Why Should You Use a Personal Loan to Fund a Wedding

Flexible Amount

Imagine checking for your eligibity within just 2 minutes! This is possible if you are applying for a personal loan MoneyView.

Quick Disbursal

Once approved, your loan amount will be credited to your account within 24 hours.

No Guarantor Required

You don’t need collateral or guarantor to avail a personal loan from Money View

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

Minimal Documentation

Imagine having to submit just 3 documents and all online! That’s the advantage of availing personal loans from Money View

Flexible Repayment

Applicants can choose flexible repayment tenure of up to 5 years.

Loans on 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

Instant Eligibility Check

You can check your eligibility in just 2 minutes by visiting the MoneyView website or downloading the app.

Wondering how to fund your dream wedding? We have the perfect solution for you! Avail an affordable marriage loan in India through Money View.

Money View Marriage Loan Eligibility

In order to avail a marriage loan from Money View, you need to fulfill the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years
  • Applicants must receive an income of Rs. 13,500 or more*
  • Income must be credited directly to the applicants’ bank account
  • Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

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

Money View Marriage Loan Documentation

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
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
 Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
 Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
OR
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Money View Marriage Loan Interest Rate and Other Charges

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
Loan Cancellation
  • No additional charges levied
  • The interest amount for the period between loan disbursement and loan cancellation will be payable.
  • Processing fees will also be retained

How to Avail Money View Marriage Loan

Check Eligibility

Visit the Money View website or download the app. Enter the necessary details and find out your eligibility in just two minutes

Select Loan Tenure

Select the loan amount and repayment term of your choice based on your eligibility

Upload Documents

Upload the required documents online effortlessly

Amount Disbursed

After your documents are verified and loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours

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Conclusion

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.

Frequently Asked Questions (FAQs)

Here are some factors that will help you before you plan to apply for a wedding loan -

  • Create Your Wedding Budget

    Create a budget taking into account the expenses planned. Always make sure to plan your expenses well within your range of budget.

  • Estimate Your Loan Requirement

    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.

  • Ensure Your Income is in Sync with Your Loan Amount

    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.

  • Take Care of Your Credit Score

    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.

Ans: Once you have submitted an application, you can track your application status on our app or website by following the steps below -

  1. If you’ve applied on our website
    • Go to the login section on the website by clicking here: /apply-loan/signup
    • Login into your loan account with your registered email ID
    • Go to the ‘Dashboard’ section of your loan account
    • Scroll down to the ‘Application Status’ tab to know the status of your loan application
  2. If you’ve applied on the Money View app
    • Open the Money View app
    • Register yourself with a valid email ID if you haven’t done it yet
    • Head over to the ‘Loans’ section
    • You will then be automatically redirected to the ‘Application Status’ screen where you can check your application details
    • If you have the Money View Loans app, you’ll be directed to the ‘Application Status’ screen automatically as soon as you open it

Ans: 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.

Ans: 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 -

  • Defaults in repayment of old and existing loans or credit cards
  • High credit card utilization or a high number of hard inquiries
  • Those who do not have a credit score as they are new to credit i.e., they have never availed credit earlier

Ans: 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.

INTERLINKS

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Apply for Personal Loan
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Personal Loan Eligibility
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Personal Loan Documents
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Personal Loan for Salaried Employees

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