As a parent, you want to give your child a wedding to remember, don’t you? After all, you’ve been looking forward to the D-day as much as your child has. So even though COVID-19 might have hit the guestlist for a big fat Indian wedding, you can still make sure your child isn’t robbed of one. Wondering how? Well, a personal loancan help! 

Why take a loan for wedding expenditures?

Is the wedding venue outside your budget? Or, perhaps you want to keep a financial cushion for unplanned wedding expenses? Whatever the reason, a personal loan for wedding can help you pay for any and all expenses associated with a wedding ceremony. It is a type of unsecured loan that does not require proof of expenditure or collateral, so you don’t have to liquidate your investments or exhaust your savings.

All these benefits, in addition to competitive personal loan interest rates and flexible repayment options, make personal finance a wise choice to throw your child a grand wedding!

How to apply for a personal wedding loan?

Now that you’ve made up your mind about borrowing a loan to meet your child’s wedding expenses, there are a few things you ought to consider.


First and foremost, you should search for a lender offering personal finance at competitive interest rates and who provides flexible EMI repayments. This will ensure you’re not in a pickle later. Once that is done, you should check the personal loan eligibilitycriteria on the lender’s website.

If you are close to retirement age, it is best to check the age criteria first.Financial institutions have slightly different age criteria, but most lenders offer marriage loans to applicants between 23-55 years of age. The age limit is more relaxed if you are a self-employed individual.

Monthly income

Your monthly income and employment status comes next. A salaried employee might need specific years of work experience at a stable job and meet a minimum monthly income requirement. However, these criteria vary from lender to lender and are different for self-employed individuals.

Additional Read: Can a Personal Loan help with Last Minute Wedding Expenses?

Credit score

Having a credit score between 700-900 can increase your loan eligibility significantly. If your CIBIL score is not within this range, try to improve the same by ensuring timely payment of credit dues and EMIs of your previous loans, if any. With a good credit score, you’re also more likely to get a competitive interest rate.

Necessary documents

After this, you should get your documents for verification in order. Since paperwork usually differs across lenders, it is best to ask your chosen lender for a list of the necessary document proofs they’ll need and keep them handy.

Finally, apply online! Nowadays, many lenders offer e-verification services as well as fast disbursal of funds. So you can avail of a loan quickly and at your convenience. 

Additional Read: Check Out the Documents Required for Getting a Wedding Loan in India

Over to you

If you’re looking for a personal loan for wedding expenses of your child’s special day, turn to Tata Capital. We offer loans at competitive interest rates and flexible EMI options. To find an EMI plan that works for you, use our personal loan EMI calculator today!

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