Wedding loan: Best Way to Fund Your Wedding

Before getting a wedding loan, do your research. It includes honeymoon and relocation expenditures. Eligibility determines an easy loan application. As it’s an unsecured loan, you’ll pay interest. A lender doesn’t care how you’ll utilize a marriage loan.

Personal loan for wedding interest rates

Obtain a wedding loan with interest rates as low as 13% per annum. Which was the lowest interest rate personal loan in a year. Lenders typically consider the job profile, employer’s profile, monthly income, credit score, etc. of their marriage loan applicants when setting their online personal loan interest rates.

Personal loan for wedding eligibility criteria

The following are the requirements to qualify for a wedding loan:

Nationality: Residing Indian
Age: 21 years to 67 years
CIBIL score: 750 or higher

However, here are a few things that most loan providers consider when deciding whether to grant a borrower a personal loan:

Employment Type: Working in an MNC, a private limited company or a public limited company
Age: 21-60 years
Minimum Monthly Income
Minimum Educational Qualification
Work Experience

Documents Required for Marriage Loan

To get a wedding loan, you must keep some secrets. However, most lenders treat marriage loans no differently than other types of personal loans in terms of the paperwork that must be submitted.

For salaried application

Salary slips for the prior two months
Legal Receipts for Know Your Customer Information
Checking account statements over the past three months Employee identification card