Shaadi.com, bharatmatrimony.com plan to offer marriage loans

Future Group CEO Kishore Biyani may make a foray into wedding finance. Following the lead will be leading matrimony portals like shaadi.com and bharatmartimony.com.

These matrimonial portals and Future Group are exploring options of providing similar financial services to their consumers, said media reports. The availability of this option has a huge value addition, so these portals are open for tie-ups with finance companies, including that of the Future Group.

According to industry estimates, the Indian wedding market is worth Rs 50,000 crore and is growing at 25 per cent annually.

Depending on the size and grandeur, a wedding can cost anywhere between Rs 5 lakh-10 crore.

Even overseas, there are personal loans available, but no wedding loans, making this a unique concept.