Interest Rate
Starting from 19% to 30% per annum
Marriage Loan EMI Calculator
Get Approval for Marriage Loan in 10 Minutes
Indian families start saving money early for their children’s marriage. However, wedding expenses often exceed the budget, forcing individuals to compromise on their dreams. You don't need to worry about that, as a loan for marriage is available from Hero FinCorp to cover you financially. With a marriage loan amount of Rs 50,000 to Rs 5 Lakh, you can cover unexpected expenses without stressing your finances.
At Hero FinCorp, you may obtain a Personal Loan for marriage at competitive interest rates starting at 19% per annum. Choose a tenure of 12 to 36 months to repay the loan in easy EMIs.
Interest Rate and Charges for Marriage Loan
With a good financial history, credit companies and financial institutions offer competitive interest rates on Marriage Loans. An affordable interest rate makes EMIs affordable and easy to repay. Marriage is one affair that involves multiple expenditures at the same time. Hence, it is advisable to consider the prevailing interest rate to derive a suitable EMI.
How to Apply for Marriage Loan Online Through Hero FinCorp
Here is how you can apply for a Personal Loan for marriage through Hero FinCorp:
- 1
Visit the Hero FinCorp website.
- 2
Register your mobile number for OTP verification.
- 3
Enter your desired loan amount, tenure, and set your EMI.
- 4
Complete the KYC document verification.
- 5
After verification, the loan amount is disbursed within 24 hours.
Marriage Loan Eligibility Criteria
The eligibility criteria may vary from lender to lender, but at Hero FinCorp avail personal loan considering the following factors:Documents necessary for wedding personal loan are mainly the KYC details - Aadhar card or Smart Card Driving License , PAN card, and Photo ID, salary details if employed and 6 months bank statements as an income proof.
Documents Required for a Wedding Loans
Here are the essential documents needed to apply for a wedding loan, ensuring a smooth and quick process.
Salaried
Loan Application
Duly filled form and passport-sized photo
Identity Proof
Driving Licence, Passport, PAN Card (mandatory), or Aadhaar Card.
Residence Proof
Driving Licence, Passport, Aadhaar Card, Ration Card, or Utility Bill.
Residence Ownership Proof
Electricity Bills, Maintenance Bills, or Property Documents.
Income Proof
Last 3 months’ salary slips, 6 months’ bank statement, Form 16.
Job Continuity Proof
Appointment letter or Experience certificate.
Self-Employed
Loan Application
Duly filled form and passport-sized photograph.
Identity Proof
Driving Licence, Passport, PAN Card (mandatory), or Aadhaar Card.
Residence Proof
Driving Licence, Passport, Aadhaar Card, Ration Card, or Utility Bill.
Office Address Proof
Maintenance Bill, Utility Bill, Property Documents, or Rent Agreement.
Income Proof
Last 6 months' bank statement and ITR for the last 2 years.
Business Existence Proof
Tax Registration, Shop Establishment Proof, or Company Registration Certificate.
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Frequently Asked Questions (FAQs)
The paperless documentation and real time verification of loan application online has reduced the sanction period for marriage loan.
A minimum starting income of Rs.15,000 is valid to apply for marriage personal loan
Being an Indian citizen, holding a stable profession, earning at least 15000 rupees per month and submitting the mandatory documents are the basic requirements of acquiring a marriage loan
This depends from lender to lender. Pre-payment of marriage loan or early payment of loan EMIs is often followed by a penalty for the borrowers. Hence, do read about the prepayment policies before initiating it.