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Apply for a Marriage Loan

Weddings can be expensive, with couples often spending 20-30% more than expected due to unforeseen costs. Not everyone has immediate access to the cash required to cover all wedding expenses. This is where a loan for marriage from a FIRSTmoney can be a game-changer. A wedding loan helps you manage the costs of your special day without breaking the bank.

What is a FIRSTmoney Wedding Loan and How Does It Work?
 

A FIRSTmoney wedding loan is a personal loan that can be used to cover expenses like venue bookings, catering, jewellery, flowers, and more. Unlike a traditional loan, FIRSTmoney is fully digital, offers quick approval, and instant access to cash without documentation. You can also avail more funds easily, to meet additional cash requirements without starting over the application process from scratch. This flexible option ensures that you cover unexpected and immediate wedding costs.

For example, you are planning a wedding with expected cost of ₹8 lakhs. Initially, you may only need ₹50,000 for the venue deposit, but as your wedding planning progresses, you can easily opt for extra loan in just a few click to meet additional cash requirements 

 

Features of FIRSTmoney Marriage Loan

ZERO foreclosure charges on marriage loan ZERO foreclosure charges on marriage loan

ZERO foreclosure charges

goodbye to foreclosure charges and repay your outstanding amount whenever you want without worrying about additional fees.

Greater flexibility Greater flexibility

Greater flexibility

With FIRSTmoney, avail multiple on demand Loans to meet additional fund requirements.

Flexible marraige loan repayment options Flexible marraige loan repayment options

Flexible loan repayment options

Enjoy customisable loan EMI repayment options. Choose from flexible tenure options to suit your financial situation.

Swift disbursal for wedding loan Swift disbursal for wedding loan

Swift disbursal

Our advanced technology allows for a quick and paperless application process, ensuring swift disbursal of funds directly to your bank account.

Instant Approval & Quick disbursal Instant Approval & Quick disbursal

Instant Approval & Quick disbursal

Enjoy a completely paperless application process. The advanced technology behind FIRSTmoney makes it easy to access a ₹10 lakh personal loan instantly with a 100% digital process.

Benefits of a FIRSTmoney Marriage Loan

Lower Interest Rates Lower Interest Rates

Lower Interest Rates

Avoid the high-interest rates of credit cards with FIRSTmoney, where marriage loan interest rates start at just 10.99%.

No Foreclosure Charges No Foreclosure Charges

No Foreclosure Charges

If you decide to repay your loan for marriage early, there are no extra fees, allowing you to save on interest.

Flexible Repayment Options Flexible Repayment Options

Flexible Repayment Options

Choose from a variety of EMI repayment terms ranging from 9 to 60 months to suit your financial situation.

Quick Disbursal Quick Disbursal

Quick Disbursal

The online application process is quick and paperless, with funds disbursed directly to your account within 24 hours.

Why Choose a Wedding Loan from FIRSTmoney?

A wedding loan from FIRSTmoney can provide the funds you need for your big day without the hassle of high-interest credit cards. This marriage loan interest rate is more affordable, and flexible allowing you to borrow what you need when you need it. The process is entirely online, from application to approval, with no need for collateral or security.

Marriage Loan Eligibility Criteria

To be eligible for a marriage loan, applicants must meet the following conditions:

marriage loan employment criteria marriage loan employment criteria

Employment Status: Both salaried and self-employed individuals can apply.

Anyone aged between 21 to 60 years can apply for this marriage loan. Anyone aged between 21 to 60 years can apply for this marriage loan.

Age: Applicants should be between 21 and 60 years old.

CIBIL Score for wedding loan CIBIL Score for wedding loan

Credit Score: A CIBIL score of 730 or higher is recommended for the best marriage loan interest rates and approval chances.

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Required Documentation for Wedding Loan

Digital FIRSTmoney marriage loan Digital FIRSTmoney marriage loan

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

How to Apply for a Marriage Loan Online

Scan the QR code or visit the FIRSTmoney website to apply for a personal loan for marriage

Step 1

Scan the QR code or visit the FIRSTmoney website to apply for a personal loan for marriage

Register with your mobile number

Step 2

Register with your mobile number and confirm basic details to check your marriage loan eligibility

Confirm basic details to check your marriage loan eligibility

Step 3

Choose your loan preferences, including the tenure and repayment terms

Choose your marriage loan preferences and link your bank account

Step 4

Link your bank account for the disbursement of funds

Once verified, receive the wedding loan amount in your account within 24 hours

Step 5

Complete the video KYC process by displaying your PAN card

Once verified, the loan for marriage amount will be credited to your account within 24 hours.

How a Digital Personal Loan Can Empower You

How FIRSTmoney can empower you

Travel Personal Loan

Embark on your dream adventures with an online personal loan designed exclusively for elite travellers like you. Whether you're planning a luxurious getaway, an exotic expedition, or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality.

