Marriage Loan – Apply for Personal Loan for Marriage

Do you have a wedding coming up? Congratulations!
Indian weddings are extravagant affairs that involve several days of festivities and celebrations. With all rituals and social engagements, weddings can get expensive, and the costs can easily spiral out of budget. This is when you may contact us for a Personal Loan for Marriage.

 

Everyone has a wishlist for their wedding. Spectacular décor, gorgeous rings, perfect venue, great outfits, and others- you can have all of these and more with a Marriage Loan from Clix Capital. We at Clix Capital offer specially designed marriage loans that you can take to cover any of your wedding-related expenses. These are unsecured loans that you can get without any collateral, security, or guarantor, and repay the borrowed amount in easy EMIs spread across the flexible repayment tenure you select. The application process is 100% online and paperless. If everything goes smoothly, you may get your loan approval in as little as 15 minutes*.

 

Our Personal Loan for Wedding is just the perfect financial source to fund your wedding-related expenses. So, whether you are booking your venue, caterer, make-up artist, or photographer, or shopping for your wedding dress or jewellery, we have you covered.

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Home Loan

Don’t let money be a constraint in your dream wedding plans. Calculate your expenses and decide the loan amount you want to borrow. Then, go ahead and apply for a Marriage Loan from your smartphone or PC at your convenience.

 

 

Marriage Loan Details

Loan Amount Up to ₹ 10 lakhs
Loan Tenure 12 to 48 months
Interest Rate Variable
Processing Fee Based on the loan amount

 

 

Uses of a Marriage Loan

As its name suggests, you can use a Personal Loan for Marriage to cover any marriage-related expenses you come across, including the following:

 

 

Venue Booking: Use the loan amount to book the venue of your choice.

 

 

Decorations: Once you book the venue, there can be separate charges for decorations. You will also need decorations if you are arranging your wedding in your house, terrace, or an open location nearby. Your loan amount can help you pay for the decorations with ease.

 

 

Catering: Serving good food to the guests is important. Use your loan amount to dine your family and friends and make it a memorable event.

 

 

Outfit: Designer clothes are expensive, but a Marriage Loan can take care of their price.

 

 

Honeymoon: Going to your dream destination with your partner makes the occasion even more special. Your loan amount can help you fulfil your wish without compromising on the things to do and location.

 

 

Photographer: Wedding photography is expensive, especially when hiring top-notch, experienced photographers to click memorable pictures of your event. A loan can help you hire the best photographer in town.

Simply put, you can make your dream wedding come true by paying for anything using your loan amount.

 

 

Features and Benefits of a Marriage Loan

Ample Loan Amount: At Clix Capital, we offer Wedding Loans of up to ₹ 10 lakhs, which you may use to cover any of your wedding-related expenses.

 

 

Competitive Interest Rates: We offer Wedding Loans for your marriage expenses at competitive interest rates.

 

 

Flexible Tenure: Once you get your Wedding Loan, you may choose a repayment tenure of 12 to 48 months according to your repayment capacity.

 

 

No Collateral Required: Our Wedding Loans are unsecured, which you can avail of without any collateral, security, or guarantor.

 

 

No End-Use Restrictions: You may use your approved loan amount for any wedding-related expense you want, whether to cover the costs of the venue, decorations, outfit, jewellery, caterer, photographer, or anything else.

 

 

Online Application: You can apply for a Wedding Loan completely online without visiting our office even once. Just fill out our online application form and provide a few details to apply for our Marriage Loan.

 

 

Fast Approval: Easy online application and documents verification procedures accelerate the scanning process, due to which you can get your loan approval in as little as 15 minutes*.

 

 

Marriage Loan Eligibility

We have simple eligibility conditions that anyone can fulfil easily. To apply for a Personal Loan for Marriage, you need to fulfil the following conditions:

    • You should be 25 to 58 years of age
    • You must be a citizen of India
    • You should be a salaried individual drawing a salary of at least ₹ 25,000 every month
    • You should be working with your current employer for at least 6 months, and you should have a total work experience of at least 12 months

Apart from these Marriage Loan eligibility conditions, we also check your credit score to determine your creditworthiness. If you have a decent credit score, we can approve your loan application without much ado.

