What is the minimum amount I can get as a marriage loan?
Posted by Buddyloan on April 30th, 2020
Marriage is an alliance of two souls, and families. Marriage loans are basically a type of personal loan. Think of your loan as a personal loan, but for the purpose of funding your marriage. Buddy Loan is the best loan aggregator that disburses them at lower interest rates starting at 11.99% p.a.
Every parent, every family, perhaps, endeavours to see their children wed in pomp and opulence. This occasion marks a significant milestone in our lives as adults, and hence, parents wish to make it a grand event for their son/daughter.
Credit to the RBI for adopting an accommodative stance in its monetary policy. Plus, the documentation is minimal and comes with quick approval. The maximum Marriage loan that can be approved of is Rs 20 lakh, while the minimum is Rs 50,000.
Now as for the documentation, the bank decides the personal loan eligibility along with disbursal once they’ve conducted due diligence on the following documents:
These documents need to be submitted with the application form along with two photographs. Once the loan is sanctioned, before disbursement, the loan agreement copy will be duly signed and a standing instruction request / ECS mandate form and security deposit cheques are to be provided. Personal loan for marriage, Personal loan for wedding
Your loan amount that eventually gets approved or denied, depends on your age, net monthly income, employment type (salaried, self-employed, salaried professionals), employment status (term of employment, employability, etc.), CIBIL credit score, existing EMIs being paid, and in general, your ability to repay.
Most major banks and NBFCs in India offer marriage loans, like Punjab National Bank, ICICI Bank, State Bank of India, Citibank, IDBI Bank, Kotak Mahindra, HDFC Bank, Bank of Baroda, Capital First, Tata Capital, Axis Bank among many more.
Claim your Instant Marriage loan online with the least documentation. And, get Instant Marriage loan with the low-interest rate at Buddy Loan in India. Jog through the panel. Apply now https://www.buddyloan.in/marriage-loan-online.phpAlso See: Marriage Loan, Personal Loan, Marriage Loans, Self Employed, Marriage, Loan, Income
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