In order to manage all your wedding expenses you can opt for Federal Bank Marriage Loan, which is the easiest and the quickest way to arrange funds for the big day. From catering to venue to clothes to jewelry to invitation cards, the Federal Bank Marriage Loan is a perfect choice to make if you want to handle all the finances related to your wedding without any hassle.
Interest Rate
The interest rate of Federal Bank Marriage Loan varies from 11.49% to 14.49. However, the interest rate offered to you is decided after considering various factors like age, income, employment, area you live in and a lot more.
Eligibility Criteria
- Your net monthly salary should be minimum Rs. 25,000.
- Your maximum age at the end of loan tenure should be 60 years.
- You should be working in the present organisation at least for 3 years.
Documents Required
- KYC Documents Income Documents.
- Proof of Identity (Voters ID Card, Passport, PAN Card, Driving License.
- Address Proof (Electricity Bill/Ration card Tel/Passport/Lease Agreement.
- Copy of PAN Card.
- Latest Passport size photo of the applicant (2 copies).
- Latest salary certificate/Last 3 months salary slips.
- Form 16/Income Tax Returns(last 2 years).
- Last 6 months salary account statement.
- Loan application form duly signed.
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Federal Bank Personal Loan with minimal documentation Click Here
Frequently Asked Questions
Q. What is the customer care number of Federal Bank?
Ans. The customer care number of Federal Bank is 1800 425 1199 or 1800 420 1199.
Q. What is the maximum marriage loan amount offered by Federal Bank?
Ans. The maximum marriage loan amount offered by Federal Bank is Rs. 25 lakh.
Q. How can I apply for Federal Bank Marriage Loan offline?
Ans. You can apply for the marriage loan offline by visiting the nearest branch of the bank.
Q. What is the processing fee of Federal Bank Marriage Loan?
Ans. The processing fee is up to 0.50% (subject to a minimum of Rs. 500/-).