U.S. Personal Loans for Weddings in India

Updated on April 9, 2024

Weddings are magical events, but we all know they can be expensive. If you’re living in the U.S. as an immigrant or visa holder, you might have family in India whose wedding you want to pay for or contribute to. If you don’t have the necessary cash, though, don’t worry. You can get a loan for a wedding in India. Below we explain how this process works.

What is a Wedding Loan?

A wedding loan is basically a personal loan you use to pay for a wedding. Personal loans can be used for a number of things like buying a car, paying for a holiday, and even for paying a wedding. So, if you are in need of a loan to pay for a wedding, you can consider getting a personal loan.

How Do Wedding Loans Work?

A personal loan is usually an unsecured loan. This means it doesn’t require collateral (like an asset) as security for the money you borrow.

The terms and rates for personal loans vary from lender to lender. Generally, you can expect:

  • Loan amounts between $1,000 and $100,000
  • Repayment terms between 6 months and 7 years
  • Interest rates between 5% and 20% (although this will depend on your credit record and if you can sign with a cosigner).

How to Get a Personal Loan for a Wedding in India?

You can apply for a personal loan at most banks, online lenders, and credit unions. When you apply for a personal loan, lenders will look at a combination of factors to determine whether you qualify and what your rate will be. These factors include your credit score, income, employment, and your residency status.

You may encounter challenges with some lenders regarding the fact that you are not a U.S. citizen or permanent resident. Don’t lose hope, though.

Although there are many lenders who don’t lend money to non-citizens or nonresidents, there are lenders who do.

You might also be able to solve this problem by applying with a cosigner.

If you don’t have perfect credit you also don’t need to worry. There are personal loans for fair credit and loans for bad credit available.

So, irrespective of your residency status, there are definitely opportunities for you to get a loan for a wedding in India.

How to Pay for Wedding Back Home

Below we explain the step-by-step process of paying for a wedding back home in India.

Apply for a Personal Loan

Applying for a personal loan is easy. As explained above, you can apply at a bank, credit union, or online lender. Even though it’s easy, don’t just apply at the first lender you find. It is important to compare different lenders and the terms and rates they offer you.

You can do this by doing a soft credit check (which does not hurt your credit score) or pre-approval. You can then properly compare the rates and terms they offer you.

Receive  Disbursed Funds

This means you receive the money you applied for. Some lenders might require you to open a transactional account with them into which you can receive the funds. Other lenders will pay over the money into your existing bank account.

Transfer Funds to Family in India

This might sound like the tricky part – but it’s not. You can use a remittance service provider for this part of the process.

A remittance service provider transfers money electronically to people or businesses in other countries. This can be done via wire, mail or online transfers. Different service providers will use different methods. It is probably one of your safest options to make use of a remittance service provider.

Just like doing research on different lenders, it is essential that you do your homework about the different remittance service providers. You want to make sure you choose the safest and most reliable service provider.

When doing your homework, check whether the provider is regulated and licensed to provide remittance services. Also, compare the exchange rates of the different service providers and the transfer fees they’ll charge you.

For more tips on choosing the right remittance service provider, you can take a look here.

Repay Loan While in the U.S.

Once you’ve sent the money home, the only thing left to do is to repay the loan. It is crucial that you don’t miss any of your loan repayments. If you do, it will have a negative effect on your credit score. It could also prevent you from getting loans in the future.


Getting a loan for a wedding in India doesn’t need to be complicated. Find lenders who will offer you a personal loan and compare their rates and terms. Once you’ve found the best one apply for the loan, get the funds and use the loan for a wedding in India. We’re sure you’ll have a blast of a time knowing the costs are taken care of.

Personal Loans
 for Weddings in India!

Check Loan Options

Loans for up to $25,000. No cosigner required. No prepayment penalty.
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Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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