A marriage loan from DBS Bank is an ideal option to deal with all the wedding related expenses including venue, catering, dresses, jewellery, invitation cards, decorations, etc. without any inconvenience. The bank offers a loan upto Rs. 15 lakh and the instant and paperless process allows you to get the loan amount in your account quickly.
DBS Bank Marriage Loan - Features
- Loan amount: With the maximum loan amount being as high as Rs. 15 lakh, you can deal with all your expenses with a single loan
- Digital process: The process to apply for DBS Bank marriage loan is 100% digital and involves paperless application process
- Flexible tenure: The tenure for DBS Bank marriage loan ranges from 12 to 60 months and ensures a stress-free repayment period
- Easy loan repayment: You can easily repay your loan amount through the app. This saves a lot of time and effort
DBS Bank Marriage Loan - Interest Rate
With interest rate starting from as low as 12.49%, the interest rate of DBS Bank marriage loan goes upto 23.99% and is offered to an individual depending upon his age, credit score, employer, repayment history, etc.
DBS Bank Marriage Loan - Eligibility Criteria
- You should be at least 22 years old
- Your maximum age should be 60 years at the time of loan maturity
- You should either be salaried or self- employed individual
- Your minimum monthly income should be Rs. 20,000
DBS Bank Marriage Loan - Documents Required
The bank offers a paperless process and asks only for some personal details. In case, you apply for a marriage loan that is over the approved limit, all you need to do is to upload bank details or statements (other than DBS Bank) from the comfort of your home or office.
How to Apply for DBS Bank Marriage Loan?
The process to apply for DBS Bank Marriage Loan is simple and quick if you apply through Paisabazaar.com. All you need to do is to click here and fill a form asking your basic information to check your eligibility and to process your loan application.
FAQs
What is the processing fee of DBS Bank Marriage Loan?
The processing fee is 2.50% of the loan amount + GST as applicable.
What are the foreclose charges and part-prepayment charges?
| Loan Tenure | Foreclosure Charges |
| 2 to 24 months | 4.50% |
| 25 to 36 months | 2.50% |
| >36 months | 2.00% |
| Loan Tenure | Part Pre- Payment Charges |
| 13 to 24 months | 4.50% |
| 25 to 36 months | 2.50% |
| >36 months | 2.00% |
How do I get in touch with DBS Bank?
- Ans: You can call the bank on 1860 267 1234 /1800 209 4555
- You can visit the nearest branch of the bank
How do I repay DBS Bank personal loan?
EMIs for DBS Bank marriage loan can only be paid though digiSavings account. All you need to do is to make sure that your account has sufficient funds at least 2 days before the payment date and the EMI will be deducted automatically.