Marriage is a very special occasion in one’s life and everyone desires to make it a special one. With that said, marriage is also an occasion where expenses can arise at any time unplanned. It is understandable given a large number of expenditures in an Indian marriage. From the charges of the Pandit to the decoration of the house to the menu, you need to plan every expense. Most Indian parents will save up for their children’s marriage to ensure it is a grand occasion in their lives. Like every grand occasion, marriage expenses can easily get out of hand with many unplanned scenarios that can arise. Not only that, planning the expense for such a large occasion is not always very efficient. There will be areas you accidentally miss out or under-value at the time of planning the big day. You will never want to mess things up just because of money.
Credy believes in fulfilling the dream of every Indian to have a grand wedding and support any last-minute cash needs, instantly. We at Credy ensure you can focus on the more important things while we take care of your loan processing. You can apply for a personal loan for your marriage online on Credy website/app and get instant approval of your loan. If you are in urgent need of cash and are worried about long paperwork and approval times, Credy ensures you get an instant approval for your loan paperless. We assure you the quickest turn-around time for approval of your loan so that you can fulfill your need without waiting.
Marriage in India is an expensive affair
Marriage in India is a grand occasion that requires a lot of planning and budget management. In our country planning for a marriage is a long term work in progress. At the time we are born our parents start planning for our marriage, as it is one of the most expensive of events in one’s life. Rates of commodities and charges go up progressively, making it very difficult to estimate the expenses beforehand. You can always expect even a well-planned marriage to get over budget. In such scenarios, Credy comes with a helping hand in terms of quick and paperless personal loans to help pay your last-minute expenses.
We provide instantly approved loans up to 1 lakh rupees which you can repay over a period up to 12 months. Surely, 1 lakh rupees are no way near the average amount spent on an Indian wedding. We believe to come in handy for those crunch situations where you need quick cash without the hassle and at an affordable rate. There are always expenses that occur unplanned at last-minute without you having extra liquid cash to handle the expense. This is where Credy steps in to provide you a hasslefree personal loan at affordable rates disbursed with 24 hours to your bank account. We believe in making the loan process streamlined by giving you the freedom to acquire a personal loan online from Credy from the comfort of your home on our website and app.
Benefits of Personal Loan for Marriage from Credy
A personal loan is an easiest and hasslefree loan that gives you the freedom to use it the way you want to for fulfilling your dream or in case of an urgent requirement of cash. A personal from Credy is completely paperless and easily approved. You are required to provide certain details on the website/app and get your loan approved instantly. A personal loan is meant to support you in your financial crunch situations by providing an affordable loan without any mortgage. Additionally, a personal loan does not restrict you on how to use the loan amount. You can use it to pay the guest accommodation bill or use it to tailor-make your dream wedding dress.
- Get the amount instantly: If you are in cash crunch and need money urgently to pay for your wedding-related expenses, a personal loan is the quickest way to get an instant loan. At Credy, we offer paperless loan approval and disbursal of the approved loan amount to your bank account by max 48 hours. Most of our loans are approved, disbursed and credit to the loanee account within 24 hours itself.
- Hassle-Free and Paperless: You can apply for a personal loan online on our website or app and get an instant approval for your loan. It is done virtually without any paperwork and documentation. You are required to provide certain information for us to evaluate your creditworthiness. This allows us to instantly check the eligibility of the applicant and make the loan process quick and paperless.
- No restriction: A personal loan has no restriction on the way you can spend the amount. You can use the personal loan fund to pay for any wedding-related expenses. You can use it to pay for the decoration of your marriage hall or use it to arrange for a DJ. There is no restriction giving you the freedom to use it for any unplanned expenses.
- No security or mortgage required A personal loan is an unsecured loan which means you do not have to provide any security against which a loan can be granted. You are not required to submit any property/asset document as collateral for a personal loan. We provide a personal loan based on your Credit Score and salary stability. We check your credit score and bank statement to ensure you are creditworthiness for a personal loan.
- Affordable: We believe in standing with the people in need of monetary support to give them the freedom to plan their big occasion without worrying about money. The variable rate of interest ensures you get valued for your good credit score. Apart from the affordable interest rates, the nominal processing fee makes it easier to take a personal loan for big occasions like a marriage.
