A wedding is the most auspicious and special occasion for all. A luxurious and grand wedding costs you a big amount of funds. What if you don’t have it? Finance your wedding day with a personal loan. A wedding is a dream which cannot be counted as any normal occasion. It has dreams, rituals, gathering, status and so much to show! A personal loan can help you make your wedding a grand one without compromising. A wedding day deserves no excuse at all.
How to get a wedding loan
Firstly, there is no such loan such as a wedding loan. It is the personal loan which can be used for wedding, thanks to its flexible end-user feature. A personal loan for a wedding becomes a hassle-free one with a little effort and patience. Find out how;
- Shop around: Shop around till you get the best deal. You will find the market spread with personal loan lenders, do not trust everyone. You need a little research and the right insight to make the best decision. Remember, a lot depends upon the right lender. When you have the right lender you can get the amount of your choice, repayment flexibility, and customized tenure choice. So shop around till you find the best lender.
- Make your budget: Since you are planning for a big fat wedding, consider making a budget with every little cost added. You will have a rough outline of the fund you will need to borrow. Borrowing extra or less than needed will not be a wise decision.
- Maintain your credit score: Credit score is essential when you plan to take a loan. So before you opt for you need to check your credit score. If you find it less than 650, then do work on it till you improve it.
- Online application: Once you get hold of the right lending institution, apply for the loan online along with your documents.
7 best personal wedding loan institutions
| S.No | Bank | Personal Loan Interest Rates | Processing Fee |
| 1 | SBI Personal Loan Rates | 9.60% | 1.00% |
| 2 | HDFC Bank Personal Loan Rates | 10.25% | Upto 2.50% Min ₹ 999 |
| 3 | ICICI Bank Personal Loan Rates | 10.25% | Upto 2.25% of Loan Amount |
| 4 | Kotak Bank | 10.25% | Starting from Rs.3999 |
| 5 | IDFC First Bank Personal Loan Rates | 10.49% | Upto 2.00% |
| 6 | Axis Bank | 10.49% | Rs.4,999 |
| 7 | Tata Capital | 10.49% | Upto 2.50% of Loan Amount |
| S.No | Bank | Personal Loan Interest Rates | Processing Fee |
| 8 | IndusInd Bank | 10.49% | Min 0.75% to Max 1.75% |
| 9 | Yes Bank | 10.70% | Upto 2.50% |
| 10 | Fullerton India | 11.99% | 2% |
| 11 | IDBI Bank | 12.00% | 1.00% |
| 12 | Bajaj Finserv Personal Loan Rates | 12.99% | Starting from 1.50%, Up to 3% |
| 13 | Clix Capital | 12.99% | Starting from 1.50%, Up to 3% |
| 14 | RBL Bank | 14.00% | Upto 3.5% |
| 15 | Muthoot | 14.00% | 2.5-3.5% |
| 16 | IIFL | 24.00% | 2% |
| 17 | HDB Financial | 30.00% | Upto 3% of Loan Amount |
Conclusion:
That’s all, a list of all the efficient personal loan lenders for the year 2021-22. If your wedding is in the corner this list will surely be a great help. Working on your credit score and a little research can help in an instant loan approval. Marriage should not have any compromises or excuses, fulfill every wish to get a loan online today.
