Wedding Loans: Matrimony's Genius Move ๐๐ธ Matrimony.com just launched WeddingLoan.com, offering loans from โน1L-โน1Cr with EMIs up to 30 years! This bold step dives into Indiaโs $130B wedding industryโthe 2nd largest after food & grocery. Why this is a game-changer: 1๏ธโฃ Big fat Indian weddings are evolving: multi-day celebrations, destination venues, and Insta-worthy moments. 2๏ธโฃ Young Indians prioritize weddings over most expenses. Fun fact: 20% of 20-30-year-olds' loan applications are for weddingsโmore than travel or business! 3๏ธโฃ High margins: Wedding loans have interest rates of up to 36%โa win for lenders. 4๏ธโฃ Huge ticket size: Avg. wedding loan is โน4.13Lโhigher than loans for medical, household, or business needs. Matrimony isnโt just offering loansโitโs solving a real cultural need. Weddings in India are life events, and this fintech pivot feels like a masterstroke. ๐ญ Thoughts? Why hasnโt the wedding space seen more startup action? Letโs discuss! ๐
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