Marry Now, Pay Later Scheme

Marry Now, Pay Later

Marry Now, Pay Later

In India, weddings are grand celebrations connecting tradition and culture. However, the associated financial burden can often pose a challenge for aspiring couples. Then  Marry Now, Pay Later (MNPL) scheme comes into play, to ease the burden and make dream weddings more accessible. But, what is MNPL?  Let’s learn more about Marry Now, Pay Later exploring benefits, drawbacks, and key considerations before opting for this financing approach.

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Understanding MNPL (Marry Now, Pay Later)

As wedding celebrations continue to evolve, so do the financial solutions available to couples and families. MNPL, or Marry Now, Pay Later, represents a groundbreaking concept in wedding financing that is gaining traction in the modern era.

  • MNPL offers a flexible and innovative approach to managing wedding expenses, allowing couples to celebrate their special day without the immediate financial burden. 
  • This revolutionary concept enables individuals to access the funds they need for their dream wedding, with the flexibility to repay the amount over time.
  • By understanding MNPL, couples can embrace the joy of their wedding day without compromising on their vision.
    This approach not only provides financial freedom but also ensures that the focus remains on creating cherished memories that will last a lifetime.

With Buddy Loan, you get a personal loan specifically tailored for wedding expenses. 

You can borrow an amount ranging from ₹10,000 to ₹15 lakhs with repayment terms of up to 60 months. With interest rates at just 11.99% per annum, you only need basic documents. Download the app today and fulfil your loan requirement today.

Glimmering Promises: Why MNPL?

MNPL adopts a vendor-specific financing model. By partnering with wedding vendors like banquet halls, caterers, decorators, and photographers, an  MNPL provider directly pays the vendors on your behalf.
You, in turn, repay the loan amount to the MNPL provider in convenient monthly instalments. 

Let’s look into the features of MNPL, and why it is a worthy option:

  1. Accessibility: Individuals with limited credit history or income restrictions, who might struggle with traditional loans, can find solace in MNPL’s relaxed eligibility criteria. (Source: Economic Times)
  2. Financial Discipline: Spreading wedding expenses over manageable instalments fosters responsible financial management and budgeting.
  3. Convenience: Eliminate the hassle of juggling payments to multiple vendors, simplifying the financial flow.
  4. Transparency: Clear agreements upfront ensure a complete understanding of loan terms, interest rates, and fees.
  5. Potential Discounts: Partner vendors might offer exclusive discounts to MNPL customers, making the deal even sweeter.
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Choosing the Right MNPL Provider:

Marry Now Pay Later (MNPL) schemes are becoming a trend in India allowing  you to finance your wedding and repay in instalments. But with various providers offering different terms, choosing the right one can be overwhelming.

This easy-to-understand table compares key features of leading MNPL providers in India:

Feature Bajaj Finserv  Shaadify FlexiCash by CreditMate Oneindia Weddings ZestMoney
Loan Amount ₹1 lakh – ₹35 lakh Up to ₹5 lakh Up to ₹10 lakh Up to ₹4 lakh Up to ₹2 lakh
Repayment Tenure Up to 60 months Up to 36 months Up to 48 months Up to 36 months Up to 36 months
Interest Rates 14.99% – 23.99% p.a. 15% – 24% p.a. 18% – 26% p.a. 14% – 36% p.a. 16% – 31% p.a.
Processing Fees Up to 2.5% + GST Up to 3% + GST Up to 5% + GST Up to 4% + GST Up to 3% + GST
Prepayment Charges
Nil Up to 4% Up to 5% Up to 4% Up to 3%
Eligibility Criteria Salaried/Self-employed, good credit score PAN card, Aadhaar card  PAN card, Aadhaar card PAN card, Aadhaar card  PAN card, Aadhaar card
Partner Merchants Wide range of wedding vendors Specific wedding vendors Specific wedding vendors A wide range of merchants Limited wedding vendors
Unique Features Flexible repayment options, instant approval Personalised service, end-to-end wedding planning assistance Wide vendor network, cashback offers Flexible repayment options, instant approval Flexible loan usage

Some Useful Tips:

  1. Compare interest rates and fees: Don’t just focus on the loan amount; consider the total cost of borrowing.
  2. Check eligibility criteria: Ensure you meet the provider’s requirements before applying.
  3. Read the terms and conditions carefully: Understand all charges, repayment options, and prepayment penalties.
  4. Consider your budget: Only borrow what you can comfortably afford to repay.
  5. Explore other financing options: Compare MNPL schemes with traditional wedding loans or personal loans.


Marry Now, Pay Later offers a  solution for financing your dream wedding. Carefully weigh the advantages and disadvantages, assess your financial capacity, and explore alternative options. 

By approaching MNPL with informed awareness and responsible planning, you can embark on your married life with a joyous celebration and a sound financial footing.

Remember, a wedding is a significant life event, not just a financial transaction. Prioritise love, and shared values, and build a strong foundation for your future together, regardless of the chosen financing approach.

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Q1. What is the Marry Now Pay Later Scheme?
The Marry Now Pay Later Scheme is a financing option that allows couples to cover wedding expenses upfront and repay the amount over time after the wedding.

Q2. How does the Marry Now Pay Later Scheme work?
Couples can avail themselves of funds to finance their wedding expenses and repay the borrowed amount in instalments over a predetermined period post-wedding.

Q3. What are the eligibility criteria for the Marry Now Pay Later Scheme?
Eligibility criteria typically include factors such as income stability, creditworthiness, and sometimes marital status.

Q4. Are there interest rates associated with the Marry Now Pay Later Scheme?
Yes, the Marry Now Pay Later Scheme usually involves interest rates, which vary depending on the lender and the terms of the scheme.

Q5. Can couples customise the repayment schedule in the Marry Now Pay Later Scheme?
Depending on the lender, couples may have some flexibility in customising the repayment schedule to suit their financial situation.

Q6. Is there a minimum credit score required for the Marry Now Pay Later Scheme?
Some lenders may have a minimum credit score requirement for applicants to qualify for the Marry Now Pay Later Scheme.

Q7. What expenses can be covered using the Marry Now Pay Later Scheme?
Wedding-related expenses such as venue booking, catering, decorations, attire, and other miscellaneous costs can typically be covered using the Marry Now Pay Later Scheme.

Q8. How long is the repayment period in the Marry Now Pay Later Scheme?
The repayment period varies among lenders but typically ranges from a few months to a few years, allowing couples to repay the borrowed amount gradually.