Are you dreaming of a picture-perfect wedding but worried about the financial strain it might bring? Say ‘I do’ to your dream wedding without compromising on extravagance by exploring the option of a Wedding Loan. This specialised financial solution is designed to ease the financial burden of your special day, allowing you to celebrate love and commitment without any compromises. A wedding loan can give you the money you need to fulfill your dreams of a luxurious wedding, exquisite attire, or a dreamy honeymoon. Discover how you can fund the wedding of your dreams and create memories that last a lifetime with the help of a Wedding Loan.
Benefits of Wedding Loan
Versatile Expense Coverage
A Wedding Loan provides the flexibility to fund a range of wedding-related expenses, including venue bookings, catering, decor, attire, and more.
Easy Approval
Wedding Loans are typically sanctioned quickly and with minimal paperwork, making the process convenient during busy wedding preparations.
No Collateral Required
The fact that wedding loans are unsecured and don’t require collateral or the pledge of any assets as security is one of their many benefits.
Efficient Disbursal
The loan disbursal process is swift and hassle-free, ensuring you have access to the funds you need in a timely manner to meet your wedding expenditures.
Convenient Online Application
Applying for a Wedding Loan is made easy with the availability of online application platforms, allowing you to apply from the comfort of your home and save time.
Manageable Repayment
Wedding Loans typically offer flexible repayment options with easy monthly instalments (EMIs) over a specified loan tenure, ensuring that the repayment is manageable and within your financial capacity.
Eligibility Criteria for Wedding Loan
Applicant age
The applicant must be between the ages of 21 and 58, the maximum age permitted at loan maturity, at the time of loan application.
Work experience
At least two years of work experience is required, with at least two months of consistency with the current company.
Income
The candidate must earn at least Rs. 30,000 in net monthly income.
Employer category
The applicant must be employed full-time by a corporation, LLP, private or public limited company, or other similar organisation.
Citizenship
Only Indian citizens are eligible for personal loans.
Credit score
Lenders normally require a credit score of 750 or higher in order to approve a borrower for a personal loan.
To improve their credit score, people should avoid payment defaults, maintain a low credit utilisation ratio, and make their loan repayments on schedule.
Documents Required to Avail Wedding Loan
Identity Proof
- PAN card
- Aadhaar card
Address Proof
- Electricity bill, rent agreement or Indian passport
Income proof
- Most recent salary slip for the month from the present employer
Bank account statement
- Last three months’ original bank statements in PDF format.
Employment proof
- Offer letter
- Monthly salary slip
- Copy of the employment contract
How to Apply for a Wedding Loan
- Visit LoanTap’s official website or download the app.
- On the home page, click on the ‘Apply Now’ tab to apply for a Wedding loan.
- Select your employment profile. Choose if you are a business owner, an employee, or a self-employed individual.
- Select the purpose of your loan, like a wedding loan.
- Fill in your current city of residence and email address.
- Enter all other relevant data, such as monthly income, loans that are active (if any), and the type of current residence.
- Upload the required documents, such as bank statements, salary slips, and ownership papers for properties, etc.
- Enter your PAN Card number and birthdate.
- When you have entered all the required information, it will be reviewed, and if it’s approved, your loan amount will be sanctioned immediately.
Conclusion
Realising your dream wedding is now within reach with LoanTap’s Wedding Loan. From the elegance of your outfit to the grandeur of the venue, this financial solution ensures your special day remains unforgettable without financial strain. The path to your dream wedding can become a reality with LoanTap as we have a simple online application process and quick disbursement. Moreover, the convenient repayment options make funding your perfect day a stress-free experience. Choose LoanTap’s Wedding Loan and transform your wedding dreams into a beautiful reality.
