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What is a Marriage Loan?

A Marriage Loan is a type of personal loan designed to help individuals manage wedding expenses without financial stress. Whether you're planning an extravagant wedding or a simple ceremony, this loan provides quick funds with flexible repayment options. With minimal documentation and hassle-free approval, you can secure financing for venue bookings, catering, jewelry, travel, and other wedding-related costs. Since it's an unsecured loan, there's no need to pledge collateral. Get attractive interest rates on personal loan for marriage, ensuring that your special day is financially manageable.

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Features of a Marriage Loan

Collateral-Free Loan

No need to pledge assets; loan approval is based on eligibility.

Flexible Repayment Options

Choose a tenure that suits your financial situation.

Quick Sanction & Disbursal

Get funds quickly to plan your wedding without delays.

Competitive Interest Rates

Enjoy attractive rates that make repayments affordable.

Facility to Add a Co-Applicant

Improve loan eligibility by adding a spouse or family member as a co-applicant.

Reasons To Get a Marriage Loan from ABC

Collateral-free

There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!

Flexible Repayment Period

Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.

Predictable EMIs

With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments

Quick Sanctions

Get the funds transferred to your account within 24 hours of application.

Facility to add a co-applicant

You can increase your eligibility by adding a co-applicant to the wedding loan. For a grand celebration, you can get a higher loan amount.

Interest Rates Available for
Wedding Loans

Find out the interest payable on the wedding loan to plan your repayments effectively.

image Loans up to 12 months
Loan Type Interest
The Short Term Reference Rate (STRR) 19.45% p.a. w.e.f.from March 1, 2024
image Loans more than 12 months
Loan Type Interest
The Long Term Reference Rate (LTRR) 20.45% p.a. w.e.f. from March 1, 2024

Who Can Apply For Marriage Loan?

Find out if you are eligible for applying for a wedding loan

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Salaried

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Self-employed Professional

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Self-employed Non - Professional

How to Apply for a Marriage Loan

1step

Check Your Loan Eligibility

Use an eligibility calculator to estimate your chances of approval.

2step

Compare Loan Offers

Check interest rates, tenure, and terms before applying.

3step

Submit Required Documents

Upload necessary KYC and income proof online.

4step

Loan Approval & Disbursement

Once approved, funds will be disbursed quickly to your account.

Eligibility Criteria for Marriage Loan

Are you eligible for a wedding loan? Check whether you meet the criteria.

Documents Needed

  • Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
  • Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
  • Bank statement where income is credited Last 6 months
  • Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16


Disclaimer - All loans will be at the sole discretion of ABCL.

Eligibility criteria

Nationality
Minimum age
Maximum age
Credit Score
Employment
Indian citizen
21 years
60 years*
750+
Salaried

* A higher age limit is applicable at the time of loan maturity.

Note - This is an indicative list that may change based on your actual loan application.

Fees and Charges for Wedding Loans

Charge Type Amount
Cheque Return charges ₹500 + GST per instance
Default Penal charges 3% of the pending amount per month
Charges for cancellation of Loan 4% of loan amount disbursed + applicable taxes
CIBIL report retrieval fees ₹100 + GST per instance
Charge for Exchanging PDCs / ECS ₹750 + GST per instance
Loan reschedule charges ₹5000 + GST per instance
Stamp Duty As per Actual if applicable
Insurance Premium As per Actual, if applicable
Pre-closure Quote ₹1000 + GST per instance
Any other charges As per Actual, if applicable
Part - Pre-Payment Charges Charges:

A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year
B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed

Conditions:

A) No pre-payment is allowed in the first 6 months from the date of disbursement
B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs.
C) Part-prepayment is allowed only once in the first year of loan tenure.
Foreclosure Charges 4% of the Principal outstanding amount + GST

Condition:

Foreclosure is allowed only after 12 months from the date of loan disbursal.

ABC Of Calculators

PERSONAL LOAN AMOUNT
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)
I CAN PAY EMI OF
Tenure (1 to 30 Years)
Rate of Interest (7 to 11%)

Your estimated EMI amount

0

Total Interest

0

Total Payout

0
CURRENT AGE
MONTHLY INCOME
YOUR CURRENT MONTHLY OBLIGATIONS

You are eligible for a loan of

0*
For a tenure of0 years

EMI @ 9% Interest Rate

0*

BALANCE TRANSFER LOAN

Transfer your existing loan to us for lower interest rates
  • Personal Loan
    Reduced Interest Rates.
  • Personal Loan
    Lower Monthly Payments.
sns

TOP UP LOAN

Secure additional funds at exceptional interest rates
  • Life Insurance
    Easy application process
  • Life Insurance
    Borrow up to 80% of property value
sns

Different financial needs, different loans,
one app - ABCD

For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.

  • Life Insurance
    Range of loan options for different needs 
  • Life Insurance
    Quick sanctions and disbursals

Scan the QR code to download our Mobile App

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Customer Satisfaction Stories

Hear from our happy customers what they have to say about their experience with us.

Hear What The Experts Have To Say

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Hear What The Experts Have To Say
Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Hear What The Experts Have To Say

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Hear What The Experts Have To Say
Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.

For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.

 

The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.

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FAQs on Marriage Loan

The wedding loan in India is a multipurpose loan that can cover wedding-related expenses as well as any other financial needs.

The maximum loan amount would depend on your eligibility parameters. You can use the online eligibility calculator to find out the maximum amount that you can borrow with a Personal Wedding Loan.

Yes, you can visit the nearest branch of Aditya Birla Capital and apply for the Wedding Loan offline.

Yes, you can apply for a Personal Wedding Loan with your fiance as a co-applicant. In fact, adding a co-applicant would increase your eligibility, and you might be able to get a higher loan amount.

You can cancel or postpone your wedding after taking the loan. It would not affect the loan and its repayment. You can also use the loan for any other financial need that you might have.

Aditya Birla Capital offers online EMI calculators that help you calculate the EMI of a Personal Marriage Loan and ensure that it is affordable.

Yes, a woman can also take a loan for her wedding, provided she fulfils the eligibility parameters specified by the lender.

The factors affecting the interest rates on wedding loans in India are as follows -

• The lender’s interest rate policy
• The macro rates
• Your credit score

A marriage or wedding loan is a type of personal loan available to fund wedding-related expenses. It is an unsecured loan that can be obtained easily and used for any financial needs that you might have.

You can apply for a marriage loan in India online or offline. You can visit the website or mobile application of Aditya Birla Capital for the online mode. You can visit the company’s nearest branch office for the offline mode and apply physically.