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Ready to apply for marriage loan? Check out the list of document, interest rate, benefits and how to apply for easy loan with One Score. Read on to know more: https://www.onescore.app/blog/applying-for-marriage-loan/
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What is Marriage Loan? • Want to take a loan for to cover your wedding expenses but having trouble to decide the right lender? Don't worry we got you covered. Read the next slides to know how to apply for marriage loan, interest rate, documents required and more.
Benefits of a Marriage Loan • 1. Easy application with minimal documentation • 2. No collateral needed • 3. Quick disbursal • 4. Flexible EMIs
Eligibility Criteria for Marriage Loans • 1. Age must be between 21-60 years • 2. Income should be at least Rs.15000 monthly • 3. Must have a steady source of income • 4. Credit score of 750 & above increases your chances of getting a loan approval
How to Apply for a Marriage Loan? • 1. Make a wedding budget first and understand your loan requirement • 2. Compare different loan options and lenders • 3. Check your eligibility for the loan • 4. Enquire about foreclosure charges • 5. Review your other financial goals and plan your EMIs
Documents Required for Loan Application • 1. ID Proof such as Aadhar card/ PAN card/ Passport/ Voter ID • 2. Address Proof such as Electricity bill/ Telephone bill/ Gas bill • 3. Bank account statement for the last 3 months • 4. Latest salary slips • 5. Employment proofs • 6. Latest ITR/Form 16
Planning a wedding is an exciting yet overwhelming task, ensure you start the financial planning early on. To build your creditworth and improve your prospects for loans, download OneScore.