InCred is a new-age financial services platform that offers quick and flexible loan options. If you are planning to get married, Marriage Loan is the right option for you to fund your dream wedding as it takes care of all the expenses so that you can enjoy each and every moment to the fullest. Without any branch visit, InCred Marriage Loan is processed and sanctioned online without any hassle.
InCred Marriage Loan Interest Rate
Very nominal and easy to repay, the interest rate charged on InCred Marriage Loan does not make your monthly installments heavier. The interest rate offered may vary from individual to individual and completely depends on various factors like income, age, location, occupation, etc.
Also Read:What 6 factors determine the interest rate on a personal loan?
Apply for a Personal Loan online starting at only 10.25%* p.a. Apply Now
Eligibility Criteria
The eligibility criteria for InCred Marriage Loan are listed down. If you fit in the criteria, you will easily get a loan.
| Parameters | Salaried Individuals | Self- Employed Individuals |
| Minimum age | 23 years | 25 years |
| Maximum age at loan maturity | 60 years | 65 years |
| Minimum employment/ years in business | 1 year | 3 years |
Documents Required
To apply for an InCred Marriage Loan, copy of any of the following document is required:
For individuals:
- Passport.
- PAN card or Form 60.
- Voter’s ID card.
- Driving License.
- Utility bill which is not more than two months old of any service provider (electricity, telephone, postpaid mobile phone, piped gas, water bill).
For company:
- Memorandum and Articles of Association.
- Certificate of incorporation.
For partnership firms:
- Registration certificate.
- Trust deed.
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: What is the tenure for which I can avail a marriage loan?
Ans: The tenure for a marriage loan varies from 12 months to 60 months.
Ques: Do I have to pay any charges for marriage loan?
Ans: A processing fees is charged on this loan and the fee is deducted from the disbursal amount that is paid by you.
Ques: Can I foreclose or repay the loan?
Ans: Yes, the entire loan amount can be prepaid by you after the loan tenure of 6 months.
Ques: How will the loan amount be disbursed?
Ans: After the approval, the loan amount will be digitally transferred to your bank account.
Ques: What happens if I miss an EMI payment?
Ans: If you miss an EMI payment, you will have to pay a bounce fee and a late payment penalty. Also, your credit history will be impacted and will make it difficult for to avail a loan in the future.