With competitive rates and flexible terms, a FIRSTmoney smart personal loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel personal loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

Advantages of a FIRSTmoney smart personal loan for travel expenses:

  • ► Get your FIRSTmoney loan approved enjoy your travel the way you want with instant access to cash
  • ► Attractive fixed interest rate (on a monthly reducing basis), starting at 10.99 % p.a. 
  • ► No need for collateral or security deposit to set up a loan
  • ► By responsibly managing your personal loan, you can enhance your credit profile, opening doors to even greater opportunities for future travel endeavours

Emergency Personal Loan

In times of financial emergencies, FIRSTmoney smart personal loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan allows you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies:

  • ► Effortless online application process with complete digital verification - apply in 2 easy steps for an emergency personal loan online
  • ► Get the loan amount credited promptly to your bank account on the same day
  • ► No collateral requirement for emergency personal loans
  • ► Flexible loan repayment tenure of up to 60 months
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting from 10.99% p.a. only
  • ► Safeguard your financial stability with this personal loan in the face of emergencies

Wedding Personal Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney smart personal loan allows you to maintain financial stability as you start a new chapter of your life. Here's how our loan can add value to your special day:

  • ► From venue rentals to catering costs and everything in between, FIRSTmoney offers up to a ₹10 lakh personal loan, allowing you to cover all aspects of your wedding expenses with ease
  • ► Completely paperless, quick and digital personal loan application process
  • ► Attractive fixed interest rate (on a monthly reducing basis) commencing at 10.99% p.a. only
  • ► No need for collateral or security
  • ► Enjoy flexible loan repayment terms extending up to 60 months

Medical Personal Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. With a FIRSTmoney smart personal loan, you have the financial flexibility to explore various treatment options, including specialists, alternative therapies, or out-of-network providers, ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies. Here's how:

  • ► Can supplement   your insurance for medical expenses
  • ► Cover unforeseen costs, such as ambulance fees, hospital stays, surgeries, and specialized treatments
  • ► Access funds anytime, anywhere to address medical bills, treatments, and medications without delay
  • ► No need for collateral or security to apply for the personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.
  • ► Tailor your payments to fit your budget and financial capabilities, providing additional peace of mind during a challenging time

Home Improvement Personal Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and a personal loan can be a reliable solution. Manage and plan your home improvement expenses depending on your needs with FIRSTmoney, our smart, instant personal loan. Apply for a personal loan online and get approved instantly on meeting the eligibility criteria. 

  • ► Can act as an additional financial aid to your home loan
  • ► Can serve to pay for renovation and expenses in parts
  • ► Access funds instantly
  • ► No need for collateral or security to apply for this personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.

  

Instant Personal Loan Fees and Charges Instant Personal Loan Fees and Charges

Personal Loan for Wedding - Fees and Charges

Enjoy competitive interest rates and minimal charges

Frequently asked questions

What is a marriage loan?

A marriage loan is a type of personal loan specifically designed to cover wedding-related expenses like venue booking, catering, jewellery, clothing, and more. With FIRSTmoney, you can access loans up to ₹10 lakhs with the ability to avail more funds easily with just a few clicks, to meet additional cash requirements.

How much marriage loan can I get?

The amount of a marriage loan depends on factors such as your income, credit score, and repayment capacity. FIRSTmoney offers loans of up to ₹10 lakhs for meeting marriage expenses.

How to calculate marriage loan EMI?

You can calculate your marriage loan EMI using an online EMI calculator. Input the loan amount, marriage loan interest rate, and tenure to get an accurate EMI figure.

What documents are required for a wedding loan?

You will need your PAN card to complete the video KYC process during your marriage loan application. The process is entirely digital and paperless.

What is the interest rate on a marriage loan?

The marriage loan interest rate with IDFC FIRST Bank starts at 10.99% per annum, depending on the loan amount, tenure, and your credit profile.

What is the interest rate for a marriage loan?

The personal loan interest rate for a marriage loan from IDFC FIRST Bank start at 10.99% per annum. However, the exact rate may vary depending on factors like your credit history, income, and chosen loan tenure.

What are the eligibilty criteria for a Marriage Loan?

To be eligible for a marriage loan, applicants must be aged between 21 to 60 years. A minimum credit score of 730 is required to qualify for the loan. Additionally, applicants should have a stable income source, either as a salaried employee or self-employed, and must provide proof of income and employment.

What is the salary requirement to get a marriage loan?

The minimum salary requirement typically starts at around ₹15,000 per month. This requirement may vary based on the applicant's profile, credit history, and overall financial stability. Higher income levels may also qualify you for larger loan amounts.

What is the Processing Fee for a marriage Loan?

The processing fee for a marriage loan at IDFC FIRST Bank is up to 2.0% of the loan amount. This fee is non-refundable and is charged at the time of loan disbursement. It's advisable to check with the bank for any promotional offers that might reduce this fee.

What is the repayment tenure for a marriage loan?

The repayment tenure for a marriage loan can range from 9 to 60 months, allowing borrowers to choose a tenure that best fits their financial situation. Flexible repayment options can help manage monthly budgets effectively, and early repayment options may also be available without penalties.

More FAQs