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Wedding Loan
Quick Approval and Disbursal -
100% Online Process
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Low Interest Rates
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Repayment Flexibility
Why InvestKraft?
We are India’s fastest growing fintech company with all BFSI services on one platform.
Get a Wedding Loan up to 50 Lakhs
What is a Wedding Loan?
A wedding loan, also known as a marriage loan, is a type of personal loan that provides the funds for weddings and celebrations. From venue bookings and catering to outfits, jewellery, decorations and photography - the wedding loan takes care of all the expenses.
Because of the high costs involved, many individuals or families prefer taking a personal loan for marriage. At InvestKraft, we help you get a shadi loan online in easy and convenient manner. Also, the marriage loan interest rates are also very competitive so that repayment becomes burden free.
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Wedding Loan EMI Calculator
Now, calculate easily the EMIs you need to pay for your wedding loan, using the InvestKraft Wedding Loan EMI calculator.
Features and Benefits of a Wedding Loan From InvestKraft
The following are some of the advantages you can get when you take your wedding loan from InvestKraft:
100% Digital Loan Application
No paperwork, no hassles. Just fill in the details and apply in minutes. With a completely digital process, you can save a lot of time.
Minimal Documentation
We will not ask you to submit hundreds of documents. Just a few basic documents, and you are good to go. Quick verification means quicker approval.
Affordable Interest Rates
With competitive interest rates, our wedding loans are easy on your finances. We will make sure repayment does not disturb your celebration plans.
Faster Approval
Even if your wedding plans are made last-minute, you do not have to worry about finances. We have your back. With quick approval and disbursal, your wedding loan will be ready in a very short period of time.
Higher Loan Amounts
With high loan amounts of up to INR 50 lakhs, your dream wedding is possible and within your reach.
Zero Collateral
Our wedding loans are unsecured, which means you do not have to pledge a property or any of your assets to get the loan. Just meet the basic marriage loan eligibility, and you are good to go.
No Prepayment Penalty
One of the best parts of InvestKraft's wedding loan is that there is no prepayment penalty, which means you can repay your wedding loan earlier without facing any penalty.
Who Can Apply for a Wedding Loan?
The following can apply for a wedding loan from InvestKraft:
| Eligible Category | Benefits | Apply Link |
|---|---|---|
| Brides and Grooms | To cover wedding expenses like venue, outfits, photography, and honeymoon. | Apply Now |
| Parents of the Couple | To finance ceremonies, gifts, and arrangements without burning the savings | Apply Now |
| Siblings of the Couple | To support a grand wedding plan or manage last-minute costs | Apply Now |
| Wedding Planners | To pre-book vendors, manage large-scale events, or meet urgent requirements. | Apply Now |
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Eligibility Criteria for a Wedding Loan
The following are the eligibility criteria for a wedding loan:
| Criteria | Requirement |
|---|---|
| Age | Applicant must be between 23 to 65 years old |
| Occupation | Both salaried individuals and self-employed professionals are eligible |
| CIBIL Score | A minimum CIBIL score of 700 is required |
| Monthly Income | Minimum monthly salary of ₹20,000 (varies by city of residence) |
Please note that the above are the basic eligibility criteria for a wedding loan. Depending on your loan application, loan amount, CIBIL score and your lender, the eligibility criteria for a wedding loan may vary.
Documents Required for a Wedding Loan
The following are the documents required for a wedding loan:
Documents Required (Salaried Individuals)
| Document Type | Details |
|---|---|
| Identity Proof | Self-attested copy of PAN Card, Aadhaar, Passport, Driving Licence, or Voter ID |
| KYC Documents | Valid identity, residence, and signature proof |
| Income Proof | Form 16 or ITR (last 3 years), Last 3 months' salary slips |
| Bank Statement | Last 3 months’ salary credit bank statement |
Documents Required (Self-employed Individuals)
| Document Type | Details |
|---|---|
| Identity & Age Proof | Aadhaar Card, PAN Card |
| Application Form | Duly filled personal loan application with passport-size photograph |
| Residence Proof | Passport, Driving Licence, Voter ID, Utility Bills (electricity/water/gas) |
| Bank Statement | Last 3 months’ bank statement (preferably current/business account) |
| Income Proof | Last 3 years' ITR with income computation |
| Financial Statements | Last 3 years' CA-certified or audited balance sheet and profit & loss A/c |
Please note that apart from these, there may be a requirement for more documents, which will be communicated to you by your lender.
How To Apply For a Wedding Loan from InvestKraft?
Getting a marriage loan is simple and easy. In just 3 easy steps, you can get the fund for your dream marriage and make it happen:
Apply Wedding Loan
1 Fill in Your Details
Start by filling out our easy application form with your basic information and click Submit. You can use our app to get a marriage loan as well.
2 Upload Your Documents
Submit the required documents online, such as ID proof, income proof, and bank statements. These will be communicated to you once you provide your basic information.
3 Get the Funds
Once your documents are verified and the loan is approved, the required amount will be credited directly to your bank account.
Wedding Loan Interest Rates and Other Charges
Like any other personal loan, a wedding loan comes with an interest rate and other charges. With InvestKraft, you can get wedding loans at low interest rates. The following table shows the rates and other charges:
| Particulars | Details |
|---|---|
| Interest Rate | Starts at 10.85% p.a. (may vary by lender and profile) |
| Processing Charges | Up to 3.93% of the loan amount |
| Pre-closure Charges | Up to 4.5% on outstanding principal |
| Bounce Charges | INR 700 – INR 1,200 per bounce (varies by lender) | Financial Statements | Last 3 years' CA-certified or audited balance sheet and profit & loss A/c |
Please note that these charges depend on the lender and may vary as per the marketing conditions. We recommend that you check the official website before applying.
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Frequently Asked Questions
While the primary purpose of a wedding loan is to cover wedding-related costs (venue, catering, etc.), some lenders may allow a portion of the loan to be used for honeymoon expenses. However, it is important to clarify this with your lender beforehand to avoid any unexpected issues.
Like any loan, a wedding loan can impact your credit score. On-time payments will positively impact your score, while missed payments can significantly damage it. It's essential to create a realistic repayment plan and stick to it to maintain a healthy credit score.
Yes, you can combine a wedding loan with your personal savings to finance your wedding. This can help you reduce the overall loan amount and potentially lower your interest rates and monthly payments.
Yes, you and your partner can usually apply for a joint wedding loan. This can help you qualify for a larger loan amount and potentially secure a lower interest rate. However, both partners will be responsible for repaying the loan, even after marriage.
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