Marriages in a metropolitan city are grand and expensive and at times it gets difficult to deal with such expenditure. If you are living in Delhi/NCR, Hyderabad and Greater Mumbai Region, you can opt for DCB Bank Marriage Loan to deal with various wedding expenses like catering, venue, jewelry, invitation cards, accommodation for guests and a lot more. The loan saves you from the embarrassment of asking money from relatives and can be repaid later with easy installments.
DCB Bank Marriage Loan- Interest Rate
The DCB Bank offers attractive interest rates so that you don’t feel overburdened with the money you borrow. The interest rate for DCB Bank Marriage Loan is considered after looking at various factors like age, income, area, etc.
DCB Bank Marriage Loan- Eligibility Criteria
The following individuals are ideal to avail DCB Bank Marriage Loan:
- Salaried individuals like employees of private/public limited companies, multinational corporations, government employee, reputed partnership firm and other concerns getting a regular monthly salary.
- Self-employed professionals like cost work accountants, charted accountants, doctors, company secretaries, architects, etc.
- Partnered and directors of Pvt. Ltd. Companies.
- Self- employed non- professionals like merchants, small traders, consultants, agents, etc.
The minimum and maximum age criteria to opt for DCB Bank Marriage Loan are as follows:
- Age at the time of sanction: If you are a salaried or a self- employed individual, your minimum age should be 25 years at the time of sanction.
- Age at the time of loan maturity: If you are a salaried individual, your age at the time of loan maturity should be 60 years and if you are self- employed, your age at the time of loan maturity should be 65 years.
DCB Bank Marriage Loan- Documents Required
If you wish to avail DCB Bank Marriage Loan, you need to submit the following documents:
- Aadhar Number
- Address Proof (Passport, Bank statement, Voter ID, Electricity Bill (within last 3 months), Post-paid telephone bill
- ID Proof (PAN card, Aadhar card, Voter ID, Passport)
- Latest salary slip of past 3 months
- Latest bank statement of past 3 months of salary account
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Frequently Asked Questions (FAQ)
Ques: What is the minimum and maximum loan amount that I can avail from DCB Bank?
Ans: The minimum loan amount is Rs. 50,000 and the maximum loan amount is Rs. 5 lakh.
Ques: What is the tenure for DCB Bank Marriage Loan?
Ans: The tenure for DCB Bank Marriage Loan ranges from 12 to 48 months.
Ques: Is there any processing fee to be paid for DCB Bank Marriage Loan?
Ans: Yes, a processing fee of 2% + GST of the loan amount is charged.
Ques: How quickly will the amount get disbursed?
Ans: The amount will be disbursed within 3-4 working days.
Ques: Is it possible to pre- close the loan? And how?
Ans: Yes, you can request a pre-closure but only after the 12th installment. The charges that will apply would be 5% + GST.
Ques: Will I need any references if I wish to avail DCB Bank Marriage?
Ans: Yes, you need 2 references to apply for this loan.
- For salaried individual: References can be a friend, a colleague and a relative excluding a blood relative and a relative residing at the same address.
- For self- employed individual: References can be a customer, supplier or a peer.