 

 

Significance of Credit Score for a Marriage Loan

We give utmost importance to your credit score to determine your credibility since it dictates your repayment history and other credit behaviour. Usually, we check your credit score while scanning your loan application and decide your loan amount and interest rate based on that. Therefore, don’t forget to check your credit score before applying for a Wedding Loan. If it is lower than required, use these tips to improve it and then apply:

    • Stay consistent with your loan EMI and credit card bill payments
    • Pay off your existing loans to reduce your debt-to-income ratio
    • Use your credit card minimally to reduce your credit utilisation ratio
    • Diversify your credit portfolio with different types of secured, unsecured, short-term, and long-term loans
    • Maintain your old accounts to prolong your credit history

 

 

Documents Required for a Marriage Loan

If you fulfil our Marriage Loan eligibility criteria, you need these documents to apply for our Wedding Loan:

    • Duly filled online application form
    • Recent passport size photograph
    • Identity proof like Aadhaar Card or PAN Card, or government ID for government employees
    • Address proof like Aadhaar Card, Voter ID, passport, driving license, etc.
    • Income proof, including your last month’s payslip or current year’s Form 16

We offer a 100% paperless documentation procedure that you can complete from your home within minutes. If your KYC is updated with your Aadhaar and PAN, you don’t need to submit or upload your documents anywhere. You can get them verified online simply by providing your KYC details. This facility not only makes the entire procedure paperless and hassle-free but also saves time to get fast approval.

 

 

How to Apply for a Marriage Loan

Here is the stepwise procedure to apply for a Personal Loan for Marriage at Clix Capital:

    • Check your credit scoreand ensure that it is more than 725 as per Experian
    • Fill up the online loan application form
    • Get your loan documents verified online
    • Once you receive your loan approval, accept the loan offer
    • Activate the e-mandate for regular EMI payments on time

 

 

Choosing the Right Repayment Tenure of a Marriage Loan

Once you get your loan approval, the time comes to pay it back. You can easily manage your loan EMIs by selecting the right repayment tenure. We offer repayment tenure of 12 to 48 months. You can use our Marriage Loan EMI Calculator to calculate the EMIs you have to pay every month as per your loan amount and repayment tenure selected. Depending on the EMI amount you get, you can adjust the loan tenure to increase or decrease the EMIs.

Remember, the longer loan tenure you choose, the smaller will be the EMIs, but you will end up paying a higher interest outgo than usual. On the contrary, if you choose a shorter loan tenure, the EMI amount may be bigger, but you will get rid of your loan quicker and also save some amount on the interest outgo. Therefore, you can select a repayment tenure according to your monthly budget and repayment capacity using our Marriage Loan calculator.

 

 

FAQs

What kind of loan is a Marriage Loan?

A marriage Loan is a type of Personal Loan that is unsecured and does not have any end-use restrictions. It is a Personal Loan that you take for the purpose of funding your wedding-related expenses.

 

 

What is the difference between a Personal Loan and a Marriage Loan?

A Personal Loan comes with flexible end-usage that you can use for any purpose, including a wedding, home renovation, medical emergency, debt consolidation, vacation, or education. However, a Marriage Loan is specifically designed to cover the costs of a wedding.

 

 

What wedding-related expenses can I cover with a Wedding Loan?

We do not put any restrictions on how you can use your approved loan amount. Once you receive your approved funds, you can use it to cover any wedding-related expenses, including wedding shopping, invites, catering charges, venue booking, make-up artist, honeymoon, hotel room, decorations, photographer, or others.

 

 

How much loan amount can I get for my wedding?

We offer Wedding Loans of up to ₹ 10 lakhs. However, the loan amount sanctioned to you depends on your Marriage Loan eligibility, documents, income, employment, debt-to-income ratio, credit score, and repayment capacity.

