IIFL Marriage Loan is designed to be credited to your account in just 8 hours so that you instantly start preparing for your wedding. The loan ensures that you don’t feel overburdened or stressed-out with your wedding’s expenses and have good amount of cash in hand to fulfill all your dreams and fantasies. The best part of availing Marriage Loan is that you can spend the money on anything from venue to invitation cards to dresses to jewelry to honeymoon to a lot more.
IIFL Marriage Loan – Interest Rate
Offering attractive interest rates starting from 13%, the IIFL Marriage Loan makes sure that your EMIs stay affordable throughout the loan tenure. The interest rate is influenced by your age, salary, location, employment and a lot more.
Also Check:Which bank gives the low interest rates on personal loan in India?
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Eligibility Criteria
The eligibility criteria for IIFL Marriage Loan are listed down. If you fit in the criteria, you will easily get a loan.
- Your minimum age should be 25 years and maximum should be 60 years.
- You should be a salaried individual.
- Your monthly income should be Rs. 35,000 or more.
- Your current address should be in any of these cities: Delhi/NCR, Mumbai including Vashi and Thane, Pune and Bangalore.
- You must have at least 2 years of total work experience.
- You must have minimum 6 months of work experience in current organisation.
Also Know: What are eligibility requirements for a personal loan?
Documents Required
If you want to opt for IIFL Marriage Loan, you need to keep a soft copy of the below mentioned documents:
- Aadhar Number
- ID Proof
- Address Proof
- Latest salary slip of past 3 months
- Latest bank statement of past 3 months of salary account
- Rent agreement (if applicable)
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: Are there any additional fees and charges applicable?
Ans: Yes, we charge you upto 2% processing fee and late payment charges if you default.
Ques: What tenures are allowed for IIFL Marriage Loan?
Ans: The loan tenures vary from 12 months to 60 months.
Ques: Can I add a co- applicant?
Ans: Yes, a co- applicant can be added to have a better credit score and to avail larger loan amount. Be smart and think twice before choosing the co- applicant.
Ques: Can I prepay my loan?
Ans: Yes, you can prepay the loan after 6 months of loan tenure without any prepayment fees.