Loan Details

Bank Name

IDFC First Bank

Minimum Loan Amount

Up to ₹1 crore

Interest Rate

starting at 10.75% interest

Minimum CIBIL Score

Minimum Loan Tenure

84 months

Marriage loan

Fees and Charges

processing fees. It is offered at 3.5% and is deducted from the bank loan for marriage at the time of loan disbursal. EMI bounce charge, which comes up to ₹400, is also applicable each time you miss a wedding loan EMI. Both the duplicate statement of account and duplicate no objections certificate cost ₹500. Document retrieval charges also add up to ₹500 each time the documents need to be retrieved. Also, 5% of the entire bank loan for marriage is charged as foreclosure fees if you decide to foreclose the loan before its time. Lastly, 2% of the unpaid EMI or ₹300, whichever is higher, is charged as an overdue interest.

Eligibility

Personal loan for marriage eligibility for IDFC FIRST Bank is broken into two categories: personal loans for marriage for salaried individuals and instant personal loans for marriage for self-employed individuals. The eligibility criteria are as follows: For salaried people Age limit: 23 years old at the time of the application Maximum age: 60 years or retirement, whichever comes first, at the time of loan maturity Self-employed people The company must have been in operation for at least three years Age requirement: 25 years old at the time of the application Maximum age: At the time of loan maturity, you must be 65 years old

Special Concession

Fees, Eligibility and Concession

Pros

Cons

Pros and Cons

Purpose

Prospective personal loan borrowers can avail IDFC First Bank Marriage Loan to meet their wedding related expenses.

Special Features

Purpose and Features

How to Apply?

Documents Required

Account Opening and Procedures

Application Procedure

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