Get approved in real-time for a line of credit of up to ₹ 5 Lakh.
Use funds when needed and pay interest on what you use.
Flexible EMIs between 2 months to 36 months that you can choose from
Take ₹ 3,000 or as high as your approved limit depending on what you need to spend on.
An option of swiping the credit card that has a 100% cash withdrawal while you get rewards.
Required documents include a valid ID proof and an accepted proof of residence.
Must be a full-time salaried employee with a minimum take-home salary of ₹ 30,000/monthOR
Must be a self-employed professional with an income of at least ₹ 30,000/month.(Only certain professionals like doctors, lawyers, or business owners qualify)
5 years and counting as India’s 1st app based Credit Line
Years of service
A personal loan or a wedding loan is a special occasion personal loan that you can be taken to pay for wedding-related expenses.
If you are getting married soon or have to pay for your child's wedding and don’t know how to deal with the added expenses, then a personal loan can come in handy.
It is an excellent option if you don’t want to dip into your savings, risk your assets or liquidate your investments to pay for a wedding.
Getting MoneyTap's credit line also allows you to borrow funds for marriage to help pay for your wedding costs. Plus, you can use the credit line for other purchases as well.
Depending on your eligibility criteria, you can get approved for a credit line starting at ₹ 35,000 up to ₹ 5 Lakh.
You will come to know if your wedding loan is approved almost instantly. Once you download the app and fill in your details, the processing happens very quickly.
Your pre-approval should not take more than 4 to 5 minutes. Once the final approval is done, you can get a wedding loan from your available credit line instantly.
A personal loan for marriage can be used to meet all your wedding costs such as:
There are government schemes for weddings in India whether you are looking for a loan for your daughter's or sister's marriage. Some of these are:
Apart from these government schemes, various other wedding loans for girls have are being offered by private banks.
The current interest rates on wedding loans in India range between 10.75% and 19% with loan tenures that range from a period of 1 to 5 years.
MoneyTap's personal loans for marriage begin with interest rates as little as 1.08%.