Marriage Loan

A marriage loan, also known as a wedding loan, is a convenient way to manage the financial requirements of a wedding. It helps cover the costs of planning a grand celebration, easing the financial burden. CredBuddha offers a simple and efficient application and approval process, making it easier to finance your wedding expenses.

Explore Loan Options

• NBFCs (Non-Banking Financial Companies)
• Banks

Features & Benefits

• No Hidden Charges: Transparent terms and conditions.
• Online Process: Fully digital application process.
• Zero Collateral: No need to pledge any https://credbuddha.com/assets.
• Competitive Interest Rates: Affordable rates to suit your needs.
• Quick Approval: Immediate access to funds.
• No Prepayment Penalties: Flexibility to repay early without extra charges.

Top NBFCs Providing Marriage Loan

Top Banks Providing Marriage Loan

Comparing NBFCs and Banks

• Interest Rates: Generally lower at banks.
• Loan Amounts: Higher at banks.
• Processing Fees: Potentially lower at banks.
• Approval Speed: Faster with NBFCs.
• Eligibility Criteria: More flexible with NBFCs.
• Documentation: Minimal with NBFCs.

Eligibility Criteria

• Age: 21-65 years
• Monthly Income: ₹15,000 - ₹25,000
• Employment Type: Salaried and self-employed are eligible
• Employment Status: Salaried - 2 years, Self-employed - 1 year
• Credit Score: 700-900

Required Documents

To apply for a marriage loan, you need the following documents:

• Identity proof: Passport, driver's license, Aadhaar card, Voter ID
• Address proof: Utility bill (electricity, water, or gas), bank statement
• Income proof: Recent payslips, Income Tax Returns (IT returns)
• Photographs: Recent passport-sized photographs

Steps to Apply for a Loan

1. Click on "Apply For Loan" Start your application by clicking the "Apply For Loan" button
2. Fill Out Step 1: Enter your Name, Mobile Number, Employment Type, Salary, and Pincode. Click "Next".
3. Fill Out Step 2: Provide details about your Salary Type, Company Name, and Desired Loan Amount. Click "Next"
4. Fill Out Step 3: Enter your PAN Number, Date of Birth, Gender, and Email Address. Click "Next".
5. Fill Out Step 4: Enter your Address, Locality, City, and State. Click "Submit".

Frequently Asked Questions

• What is a marriage loan?

  A marriage loan, also known as a wedding loan, is a type of personal loan designed to cover the expenses associated with a wedding ceremony and related celebrations.

• What expenses can a marriage loan cover?

  Marriage loans can typically cover a wide range of expenses, including venue rental, catering, decorations, bridal attire, photography, and honeymoon costs.

• How does a marriage loan work?

  You apply for a marriage loan through a financial institution like CredBuddha. Upon approval, you receive a lump sum amount which you repay in fixed installments over a specified period, including applicable interest.

• What are the eligibility criteria for a marriage loan?

  Eligibility criteria may include factors such as your income, credit score, employment status, and age. Specific requirements may vary by lender.

• How can I apply for a marriage loan through CredBuddha?

  You can start your application process by visiting CredBuddha's website or app, filling out the online application form and submitting it.