IDFC First Personal Loan for Wedding

A wedding is a once-in-a-lifetime event. As you embark on the journey to create everlasting memories, financial constraints shouldn’t cast a shadow on your joyous celebration. Moreover, the bank understands that organising a wedding can be both challenging and exciting at the same time. Expenses may add up quickly, with items such as the venue, catering, attire, jewellery, photography, and much more, making it a costly affair even if you plan moderately. However, with a wedding loan from IDFC First Bank, you can expect financial assistance of up to ₹1 Crore, depending on your income and creditworthiness. Continue scrolling to learn more.

Benefits of IDFC First Bank Wedding Loan

The following are the benefits you can expect from an IDFC First Bank personal loan for a wedding:

• Avail of lower interest rates
• Secure a loan amount of up to 1 Crore
• Collateral-free financing option
• Flexible repayment terms
• No hidden charges

Why Choose IDFC First Bank For Wedding Loans?

Let’s take a look at a list of reasons why you should choose a wedding loan from IDFC First Bank:

• Less documentation
• Moderate eligibility criteria
• Digital application process 
• Excellent customer service
• Quick fund disbursal

Personal Loan for Wedding Interest Rates & Charges

Following are the applicable IDFC First Bank wedding loan interest rates and other pertinent charges you may face by availing of an IDFC First Bank personal loan for a wedding:

Tips for Getting an IDFC First Bank Wedding Loan

Following are certain things you must keep in mind for getting a wedding loan from IDFC First Bank faster:

• Maintain a good credit score
• Settle existing debts (if applicable)
• Select an appropriate and eligible loan amount
• Submit complete and clear documents.
• Showcase all your income sources.
• Affix co-applicant.
• Opt for an online application.

Eligibility for IDFC First Bank Loan for Wedding

The IDFC First Bank Wedding loan eligibility criteria are as follows: 

• You must be aged between 23 to 60 years old.
• You must be either a salaried or self-employed individual. 
• You must have a regular source of income to cover the EMI amount.
• You must have a good credit score and repayment history.
• You must be an Indian citizen. 

Documents Required for Wedding Loan Application

The IDFC First Bank wedding loan document requirements 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 and salary slips for the last 3 months.
• Other Documents: Net Banking or Debit Card details to set up e-Mandate

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

Take into account the following factors when applying for an IDFC First Bank personal loan for a wedding:

• Evaluate your financial situation
• Plan your repayment strategy
• Compare various types of  IDFC First Bank personal loans.
• Review the eligibility criteria and required documents.
• Understand interest rates and fees
• Examine customer feedback.

How to Apply for a Wedding Loan

To apply for a wedding loan from IDFC First Bank via Urban Money, follow the simple steps given below:

• Visit Urban Money’s official website.
• Navigate to the “Loan” section and choose the “Personal Loan” option.
• Scroll down to locate IDFC First Bank, then click the “Enquire Now” button. 
• Fill out the digital form with your name, mobile number, and city.
• Submit the form and enter the 6-digit OTP sent to your mobile.
• A representative from Urban Money will contact you within a day and guide you until funds are transferred to your bank account.