- Keep your savings intact: In case of any unplanned expenses, we tend to turn to our savings like fixed deposits or other investments. This is not only an expensive move as liquidating any fixed deposit before maturity will incur charges along with the loss you will bear from losing interest on your deposit. A personal loan can help you go a long way without liquidating your funds before maturity and bear the loss. You can pay for any marriage expenses using the funds you accumulate from a personal loan, thus keeping your savings intact for more important events in your life.
Who can take a loan for Marriage from Credy?
A personal is meant for everyone with a steady income and a good credit score. It is an unsecured loan meant to support people in need of urgent cash without the burdens of high-interest rate or keeping assets as collateral. Anyone with a salary account with a steady source of income can get a personal loan from us. You can check your eligibility on our website/app and instantly get approved for a personal loan. We generally have two requirements for you to be eligible to take a personal loan:
We provide loan up to 1 lakh rupees which you can use in any way you like for your marriage without any restrictions. You are not required to have any asset as collateral with us to receive a personal loan from us. After your application is verified online, we will send a field agent to physically do all the necessary document checks and disburse the loan amount directly to your account through bank transfer. This keeps it quick and paperless for the loanee to get the necessary loan amount directly into their bank within 48 hours but most loans are disbursed the same day.
Marriage loan calculator
Marriage is an expensive affair with tons of expenses and events to plan in terms of monetary value. But realistically, you cannot completely plan the expenses of such a huge such as marriage. There will be some last-minute expenses that can arise which can be an issue if you have a fixed budget. A personal loan can help you take care of such unplanned expenses without depleting your savings. They are unsecured and affordable without any restrictions, allowing you the freedom and peace of mind to plan your wedding without worrying for a sudden cash crunch.
We provide instant personal loans at affordable rates without any paperwork up to an amount of 1 lakh. This amount can go a long way in helping you get the peace of mind to plan better and have the assurance to get instant funds in case you are in need of any. We ensure your amount is disbursed to your bank account within hours from the approval of your loan application. You can check your eligibility and the amount that can be granted based on your credit score and other checking processes directly on our website/app.
What are the marriage loan interest rate and fees of Credy?
We believe in making the personal loan affordable for all to help them in crunch situations. We charge a very nominal processing fee of 3% of the loan amount with Rs. 500 as a minimum. It essentially means that you have to pay only Rs. 500 for a loan amount below Rs. 17000(nearest round figure). If your loan amount is above Rs. 17000, you are required to pay a processing fee of 3% on the whole amount.
Our interest rate is very competitive which makes it affordable for an average salaried person in India. We have a flexible interest rate from 1% to 1.5% per month throughout your loan tenure. You can choose the loan tenure based on your preference from 3 to 12 months. There is an early repayment fee of only 2% of the outstanding amount. The late fee amounts to 2% of EMI amount per week. Below is a table for your reference to all the charges and fees:
|Loan Amount||Up to ₹ 1 Lakh|
|Interest Rate||1 to 1.5% of Loan Amount Per Month|
|Loan Tenor||3 to 12 months|
|Processing Fee||3% of Loan Amount (Minimum ₹500)|
|Early Repayment Fee||2% of outstanding loan amount|
|Late Fee||2% of EMI Amount per week|
How a personal loan from Credy can really help in your marriage?
A personal loan from Credy can help you have peace of mind while planning for your wedding. You can be assured that any unplanned expense can be met by taking an instant personal loan from us. We assure quick approvals so that your wedding goes on as planned. It is also a hasslefree way to lend some funds in your crunch situations without any tiresome paperwork. We tend to keep the process as streamlined and transparent as possible. You can easily sign-up to our website/app and submit a loan application in a few simple steps.
The first and foremost step is to check your eligibility on the website portal, if you find yourself eligible, you can move on to the loan application process. In the loan application, you have 3 steps:
- Verify your work email (if you do not have a work email, no issues, you can send us an HR Letter later on).
- Provide personal details.
- Provide your salary account information.
Once your data is checked and verified, we will approve your application and assign a field agent. The field agent will visit your home at your comfort and complete all the documentation process. After we receive positive feedback from the agent we will disburse the loan amount directly to your bank account through bank transfer. All these steps are performed in a streamlined fashion allowing you to get your loan amount within hours from submitting your loan application. For example, if you apply for a personal loan in the morning hours, you can expect the amount credited to your bank account in the evening if all your documents and information are correct and you have a good credit score. It's quick, it's paperless, it's hasslefree, it’s affordable and it gives you the peace of mind for your marriage.