Kotak Mahindra Bank Wedding Loan: Everything you need to know

Kotak Mahindra Bank Wedding Loan: Everything you need to know

Wedding is one of the most precious and essential occasions in anyone’s life and not everyone can afford to live it lavishly and that is where a wedding loan can stand out with those people to let them live this great occasion greatly.

Kotak Mahindra Bank personal loan for wedding is one of the best wedding Personal  loans in India. The loan offers extra cash besides your savings, and you can confront any sort of wedding expenditures easily.

On availing Kotak Mahindra Bank personal loan for wedding, you will not have to face long procedures and bank visits since the entire procedure is carried out online, therefore, you can apply for it at your convenience.

Before we take a plunge ahead, let’s take a look at the entire wedding loan by Kotak Mahindra Bank via highlights:

Kotak Mahindra Bank Wedding Loan – Highlights
Loan amountRs. 50,000 – Rs. 15 lakhs
DocumentationMinimal documentation
Loan tenor1 – 5 years
DisbursalWithin some hours post approval
Interest Rate10.99% – 24% p.a.

Kotak Mahindra Bank Wedding Loan – Eligibility Criteria

In order to avail the Kotak Mahindra Bank Personal Loan for Wedding, the fundamental eligibility criteria that you will need to meet are as follows:

  • You must be an Indian resident.
  • Your age must be between 21 and 58 years.
  • Your minimum monthly take-home salary should be Rs. 20,000/- per month.
  • You must possess a bachelor’s degree.
  • You must be living in a particular city for a minimum of 1 year.
  • You should possess at least 1-year work experience.

Kotak Mahindra Bank Wedding Loan – Documents Needed

In order to apply for Kotak Mahindra Bank personal loan for Marriage, the following are the documents that you have to be ready with:

  • Identity proof (Passport, PAN Card, Aadhaar card, Voter ID, Driving License, etc.)
  • Residence proof (Utility Bill, Passport, etc.)
  • Income proof (Last 3 months bank statement/salary slips showing income details)
  • 2-3 recent passport-size photographs

Kotak Mahindra Bank Wedding Loan – Benefits

Following are the advantages that you can relish on availing the Kotak Mahindra Bank personal loan for marriage. Take a look:

  • No need to annihilate the assets/investments

For the urgent requirement of cash to fund the wedding, people frequently opt for breaking their fixed deposits or eliminate their assets. Consequently, you may obtain a penalty and also miss interest on your deposit. Since a personal loan is unsecured in nature, therefore, it doesn’t need any sort of collateral to be eliminated; you can finance your marriage ceremony without wiping out your investments.

  • Instant disbursal

You can apply for a personal loan online at your convenience and as soon as you get the approval, the loan amount gets disbursed in almost no time means instantly. Once the amount gets credited into your bank account, you get the access to use it.

This implies that your wedding planning gets enhanced since you are not required to worry anymore about organizing the funds.

  • Appealing rates of interest

If you are in a virtuous financial position, you possibly can enjoy a competitive rate of interest on your wedding loan from Kotak Mahindra Bank and with a low rate of interest, you can get out of debt much sooner than anticipated.

  • Flexible usage

Since wedding loan is nothing but a personal loan which is often stated as personal loan for wedding too, there are no limitations on its utilization. You can utilize the loan amount for nuptial shopping, flight booking, hotel booking, makeup artist, and so on. Overall, Kotak Mahindra Bank personal loan for wedding will help you fulfil all the expenditures linked with your wedding and across.

  • Flexible repayment

The optimal thing about availing a personal loan for marriage is that you can pay off the taken loan amount in comfy and reasonable installments over a flexible tenor. You can customize the repayment tenure based on your income, financial objectives and cash availability.

Kotak Mahindra Bank Marriage Loan – Application Procedure

You can avail the loan for wedding from Kotak Mahindra Bank easily being hassle-free. Following are the ways to apply for Kotak Mahindra Bank personal loan for wedding at your ease:

  • Mobile-Banking

In order to apply through mobile app, simply open the app afterwards click on apply now and then fill your personal details, and you will be directed to loan application, fill that and submit it along with the required documents.

  • Internet-Banking

In order to apply through Kotak Mahindra Bank Portal, you will need to visit the personal loan page of the bank, click on apply now after that if you are an existing Kotak Banks’s customer, you will be asked to enter your CRN and linked mobile number with your bank account and if you’re not then you will be asked to enter your required personal details and post that you will be redirected to the loan application, fill that and submit it alongside all the required documents.


Kotak Mahindra Bank offers you to relish the competitive interest rate on wedding loan. The interest rate ranges from 10.99% to 24% p.a. (the exact rate of interest relies upon several factors, in particular, your creditworthiness, age, income, employment, work experience, etc.

If you are falling short on funds and seeking a loan to fund your wedding or wedding of any member of the family, Kotak Mahindra Bank personal loan for wedding can stand out for you as your best companion.