What does a marriage loan mean?

1
What does a marriage loan mean?

• This loan assists you in meeting any
  wedding-related expenses.

2
Advantages of taking a marriage loan
They are flexible in terms of repayment and
utilisation.
They are subject to quick approval.
3
How should you use a marriage loan?
4
How should you use a marriage loan?
5
Venue reservation
You can use the funds to reserve a wedding
banquet. 
6
Lighting and decoration
Pay for wedding venue decoration and lighting
using this loan.
7
Other expenses
The loan can also be used to pay for caterers,
lodging, and transportation.
You can use the money to buy an engagement ring.
8
Qualifying conditions for a marriage loan
The minimum and maximum age limits are 21 and 58
years, respectively.
The monthly minimum income should not be less
than Rs 15,000.
9
Key documents for a marriage loan approval
KYC documents
Employment proof
Income proof
10
Compare lenders based on their offerings.
What should you contemplate before taking out a
marriage loan?
Be mindful of your repayment tenure.
Review your credit report.
Refrain from multiple loan applications.
11
A marriage loan can reduce your financial burden
significantly. Just keep the above pointers in
mind before proceeding with this financing
product.
12
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-marriage-best-way-to-fund-your-wedding