Getting Married? Apply for a Personal Loan for your Wedding

If your plans for a dream wedding celebration are hampered by inadequate funds in hand, you can consider Availing a Personal Loan for Wedding from a bank or an NBFC of your choice. You need not to miss out the fun of this once-in-the-life-time event. For, hassle-free and instant credit facilities are available for eligible borrowers online as well as offline.

You can either contact your bank where you hold a Savings Account or contact an online loans comparison website to find the best Personal Loan at the most attractive price. Right from the loan approval to the documentation submission to the disbursal, the loan can be processed without visiting the lender’s branch.

A Personal Loan for Wedding will fund all types of wedding expenses, from jewellery purchase to venue booking to food and catering; there is no restriction on the end use.

Here goes a quick rundown on leading lenders for Wedding Loans in India:

ICICI BANK

ICICI Bank is one of the leading private banks, popular for customer-friendly banking products & services. You can avail a fast Wedding Loan with maximum ease from ICICI Bank. You can borrow Personal Loan for up to 20 lakh without collateral or guarantor for Wedding Purpose at an attractive rate starting at 11.25 percent annually from ICICI Bank.

The loan is offered at flexible terms, and you can avail the funds for 12 to 60 months. The documentation required is also minimal so as to ensure swift processing of funds.

SBI Bank

SBI Bank is the largest public sector bank in India and extends complete flexibility to borrow Personal Loans for wedding expenses. You can borrow Rs 50000 to Rs 15 Lakh according to your requirements. The approval of the loan application depends on your credit score and fulfilling other loan eligibility criteria. Factors such as your monthly income, profession, credit score and previous relationship with the bank will also determine your loan eligibility.

You can either Apply for the Personal Loan Online or visit the nearest bank branch for the same. The application can be completed within a matter of a few minutes as there is minimal documentation required.

It is essentially an unsecured Personal Loan, and there is complete flexibility on end use of the funds. There will be no restrictions on the usage of funds. You can use the Wedding Loan for a range of expenses, varying from clothing to jewellery, venue booking to catering, etc.

HDFC Bank

HDFC Bank is one of the best and popular banks in the country and availing Personal Loan for wedding from HDFC could be one the comforting decisions to ease the cash woes amid the hustle and bustle of wedding preparations.

The credit products by HDFC are well-known for ease of use and customer friendliness. There is minimal paperwork involved, and you need not go through a layer of verification and other credit formalities.

The bank extends additional ease of borrowing to women applicants and its existing customers having an account with the bank. The Wedding Loan can be borrowed at flexible terms wherein EMI could be as low as Rs. 2187 per lakh. You need not liquidate your savings for wedding expenses and pay out with flexible repayment option.

IDBI Bank

Another popular choice for Personal Loan for wedding comes from IDBI Bank. You can borrow Wedding Loan at a competitive interest rate along with flexible repayment facility. Both salaried as well as self-employed can make use of the IDBI Wedding Loan.

The existing IDBI customers can enjoy faster loan approval and ease of repayment. You need to be 21 years to 71 years old to avail this loan. Yes, even pensioners having their pension account with the bank can avail Personal Loan at ease from the IDBI bank. You can also enjoy a top-up and insurance facility as additional benefits on IDBI Personal Loan.

Bajaj Finserv

If you are a salaried individual and require a fast Personal Loan for wedding, Bajaj Finserv is a choice to make. You can swiftly borrow a Personal Loan up to 25 lakh with flexible terms and conditions.

Subject to loan eligibility you can avail the loan disbursal the same day.  Being an NBFC, you can avail more personalised loan from Bajaj Finserv.

Axis Bank

Whether you are a salaried employee or a self-employed businessperson or professional you can apply for Personal Loan for Wedding at Axis Bank. The applicant needs to be 21 to 60 years with a minimum of Rs 15,000 as a monthly income. The loan is offered at an extremely attractive rate.

It is an Unsecured Loan, and thus there is no restriction on the end-use of the funds. Your loan eligibility is assessed, basis your financial stability. If you have a minimum of two years of work experience or running a business for five years you can apply for Personal Loan from the bank. Besides, you must maintain a good credit score and clean credit history to be eligible for the same.

Also Read: Best Personal Loan for Your Dream Wedding

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.