Wedding Loan from Loankarts helps you handle any financial emergency that might arise prior to the wedding day. Wedding loans are provided at very low interest rates and are availed by people to use for any wedding ceremony related expenses. Wedding loans are usually taken to cover any wedding-related expenses.
It is said that weddings are made in heaven and Indian weddings do involve a lot of pomp and show. It is generally around this time that people, friends and relatives get together to bless and celebrate the young couple who are taking their baby steps towards a very bright and long-lasting future. Hence, in this process, a lot of unpredictable and countless expenditures do crop up in regards to this auspicious day. Wedding is a lifetime memory to cherish with the near and dear ones which are all squeezed and packed into a few days celebration, where no one wants to compromise on this grand big day.
Eligibility For Wedding Loan
Loankarts understands that a wedding needs to be special and provides wedding loans for salaried professionals. Wedding loan fulfills your wedding expenses such as decorations, venue booking, outfits, makeup artists, wedding invitations, hotel rooms, food catering charges, etc. No compelling reasons to check on the wedding loan eligibility. Listed below are the eligibility criteria that are required to get wedding loan approval online.
- Must be of Indian nationality
- Should be a salaried individual
- Minimum eligible age is 18 years
- Net income should be at least INR 8,000
Loankarts checks the individual’s eligibility for a wedding loan through CIBIL report that incorporates all the past running loans, payment track record and credit cards. So, the CIBIL score plays an important role in defining the eligibility to get a wedding loan. A higher credit score builds higher chances for loan/credit application to get approved. Nonetheless, a very low CIBIL score will diminish your eligibility to get a wedding loan.
Documents Required for Wedding Loan
Listed below are the documents required to get wedding loan approved online at Loankarts:
- Identity proof
- Address proof
- PAN card
- Minimum work experience of 3 months
- Last 3 months Payslips.
- Bank Statements of the last 3 months
- Passport size photographs
