Question 1

I am considering taking a loan for daughter's marriage. Can I apply for the loan individually, or does she have to be a co-applicant?

Accepted Answer

You can apply for the loan for wedding individually or jointly with your daughter. She does not have to be a co-applicant mandatorily. If you choose to apply for the loan jointly with your daughter, both of you have to provide the required documents.

Question 2

What is the process to repay the loan?

Accepted Answer

You can repay the Marriage Loan by setting up standing instructions for monthly payments on a fixed date. You can also provide post-dated cheques. You may use NEFT/RTGS/IMPS or UPI to maintain sufficient funds to debit the loan EMI amount.

Question 3

What expenses can I fund using the Wedding Loan?

Accepted Answer

You can pay for decoration, catering, photography, videography, venue, trousseau, jewellery, etc. There is no end-use restriction on digibank Marriage Loans.

Marriage Loan

Marriage Loan

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