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Marriage Loan: Meaning, Eligibility, Application Process & more

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Created on
January 29, 2023


What’s Inside

A marriage loan is a financial product that is designed to help individuals finance the expenses associated with their wedding. These loans are typically offered by banks and other financial institutions and can be used for a variety of expenses, including the cost of the wedding venue, catering, clothing, jewelry, and more.

If you think a marriage loan could be a helpful tool, read on for everything you need to know about them - the meaning of marriage loan, it’s eligibility, how to get marriage loan and the marriage loan process.

What is a Marriage Loan?

  • A marriage loan is a personal loan for wedding expenses, which you can avail of just like you would apply for a regular personal loan.
  • Since it is an unsecured loan, you will not have to offer any asset as collateral when you avail of a marriage loan. All you need to do is meet the eligibility criteria set by the lender for personal loan applicants.
  • Typically, you can apply for a personal loan from a bank or non-banking financial company (NBFC) for marriage expenses.
  • Nowadays, most leading banks and NBFCs in the country allow you to apply for this kind of loan digitally.

Marriage Loan Eligibility Criteria

Check eligibility before applying for a marriage loan. Criteria varies by lender, but common parameters include:

1. Minimum age

Lenders usually set a minimum age limit, typically around 21 years.

2. Maximum age

Lenders also set a maximum age limit, which usually varies between 60 to 65 years.

3. Minimum income

You need to show proof that you meet the minimum income requirements set by the bank or NBFC.

4. Nature and status of employment

Applicants must have a steady job or be employed to qualify for a marriage loan, with more relaxed criteria for salaried individuals.

5. Credit score

Lenders consider credit score as one of the most important criteria for approving or rejecting a loan application. A credit score of 750 or higher improves your chances of getting a loan.

6. Maximum amount borrowable

Many lenders set a maximum limit on the amount borrowable to cap the risk of lending funds to a borrower.

What is the Marriage Loan Process?

The exact steps in the marriage loan process to apply for a personal loan for wedding expenses can vary slightly from one lender to another. However, here is broadly  what you can

  1. Compare loan offers and choose a lender
  2. Check the eligibility criteria
  3. Apply for the loan if you qualify for it
  4. Submit the application form along with the required documents


Although marriage loans are easy to obtain, it is crucial to remember that taking out a loan can have long-term financial implications. Therefore, it is essential to consider the loan amount, interest rate, and repayment terms before applying for one.

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Fortunately, you no longer have to make rounds of the bank and get multiple approvals before getting a loan. Fi Money provides instant loans that arrive directly in your savings account. These are pre-approved personal loans made available to select users with good credit scores. On Fi, this process is 100% paperless, and the loans are provided at competitive interest rates — where each user remains in control with complete visibility of all details. Our licensed partner bank assigns an eligible loan amount to each user (up to ₹5 lakh).

Frequently Asked Questions

1. What is a Marriage Loan?

A Marriage Loan is a type of loan used to finance a wedding. Weddings can be expensive, and many people want to have a perfect ceremony. However, not everyone may have enough money saved, and so a wedding loan is a product designed to help them plan their special day.

‍2. How much loan can I get for my marriage?

The exact borrowing limits vary from one lender to another and also depend on the borrower’s credit profile. Broadly speaking, however, you can avail of any sum from ₹50,000 to around ₹40 lakhs or so via a personal loan for wedding expenses, subject to other eligibility criteria.

3. How to get money for my marriage?

Many people tap into their savings and investments to pay for their wedding expenses. Another option is to avail of a marriage loan, which is essentially a personal loan for marriage or wedding expenses.

4. What are the conditions for marriage loan?

This depends from lender to lender, but generally, to apply for a marriage loan, you need to earn at least Rs 15,000 per month. However, banks in some cities might require a minimum income of Rs 25,000 or more. Both salaried and self-employed professionals can apply for this loan.

5. What are the eligibility criteria for a Marriage Loan?

The eligibility criteria for a marriage loan vary from lender to lender. Generally, lenders consider your age, income, employment status and nature, and credit score before offering you a loan.

6. What are the documents required to get a Wedding Loan?

To apply for a Marriage Loan, you will need some documents, including the latest salary slips, photographs, KYC documents, and bank statements from the last three months.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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Marriage Loan: Meaning, Eligibility, Application Process & more


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