ICICI Personal Loan for Wedding

A wedding is a special occasion that happens once in your life. It is a celebration of love, joy, and commitment, considered the beginning of a new journey for two people. However, planning a wedding can be stressful and an expensive affair at the same time. You may have to spend a lot on various aspects such as the venue, catering, clothing, jewellery, photography, and the list goes on. This is where a wedding loan from ICICI Bank emerges as a lifesaver.

An ICICI personal loan for a wedding would make your wedding a memorable and stress-free event. Depending on your eligibility and repayment capacity, you can typically secure a loan amount ranging from ₹50,000 to ₹50 Lakhs. Moreover, the bank ensures attractive interest rates, minimal documentation, a hassle-free application process, and quick fund disbursal. Scroll down to learn more.

Benefits of ICICI Wedding Loan

Let’s take a look at some of the benefits of an ICICI marriage personal loan:

• Competitive interest rates
• Higher loan amounts
• No collateral required
• Flexible repayment terms
• Zero hidden charges

Why Choose ICICI for Wedding Loans?

The following are the reasons why you should consider a wedding loan from ICICI:

• Minimal documentation
• Moderate eligibility criteria
• Hassle-free application process 
• Excellent customer service
• Customised loan solutions 
• Quick fund disbursal

Personal Loan for Wedding Interest Rates & Charges

Here are the ICICI wedding loan interest rates and other applicable charges you can expect from an ICICI personal loan for a wedding:

Tips for Getting an ICICI Wedding Loan

Here are some valuable tips to expedite the approval process for your wedding loan from ICICI Bank:

• Maintain a good 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 ICICI Loan for Wedding

The following are the ICICI Wedding Loan eligibility criteria that you must meet to avail of the benefits:

• You must be over 20 years old.
• You must have a regular source of income.
• You must have at least 2 years of work experience. 
• You must have a good credit score and repayment history.
• Must have lived in the current residence for at least 1 year.

Documents Required for Wedding Loan Application

The ICICI 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 of last 3 months. 
• Proof of Employee: Salary slips for the last 3 months.

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

Consider the following factors while taking an ICICI personal loan for a wedding:

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

How to Apply for a Wedding Loan?

To apply for a wedding loan from ICICI Bank, follow the steps given below:

• Visit the official website of Urban Money.
• Tap the “hamburger menu” icon.
• Opt for the “Loan” option, and then select “Personal Loan,” as the wedding loan comes under the personal loan category.
• You will be directed to a new page where you can view an array of lenders who offer wedding loans as you scroll down.
• Locate ICICI Bank and click the “Enquire Now” button.
• A small digital form will appear on your screen, prompting you to put your name, mobile number, and the city you reside.
• Once you have completed the form, click the “Submit” button.
• A 6-digit OTP will be sent to the mobile number.
• Enter the OTP and once again click the “Submit” button.
• Within a day, a representative from Urban Money will contact you and guide you until the funds hit your applicable bank account.