New Delhi, Nov. 13 -- Many couples are now turning towards wedding loans, a form of personal loan to finance their big day. Given that such loans can help in fulfilling dreams, they can also have a meaningful impact on the borrower's credit score.

Now, whether that impact is negative or positive depends mainly on the way this particular personal loan is managed and the overall credit behaviour of the borrower.

Sumit Sharma, Founder of Radian Finserv, says, "Wedding loans, when used prudently, can serve as an effective financial planning instrument rather than a burden. Like any other credit facility, their impact on an individual's credit score depends largely on repayment discipline and overall credit utilisation. Timely repayments can...