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Tata Capital Travel Loan

Tata Capital Wedding Loan

Overview

Marriage is one of the most important milestones in anyone’s life. As a parent, you are always watchful of the savings for your children’s marriage. As an individual, you dream about a fairy tale wedding and strive to save for it. Weddings are expensive and require well-planned financing to make it a memory for life. Tata Capital offers personal loan for weddings that can help you pay for all expenses on the special day. They offer a product that fits your budget in a timely manner. With minimal documentation and easy application process, this product is a life-saver for those planning for the event of their lives. More details on Tata Capital Wedding Loan can be found below.

Tata Capital Wedding Loan – Features & Benefits

Tata Capital Wedding loan is loaded with features and benefits that make it a very attractive financial product. The key highlights of this loan are:

  • Tata Capital Wedding Loan requires minimal documentation in the application process. There is a simple online form that needs to be filled out and submitted with the required documents. The process is hassle-free and quick.
  • Tata Capital offers this product as an unsecured personal loan. There is no requirement for collateral.
  • Repayment options are flexible. Tata Capital offers to increase the EMIs when your salary increases or you can start paying higher EMIs to reduce the loan amount over a period of time.
  • Fast approvals are provided for this loan. Within minutes, Tata Capital will approve your loan application and cash disbursed into your account.
  • Competitive interest rates are another advantage of this product. However, it depends on the loan eligibility, income and any other criteria as laid out by Tata Capital.
  • Loan tenure is available up to 48 months. EMIs are dependent on the principal amount, interest rate applicable and the period for which the loan is taken.
  • Tata Capital offers Wedding EMI calculator on their website wherein you can choose the EMI amount and calculate the outflow.
  • Prepayment of loan is an available option.
  • The loan payment can be done through ECS or Auto Debit facility.

Tata Capital Wedding Loan – Eligibility Criteria

There are some eligibility criteria laid out by Tata Capital to avail the Tata Capital Wedding Loan. This helps the application process to be smooth and quick. An eligibility calculator is available on the official website of Tata Capital that will assist you to understand the basic requirements before applying for the loan. The eligibility details of wedding loan are mentioned below:

Minimum Age22 years
Maximum Age58 years
Earning Requirements
  • Salaried
  • Minimum two years of work experience
  • Should have been in the same organisation for at least 6 months
  • Minimum salary of Rs. 20,000 per month
Maximum Loan AmountRs. 15,00,000

Tata Capital Wedding Loan – EMI Options

Tata Capital offers different EMI options while taking a Wedding Loan. There are two options available for consideration:

1) Standard EMI Plan

The Standard EMI Plan allows you to pay the principal amount of the loan along with the interest consistently during the loan tenure. In this case, the EMI amount remains constant during the entire duration of repayment. This option is ideal for those who have consistent income.

2) Step Up Flexi EMI Plan

This option offers a high degree of flexibility. One can pay lower EMIs in the beginning of the loan tenure and increase the EMIs when the salary increases. This type of EMI allows you to pay more when you can afford more. It also offers a higher Wedding Loan eligibility. Another advantage of this type of EMI is the management of income flow in an efficient manner. It must be noted that this EMI plan is best suited if you can expect an increase in your income at regular intervals.

Tata Capital Wedding Loan – Documents Required

Tata Capital Wedding Loan – Documents Required

  • Photo Identity Proof: Voters ID/Passport/Driving License/Aadhaar Card
  • Salary Slips: A copy of the salary slips for the last 3 months
  • Certificate of Employment: A certificate that states continuous employment for the last one year
  • Proof of Income: A copy of bank statements for the last 6 months
  • Proof of Address: Copy of Ration Card/Electricity Bill/Passport

How to apply for Tata Capital Wedding Loan?

Tata Capital has simplified the process of applying for a Wedding Loan. There are many ways to approach them to take this loan. One can take up to a maximum loan amount of Rs. 15 lacs. The easiest and fastest way to apply for this loan is online.

Apply Online: The online method takes the least amount of time for applying. One needs to complete a simple form which takes less than ten minutes and upload the required documents for submission. The loan can be expected to be approved within a few days.

Phone: Another option is to utilize the customer support services of Tata Capital. Call back option is also available.

Branch Visit: Tata Capital has 200+ branches across the country. One can visit the nearest branch office and physically submit the loan application.

The process of application for Tata Capital Wedding Loan can be summarised as below:

  • Check your eligibility using the personal loan eligibility calculator online on the official website of Tata Capital.
  • Select the loan amount and the tenure.
  • Submit the application form.
  • Receives funds in your account within days.

FAQs: Tata Capital Wedding Loan

1. What is Tata Capital Wedding Loan?

Tata Capital Wedding Loan is a type of unsecured personal loan wherein finances can be borrowed to fund your wedding. There is minimal documentation required and funds are disbursed quickly.

2. What are the different EMI options available with Tata Capital Wedding Loan?

Tata Capital offers flexibility in choosing EMI payments. There are two options:

  • Standard EMI plan: The EMI amount remains the same throughout the period of loan.
  • Step Up Flexi EMI plan: Repayment begins with lower EMI amounts and increases as and when one’s salary also increases.

3. What are the age criteria to apply for Tata Capital Wedding Loan?

The minimum age at the time of application for this loan is 22 years and maximum age is 58 years.

4. What are the documents required to apply for Wedding loan?

The following documents are required to be submitted along with the application form for smooth processing of the loan:

  • Photo Identity Proof
  • Address Proof
  • Income Proof
  • Salary Slips
  • Certificate of Employment

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