Everything you wanted to know about wedding loans


You found “the one” and the wedding bells started ringing. But weddings in India are big business. With rituals that span multiple days and the endless guest list, it’s not uncommon for the cost to exceed your pre-set budget. However, you don’t want the lack of money to affect your outfit choice or the number of friends you want to call on the big day.

So what are the options available to finance your dream wedding? Try the wedding loan!

What is a wedding loan?

A wedding loan is a personal loan that you can benefit from to meet your wedding-related expenses. You can use the loan amount for a variety of purposes, from paying for venue, arrangements, lighting, food, hotel stays, and jewelry to financing your dream honeymoon. You can plan the wedding of your dreams with a personal wedding loan.

Enthusiasm and celebration around marriage are much higher today than they once were. There’s a bachelor party, pre-wedding ceremony, glamorous reception, professional photographers, wedding planners and more.

Plus, couples dream of romantic international honeymoon destinations that will give them memories to cherish forever. A can help couples achieve all those dreams.

Features and Benefits of Available Wedding Loans

Applying for a wedding loan is quick and easy. You can apply for a loan online from your preferred lending institution. The eligibility criteria are simple and you can proceed with very little documentation.

Wedding loans have fast disbursement. If you have the required documents, you can quickly get funds into your account within minutes of applying.

Wedding loans do not come with any restrictions. You can use it for many reasons, including your outfit, makeup, hotel rooms, banquet halls, catering, honeymoon, etc.

It can be a great lifesaver if your expenses are over budget in all the chaos of the wedding.

Wedding loans are unsecured loans. This means that you don’t have to pledge your assets to get the loan.

Many choose to liquidate their fixed deposits or other investments to finance their marriage. However, this is not always a good option. In addition to losing interest on these deposits, you may also incur fees for early withdrawals.

But, with a Personal loan for marriage, you no longer have to. Instead, you can continue your investments without interruption while the wedding loan takes care of all the expenses.

Wedding loans come with flexible repayment options. You can choose the IME and term that best suits you based on your ability. A will help you pick the right choice that won’t strain your budget.

You can also use your wedding loan to boost your credit, especially if you are new to credit.

Paying your EMIs on time will increase your score and put you in a better position to qualify for any loans should the need arise.

Eligibility criteria for a wedding loan

Several lending institutions have easy requirements for wedding loans. Here is an overview:

  • You must be over 21 but under 58.

  • You must be an employee with more than 12 months’ experience and your employment with your current organization must last more than 6 months.

  • You should earn a minimum of Rs 20,000 per month.

If you meet all these criteria, you can benefit from a Personal Wedding Loan from any lending institution.

You will need the following documents to qualify for a personal loan for marriage:

  1. A completed application form

  2. A recent photo ID

  3. Identity proof

  • Map of Adhar

  • Voter ID

  • Passport

  • PAN card

  • Driver’s license

4. Proof of address

  • Map of Adhar

  • Voter ID

  • Passport

  • Driver’s license

5. proof of income

Why choose a personal loan for your wedding?

  • Loan amount:- With personal loans available from Rs. 50,000 lakh to 25 lakhs, you can get married in style by availing yourself from any of your favorite lending institutions.

This way, you can enjoy and immerse yourself in the wedding celebration without worrying about refunds.

How to Apply for a Personal Wedding Loan

Applying for a personal loan is quick and hassle-free. Here are the three simple steps that will bring you closer to the wedding of your dreams.

  • Visit the lender’s website and complete the personal wedding loan application form

  • The customer representative will contact you regarding your need

  • Decide on the appropriate loan amount and term

  • Submit required documents

  • After approval, you will be sanctioned the loan amount at the end of verification

Things to consider before applying for a wedding loan

Whereas wedding loans are beneficial in making your big day a success, here are some things to consider before applying for the loan.

Understanding these factors will help you make an informed decision that you won’t regret later.

Although you can benefit from the maximum limit of wedding loans available, you should only borrow as needed. Make a detailed estimate of your wedding budget and plan the loan accordingly.

Borrowing too much can hurt your finances and other long-term savings goals.

Check the credit score (also known as CIBIL score and Experian score) requirements of your preferred lending institution before applying. An Experian score of over 630 or higher is required to obtain a personal loan for a wedding.

Besides interest, there are other fees associated with a personal loan, such as your processing fees, prepayment fees, default fees, etc. Consider all these costs when deciding on the loan amount.


Marriage is a special occasion in your life, and a will help you make the moment shine. However, it is always advisable to go prepared. Plan your overall budget and repayment options in advance, so you don’t find yourself financially unstable soon after the wedding.

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