A marriage loan or wedding is a personal loan used to finance a wedding. This can include a destination wedding, an intimate ceremony, or a large event. The loan is offered depending on the borrower’s credit score and financial situation. A loan for wedding can be used for any expenses related to the marriage, such as venue rental, catering services, clothing purchases, travel costs, honeymoon expenses, and more. Some loans are offered with adjustable interest rates and flexible repayment schedules so that couples have some flexibility when planning their dream wedding. It allows couples to have access to additional funds to make their special day everything they have imagined it to be without having to worry about breaking the bank.
Features & Benefits of Personal Loan for Wedding
A loan for marriage comes with several features and benefits. These benefits ensure that couples have access to the funds they need at a reasonable cost. Some of the benefits that come with Piramal Finance marriage loans include:
Loan Amount and Tenure
Piramal Finance offers personal loan amounts of up to Rs 5 lakh with repayment terms up to 60 months. This allows couples to choose the best option for them based on their individual needs and financial situation.
No Security Required
In Piramal Finance, wedding personal loans don’t require collateral. This eliminates the need to provide personal property or assets as security. Instead, we determine loan eligibility and loan amounts based on a borrower's credit score and overall financial situation.
Attractive Interest Rates and Easy Repayment
Piramal finance interest rates begin at 12.99*%pa. Furthermore, its personal loans for marriage include flexible repayment options such as EMI-based repayment schedules that divide the loan amount into equal parts so that borrowers can easily repay the loan without overburdening their finances.
Quick, Hassle-Free Disbursal
Piramal Finance marriage loans are known for their quick and hassle-free disbursal processes. Most personal loan applications get approved within a few hours of applying. Once approved, funds can be disbursed to borrowers’ accounts within 1 working day.
Fees & Charges
Piramal Finance has the perfect solution if you are looking for a personal loan for ladies! Our interest rate starts at {plintrestrate}* p.a., and there are no hidden costs. What you see is what you pay.
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- Features & Fees
- Details
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- Personal Loan Interest Rates
- {plintrestrate}* p.a. onwards
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- Loan Amount
- ₹ 25,000 to ₹ 5,00,000.
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- Processing Fees
- Up to 5% plus applicable taxes.
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- Loan Tenure
- 3 - 60 months tenure
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- Prepayment Charges
- ₹ 0
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- Foreclosure Charges
- ₹ 0
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- Stamp Duty
- At actuals (as per state)
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- Cheque Bounce Charges
- ₹ 500 plus applicable taxes
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- EMI Bounce Charges
- ₹ 500 plus applicable taxes
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- EMI Pickup/Collection Charges
- ₹ 250 per visit plus applicable taxes
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- Cash Collection Charges
- 1% of collection amount of Rs. 50000 and above in cash + taxes
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- Change of Loan Repayment Mode
- ₹ 500 plus applicable taxes
Fees & Charges
Piramal Finance has the perfect solution if you are looking for a personal loan for ladies! Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay.
Fees & Charges
Piramal Finance has the perfect solution if you are looking for a personal loan for ladies! Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay.
Documents Required for Wedding Loan
To get a personal loan for wedding, you must submit the following documents:
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- Document Type
- Personal Loan for Wedding Documents
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- Income Proof
- Last 3 months' bank account statements / salary slips
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- Identity Proof
- Aadhar Card, PAN Card, Voter's Id / Driving License
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- Address Proof / Proof of Residence
- Aadhar Card / Driving License / Passbook / Utility Bills / Property Documents
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- Proof of Employment
- Appointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
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- Investment Proof (If Any)
- Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
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- Photograph
- Latest Coloured Passport-Size Photograph
Documents Required for Wedding Loan
To get a personal loan for wedding, you must submit the following documents:
How to Get Personal Loan for Wedding on the Same Day?
Step 1: Click on Apply Now and start your digital instant loan application.
Step 2: Enter your mobile number linked to your bank account.
Step 3: Enter the OTP received on your mobile number.
Step 4: Enter the required document and verify the same.
Step 5: Bank account verification.
Step 6: Income Verification.
Step 7: Check the Loan Final Offer, Accept, and continue the final process.
After completing the final process your application for a loan is now done and within 24 hours, it will get credited to your verified bank account.
Eligibility Criteria for a Marriage Loan
The different eligibility criteria that you need to fulfill to get a Personal Loan for Education are as follows:
- Age:
- To apply for a personal loan for wedding, applicant must be between 21 and 58 years of age.
- Employment Status:
- Applicant working in public sector and private sector companies are considered eligible for a marriage loan.
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Credit Score:
- We at Piramal Finance offer Personal Loan to the applicants with credit score of 750 and more.
Different Types of Personal Loans
Home Improvement Loan
You can use the funds from a personal loan to complete renovations in your home. Moreover, you can also use the funds to expand your home.
Travel Loan
If you are willing to travel to an exotic location, applying for a personal loan is the way to go.
Car Loan
You can buy your dream car with a flexible car loan, offering freedom of choice and fixed monthly payments.
Emergency Loan
Health insurance may not cover family medical emergencies. Emergency personal loans can help with medical crises.
Festival Loan
The festive season often comes with various expenses, which online insta loans can help cover.
Loan for Women
Empower yourself with a specially designed quick personal loan for women. It provides financial support for various needs with competitive interest rates and flexible repayment options.
Loan for Salaried Employees
Unlock financial flexibility with a personal loan designed exclusively for salaried employees. Get the loan quickly and conveniently.
Education Loan
You can borrow finance online to pay for housing and food while studying at a university in another city or country.
Personal Loan for Bike
Don't wait any longer to own your dream bike. Apply for a personal loan for a two-wheeler and get instant approval.
Frequently asked questions
You can easily calculate EMIs using our personal loan EMI Calculator. The formula used is:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
Where:
P = Principal loan amount
R = Rate of interest (monthly)
N = Number of EMIs (loan tenure in months)
Use our EMI Calculator to instantly estimate your monthly repayments based on your loan amount and tenure.