Weddings celebrate the union of two souls, and everyone knows that Indian weddings can be an expensive affair. It doesn’t matter what your initial budget is, you’ll always end up spending a little more to make your special day the grandest and most memorable celebration ever.

Personal Loans are a great way to cover your expenses for occasions where money shouldn’t be a limiting factor. No matter what it costs, there are no compromises for something as momentous as a wedding. Let’s take a look at why you shouldn’t think twice before you avail of a Personal Loan for wedding.

Why are Wedding Loans Necessary?

A typical wedding nowadays is quite a fancy affair. Apart from the usual decor and food you now have swanky dessert bars and photo booths which add that much needed ‘wow factor’ to keep the guests entertained. A new trend that’s on the rise is a themed wedding, which is usually accompanied by heavy decoration and costume bills.

That’s not the end of your wedding expenditure though; you still need to meet the regular costs of a wedding, like the catering service, decorations, entertainment, the ceremonial rings or mangalsutra, photography and a dazzling set of clothes. All of these can take a heavy toll on your pocket, and this is why there’s a need for a financial cushion, namely a Personal Loan, for wedding expenses.

In fact, many expenses aren’t immediately apparent – most families realize too late that weddings can cost almost twice the planned budget! You’ll also have to put money aside for post-wedding expenses like honeymoons and housing for the newly-wedded couple. But there’s no need to worry, with a wedding loan you can take care of all these expenses and comfortably pay it back every month.

Also Read : How a Loan Can Help You Have Your Dream Wedding ?

As simple as saying ‘I do’

Since the eligibility criteria of Personal Loans aren’t very strict, they are the primary choice when it comes to managing wedding expenses. Multiple companies provide Personal Loans, so it doesn’t matter if you’re looking for a Personal Loan for son’s wedding or a Personal Loan for daughter’s wedding – there is always a good choice. For instance, Bajaj Finserv, a leading Non-Banking Financial Company, offers loans up to amounts of INR 25 lakh, with great features such as 5 minute online approval and a record-setting turnaround period of 72 hours. All these options make it perfect for that quick injection of funds you need to smooth over expenses during your family’s time of joy. Just ensure that you choose the right lender, based on the conditions and features of the loan.

How can I get a Wedding Loan?

Any salaried employee earning a monthly income of at least Rs.18,000 at a registered organisation can get a Personal Loan quite easily.

You could apply for a wedding loan online with NBFCs like Bajaj Finserv who offer Personal Loans of up to Rs.25 lakhs. Another option that you can explore is going for a joint loan with either your spouse or your parents.

If you are a parent who is now retired and wants to take a loan for your child’s wedding, you may do so against your pension. Senior citizens are permitted to take loans of up to Rs.5 lakh until the age of 70.


The documents that you’ll need for loan application vary according to whether you’re a salaried employee or a self-employed businessman.

If you fall into the first category, you’ll need to submit:

Before you take the final step

Just before you take that Personal Loan, it’s vital that you keep some factors in mind to ensure that you don’t get caught up in the loan trap:

  • The first is your capacity to pay the monthly recovery amount for your loan. You must be able to afford your EMIs. There are simple methods to calculate your preferred EMI on a loan and correspondingly, the total loan tenure. Once you’ve done that, you’ll be free to decide the scale of your wedding. Make sure you borrow within your means, or you might land yourself in a sticky situation.
  • The second factor is your lender, and the Personal Loan interest rates that you’re offered. There is no way to know whether a given bank will offer you the best principal, tenure, and rate of interest, so make a habit of doing thorough market research before you fill out an application form. You could apply online for a Personal Loan at organisations like Bajaj Finserv, who offer Flexi Personal Loans at low interest rates. The key is to make sure you know the nature of the loan you’re applying for, and not ignoring the fine print.

Let the bells ring

Now that you’ve got all these details down, you can proceed to apply for the Personal Loan that best suits your wedding needs. You’ve got the necessary details, documents, and all the advice you will ever need – all that’s left is for you to do is spend lavishly on the wedding you’ve always dreamt about, and make it a truly unforgettable event!

Also Read : 
Your Guide to Planning a Gorgeous Indian Summer Wedding

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