- Loan amount: From Rs. 25,000 to Rs. 50 lakh
- Interest rate: 9.99%-24.00% p.a.
- Loan tenure: 12 to 84 months.
- Processing fees: Up to Rs. 6,500/- + GST
- Collateral: Not needed
HDFC Bank Marriage Loan
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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End-to-End Digital Process
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
Snapshot of HDFC Wedding Loan
Why Consider HDFC Personal Loan for Wedding Expenses
Borrowers can get a personal loan for marriage in a quick and simple manner from HDFC Bank. The lender offers multiple benefits including:
HDFC Marriage Loan Interest Rate Structure
HDFC Bank Personal Loan interest rates for marriage loans range between 9.99% - 24.00% p.a. While the bank has not disclosed the differential interest rates based on credit-score, occupation, income or other parameters, most lenders consider monthly income, job profile, employer’s profile, credit score, etc. of the loan applicants for setting their personal loan interest rates
Charges Applicable on HDFC Wedding Loan
Processing fees: Up to Rs. 6.500
Prepayment Charges
| Premature Closure Charges (For Full Payment) | Premature closure charges (applicable on principal outstanding) post cooling-off/look-up period:
Up to 24 EMI repayment: 4% of principal outstanding. Post 24 EMI and up to 36 EMI repayment: 3% of principal outstanding. Post 36 EMI repayment: 2% of principal outstanding. |
| Premature Closure Charges (For Part Payment) | Partial premature closure charges (applicable on part payment amount):
Partial premature payment is allowed post payment of first EMI. Post 01 EMI and up to 24 EMI repayment: 4% of part payment amount. Post 24 EMI and up to 36 EMI repayment: 3% of part payment amount. Post 36 EMI repayment: 2% of part payment amount. Partial premature payment is allowed, post servicing of 1st EMI, up to 25% of principal outstanding, only once in the financial year and twice during the loan tenure. |
Other fees and charges
| Legal/Incidental Charges | At actuals |
| Interest on Unpaid Instalment | If the due date for the EMI is missed, interest will be charged on the unpaid EMI for the number of days it was delayed. |
| Amortization schedule charges | Rs. 50 per schedule for physical copy. Customers can also download from the website free of cost. |
| Payment Return Charges | Rs. 450 per instance |
Step-by-Step Process to Apply via Paisabazaar
Applicants can apply for a HDFC marriage loan on Paisabazaar by following the steps below:
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Apply Now
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Overview
HDFC Bank Personal LoanHDFC Personal Loan Interest RateHDFC Marriage LoanCIBIL Score for HDFC Personal LoanHDFC Personal Loan EMI CalculatorHDFC Personal Loan Documents RequiredHDFC Personal Loan Balance TransferHDFC Personal Loan EligibilityHDFC Personal Loan Customer Care NumberHDFC Personal Loan Mobile AppHDFC Personal Loan LoginHDFC Personal Loan PaymentHDFC Personal Pension Plus PlanHDFC Personal Loan Status
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FAQs
What is the maximum loan amount available for HDFC Marriage Loan?
The maximum loan amount offered by HDFC for marriage is Rs. 50 lakh. However, the final approved limit depends on a borrower’s creditworthiness.
What is the interest rate for HDFC wedding loan?
HDFC personal loan is offered at an interest rate starting from 9.99% p.a. However, the final interest rate on your loan will be decided based on a number of factors, including your credit score, income, employment profile and more.
What is the repayment tenure for HDFC marriage loan?
The repayment tenure for HDFC marriage loans ranges from 12 to 84 months. Borrowers can opt for a tenure based on their repayment capability.
Can I get a marriage loan without collateral?
Yes, HDFC offers marriage personal loans without collateral. Additionally, borrowers can also check other personal loan offers for marriage on Paisabazaar and choose the best-suited one.
Can I prepay my HDFC marriage loan?
Yes, you can prepay your HDFC marriage loan. The lender charges prepayment fees on both part and full prepayment. Borrowers should consider these charges before prepaying to maximize their benefits.
What credit score is required for a wedding loan?
A credit score of 750 and above is preferred by the lender for marriage personal loan.
Can self-employed individuals apply for HDFC wedding loans?
Yes, self-employed individuals can apply for a HDFC marriage loan. However, the eligibility criteria for self-employed individuals may be different from salaried individuals.
What expenses can be covered under a marriage loan?
Weddings are usually expensive. Personal loans can help borrowers cover the cost of many things, including decoration, food & lodging, jewellery shopping and more.
Can I apply for an HDFC marriage loan online?
Yes, borrowers can apply for a HDFC marriage loan online through Paisabazaar. They can either visit the official website or download the Paisabazaar App for apply for loan.
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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