Apply for Wedding Loan

Marriage Loan

Apply Personal Loan for Your Wedding | Instant Approval | Quick Disbursal

✓Avail a Personal Loan for Wedding ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

With a marriage loan, you can go about planning your special day without worrying about the expenses. A loan for wedding can help you commemorate your union in head-turning attires at an exotic location and with an array of mouth-watering cuisines. 

Features and Benefits of Marriage Loan

Some of the main features and benefits of a wedding loan are as follows:

 

  • High Loan Amount: You can borrow as much as ₹50 Lakhs to make your special affair as grand as you had imagined. However, the final amount will depend on your eligibility, repayment capacity, and credit score.

  • Attractive Interest Rates: You can get a marriage loan starting at 10.49% per annum on Bajaj Markets, which is one of the most competitive interest rates out there.

  • Completely Online Process: You can apply for a marriage loan from your home through the Bajaj Markets app or website by just following a few basic steps. The money will reach your account within a few hours once your application is approved.

  • Zero Collateral Required: You do not need to offer any of your assets as collateral to get a marriage loan.

  • Flexible Repayment tenure: You can repay your marriage loan over 5 years so that your budget remains undisturbed.

  • Minimal Foreclosure Charges: If you want to repay your marriage loan before the repayment tenure ends, you can do that for a very minimal charge.

  • Balance Top-up Facilities: If you need more money as a marriage loan, you can always avail a balance top-up facility. Such facilities are provided to borrowers at the discretion of the lender.

Marriage Loan Eligibility Criteria

To get loans for wedding, you must satisfy the following eligibility criteria:

 

  • You need to be 21 years of age at least and 60 at the most (at the time of loan maturity)

  • You need to have a CIBIL score of 750 or more

  • You should earn a minimum of ₹15,000 a month

  • You should either be self-employed or a salaried individual who has work experience of at least 1 year

Marriage Loan Interest Rates

The rates at which some of the leading financial institutions are willing to provide you a marriage loan are as follows:

Lending Partner Name

Starting Interest Rate

Bajaj Finance Limited

14% p.a onwards

Fullerton India

12% p.a onwards

PaySense

14% p.a onwards

Axis Bank

10.49% p.a onwards

Muthoot Finance

13.75% p.a onwards

SBFC Finance Pvt Ltd

14% p.a. onwards

CASHe

27% p.a onwards

Prefr Partners

21% p.a onwards

EarlySalary

24% p.a onwards

KreditBee

14% p.a onwards

Yes Bank

10.70% p.a onwards

InCred

18% p.a onwards

mPokket

24% p.a. onwards

IIFL

16.50% p.a onwards

Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

Marriage Loan EMI Calculator 

You can calculate your marriage loan equated monthly instalments (EMIs) through the calculator tool which is available on Bajaj Markets. This algorithm-based tool allows you to compute your monthly EMI outflow by simply adding your marriage loan variables such as the principal amount, preferred repayment tenure, and expected interest rate. Once you add these details, the EMI amount will flash on your screen within seconds.

How to Apply for Marriage Loan?

To apply for a marriage loan, follow the steps mentioned below:

 

  1. Open up the Personal Loan application page available on Bajaj Markets. You will be redirected to the page that asks you to enter some basic information. Fill these details to proceed.

  2. Choose the loan amount of your choice from one of our lending partners (subject to eligibility) and then add a suitable loan tenure to get instant loan approval.

  3. Submit all the required documents for verification purposes along with the application form.

Once approved, your personal loan amount will be credited into your bank account.

Documents Required for Marriage Loan

You will need the following documents to get a wedding loan:

 

  • Identity Proof: Aadhaar Card/Voter’s ID/Passport/PAN Card/Driving Licence

  • Address Proof: Driving Licence/Passport/Aadhaar Card/Rental Agreement

  • Bank account statements or salary slips of last 6 months (for salaried applicants)

  • IT returns for the last 2 years (for self-employed applicants)

Why Choose Bajaj Markets for Marriage Loan

  • Fast Online Processing: The wedding loan application takes a flat three minutes to approve. Post approval, the loan amount will be credited to your bank account typically within 24 hours.

  • Minimal Paperwork: The wedding loan process is practically paperless and instant.

  • Transparency: There are no hidden charges. You know about your loan details right from the beginning.

  • Trusted Companion: Bajaj Markets has been chosen by customers across India as their trusted financial partner.

FAQs on Wedding Loan

  • ✔️What is a marriage loan?

    A marriage loan is an unsecured form of credit which allows you to take care of all wedding-related expenses.

  • ✔️What is the difference between a personal loan and a marriage loan?

    There are zero restrictions on how the personal loan money can be used. Marriage loans, on the other hand, are specifically designed to take care of marriage-related expenses.

  • ✔️Who can take a marriage loan?

    Any salaried or self-employed Indian national who is earning a minimum of ₹15,000 a month and has a CIBIL score of 750 or more (for assured approval and favourable loan terms) can avail a marriage loan.

  • ✔️Is it okay to take a personal loan for marriage?

    Yes, you can also take a personal loan to cover wedding-related expenses. The benefit here would be that the borrower would be able to use the funds to meet non-wedding-related expenses as well.

  • ✔️ What is the best credit score to apply for a marriage loan?

    A credit score of 750 or above is advisable to avail a marriage loan at affordable rates.

  • ✔️Is it possible to foreclose or prepay a wedding loan?

    Yes, it is entirely possible to repay or foreclose a wedding loan after you have paid a handful of instalments. Note that this number varies from lender to lender.

  • ✔️Can I get a top-up on my marriage loan?

    If your lender provides a top up facility for a marriage loan, you should be able to get one. We will advise you to check with the lender regarding the same.

  • ✔️What are the factors upon which the loan amount depends?

    Some of the factors upon which the marriage loan amount depends are your monthly income, your CIBIL score, and your overall creditworthiness.