A marriage loan is a type of personal loans and as the name suggests, it is specifically used to cater to the expenses of a wedding celebration.
Explore  Buddy Loan in order to reap more benefit for a marriage loan.
Better yet, increase your credit score with this unsecured loan.Wedding loans often referred to as marriage loan are simply unsecured personal loans used for marriage and reception.
This is so that the bank may check the credit history of the applicant without which a loan cannot be issued.
Even this threshold varies from lender to lender as the loan ranges from 1000 to 15 lakhs with the tenure being from 6 months to a maximum of 5 years.
The rate of interest for wedding loans generally start from 11.99% depending on the loaning party.Other online loan service providers can approve a marriage loan without PAN card, if the applicant can provide alternative documents to support verification of his or her identity and credit history.Other ways to ensure getting a wedding loan without PAN card are:Having bank statements: One must understand that personal loan approval is based on the bank credit history that the applicant has.