Your dream wedding need not be a dream any longer. With a Marriage Loan, make cherished memories with loans up to ₹40 lakh. Step into your new life together with grace and ease.
Whether it's an intimate ceremony or a grand gala, the flexibility of a Personal Loan for Marriage caters to your needs. You can borrow from ₹50,000 up to ₹40 lakh with repayment periods extending to suit your financial plans, ensuring your Marriage Loan is a burden-free experience.
Say goodbye to the worries of collateral. A Personal Loan for Marriage spares you the ordeal of asset pledge. Your promise and potential are all you need to secure a loan for wedding expenses, making it a trust-based affair.
When the wedding bells ring, time is of the essence. Swift processing ensures that your Personal Loan for Wedding is credited promptly, letting you focus on the joy and not the wait.
We understands the value of your time. With an online application process, convenience is at your fingertips. Apply for Wedding Loan from anywhere, at any time, and leap over the traditional hurdles of loan procurement.
A journey towards a significant milestone like marriage is laden with decisions. With a Wedding Loan, expert advice and support are always available, guiding you towards informed and beneficial financial choices.
You can spend on designer outfits, get the caterers of your choice and book the venue that will accommodate all your guests with the help of Axis Bank Personal Loan for Wedding. At Axis Bank, we provide you with attractive interest rate options that are completely transparent and have no hidden costs attached to them. Also, your Axis Bank Personal Loan account will attract certain charges which are listed here so you know what you are paying for.
| Fixed Rate Loan | 1 Yr MCLR | Spread over 1 year MCLR | Effective ROI | Reset |
|---|---|---|---|---|
| Personal Loan | 9.10% | 4.65%-13.65% | 10.49% to 22% | No Reset |
Looking for a Personal Loan online? Axis Bank offers the most attractive interest rates and charges on Personal Loans. Refer the table below to know more.
| Repayment instruction / Instrument return charges | Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable |
|---|---|
| Swap charges (Cheque/Instrument) | Rs.500/- per instance + GST as applicable |
| Penal Interest | @ 24% per annum i.e. 2% per month on the overdue installment. |
| Duplicate statement issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Duplicate Amortization schedule issuance charges | Rs.250/- per instance per set + GST as applicable. |
| Credit Information Companies (CICs) Report Issuance Charges | Rs. 50/- per instance per set + GST as applicable. |
| No Dues Certificate generation charges (Duplicate) | Rs.50 per instance per set + GST as applicable. |
| Stamp Duty Charges | As per State Stamp Act |
| Part Payment / Pre-Payment Charges | 5% + GST (As applicable) *Pre payment charges shall be charged on principal outstanding. *Part payment charges shall be charged on the amount of part payment. |
**(Subject to change as per Bank’s discretion from time to time)
** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
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All salaried individuals between the age limit of 21 to 60 years and with minimum net monthly income of Rs. 15,000 are eligible for Axis Bank Personal Loan for Wedding. The documentation is minimal and allows Axis Bank to process your Personal Loan application faster. Here is the eligibility criteria along with the documents required as per your occupation click here.
Securing a Wedding Loan is a straightforward process, anchored by a simple documentation requirement. Here's what you need to embark on the journey of marital bliss with the financial backing you deserve. You can apply online with zero documentation as well. Completed loan application form, passport-sized photographs, Identity proof (such as Aadhaar, PAN, passport or Voter ID), Address proof (like recent utility bills or rental agreement), Income proof (latest salary slips, bank statements or IT returns), Employment details (employer ID and office address)
Do note, if you are applying Digitally, there is no need to provide photographs.
To apply for a Marriage Loan at Axis Bank, begin by visiting the website and head to the 'Personal Loans' section. Complete the application form with necessary details. Ensure you have all your documents ready for submission, including identity and income verification. After reviewing the loan terms, submit your application. Approval could be granted in as fast as one working day with the correct documentation.
For those wondering about the monthly financial commitment, calculating your Marriage Loan EMI is made easy with Axis Bank's personal loan emi calculator. Input the loan amount, interest rate and term length to receive an instant estimation of your monthly installment.
As for the processing fee associated with a Wedding Loan, Axis Bank applies a charge of up to 2% of the loan amount, plus the Goods and Services Tax (GST). This fee covers administrative expenses incurred during the processing of your loan application.