Personal Loan for Wedding Expenses: Benefits & Documents Required

A wedding is one of the most beautiful and memorable events in an individual’s life. You may wish to make this special moment dreamy and unforgettable. But turning your dream wedding into a reality requires considerable funds to cover the pre- and post-wedding expenses. This includes spending on venue, pre-wedding shoot, catering, ornaments, return gifts, honeymoon, etc. Thanks to a Personal Loan for wedding expenses, now your picture-perfect wedding is no longer a distant dream. 

Read on to know the benefits of a marriage loan, eligibility, documents required, and how to apply!

Benefits of a Personal Loan for Wedding

The benefits of a Personal Loan for wedding are:

1. Sizeable Funds at Your Disposal: A Personal Loan offers enough funds to manage multiple wedding-related expenses. With a high loan amount, you can do a romantic and magical pre-wedding shoot, book a royal wedding destination, hire the best caterers, etc.

2. Longer Repayment Tenure: Several NBFCs offer Personal Loan for wedding with flexible repayment tenures. This means you can choose tenure according to your financial comfort and repay the debt with manageable EMIs.

3. No End-use Restrictions: A Personal Loan enables you with the flexibility to use it for various pre- and post-wedding expenses without any restrictions.

Personal Loan for Pre-Wedding Expenses

You can use a Personal Loan for pre-wedding expenses like:

• Pre-wedding Shoot: A pre-wedding photoshoot requires funds for the photographer's or videographer’s fee, location costs, costume costs, make-up artist fees, etc. Taking a Personal Loan may be helpful to cover all such pre-wedding shoot expenses without straining your savings.
• Guest Accommodation: Managing accommodation for all your guests during wedding ceremonies can be challenging. You may need to arrange hotels for their stay and caterers to ensure their meals are taken care of. A Personal Loan offers you the required funds to fulfil this purpose. 

Personal Loan for Post-Wedding Expenses

A Personal Loan can be used for post-wedding expenses, such as:

• Reception Party: After the wedding, organizing a reception party is one of the most expensive events. You may need funds to book the wedding venue, caterers, videographers, decorators, etc. A Personal Loan offers a high loan amount to manage all these expenses.
• After Party Expenses: Once the celebrations are over, you may still need to pay for several expenses, such as return gifts for guests, preserving the wedding outfits, cleaning the house, the wedding license, any remaining vendor payments, etc. You can complete all these post-wedding rituals with a Personal Loan.
• Honeymoon Expenses:  A Personal Loan provides funds for your desired honeymoon trips in India or abroad. It can help you enjoy your trip without stressing about travel, accommodation, food, and adventure expenses.
• Building a New Household: Establishing a new household requires buying a house, creating a new living space, purchasing furniture and appliances, etc. A Personal Loan offers you substantial funds for such purposes.

Personal Loan for Wedding Eligibility Criteria

• Age: You must be between 22 to 57 years old.
• Employment: You must have a full-time job in the Central Govt, PSU, MNCs, etc.
• Work Experience: You must have a minimum of one year of total work experience, with at least one month with your current employer.
• Income: Your monthly income must be at least Rs.30,000 per month.
• Citizenship: You must be a citizen of India.

Documents Required for Personal Loan for Wedding

• Identity Proof - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
• Income Proof - Salary slips of last 3 months along with bank statement for past 3 months.
• Address Proof - Rent agreement/utility bills/passport.
• Employment Proof - ID card/official email ID

Also Read - Useful 9 Tips to Plan A Perfect Wedding

How to Get a Personal Loan for wedding

You can apply for a Personal Loan for wedding with these 3 easy steps from Poonawalla Fincorp:

• Step 1: Visit our website and click ‘Apply Now.’ 
• Step 2: Fill out the application form.
• Step 3: Upload the documents to complete the application.

On successful verification, the loan will be transferred to your bank account.

Also Read - How To Deal With Unexpected Wedding Expenses?

To Conclude

Getting a Personal Loan may be an ideal solution to cover pre- and post-wedding expenses without hassle. Whether you need funds for the perfect pre-wedding shoot, venue, grand events, or building a household together, a Personal Loan can provide the flexibility to fulfil all your financial needs. Trusted NBFCs like Poonawalla Fincorp offer a Personal Loan of up to Rs. 30 Lakh with competitive interest rates, flexible repayment tenure and zero hidden charges. Why wait? Apply for a Personal Loan now for your happily ever after.

Disclaimer

We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply