Marriage Loans

Weddings are a time for family jubilation. No stone is left unturned to make wedding functions complete success. Marriage loans are gaining popularity in both rural as well as urban areas. Such a loan can also be availed under the personal loans category.

Maximum Amount of Marriage Loans Provided:
The maximum amount of loan varies form customer to customer,depending on a number of factors like, security/collateral offered by the customer, repayment capacity of the borrower, age of the borrower. Repayment can be done through monthly/quarterly/half yearly installments or under Equated Monthly Installments or EMI.

Interest Charged by Banks on Marriage loan:
The rate of interest is governed by the prevailing market rate at the time of loan taken. Fixed interest rates are generally preferred by customers.

Process of Marriage Loans Application:
Anyone can apply for a marriage loans by filing a form at the bank outlet. The banks charge a nominal amount as processing fee, this can vary in banks. Documents Required for Marriage Loans Approval:
Salaried Individuals:

• Proof of Identity (Passport Copy/ Voters ID card/ Driving License).
• Address Proof (Ration card Tel/elect. Bill/ / Passport copy)
• Bank Statements(latest 6 months bank statement /passbook)
• Latest salary slip or current dated salary certificate with latest Form 16

Self Employed Professionals and Businessmen:

• Proof of Identity (Passport Copy/ Voters ID card/ Driving License).
• Address Proof (Ration card Tel/electricity Bill/ Passport )
• Bank Statements(latest 6 months bank statement /passbook)
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
• Qualification proof of the highest professional degree
• Proof of continuation (Trade license /Establishment /Sales Tax certificate)
• Other Mandatory Documents(Sole Proprietorship. Declaration. Or Certificate. Copy of Partnership Deed,Cert. Copy of MOA, AOA & Board resolution.)

List of Some of Banks Providing Marriage Loans:

* Terms and conditions may vary from bank to bank.
View Comments

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By Samsudeen (on Jan 29, 2012 10:54 PM) Need marriage loan

By Vicky (on Nov 10, 2011 11:20 AM) Please mail me for 1. name of banks giving marriage loan 2. their interest rates of diff. banks 3. documents required for every bank.

By Nikky (on Nov 08, 2011 10:28 AM) I Need a marriage loan . having all the proof which required. kindly do the needful. Thanks

By Susmita Hore (on Sep 12, 2011 03:49 PM) My Net Salary is 10K & annual CTC is 1,38,000. I need a marriage loan amounting Rs.1lac. Pls guide me.

By Aasmita (on Aug 04, 2011 05:45 PM) I NEED A MARRIGE LOAN. I AM SALRIED PERSON.MY SALARY IS 12K.PLZ ADVICE ME.

By Jiyazi (on Aug 01, 2011 06:09 PM) I want to apply marriage loan, i am salaried working in saudi arabia, need advice.

By Mamta Thakur (on Jul 20, 2011 12:11 PM) I Need a marriage loan . having all the proof which required. Please tell me what is the procedure, intarest & EMI information. kindly do the needful. Thanks Mamta Thakur

By Arvind (on Jul 17, 2011 02:37 PM) I Need a marriage loan . having all the proof which required. kindly do the needful. Thanks

By L. samarjit (on Apr 11, 2011 05:42 PM) Wanted personal loan.central govt. Employee

By Vinish (on Mar 21, 2011 03:38 PM) I need marriade loan

By AMJAD KHAN (on Mar 11, 2011 03:47 PM) I want personal loan

By Rikki (on Mar 09, 2011 02:41 PM) Need marriage loans

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