Planning a destination wedding? With IDBI Bank Marriage Loan, all your marriage related expenses can be handled without any stress. If you are a salaried individual, self- employed professional, non- professional or a pensioner, you can avail IDBI Bank Marriage loan that goes upto Rs. 5 lakh and can be repaid within flexible tenure ranging from 12 to 60 months.
IDBI Bank Marriage Loan – Interest Rate
Ensuring to make your EMIs affordable, IDBI Bank offers an interest rate starting from 9.50%. The interest rate may vary depending upon an individual’s credit score, employer, age, etc.
Eligibility Criteria
| Parameters | Salaried/Pensioners | Self Employed Professional/ Non- Professional |
| Eligibility | All salaried/Pensioner customer having corporate salary account /Pension account with IDBI Bank. | Self Employed Professional/Non Professional having Asset/Liability relationship with IDBI Bank |
| All Confirmed/permanent employees of State/ Central/ PSU/ Departments, Multi-National Companies, Listed Companies, Reputed Pvt Ltd Companies with or without existing relationship with IDBI Bank. | ||
| Minimum Net Salary/Income | For salaried class: Rs. 1,80,000 p.a. | For self- employed borrower: Rs. 3,60,000 p.a. |
| For self-employed non- professional: Rs. 5,00,000 p.a. | ||
| Age | For salaried class:
· Minimum age should be 21 years · Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier |
For self- employed class:
· Minimum age should be 21 years · Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier. |
| For pensioners/family pensioners: 75 years (at the date of maturity of loan amount) |
Also Know: What is Minimum Salary Required For a Personal Loan?
Documents Required
The documentation for IDBI Bank marriage loan may vary for different individuals but the basic documents that every individual will require to submit are as follows:
- Identity Proof: A copy of PAN Card or Passport or Voter’s ID
- Address Proof: A copy of Passport or Utility Bill
- Bank statement of the last six months
- Salary slips of last six months for salaried employees
- Form 16/Income tax returns of the last two years
- Filled application form
- Passport size photographs
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
FAQs
Q. Can I avail a top-up facility on my marriage loan?
Ans. Yes, the existing account holders of IDBI Bank with minimum 12 months and good repayment track can apply for a top- up loan to avail extra funds.
Q. How do I get in touch with IDBI Bank customer care?
Ans. You can call on 1800-209-4324/ 1800-200-1947/ 1800-22-1070 (toll- free numbers).