| Interest rate | 10.85% - 16.15% p.a. |
| Loan amount | Up to Rs. 20 lakh |
| Loan tenure | Up to 7 years |
| Processing fee | Up to 1% (Min. Rs 250; Max. Rs 15,000) |
Bank of India Marriage Loan

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Bank of India Marriage Loan Highlights
Features of Bank of India Marriage Loan
Does Bank of India Offer a Separate Marriage Loan?
Bank of India does not offer a separate marriage loan scheme for its applicants. Individuals can avail their regular personal loan scheme branded as “Star Personal Loan” to meet their wedding-related expenses, including shopping, catering, decoration, etc.
Bank of India Marriage Loan Interest Rates
Bank of India marriage loan interest rates start from 10.85% p.a. onwards depending on the credit profile of the applicant.
The lender sets its personal loan interest rates after factoring in the credit score, job profile, employer’s profile, monthly income, etc. of the applicants at the time of loan sanctioning.
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Bank of India Marriage Loan Eligibility
Below-mentioned is the marriage loan eligibility for Bank of India applicants:
Bank of India Marriage Loan Documents
Below-mentioned are the documents required for availing Bank of India marriage loan:
Also Check:Documents requirements for Bank of India Personal Loan
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FAQs
Does Bank of India offer a marriage loan?
No, Bank of India does not offer any special marriage loan scheme.
Can I use Bank of India personal loan for marriage?
Yes, you can use Bank of India personal loan for marriage purposes.
Who can apply for Bank of India Marriage Loan?
Permanent salaried, self-employed individuals and professionals can apply for Bank of India marriage loan.
What is the interest rate of Bank of India Marriage Loan?
Bank of India marriage loan interest rate starts from 10.85% p.a. depending on the credit profile of the applicant.
How much would be the EMI for Rs. 5 lakh wedding loan offered at 10.85% p.a. for 5 years?
The EMI for Rs. 5 lakh wedding loan offered at 10.85% p.a. for 5 years would be Rs. 10.834
How to calculate Bank of India Marriage Loan EMI?
You can calculate Bank of India marriage loan EMI using Paisabazaar’s Personal Loan EMI calculator.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*







