of two hearts, two souls…and two bank accounts. Marriage
is all about teamwork, and for its success, every aspect needs to be sorted out.
Here, the major aspect we are pulling out is the financial angle. The financial matters
should not muddle with your emotional aspects. We have personally observed that money
is one of the top reasons couples have disagreement after a few months of getting

And, we know that conversations like combining finances after marriage doesn’t sound
as much romantic as honeymoon talk, but it’s way more important. Knowing and
understanding each other’s cash outflow is the principal key to driving your
marriage, and rightfully it should deserve a top spot on your wedding planning
checklist. Well, here in this article we enlist some of the personal loan tips
that can help you to manage your finances in a better way “as a team”, remember
we mentioned that it’s teamwork.

Consolidate your debts:

Chances are you will enter married life with some form of debt. This could be the
case with your partner too! Maybe you took out a loan to buy the engagement ring,
maybe she took out a loan to buy the dress she always wanted. Either ways, it
makes sense to take a personal loan to repay your combined debts and pay just
one single EMI. Along with making life easier for you both, it should also help
you save a lot of money.

Power of Co-applicant:

Going forward, there’s every chance that either one of you might require some financial
assistance. In times like these, a personal loan could be just the thing you
need. However, our advice is to always co-borrow. Applying for a personal loan
with co-applicant can make your life much more straightforward. Firstly, it will
help you with quick loan approvals as two earning member applying for a loan
is a smaller risk for the lender. Moreover, if you both have good credit scores
and high monthly salaries, you can also try negotiating higher loan amounts,
longer tenures and lower interest rates.


Someone once said, “Whatever is mine is yours now” and this promises to hold true
especially in marriage. The same principle, if applied correctly can help you
get out of debt faster and save money as a couple. Let’s say one of you gets
a bonus or an appraisal at work, you can choose to spoil yourself or you could
use it to prepay your loans; the latter will help you cut short the tenure of
your loan and save a substantial amount of money in the process.

Well, living debt free life might not be a luxurious life, but it will definitely
help to put your marriage on the right foot in the longer run. Hence, with the
tips mentioned above, you can smoothen your financial lives. Signing off!

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