Best Honeymoon Planning Tips on a Budget

A honeymoon has become a cherished tradition for newlyweds, offering a special opportunity to connect and celebrate their new life together. However, the excitement often overshadows the costs, leading many couples to underestimate the financial impact. Before long, honeymoon expenses can exceed those of the wedding itself. To ensure you enjoy this special time without straining your finances, here are some smart tips to keep your honeymoon within budget:

Plan judiciously

The cost of a honeymoon can vary greatly depending on the destination and travel style. Many couples choose to splurge on a luxurious getaway to celebrate their union, sometimes spending more on the honeymoon than on the wedding itself. Without careful planning and advance preparation, this dream vacation could end up being a significant financial strain.

An early bird gets the worm

Those who plan ahead often manage to save adequately for their honeymoon, but many find themselves either compromising on their dream destination or depleting their entire savings. Travel costs can be steep, with airfare alone potentially reaching a lakh or two. While domestic destinations tend to be less expensive, they can still impact your finances significantly.

Honeymoon cottage

Booking a suite or honeymoon cottage at a luxury hotel within the country typically costs around ₹1 lakh for a three-night stay with meals included. For an international luxury property, the price for a similar three-night stay, including meals, ranges from ₹1.75 lakh to ₹2 lakh. These rates are for high-end resorts, and customised or ultra-luxury packages can be significantly more expensive. However, they offer an exceptional experience, often including extras such as spa treatments and romantic dinners.

Three-night package

The average cost for a three-night honeymoon within the country can reach around ₹1.25 lakh. For international destinations, expect to spend approximately ₹3.5 lakh. If you opt for a nearby destination, you can enjoy a memorable honeymoon for about ₹1.6 lakh, with lower airfare contributing to the savings. Travel costs can vary significantly depending on the season, with peak holiday periods often resulting in higher expenses.

Go for a suitable loan

If a foreign honeymoon has been your dream but you haven’t started saving yet, don’t worry – you can still make it happen. Simply apply for a personal loan from HDFC Bank, with repayments starting at just ₹2,162 per lakh. Pre-approved customers can get approval within 10 seconds, while others may take up to four hours*. Repay the loan conveniently in easy EMIs over a tenure that suits you. With minimal documentation required, you can make repayments via cash, cheque, or credit card.

Domestic or international?

Determine the loan amount you will need based on your ideal honeymoon. Consider factors like domestic vs. international destinations, mountain retreats vs. beach getaways, and whether you want five-star luxury or a cosy homestay. Start by budgeting for your chosen destination and calculating the daily expenses. Add approximately 30% to this budget to account for unexpected costs, ensuring you have a comprehensive estimate of your trip’s total cost.

Lastly, take stock of the available funds and apply for a Personal Loan for the balance amount. HDFC Bank will process the loan as soon as you submit the necessary documentation.

Never compromise on your dreams! Have a memorable honeymoon with your beloved – without worrying about finances.

Looking to apply for a Personal Loan? Click here to get started.

Wondering how a Personal Loan will help fund your Honeymoon? Click here to read more!

*Terms & conditions apply. Personal Loan disbursal at the sole discretion of HDFC Bank Ltd.