Fund your dream wedding by applying personal loan for marriage with Buddy Loan. ✓ Low-interest rate ✓ High approval ✓ Instant money transfer ✓ No collateral required ✓ Apply Instant Personal loan for wedding
Does everyone get the same amount?
No. It depends on several factors.
EMI to Income ratio – If a person is already paying EMI, the amount of EMI they are paying can reduce their marriage loan amount eligibility. Higher the EMI being paid, lower the wedding loan amount eligibility.
Credit score – A credit score upwards of 750 indicates healthy repayment habits. A score of less than 700 may not be entertained by a few banks, yet there are several others who have lower credit score requirement thresholds.
Employment status – Designation, type of work, employment location can all have a bearing on the amount of marriage loan disbursed. Credit departments of banks and financial institutions have their own methodologies for adjudicating the repayment index of an individual.
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