How to Get a Marriage Loan in India?

"Learn how to get a marriage loan in India. Know the eligibility criteria, documents, process, and tips for securing the best interest rates for your wedding."

How to Get a Marriage Loan in India?

5 mins read

Published: 19 June 2024

Updated: 20 June 2024

You get married once, so planning for a high budget dream wedding is a must. However, the main hurdle is you do not have enough funding! This is where marriage loans come into role. Wedding loans help you to strategically plan your wedding expenses. Borrow the funds from any banks or NBFCs which align with your requirements to cover your dream wedding funds.

Weddings require numerous arrangements such as a banquet hall, catering, wedding attire, decorations and many other expenses hence it is a costly affair to arrange all these things and this list is endless. There are many couples and families who dream about such a wonderful wedding but do not have enough savings to meet these heavy expenses and wedding loans play an important role to meet these financial requirements. Now plan your dream wedding without worrying too much about the expenses upfront.

In this blog, you will get to know how to obtain a marriage loan in India. The objective of this blog is to help the readers to avail marriage loans with ease. Personal loans for marriage help the borrower to finance their dream wedding.

Understanding Marriage Loans

Marriage loans are specially designed for the couples who want wedding funds to make their marriage a memorable one. The main purpose of the marriage loan is to lower the financial burden on the families and wedding couple and allow them to enjoy the wedding without worrying about the costs upfront.

Eligibility Criteria for Obtaining a Marriage Loan

1. Age Requirement: The lender typically requires a minimum and maximum age to apply for a personal marriage loan. Borrowers should be of legal age to enter the contract and also not exceed the maximum age limit set by the lender.

2. Income and Employment Stability: To ensure the financial stability or capability of the borrower, the lender assesses the monthly income of the borrower to decide whether the person will be able to repay the loan amount on time. A regular income either from business or stable job is required to meet the lenders requirement.

3. Credit Score: Credit score helps the lender to check your creditworthiness and to avail quick approval personal loan to plan your dream wedding. Typically a credit score of 750 and above is asked by the lender.

4. Documentation: A lender asks the borrower to submit a few documents including identification proof, address proof, income documents (such as salary slips or income tax returns), and bank statements to support the loan application. These documents help lenders assess the borrower's eligibility and creditworthiness.

Researching Loan Options for Personal Marriage Loan

When you are researching for loan options from various lender you need to consider few things in mind:

  • Comparing Interest Rates and Terms Offered by Different Lenders: Interest rates and terms which are offered by lenders actually increases the loan repayment amount overall, so consider comparing the interest rates offered by different banks, there are many hidden charges and fees too about which the borrowers are not aware. After comparing the various lenders, choose the best one providing the best offers for marriage loan.

  • Assessing Loan Features: Loan features include repayment flexibility, prepayment options, etc. before applying for personal marriage loan assess the repayment tenure from the various lenders according to your repayment capability, also know about the prepayment option. As there are many lenders who do not offer prepayment options and there are many who offer the prepayment option but there are various terms & charges associated with it. And the prepayment charges can be higher too, so it's better to know all the terms associated with a personal wedding loan.

  • Evaluating the Reputation and Credibility of Lending Institutions: Look for the lending options and research well-known banks, financial institutions with a proven track record of reliability, and positive customer feedback. There are various lenders who are fraudulent and ask for unnecessary charges after availing the loan.

Preparing the Application for Marriage Loan

Preparing a loan application is a crucial step and requires all your attention as you need to gather all the necessary documents which includes Identification proof( Aadhar card, passport, driver's license etc. ) , Address proof, Income proof (salary slips, bank statements, IT returns), Marriage-related documents (invitation, estimate of expenses, etc.)

Another step is calculating the loan amount needed to cover all your expenses. According to your need, decide how much amount is needed and then assess your affordability and repayment capacity so that you can repay the loan amount on time without any delay due to lack of funds.

Applying for the Wedding Loan in India

You can apply for a personal marriage loan through online or offline mode. Both the process allows you to secure a marriage loan. But the online application process has made the loan process so easy that you don't need to follow the old traditional way to secure the loan. Online processes are hassle free and require minimal documentations from the comfort of your home. You can apply from anywhere for instant approval personal loan. Keep in mind to fill out the application form accurately without making any mistake. Double check all the details filled by you such as name, income, age tenure, loan amount etc. by providing the accurate information you are reducing the chances of rejection of your marriage loan.

Once you have filled the application form you need to submit the required documents; includes Identification proof (Aadhar card, passport, driver's license etc.), Address proof, Income proof (salary slips, bank statements, IT returns), Marriage-related documents (invitation, estimate of expenses, etc.)

After submission of your application the lender will assess you on the basis of your credit history and the documents submitted. Once the verification process is complete, the lender will inform you of the loan approval status.

Loan Disbursement and Utilization

Once your loan application is approved, there are post-approval procedures and documentation requirements which need to be fulfilled. This process includes signing the loan agreement, providing any additional documents requested by the lender, and completing the other formalities if any. Before signing the loan agreement read all the terms and conditions mentioned in the agreement. After this the lender will initiate the loan disbursement process and soon the amount will be disbursed in your bank account.

Repayment Strategy

After getting funds when it comes to repaying the loan amount it is necessary to understand the loan repayment terms like the interest rate, loan tenure, and repayment schedule. Next step is setting up a repayment schedule according to your budget, and also exploring options for early repayment or prepayment. It is very important to track your repayment so that you can avoid defaults and manage your EMIs responsibly.

Tips for a Smooth Loan Experience

  • Maintaining good credit discipline

  • Communicating effectively with the lender

  • Proper Repayment Planning

  • Seeking professional advice


This blog covered everything about marriage loan and its essential aspects to obtain the loan in Indian effectively. No doubt planning a dream wedding can be expensive but personal marriage loans have made it easy by providing proper funding to manage all the wedding expenses. And this easy access to marriage loans in India helps the couples to even dream for their destination wedding.

My Mudra has made your dreams come true by offering various loan options with competitive rates. To avail your dream loan today and fulfil your financial requirements without any hurdles.

Read more to know about different loans offered by My Mudra.

Also read: How to Choose the Best Personal Loan Lender?

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