Wedding Loan
A Wedding Loan is a type of personal loan offered to cover marriage-related expenses. Whether it’s venue booking, catering, decoration, travel, or jewelry purchases, this loan helps manage big-ticket costs involved in Indian weddings without breaking your savings.
Key Features
- Unsecured personal loan for wedding-related expenses
- Loan amounts typically range from ₹50,000 to ₹25 lakhs
- Flexible tenure from 1 to 5 years
- No collateral or security required
- Quick approval and disbursal
Eligibility Criteria
- Indian resident aged 21–60 years
- Salaried or self-employed with stable income
- Minimum monthly income as per lender (usually ₹15,000+)
- Good credit score (typically 650+)
Required Documents
- KYC documents (Aadhaar, PAN, etc.)
- Proof of income (salary slips, bank statements, ITR)
- Employment proof or business documents
- Passport-sized photographs
Benefits
- Eases financial burden during marriage planning
- No need to liquidate savings or investments
- Simple documentation and digital process
- EMI-based repayment flexibility
Top Lenders Offering Wedding Loans
Banks and NBFCs like HDFC Bank, ICICI Bank, Axis Bank, Tata Capital, and Bajaj Finserv offer customized wedding loan products.
Important Notes
- Compare interest rates, processing fees, and prepayment charges
- Avoid over-borrowing to prevent EMI stress
- Maintain a good credit profile to get the best terms