Personal Loan for Marriage

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Loan up to Rs 5 Lakh
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Minimum Income Required Rs 15K
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Instant Approval in 10 Minutes
Marriage Loan EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get Personal Loan for Marriage Approval in 10 Minutes

If wedding costs are exceeding your planned limit, a Personal Loan for a wedding from Hero FinCorp can help you manage this expense without the usual worries. Whether it’s upgrading your venue, improving catering services, hiring photographers, or dealing with last-minute fixes, our loan can help you make your wedding just as it was planned!

Hero FinCorp provides Personal Loans of up to Rs 5 Lakh to salaried and self-employed individuals. The loan process is simple, the documentation is minimal – you can get an approval decision in 10 minutes! You can get the required funding quickly and easily. Our interest rates are competitive, repayment tenures are flexible, and there is no need for collateral. Also, applying online is quick and easy. You can apply even with a monthly income of Rs 15,000 only.

So, why to take tension when you can get instant funds for last-minute expenses quickly in your account.

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. 

Interest Rate

Starting from 19% to 30% per annum

Loan Processing Charges

Minimum Processing fee is 2.5%+ GST

Prepayment Charges

N.A.

Foreclosure Charges

5% + GST

EMI Bounce Charges

Rs 350/-

Interest on Overdue EMIs

1-2% of the loan/EMI Overdue Amount Per Month

Cheque Bounce

Fixed Nominal Penalty

Loan Cancellation

1. Online loan app does not charge any cancellation charges

2. Interest amount paid is non-refundable

3. Processing charges are also non-refundable 

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:

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  • 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.

Eligibility Criteria for Personal Loan for Marriage

If you meet the personal loan eligibility criteria, the application process becomes much easier and smoother. Here are a few requirements you need to fulfil for instant loan online:
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Age

You must be between 21 and 58 years of age.

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Citizenship

You should be a citizen of India.

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Monthly Income

You should have a monthly income of at least Rs 15,000.

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Work Experience

Salaried applicants should have six months’ experience, while self-employed applicants should have a minimum of 2 years of experience in their business.

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

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Loan Application

Duly filled form and passport-sized photo

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Identity Proof

Driving Licence, Passport, PAN Card (mandatory), or Aadhaar Card.

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Residence Proof

Driving Licence, Passport, Aadhaar Card, Ration Card, or Utility Bill.

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Residence Ownership Proof

Electricity Bills, Maintenance Bills, or Property Documents.

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Income Proof

Last 3 months’ salary slips, 6 months’ bank statement, Form 16.

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Job Continuity Proof

Appointment letter or Experience certificate.

Self-Employed

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Loan Application

Duly filled form and passport-sized photograph.

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Identity Proof

Driving Licence, Passport, PAN Card (mandatory), or Aadhaar Card.

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Residence Proof

Driving Licence, Passport, Aadhaar Card, Ration Card, or Utility Bill.

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Office Address Proof

Maintenance Bill, Utility Bill, Property Documents, or Rent Agreement. 

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Income Proof

Last 6 months' bank statement and ITR for the last 2 years.

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Business Existence Proof

Tax Registration, Shop Establishment Proof, or Company Registration Certificate. 

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.