 

 

I have a sufficient amount in my savings. Should I still take a Marriage Loan?

A wedding is a considerable expense that you should not fund from your savings. While starting a new life, you will need your savings for several other expenses. A Personal Loan for Marriage allows you to distribute the wedding-related costs in easy EMIs that you can repay through the loan term.

 

 

Are there any restrictions on how I can use my loan amount?

A Wedding Loan is specifically designed to cover the costs of your wedding-related expenses, including your shopping, venue booking, catering, photography, decorations, outfit, and others.

 

 

Should I choose the longest possible or the shortest possible repayment tenure?

The repayment tenure that you select largely depends on your monthly income and repayment capacity. A longer term means smaller EMIs but higher interest outgo, while a shorter tenure means smaller EMIs but reduced interest outgo. Therefore, you must choose the shortest repayment tenure with the highest EMIs you can afford. However, do not put unnecessary strain on your budget. You may use a Marriage Loan EMI calculator to find a loan term with EMIs you can easily adjust within your monthly budget.

 

 

Can I get a Wedding Loan on a low credit score?

Since a Marriage Loan is an unsecured loan, we largely depend on your credit history to determine your credibility. Only  individuals with a credit score above 725 are eligible for the loan.

 

 

Do I need to pledge any collateral for a Wedding Loan?

No. Our Personal Loan for Marriage is a collateral-free loan, which you can avail of without any collateral, security, or guarantor.

 

 

Is a Personal Loan for Marriage the same as a Personal Loan?

A personal Loan for Marriage is a type of Personal Loan only. However, the only difference is that a Wedding Loan is intended to cover expenses for a wedding only. On the other hand, you can use a Personal Loan for any of your planned or unplanned expenses, like a wedding, home renovation, medical emergency, vacation, education, or debt consolidation.

 

 

Where can I get more information about a Wedding Loan?

For any queries, you may find us on Facebook, Instagram, LinkedIn, Twitter, or WhatsApp. You can also reach out to us at hello@clix.capital or call us at 1800 200 9898

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Benefits of personal loan

What Documents Do I Need to Provide?

Completed Application Form

  • We will provide you with a run-of-the-mill application form to detail out all the information we need before processing your personal loan request.

Passport-Size Photograph

  • This photograph should be fairly recent and indicative of your current physical appearance.

Identity (ID) Proof

  • This can be either your Aadhaar Card, PAN Card, or Government ID (if you happen to be a government employee).

Address Proof

  • Your Aadhaar Card is the go-to document here. In case your current address is not updated in Aadhaar card, one certified copy of any Official Valid Document (OVD) is required. These OVDs are either your Passport, Voter ID, or Driving License.

Income Proof

  • This comes in the form of your latest one-month pay slip or Form 16 for the current year.

How Do I Apply For Personal Loan online from Clix Capital?

Fill the form
  • Fill our application form. It only takes 3 minutes to do so!
Answer your phone
  • Our customer representative will talk to you for a quick chat.
Hooray
  • Congratulations! You’re on your way to secure a personal loan!

FAQs

How do I avail a personal loan from Clix?

There’s a space at the top and bottom of this page to put in your phone number. Just provide the same and our customer representative will speak with you shortly to get a personal loan online!

What will be the tenure, down payment, EMI, and interest rate for my personal loan?

At Clix Capital, you can choose from customised repayment (EMI) and down payment options. However, the interest rate of your personal loan depends on various factors, such as the specifics of your application (including metrics like date and income). We’ll tell you the final applicable interest rate once we go through your application form and all supporting documents.

Do I need any collateral to avail a personal loan?

Not at all! There is no additional collateral or guarantors required to have your personal loan application approved.

How can I reach out to Clix for any other information on my loan?

Just call us on 0124-4545965 or 0124-3817400 between 9:30am-6:30pm from Monday to Saturday (except public holidays). Alternatively, you can also write to us at hello@clix.capital to resolve your queries around personal loan.

Sounds too good to be true?

Get in touch now and we’ll show you that simple, fast, and accessible personal loans are really possible!

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