Marriage Loan

If you're planning a wedding and need financial assistance, marriage loans available on Bajaj Markets can help you cover the expenses. With loan amounts of up to ₹50 Lakhs, you can manage costs like venue booking, catering, and more. These loans are offered by over 20 lenders on the platform, giving you access to multiple options in one place. You can compare offers and apply for a loan directly through Bajaj Markets, making the process simple, quick, and convenient.

Here are some essential details about marriage loans available on Bajaj Markets that you should know about:

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

*Disclaimer: The rates mentioned are subject to change at the lender’s discretion.

To qualify for a wedding loan, ensure that you meet the following marriage loan eligibility parameters:

• You need to be a minimum of 18 years of age when getting a marriage loan
  

• You need to have a CIBIL score of 600 or more
  

• You should earn a minimum of ₹10,000 a month
  

• You should either be self-employed or a salaried individual with work experience of at least 1 year

Submit the following documents to apply for a personal loan for a wedding:

• Identity Proof

  • Aadhaar card

  • Voter ID

  • Passport

  • PAN card

  • Driving licence

• Address Proof

  • Driving licence

  • Passport

  • Aadhaar card

  • Rental agreement

• Bank account statements or salary slips of the last 6 months (for salaried applicants)

• Income tax returns for the last 2 years (for self-employed applicants)

Here are some simple steps to follow to apply for a personal loan for marriage on Bajaj Markets:

• Click on the ‘CHECK OFFER’ option on this page

• Provide your personal and professional details

• Select the lender of your choice from the list provided

• Enter the required loan amount and your preferred tenure

• Verify the information provided and submit the loan application

After this, your chosen lender’s representative will reach out to you to further process your loan application.

Here are some tips and tricks to keep in mind before applying for a marriage loan:

• Budget: Before applying, make a comprehensive budget for all wedding expenses, including venue, catering, decor, and miscellaneous costs. This helps you determine the exact loan amount required.

• Hidden Costs: Wedding expenses often include last-minute or hidden costs like taxes, service charges, or vendor overtime fees. Account for these in your loan amount to avoid surprises.

• Post-wedding Expenses: Beyond the wedding, there might be additional expenses like a honeymoon or setting up a new home. Consider these when calculating the loan amount.

• Loan Amount: It’s tempting to borrow extra for lavish expenses. However, keeping within your budget ensures you're not burdened with debt long after the wedding. Stick to a loan amount that aligns with your repayment capacity, considering your financial situation and upcoming expenses.

• Repayment Options: Choose a loan tenure that gives you flexibility. Longer tenures may offer lower EMIs but a higher total repayment amount. Meanwhile, shorter tenures lead to quicker repayment but higher EMIs, helping you save on interest costs.

• Interest Rates and Fees: Marriage loans may come with processing fees, so compare lenders on Bajaj Markets to find the best interest rates and minimal hidden charges.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.