Whether or not you use a personal loan or your credit cards, you are taking on debt which must be repaid. One of the most important factor in debt is its interest rate. The higher the interest, the more you will have to pay per installment, or the longer you will take to pay off your loan.
Credit card interest rates average about 25% per annum. In contrast, personal loans offer interest rates of around 5% to 8% per annum. With the same amount borrowed, a credit card will cost you much more in interest payments than a personal loan. This also means that a personal loan is likely to be a much more manageable form of debt.
Unlike credit cards, personal loans are designed to have fixed repayment periods, with regular installment payments throughout. Before applying for a personal loan for your wedding, always check that you are able to meet the installment payments. If you find the monthly installments too large for you to deal with, try borrowing over a longer period, which will lower your monthly payments.