What is a wedding loan?

Plan your day in the best possible way.

Personal loan for weddings is a smart and modern way to plan your wedding without worrying about expenses. A wedding is one such occasion that has many dreams and plans attached to it and lack of money can become a major hindrance. It is a one-time occasion which should be perfect without any hurdle. A wedding personal loan is an unsecured loan that can be approved using financial documents, personal details, and CIBIL score. Boost your CIBIL score and increase the chances of getting a wedding loan from My Mudra today. Opting for a wedding loan can solve all money-related problems and help you enjoy the day by leaving financial stress aside.

All the top banks and NBFCs are providing wedding loans at different interest rates, opting for a personal wedding loan with the least interest rate is the smart decision in the long run of life. My Mudra wedding loan shall be a one-stop solution on your special day to quench your financial thirst easily. Apply for a wedding loan easily through My Mudra, get the documentation done, and enjoy a quick disbursal of your wedding loan within a day. My Mudra marriage loan rate of interest starts from 10.25% p.a release your financial stress today. A borrower can either opt for an overdraft facility, or a term loan for wedding purposes. In the former, the principal amount decreases with tenure thus decreasing the EMI of the loan. However, the latter is the loan in which the EMI shall remain the same during the tenure of the loan.

When Should You Opt for a Wedding Loan?

Choosing a wedding loan for the following expenses can be beneficial for people.

• Venue and Decoration: The wedding calls for wonderful decoration and a dreamy venue. Cover the expenses of venue and decoration easily with My Mudra wedding loan.
• Jewellery and Outfits: Get financial help for jewelry and outfits easily with a wedding loan and stand out with your dream outfits and jewelry.
• Entertainment: Hire a DJ without worrying about his expenses or set up entertaining activities for your guests easily with My Mudra personal loan for weddings.
• Hospitality: Hospitality is one such thing in a marriage that catches the attention of people. Give them the best hospitality today with a loan for a wedding.
• Photography: Capture the best moments of your life easily with the best photographer in town and pay his expenses through a wedding loan easily.
• Boosting CIBIL Score: Besides planning the wedding, this loan can also help the applicant in boosting CIBIL score. Having a CIBIL higher than 750 is usually considered good if you are thinking of applying for a loan.

Eligibility Criteria for Wedding Loan

Detailed information on eligibility criteria for marriage loans is mentioned below.

• Nationality: Indian
• Age: 21 years to 67 years
• Employment Status: Employed with MNC, private, or public companies.
• CIBIL Score: 700 or higher
• Minimum Salary: The minimum salary for a holiday loan should be Rs. 22000.

Documents Required for Personal Loan for Wedding

Mentioned below is the list of the documents required for availing wedding loan from MY Mudra.

• Duly filled application form with the latest passport-sized photographs.
• KYC documents of the applicant such as PAN Card, Aadhaar, Passport, Voter ID card,
• Salary Slips for the last three months.
• Employee ID card.
• Bank Account Statement for the last three months.

Wedding Loan Interest Rate and Other Charges

Mentioned below are the wedding loan interest rates and other charges on the wedding loan.

How to Apply for a Wedding Loan?

Apply for marriage loans easily with My Mudra by following the steps mentioned below.

• Apply for wedding loans online at My Mudra.
• Fill in the required information and get the documentation done through the paperless process.
• Receive approval and disbursal of wedding expenses loan within a day.

Conclusion

Loan for wedding expenses is the new way to plan your wedding by passing financial hurdles easily. My Mudra is spreading happiness in your day by providing hassle-free personal loans for weddings at just a click. Instead of taking a loan as a burden treat it as a planned decision and fulfill your dreams for your special day. Reach us to get the wedding loan at the lowest interest rate and longer tenure that can help you quench your financial thirst easily.