Wedding Loan: The expenses of wedding will no longer be tension, take a wedding loan – Interest Rate for Wedding Loan and Six Required Documents
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Wedding Loan. If you are upset with the problem related to the budget for marriage, then you can take a wedding loan, but you should have the necessary documents and credit score before taking a loan for marriage.
Loans from banks can be taken for marriage., Image Canva
New Delhi. Loan… We are all familiar with this term or word. Many of us have taken loans for home loan, education loan or purchase of a product. In fact, in the event of shopping or not completing studies with your regular income, loan is taken. So today we will share with you especially the information related to Wedding Loan.
The way the trend of destination wedding is increasing, in the same way people are taking loans for their D-Day and different banks are also helping couples and their family and friend to make this one day memorable by giving wedding loans. Let’s know all the important information related to loan for marriage.
Also read: Cricketer Ravindra Jadeja’s wife Rewaba is B.Tech pass, know his journey till his MLA
Which banks can take loans for marriage?
The process of taking a wedding loan or marriage loan is also like taking other loans. Therefore, one should contact the bank directly to take a wedding loan. Loans can be taken from other banks like State Bank of India, HDFC Bank, ICICI Bank, Axis Bank. The loan amount can be from 50 thousand to 20 lakh rupees. After taking the lane, the person will have to pay the bank through EMI every month.
Wedding loan and interest rate
State Bank of India (SBI)- 10.65%-15.15%
HDFC Bank- 11.00%
ICICI- 10.75%
Axis Bank- 10.49%
Kotak Mahindra Bank (Kotak Mahindra Bank)- Starts from 10.99%
Indusind Bank- Starts from 10.49%
These are current interest rates, changes can also be seen in them.
Also read: SBI Credit Card Rules: Tomorrow will change the rules of this credit card of SBI, know new rules regarding reward points
How to apply a wedding loan?
If you are planning to take a loan for marriage, then it requires qualification and some documents. As:
1. The person taking the lane should be at least 21 years old
2. Monthly income of person should be Rs 15,000
3. Credit score should be 750 or more
Along with these 3 things mentioned above, documents are also necessary, such as:
1. Aadhar Card, PAN Card, Passport or Voter ID Card
2. Station Address
3. Last 3 months bank account statement
4. Last 3 months salary sleep
5. Workers Certificate
6. Form 16 or last year ITR
