MARRIAGE LOAN
If you haven’t started saving early for your marriage, it can be difficult to raise the finances immediately for a grand wedding. Personal loan for marriage is an easy way out to get the necessary finance instantly. Arrange the wedding requisites without any stress with quick personal loans online through instant loan apps and websites. The online mode of marriage loan application is a secured source that enables speedy disbursement of loan amount so that borrowers can make payments timely to make the wedding better
Hero FinCorp Instant Personal Loan is a convenient instant loan app suitable to acquire a marriage loan online. All the steps involved in the loan application is done in a paperless format – application, documents submission, verification and disbursal everything is done online. This saves a considerable amount of time and gives the convenience of borrowing wedding loan from the comfort of your home.
As you will explore the Hero FinCorp Instant Loan app, you will notice that the repayment of marriage loan is easy. All thanks to the in-built EMI calculator, borrowers can customize the EMIs as per their budget. Accordingly, you can plan wedding invitations, attires, locations, flight tickets etc.
Interest Rate on Marriage Loan
With a good financial history, credit companies and financial institutions offer competitive interest rate on marriage loan. An affordable interest rate makes EMIs affordable and easy to repay. Marriage is one affair that involves multiple expenditures at the same time. Hence, it is advisable to consider the prevailing interest rate to derive a suitable EMI.
How to Apply for Marriage Loan Online Through Hero FinCorp
Hero FinCorp instant personal loan app saves your assets and investments from getting liquidated. The app enables instant personal loan in a hassle-free way to complete the wedding check-list. Here is how you can apply for a personal loan through Hero FinCorp:
- 1
First, get the Hero FinCorp app in your phone. Download from Google Play Store.
- 2
Register to create your account. Enter email id and mobile number. It is secured and verified using a one time password
- 3
Next step will take you to the EMI calculator. Here, you can choose a preferred loan amount between 50,000 to 5 lakh. The calculator lets you choose the principal amount, interest and tenure. Set an appropriate EMI, matching your budget. Manual EMI calculations are complex, this tool will give you 100% accurate results.
- 4
Complete the loan pre-requisites, enter the Aadhar card number, Mobile number linked to your Aadhaar card, Pan card number and Bank Account affiliated to Hero FinCorp.
- 5
Login to the bank account and verify details of the bank account (salaried individuals to use their salary bank account only) that you use frequently for transactions.
- 6
Set up your repayment or e-mandate and sign the loan agreement with an electronic signature in a single click.
- 7
It may take a while to process the details. Finally, the loan amount will be credited in your bank account.
Marriage Loan Eligibility Criteria
The eligibility criteria may vary from lender to lender, but at Hero FinCorp avail personal loan considering the following factors:Documents necessary for wedding personal loan are mainly the KYC details - Aadhar card or Smart Card Driving License , PAN card, and Photo ID, salary details if employed and 6 months bank statements as an income proof.
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Frequently Asked Questions (FAQs)
The paperless documentation and real time verification of loan application online has reduced the sanction period for marriage loan.
A minimum starting income of Rs.15,000 is valid to apply for marriage personal loan
Being an Indian citizen, holding a stable profession, earning at least 15000 rupees per month and submitting the mandatory documents are the basic requirements of acquiring a marriage loan
This depends from lender to lender. Pre-payment of marriage loan or early payment of loan EMIs is often followed by a penalty for the borrowers. Hence, do read about the prepayment policies before initiating it.