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
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IDBI Bank Marriage Loan
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:
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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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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*









