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No Collateral Required

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Minimum R.O.I. 10.25% P.A - Maximum R.O.I 15.0% P.A

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Minimal Documentation

How the Wedding
Loan works?

A wedding loan is an unsecured loan that can be approved using financial documents, personal details, and a 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 helps you to enjoy the day by leaving financial stress aside.

All the top banks and NBFCs are providing marriage loan at different interest rates. Opting for a personal wedding loan with the least interest rate is the smart decision in the long run life. My Mudra is giving the least rate of interest for marriage loan.


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How the Wedding Loan works?

Wedding Loan
Eligibility Criteria

The detailed information on eligibility criteria for marriage loans is mentioned below:

1. Nationality: Indian

2. Age: 21 years to 67 years

3. Employment Status: Employed with MNC, private, or public companies.

4. CIBIL score: 700 or higher

5. Minimum Salary: The minimum salary for a wedding loan should be Rs. 22000.

Documents required for Wedding Loan

1. PAN Card, Aadhaar, Passport, Voter’s ID card

2. Salary Slips of the last three months

3. Employee ID card

4. Bank Account Statement for the last three months


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Wedding Loan Eligibility Criteria

What is the process
of Wedding Loan?

Apply Marriage Loan from My Mudra by following the steps mentioned below.

1. Apply online on My Mudra website.

2. Get the required documentation done online. Track your Loan application on the portal.

3. Get your marriage loan disbursed within hours.


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What is the process of Wedding Loan?

Which banks to apply for Wedding Loan

Banks/ NBFCs 

Rate of Interest 

Bank of Maharashtra 

10% to 12.55%

Bank of India

10.35% onwards

ICICI Bank

10.75% to 19%

State Bank of India

11% to 11.50%

Bank of Baroda

11.35% onwards

Federal Bank

11.49% to 14.49% (Fixed)

Axis Bank 

12% to 21% (Fixed)

Wedding Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
On Wedding Loan

What is Marriage Loan Interest Rate?
The interest rate for the Marriage Loan is 10.25% R.O.I.
Is Marriage Loan rate of Interest rate higher for salaried employees?
There is no such difference in the interest rate for salaried and self employed people availing Wedding Loan.
What are the documents required for a marriage loan?
A person needs PAN Card, Aadhaar Card, 750+ CIBIL Score for marriage loan.
Can I apply for marriage loan online?
There are many platforms like My Mudra who are providing Marriage Loan online.
What is the time period for repayment of marriage loan?
A person can repay Personal Loan in 12 months to 36 months.

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