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Get FIRSTmoney Smart Personal Marriage Loan

Weddings can be expensive. Often, couples end up paying 20-30% more than what they intended to due to unexpected costs and not everyone has the cash on hand to cover it all. That's where a wedding loan from a line of credit like FIRSTmoney can come in handy. A wedding loan can help you cover the expenses of your special day without breaking the bank. Read on for more

Features of FIRSTmoney Marriage Loan

ZERO foreclosure charges ZERO foreclosure charges

ZERO foreclosure charges

goodbye to foreclosure charges and repay your outstanding amount whenever you want without worrying about additional fees.

Multiple withdrawals Multiple withdrawals

Multiple withdrawals

Borrow any amount over ₹5,000 up to the available credit limit. Once you repay the borrowed amount, you can withdraw more funds again.

Flexible repayment plan on Marriage Loan Flexible repayment plan on Marriage Loan

Flexible loan repayment options

Enjoy customisable loan EMI repayment options. Choose from flexible tenure options to suit your financial situation.

Swift disbursal Swift disbursal

Swift disbursal

Our advanced technology allows for a quick and paperless application process, ensuring swift disbursal of funds directly to your bank account.

Personal loan amount flexibility Personal loan amount flexibility

Personal loan amount flexibility

Either withdraw in full over or in parts ₹5,000 up to your credit limit. Pay interest only on the utilised amount.

Benefits of FIRSTmoney Marriage Loan

Manage unpredictable expenses Manage unpredictable expenses

Manage unpredictable expenses

A wedding or marriage loan can help offset the risk of going off budget by providing a safety net for unexpected costs.

Lower interest rate Lower interest rate

Lower interest rate

Take advantage of lower interest rates compared to credit cards by availing a FIRSTmoney smart personal loan for planning your wedding.

Quick access to funds Quick access to funds

Quick access to funds

Applying for a FIRSTmoney wedding loan is relatively easy, requires no collateral and can be done online in just a few simple steps.

Eligibility Criteria for Wedding Loan

Employment: Salaried and Self-Employed Individuals Employment: Salaried and Self-Employed Individuals

Employment: Salaried and Self-Employed Individuals

Age - 21-60 years Age - 21-60 years

Age: 21-60 years

CIBIL Score*: 730+ CIBIL Score*: 730+

CIBIL Score*: 730+

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Required Documentation for Wedding Loan

Video KYC Video KYC

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Display your physical PAN card for Video KYC (VKYC) during the online smart personal loan application.

Steps to Apply for a FIRSTmoney Marriage Loan Online

Scan the QR code to apply for a marriage loan

Step 1

Scan the QR code to apply for a marriage loan

Register with your mobile number

Step 2

Register with your mobile number

Confirm basic details to check your eligibility

Step 3

Confirm basic details to check your eligibility

Choose your loan preferences and link your bank account

Step 4

Choose your loan preferences and link your bank account

Once verified, receive the loan amount in your account within 24 hours

Step 5

Once verified, receive the loan amount in your account within 24 hours

How FIRSTmoney can empower you

How FIRSTmoney can empower you

Travel Personal Loan

Embark on your dream adventures with an online personal loan designed exclusively for elite travellers like you. Whether you're planning a luxurious getaway, an exotic expedition, or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality.

With competitive rates and flexible terms, a FIRSTmoney smart personal loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel personal loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

Advantages of a FIRSTmoney smart personal loan for travel expenses:

  • ► Set up a credit limit with FIRSTmoney once and enjoy your travel the way you want with the multiple withdrawal facility.
  • ► Get instant access to funds, anytime, anywhere, in your bank account; 24x7, in just a single step.
  • ► Attractive fixed interest rate (on a monthly reducing basis), starting at 10.99 % p.a. 
  • ► No need for collateral or security deposit to set up a loan.
  • ► By responsibly managing your personal loan, you can enhance your credit profile, opening doors to even greater opportunities for future travel endeavours.

