An instant Personal Loan for marriage is an unsecured loan intended to cover the costs of a wedding or related expenses. The eligibility requirements and application process for a Personal Loan for marriage vary depending on the financial institution. In general, you will need to have good credit and a steady income to qualify. Personal Loans for marriage can cover various wedding-related expenses, including venue bookings, catering, flowers, clothing, etc. If you are thinking of taking out a Personal Loan for your wedding, check the interest rates and terms of the loan before finalizing.
Who can apply for a Personal Loan for marriage?
When it comes to Personal Loans for wedding eligibility, there is no shortage of options. But the key lies in finding the best option that suits your needs. Here are a few of the eligibility criteria that you need to meet to apply for a Personal Loan for a Wedding from new-age NBFCs like Clix Capital:
- You must be 21-58 years of age.
- You should have a minimum of one year of working experience with at least six months in the current organization.
- Your monthly income must not be less than ₹ 20,000/-
- You should have an Experian credit score of 630.
Besides meeting this basic Personal Loan for wedding eligibility criteria, you will also need to submit certain documents like your identity proof, address proof, and income proof. Once you have these documents, you can proceed with the online application process.
How to apply for a Personal Loan for marriage?
A Personal Loan could be the best way to finance your wedding if you fulfill the eligibility criteria. Here is what you need to know about applying for a Personal Loan for marriage. The first step is checking your credit score and ensuring it is in good shape. If it is not, you may need to work on boosting your score before you apply for a loan. This includes paying your credit card bills and loan payments on time. Once you have checked your credit score, the next is to finalize the financial institution. You can research the interest rates and terms of financial institutions that offer Personal Loans by visiting their websites. The next step is filling out the loan application when you have finalized a financial institution you want to connect with. Ensure to read the fine print before signing anything.
What documents are required for a marriage loan?
The loan application for an instant Personal Loan for marriage requires the basic documents, including:
Valid identification proof:
- A voter identity card
- A valid passport
- Aadhar Card
- Pan Card
- Driver’s license
Proof of address:
- A valid driver’s license
- Aadhar Card
- Passport
- Utility bills (water, electricity, or telephone)
- Contract of rent
- A voter identity card
Loan Application Form:
For instant approval, you can apply on the website of the new-age NBFCs like Clix Capital and upload the required documents for verification.
The benefits and features of marriage loans
Quick verification
The verification process for a marriage loan is quick and easy. It takes only a few minutes for a loan application to be approved once the documents have been verified.
A flexible repayment term
Using the flexible repayment facility, you can choose a repayment tenure between 12 and 48 months.
High-value loan
Make sure you do not compromise on any aspect; wedding loans are available starting at ₹ 50, 000 and extending up to ₹ 10 lakhs.
Attractive interest rates
You can get a Personal Loan for a Wedding at an attractive interest rate ranging from 14.99% to 24.99%.
A pre-approved offer
You could take advantage of pre-approved Wedding Loans with the best rates offered by various NBFCs, provided you have a good credit score and fulfill the eligibility criteria.
Conclusion
An instant Personal Loan for a Wedding can be easily availed by following a few simple steps. The entire process is hassle-free and can be completed online. You must meet the Personal Loan for wedding eligibility criteria and submit the required documents. So, if you plan to get married soon, an instant Personal Loan can be a great option to finance your wedding.
