Personal Loan for Wedding: Features and Benefits
Don’t let money be a constraint when it comes to planning your dream wedding. Choose the finest venue, the most beautiful outfits, the best caterers and more with a Personal Loan for Wedding from Bajaj Finserv.
Avail of a Flexi loan up to Rs.25 lakh and pay up to 45% lower EMIs.
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Loan approval in 5 minutes
Submit your personal loan application and get approval instantly.
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Disbursal in 24 hours*
Complete your document verification and have the money in your account within 24 hours*.
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Minimum documentation
Meet our eligibility criteria and submit just a few basic documents to avail of the loan.
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Flexibility
Borrow money when you need and prepay it when you can with our Flexi Personal Loan facility.
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Flexible Tenor
Choose tenors up to 60 months, as per your repayment capacity, and manage your loan efficiently.
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Loans up to Rs.25 lakh
Manage all the costs related to your wedding with a personal loan up to Rs.25 lakh.
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Preapproved offers
Check offers personalised for you by submitting your name and contact details. Opt for the pre-approved loans for quicker processing.
Personal Loan for Wedding: Eligibility Criteria
If you are a salaried professional living in any of the cities where we service, you can apply for a personal loan for wedding. Read our Personal Loan eligibility criteria.
Personal Loan for Wedding: Fees and Charges
Learn more about our personal loan interest rates, as well as other fees and charges.
How to apply for a Personal Loan for Wedding
Apply online for a Personal Loan for Wedding by following these four steps:
Fill in your personal, financial and employment details.
Select the loan amount and tenor that you require, to get instant online approval.
Submit the required documents with our representative, who will get in touch with you.
Receive the money in your bank account within 24 hours.
Marriage Loan FAQs
Why should I take a personal loan to fund a wedding?
A personal loan is a viable option to finance your dream wedding, owing to benefits such as zero restrictions on end-use, a high loan quantum, and quick disbursal. The sizeable loan value and no restriction on usage of funds allow you to account for miscellaneous expenses associated with a wedding ceremony.
Furthermore, quick disbursal of funds helps you account for immediate requirements without delay. You can also pick a schedule that matches your repayment capabilities and pay off the loan conveniently. Moreover, being an unsecured loan option, you are free from the fear of your assets getting liquidated, in case of a default.
How to take a marriage loan?
You can take a marriage loan online by simply following some easy steps:
- You need to fill out an online application form with personal and financial details
- You need to input details such as a suitable loan amount and repayment tenor. Once you share all the details, basis your eligibility, you may receive instant approval
- You need to submit a set of necessary documents to a designated executive
Usually, the sanctioned loan amount is disbursed to your account within 24 hours of verification.
Can I foreclose or prepay a marriage loan?
Essentially, a marriage loan is a type of personal loan. This is why you can either repay or foreclose a marriage loan just like any personal loan.
You must note that you may have to pay foreclosure or prepayment charges to the lender. Additionally, you may have to fulfil certain conditions and submit documents, including loan account number and identity proof to prepay or foreclose your loan.
Therefore, to streamline the process, you should know all the requirements and applicable charges in detail.
Is there a minimum and maximum loan amount?
You can avail of a loan up to Rs.25 lakh. However, the sanctioned loan amount may depend on multiple factors, including credit score, applicant’s profession, age and income.
In most cases, applicants with a high credit score are more likely to get a higher loan amount sanctioned than those with late repayment history or one with default. Also, a stable job and regular income source work in favour of availing of a higher loan amount.
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