Emergency Personal Loan

In times of financial emergencies, FIRSTmoney smart personal loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan enables you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies:

  • ► Effortless online application process with complete digital verification - apply in 2 easy steps for an emergency personal loan online
  • ► Get the loan amount credited promptly to your bank account on the same day
  • ► No collateral requirement for emergency personal loans
  • ► Flexible loan repayment tenure of up to 60 months
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting from 10.99% p.a. only
  • ► Safeguard your financial stability with this personal loan in the face of emergencies

Wedding Personal Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney smart personal loan allows you to maintain financial stability as you start a new chapter of your life. Here's how our loan can add value to your special day:

  • ► From venue rentals to catering costs and everything in between, FIRSTmoney offers up to a ₹10 lakh personal loan, allowing you to cover all aspects of your wedding expenses with ease
  • ► Completely paperless, quick and digital personal loan application process
  • ► One-time sanction with the facility to withdraw multiple times
  • ► Attractive fixed interest rate (on a monthly reducing basis) commencing at 10.99% p.a. only
  • ► No need for collateral or security
  • ► Enjoy flexible loan repayment terms extending up to 60 months

Medical Personal Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. With a FIRSTmoney smart personal loan, you have the financial flexibility to explore various treatment options, including specialists, alternative therapies, or out-of-network providers, ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies. Here's how:

  • ► Can act as a top-up to your insurance for medical expenses
  • ► Cover unforeseen costs, such as ambulance fees, hospital stays, surgeries, and specialized treatments
  • ► Access funds anytime, anywhere to address medical bills, treatments, and medications without delay
  • ► No need for collateral or security to apply for the personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.
  • ► Tailor your payments to fit your budget and financial capabilities, providing additional peace of mind during a challenging time

Home Improvement Personal Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and personal loan proves to be a reliable solution. Manage and plan your home improvement expenses depending on your needs with FIRSTmoney, our smart, instant personal loan. Apply for a personal loan online and get approved seamlessly. Use your credit limit as an when you need.

  • ► Can act as a top-up to your home loan
  • ► Can serve to pay for renovation and expenses in parts
  • ► Access funds anytime anywhere
  • ► No need for collateral or security to apply for this personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.

  

Instant Personal Loan Fees and Charges Instant Personal Loan Fees and Charges

Personal Loan for Wedding - Fees and Charges

Enjoy competitive interest rates and minimal charges

Frequently asked questions

What is a marriage loan?

A marriage loan is a type of personal loan designed to cover the expenses related to a wedding. These loans can be used for various purposes, including venue booking, catering, jewellery, clothing, and other related costs. With FIRSTmoney, you can acquire a loan of up to ₹10 lakhs with flexibility to draw funds multiple times as when needed and pay EMIs only on the used funds. 

How much marriage loan can I get?

The amount you can borrow as a marriage loan depends on several factors such as your income, credit score, repayment capacity, and the policies of the lending institution. FIRSTmoney offers loans ranging from ₹50,000 to ₹10 lakh.

How to calculate marriage loan EMI?

To calculate the equated monthly instalment (EMI) for a marriage loan, you can use an EMI calculator available on the IDFC FIRST Bank. You'll need to input the loan amount, interest rate, and tenure to get a precise EMI figure. The formula used is:

EMI= P*r*(1+r)^n ]/[(1+r)^n+1  where P is the principal loan amount, r is the monthly interest rate, and n is the loan tenure in months.

What are the documents required to get a wedding loan?

To get a wedding loan via FIRSTmoney, you are only required to furnish your physical PAN card during the video KYC process. The verification and approval process is completely online and lightning fast. 

What is the marriage loan eligibility criteria?

Eligibility criteria for a marriage loan usually include:

  • ·  Age: 21 to 60 years
  • ·  Employment: Salaried and Self-Employed Individuals
  • ·  Credit score: A strong credit history, a CIBIL score of 750 or above

How to apply for a wedding loan online?

To apply for a wedding loan online from FIRSTmoney:

1. Start by scanning the QR code or clicking loan from your smartphone.

2. Register using your mobile number and confirm basic/personal details to check your eligibility.

3. Select the loan amount of your choice starting from as little as ₹50,000 up to your full credit limit and choose flexible repayment terms.

4. Link your bank account where you wish the funds to be disbursed.

5. Complete the video KYC verification process with your physical PAN card. 

What are the interest rates of IDFC FIRST marriage loans?

IDFC FIRST Bank offers competitive interest rates on marriage loans. These rates vary based on factors such as the loan amount, tenure, and the applicant's credit profile. Generally, interest rates start at 10.99% per annum. For precise rates, it's best to check directly with IDFC FIRST Bank or their official website.

How to apply for a wedding loan online?

To apply for a wedding loan online from FIRSTmoney:

1. Start by scanning the QR code or clicking loan from your smartphone.

2. Register using your mobile number and confirm basic/personal details to check your eligibility.

3. Select the loan amount of your choice starting from as little as ₹50,000 up to your full credit limit and choose flexible repayment terms.

4. Link your bank account where you wish the funds to be disbursed.

5. Complete the video KYC verification process with your physical PAN card. 

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