Wedding Loans

Any salaried customer with monthly salary more than Rs 30,000 can apply online and check eligibility at https://loantap.in/wedding-loans/. You will need to fill in few basic information to know your eligibility instantly. Final loan amount is decided on the basis of your eligibility and credit checks.

LoanTap takes in account your expenses during marriage times and therefore we offer a completely flexible unsecured loan product through our Wedding Loan. Our Wedding Loan comes with interest only payment up to initial 3 months of loan tenure – with our ‘Step Up’ repayment plan. Wedding Loan also offers other repayment options like EMI Free repayment plan (Interest payment every month and bullet payments towards principal outstanding every 6 months): and Term Repayment plan (Pay equal monthly installments throughout the tenure).The decision of the final repayment plan is taken on basis of your eligibility and credit checks. This eases out your monthly cash outflow post wedding. This also provides enough time for you to settle your cash flows.

We offer Wedding Loan amounts ranging from Rs 50 thousand up to Rs 10 lakhs. Final loan amount decision is arrived at on the basis of your eligibility and credit checks. Wedding Loans are available for tenures ranging from min 6 months and up to 60 months.

We have a very quick and efficient underwriting system which ensures that a marriage loan is delivered to you on time. It usually takes from 24 to 36 working hours; provided all documentation and credit checks are in place.

We need below documents for processing your loan request- PAN, Address proof, 3 months’ pay slips, 6 month’s salary account bank statement, e-NACH mandate form. However, we might request for other documents if need arises during credit checks.

Financial requirements are huge during wedding times. So, one tends to utilize all sources of funds available. Despite every requirement, one should avoid using credit cards for high amounts. Interest rates charged on credit card outstanding amounts are usually as high as 3-4% per month. On the other hand, a wedding loan offers debt at a much lower rate and builds in financial discipline with repayments. Normally, you save at least 50% on interest outflows when you compare wedding loans with credit cards. Flexible payment of wedding loans from LoanTap gives you a buffer of interest only payment for the first five months.

Wedding Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Bangalore, Hyderabad, Chennai, Coimbatore, Mumbai, Pune, Ahmedabad, Vadodara, Raipur, Bhopal, Indore, Jaipur, Delhi-NCR, Ajmer, Lucknow, Mysore, Visakhapatnam, Kolkata, Howrah, Bhubaneshwar, Patna, Nagpur, Nashik, Rajkot, Surat and Chandigarh locations.

Processing fee for this loan is 2%+applicable taxes; on the gross loan amount sanctioned.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.

Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.