Personal Loan For Wedding Loan

Personal Loan for Marriage

The happiest event in everyone’s life where years of dream come together bringing two families into a new beginning. Make the moment memorable by grand arrangements. It might be the costumes, location, gifts, jewels, food and welcome dances.

For that the best option could be Wedding loans.

It is one kind of personal loan which people adopt for wedding related expenses.

Plan your wedding arrangements without leaving anything behind by applying for a wedding loan with low interest rates.

Features of Personal Loan for wedding

You can use the Personal loan for wedding related expense, including catering, decoration, venue booking and other costs associated with ceremony

Following are the features you need to know:

1. Marriage loans usually vary with loan amount depending on your creditworthiness and lender’s policies.

2. The marriage loan term which you repay can vary from 1 to 5 years. Some lenders may extend it further.

3. Your loan is approved quickly and you can receive the funds within a few business days.

4. Interest rates for personal loans can be fixed or variable depending on your credit score and financial history. i.e. Higher the credit score, lower the interest rate and better loan terms.

Eligibility Criteria for Marriage Personal Loan

Before applying for a marriage loan, consider these common eligibility factors that lender considers

1. Your age must be at least 21 years old to apply for a wedding loan.

2. You should have a minimum amount of income to repay the loan.

3. You should have a credit score of 750 and above as it increases the chances of loan approval and prefers better interest rates.

4. You should be a citizen or have a valid visa in the country where you’re applying for the loan.

5. You should have proof of identity and address including your passport, tax returns and bank statements.

Documents Required for Wedding Personal Loan

When you’re applying for a wedding personal loan, it is mandatory to provide documents to lenders.

The requirements vary depending on the lender and your location.

Here are the documents you need to provide: