Wondering how to fund your dream wedding? We have the perfect solution for you! Avail an affordable marriage loan in India through Money View.
Given below are reasons why you should get a wedding loan from Money View to fund your celebrations:
Affordable Interest Rates
A personal loan is an economical option compared to availing wedding loans from unorganized lenders or even using a credit card. The rate of interest on a personal loan is much lower
Imagine having to submit just 3 documents and all online! That’s the advantage of availing personal loans from Money View
No Guarantor Required
You don’t need collateral or guarantor to avail a personal loan from Money View
Loan Disbursal in 24 Hours
Once your loan application is approved, the amount will be credited to your account within just 24 hours
Loans for Low Credit Score
Thanks to Money View’s unique credit rating model, even if you have a relatively low credit score, you can get a loan. So, if you want an urgent loan with bad credit in India, you know where to apply
Versatility: A wedding involves many different kinds of expenses. As a personal loan is not tied down to any strict end-use, you can make use of the personal loan for any of the expenses related to a wedding
An Effective Way to Keep Your Savings Intact: Many individuals often use up their entire savings to fund their wedding expenses. On the other hand, a personal loan works better here, as it can help you retain your savings and build up some financial discipline as you will have to pay the EMIs regularly
In order to avail a marriage loan from Money View, you need to fulfill the eligibility criteria given below -
Given below is a city-wise breakdown of the income and credit score requirement -
|Income and Credit Score Eligibility Criteria*|
|Salaried Individuals||Minimum In-Hand Income||Area of Residence||CIBIL Credit Score Requirement|
|Rs 13,500||Any||CIBIL Score of 600 /Experian Score of 650 and above|
|Rs 20,000||Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)||New to Credit or CIBIL Score of 600 /Experian Score of 650 and above|
|Rs 15,000||Metro City other than Mumbai and NCR||CIBIL Score of 600 /Experian Score of 650 and above|
|Self-Employed Individuals||Rs. 15,000||Any||CIBIL Score of 600 /Experian Score of 650 and above|
You will need to provide the documents given below to avail a wedding loan from Money View -
|Identity Proof||Address Proof||Income Proof|
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice
Any 1 of the following -
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed
Follow the steps given below to avail a wedding loan from Money View -
Choose your loan plan
Select the loan amount and repayment term of your choice based on your eligibility
Provide necessary documents
Upload the required documents online effortlessly
Avail loan within 1 day
After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours
Given below are the fees and charges for personal loans from Money View -
|Fees and Charges||Amount Chargeable|
|Interest Rate||Starting from 1.33% per month|
|Loan Processing Charges||Between 2% to 8% of the approved loan amount|
|Interest on Overdue EMIs||2% per month on the overdue EMI/Principal loan amount|
|Cheque Bounce||Rs.500/- each time|
You no longer have to run from pillar to post to try to avail wedding loans from other banks or lenders. Instead choose the versatile and easy to avail personal loan from Money View at competitive rates. You no longer have to compromise on the quality of your wedding due to lack of funds. Visit the Money View website or download the app to apply today.
Here are some factors that will help you before you plan to apply for a wedding loan -
Create a budget taking into account the expenses planned. Always make sure to plan your expenses well within your range of budget.
Once you have your wedding budget in hand, estimate what portion of it will be funded out of your savings and what portion would come from a loan.
Once you are able to decide about the figure of the personal loan, it is good to make sure that the amount is in sync with your income. When you apply for a loan, lenders look at your income and other commitments like loan and credit card payments to ensure you can comfortably pay back your EMI.
Credit score is a reflection of your earlier and current creditworthiness and is one of the key determinants of getting approval or rejection for your loan. So it is important you check your credit score and ensure you have a good credit score before applying for a wedding loan.
Once you have submitted an application, you can track your application status on our app or website by following the steps below -
Yes, you can. At Money View, we use a unique in-house credit scoring model and therefore our credit score requirements are much lower than other lenders. As long as you have a CIBIL score of 600 and above or Experian score of 650 and above, you can avail our personal loans.
One could end up with a bad credit score due to a lot of reasons which can vary from one person to another. However, the most common reasons due to which individuals might land up with bad credit are -
Secured loans are those that are provided against collateral such as home loans, auto loans, gold loans, etc. Unsecured loans are those that do not require collateral such as personal loans. Money View personal loans are unsecured loans and do not require any collateral or security.