HDFC Personal Loan for Wedding

Having a beautiful wedding is a grand aspiration for many couples. Even a modest wedding can turn out to be a very expensive affair, and often, the responsible one is bound to spend a good amount of his/her savings. So, for individuals without that kind of cash, an HDFC personal loan for a wedding can be the best viable option to cover the expenses associated with a wedding. Eligible applicants can typically secure funds up to Rs 40 lakh with a flexible tenure of 12-60 months. Let’s scroll down to learn more about this wedding loan from HDFC Bank. Herein, we present (almost) everything you need to know about this handy financing option.

Benefits of HDFC Wedding Loan

Below are the major benefits you can expect from an HDFC marriage personal loan:

• Attractive interest rates
• Generous loan amounts
• Flexible repayment plan
• Collateral-free
• No hidden fees

Why Choose HDFC for Wedding Loans?

Below are the major reasons why you should consider a wedding loan from HDFC:

• Minimal documentation
• Moderate eligibility criteria
• Paperless application process
• Personalised approach
• Quick fund disbursement
• Friendly customer service

Personal Loan for Wedding Interest Rates & Charges

HDFC wedding loan interest rates and other applicable charges you can expect are as follows:

Tips for Getting an HDFC Wedding Loan

Let’s take a look at a list of tips to expedite the approval process for your wedding loan from HDFC Bank:

• Maintain a positive credit score.
• Clear outstanding debts.
• Choose the right/eligible loan amount.
• Submit complete and clear documents.
• Showcase all your income sources.
• Consider a co-applicant.
• Opt for an online application.

Eligibility for HDFC Loan for Wedding

The HDFC Wedding Loan eligibility criteria that you should meet to secure the necessary funds are as follows:

• Be above 21 years old.
• Have a minimum income of Rs.25,000 per month.
• Have at least 2 years of work experience. 
• Have a good credit score and repayment history.
• Be an Indian residence. 

Documents Required for Wedding Loan Application

The HDFC Wedding Loan documents that you should submit along with your application form are as follows:

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Utility Bills, Passport, Driving License or Aadhaar Card.

Proof of Income: Bank statement for the past 3 months

Proof of Employee: Salary slips for the last 2 months.

What Are the Things to Consider While Taking a Wedding Loan?

The following are the factors you may consider while taking an HDFC personal loan for a wedding:

• Assess your financial situation
• Plan your repayment strategy
• Compare multiple HDFC loan options
• Check the prevailing eligibility criteria
• Understand interest rates and fees
• Check customer feedback

How to Apply for a Wedding Loan?

Follow these steps to apply for a wedding loan from HDFC via Urban Money:

• Visit Urban Money’s official website.
• Tap the “hamburger menu” icon.
• Select the “Loan” option and choose “Personal Loan.”
• An array of lenders offering wedding loans will appear as you are redirected to a new page.
• Scroll down, locate HDFC Bank, and click the “Enquire Now” button.
• A small digital form will display on your screen where you need to input your name, mobile number, and the city you reside in.
• Upon submission, a 6-digit OTP will be sent to your mobile number.
• Enter the OTP and click the “Submit” button.
• Within a day, a representative from Urban Money will contact you and guide you until you receive the required funds.