Hi, I’m 28, soon to be engaged, with no personal savings yet. I’ve helped clear family debts, recover gold, and buy household items. Marriage is planned Jan/Feb in Chennai with ~800 guests; expected expenses from my side are ₹17 lakh (including a ₹5 lakh chain). My father can contribute ₹5 lakh, aunt ₹2 lakh. Considering a ₹10 lakh loan, I plan to allocate ₹40K/month toward repayment, ₹10K to family, rest for household. How long would it take to repay ₹10 lakh at standard bank rates, and can interest be reduced? Seeking advice. Advertisement

Advice by Akhil Rathi, Head – Financial Advisory at 1 Finance

This is the important stage of life, and it directly impacts your cashflows. You have estimated wedding expenses of around ₹17 lakh, but it is advisable to keep a 10–15% buffer as last-mi

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