Wedding Loan: The wedding atmosphere in India is truly one-of-a-kind, characterized by a stunning mix of opulence, cultural heritage, and vibrant decorations. As highlighted in the WedMyGood report for 2024-2025, the wedding season in India has hit unprecedented heights, with overall wedding costs soaring.
No need to spend your savings money
Today, families are facing expenses that can range from Rs 5 lakh to Rs 1 crore, prompting many to seek personal loans to cover these costs rather than depleting their savings. A personal loan for weddings is specifically designed to help manage all wedding-related expenses, whether it’s securing the venue, hiring caterers, or purchasing bridal attire.
No need to put any property as security
This type of loan offers financial assistance without requiring any collateral, meaning you don’t have to put up any property as security. Interest rates for wedding personal loans in India typically fall between 10% and 24%. It’s wise to shop around and compare various lenders to find the most favorable interest rates.
How to apply for wedding loan via online?
When considering a loan, evaluate the interest rates, repayment terms, and fees from different providers. Ensure you have necessary documents ready, such as your Aadhaar card, proof of address, income verification (like a salary slip or bank statement), and a passport-sized photo. You can easily fill out your information on the lender’s website or app, scan, and upload the required documents. Services like Moneycontrol also offer the convenience of obtaining instant loans digitally, eliminating the need for extensive paperwork.
Important things about personal loan for weeding
Loan Amount: Ranges from Rs 50,000 to Rs 50 lakh
Loan Tenure: Available for 12 to 60 months
Interest Rate: Between 12% and 24% per year
Collateral Requirement: No collateral needed.
Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.