Personal Loan for Marriage: How to Apply, Eligibility, Interest Rate and Benefits
Written by Mariyam Sara
2 min read | Updated on November 25, 2025, 18:54 IST
All Indian weddings come with bigger and fatter expenses. If your wedding budget is insufficient to make your dream wedding come to life, you can avail a personal loan.
Personal loans are unsecured loans that require no collateral and can be availed instantly. It is a favourable option for individuals needing immediate funds to cover their wedding expenses. Here’s everything you need to know about availing a personal loan for marriage.
Interest Rates on Personal Loans for Marriage
Interest rates on personal loans vary among different lenders and are decided based on your credit score and payment history. If you have a good credit score and payment history, you get negotiating power on the interest rates of personal loans.
Many lenders offer personal loans with better terms and interest rates to candidates with a credit score of 750 or higher. Hence, make sure you have a good credit score before applying for a personal loan.
Benefits of Using a Personal Loan for Marriage
Here are the benefits of using a personal loan for marriage
Convenience
Digital personal loans can be availed online, making it convenient for brides and grooms in urgent need of financial aid to cover last minute expenses. You can skip the bank visits and complex paperwork and avail a personal loan from the comfort of your home.
Quick Loan Approval & Disbursement
Since the end-to-end loan process is done online, your personal loan applications are approved and disbursed quickly which is crucial for cover your last minute wedding expenses.
Minimum Documentation
Digital loans require lesser documentation and perform digital verification, eliminating the need for extensive paperwork so you can get your loan as soon as possible.
Flexible Repayment
When you avail a digital personal loan, you have the option to choose interest-only EMIs and step-up EMIs, where your EMI payments gradually increase. This helps you plan your repayment strategy so you can repay your EMIs stress-free.
No Collateral Needed
When you take a personal loan for marriage, you don’t have to worry about reserving any collateral.
How to Apply for a Personal Loan for Marriage?
Follow the steps below to apply for a personal loan for marriage.
Determine the Loan Amount
Determine the loan amount based on the wedding expenses falling out of your budget. Borrow only what you need to avoid paying unnecessary EMIs.
Evaluate Different Lenders and Their Offers
Different lenders have different eligibility requirements and offers. Evaluate different lenders by comparing the interest rates, processing fees, and terms. Choose a lender whose offer suits your financial needs.
Apply For a Loan
You can apply for a personal loan online or offline, depending on your lender. If you opt for an online personal loan, apply for a loan on the lender’s web portal or mobile application. Fill out the application form and provide all necessary details accurately to get your loan approved quickly.
Submit Documents
Submit all the required documents and ensure they are complete and accurate. If a document is missing, your loan application may be rejected or delayed.
Approval and Loan Disbursal
The lender will verify the information you provided and review your loan application. On approval, the loan amount will be disbursed to your bank account instantly.
Personal loans are suitable for people facing financial emergencies or require a loan without having to reserve a collateral. Personal loan for marriage can assist in bringing your dream wedding to life.
About Author
Mariyam Sara
Sub-Editor
holds an MBA in Finance and is a true Finance Fanatic. She writes extensively on all things finance whether it’s stock trading, personal finance, or insurance, chances are she’s covered it. When she’s not writing, she’s busy pursuing NISM certifications, experimenting with new baking recipes.
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