Documents required for a Marriage Loan

Personal loan is one of the best finance options that one can opt for during the time of monetary emergency. Personal loan is an unsecured loan where you don’t have to provide security as collateral unlike other loans. This is one of the major benefits personal loans, this is apt for those who don’t wish to risk their valuable for the loan. Most common reasons to go for a personal loan are for wedding, vacation funding, child’s education, home renovations, medical emergencies, financing an existing loan and so on. Banks will never question the prospective use of the loan.



Personal loans are available from minimum 50,000 to max 20 lakhs, one can avail personal loan with the minimum monthly income of 20,000 in most of the cases. One of the main criteria considered to approve the personal loan from banks is customer’s credit score. Though credit score is important, some banks do offer personal loan to the customers with the moderate credit score unlike other loans. Customers have the privilege to take the loan even if they don’t have their own property or stay in a rented house.

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As personal loans are unsecured, interest rates are comparatively higher and competitive than the other forms of loan. Though personal loan is a quick way to access extra cash, one will face non-payment penalty if not repaid on time. It’s a bad option to go consider personal loan for investments as this could backfire.

Though personal loans are the easiest way to obtain cash for any personal emergency, there are few eligibility criteria’s one should suffice to obtain the loan.

  • Applicant’s age should be between 23 – 58 years
  • Applicant should be a salaried individual, salaried professional or self-employed with min turnover of 40 lakhs
  • Minimum monthly salary should be Rs. 20,000
  • Applicant should have 2 years experience in current occupation
  • And 1 year residing in current home address

Some of the banks approve personal loans with in 24hrs to 1 week. For the quick approval process, its very important to have the below documents ready without which the loan will be rejected.

Salaried Applicants:

  • Application form and your latest photograph (2)
  • Proof of identity: Copy of passport/voter ID card/driving license/PAN cards
  • Proof of address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
  • House ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
  • Bank statement - Last 3 months bank statement
  • Income proof: Salary slip for last 3 months/ current dated salary certificate with the latest Form 16
  • Investment Proof (if any): Please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.
  • Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.

Self-Employed Applicants:

  • Application form and your latest photograph (2)
  • Proof of identity for Residence: Copy of passport/voter ID card/driving license/PAN card
  • Proof of address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
  • House ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
  • Office Address Proof: Maintenance Bill, Utility Bill
  • Office Ownership Proof: Property Documents, Maintenance Bill, Electricity Bill
  • Business Existence Proof: Saral Copy for 3 yrs, Shop Establishment Act, Any Tax Registration Copy, Company Registration license
  • Income Proof: Latest 2 years Income Tax Returs including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Bank Statement: Latest 1 year bank statement both current and savings.
  • Investment Proof (if any): please submit if any investments like, Fixed Deposit, Shares, Fixed Assets, etc.
  • Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.

Are you ready to explore the different options available for your Marriage Loan?

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