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More than just ceremonies, Indian marriages are a grand celebration of love, family, cultures, and traditions. The lavish venues, decorations, outfits, and so on; everything comes at a cost that may burn a big hole in your pocket. This is where a marriage loan helps you ensure that your big day dazzles without any financial stress.
A personal loan for marriage, or a marriage loan, helps you manage all your wedding expenses like - venue booking, decoration, catering, clothing, jewellery, travel, and gifts .Home Credit offers you a hassle-free marriage loan of up to ₹4,80,000 at attractive interest rates, with instant approval and no hidden charges.
• No Hidden Charges: Enjoy a collateral free loan with zero hidden charges
• Instant Approval: Apply online and get fast approval in minutes
• Quick Disbursal: Get the approved loan amount disbursed directly to your bank account
• Paperless Application Process: Complete the entire application digitally without having to submit physical documents
Before applying for a marriage loan, applicants must meet the following criteria:
• Nationality: Must be an Indian citizen.
• Age: Between 21 and 60 years.
• Employment Status: Salaried individuals, self-employed professionals, or pensioners.
• Banking: Must possess an active bank account.
Keep the following digital documents ready for a seamless application:
• Identity Proof: PAN Card
• Address Proof: Aadhaar Card, Voter ID, Driving License, Passport, Government House Allotment Letter, Property Tax Receipt (Any one of these)
The key fees and charges for personal loans for wedding is as follows:
Particulars |
Details |
Processing Fee |
Up to 3.9% of the loan amount |
APR (Annual Percentage Rate) |
21% to 39.5% |
Late Payment Charges |
Applicable if dues are not paid by the due date (effective 28 March 2024) |
Foreclosure Charges |
4% of the outstanding principal amount (may be waived with Safe Pay) |
Charges are applicable based on the number of days past the due date.
Days Past Due |
Charges (₹) |
Total Charges (₹) |
1 day |
550 |
550 |
30 days |
600 |
1,150 |
60 days |
650 |
1,800 |
90 days |
750 |
2,550 |
120 days |
750 |
3,300 |
150 days |
750 |
4,050 |
180 days |
750 |
4,800 |
Follow these simple steps to apply for a Marriage Loan and get the funds you need to make your dream wedding a reality.
Step 1: Download the Home Credit app from play store.
Step 2: Complete the application process and get instant online approval for up to ₹4,80,000.
Step 3: Receive the loan amount in your bank account within hours.
You can avail a marriage loan of up to ₹4.8 Lakhs depending on your eligibility.
|
Minimum Tenure (months) |
Maximum Tenure (months) |
|
12 |
60 |
Based on their eligibility, customers can choose a suitable repayment tenure and easily estimate their EMIs using the Personal Loan EMI Calculator.
Yes, your Personal Loan can be foreclosed by paying 4% of the outstanding principal amount. However, the foreclosure charges will be waived if you purchased Safe Pay along with your loan.
