A grand wedding means spending a lot of money on venue, food, invitations, photographer, jewellery, clothes, etc. IndusInd Marriage Loan ensures that you get to enjoy the most important day of your life to the fullest. Tailor- made according to an individual’s goals and needs, marriage loan is offered in a variety of packages with attractive interest rates. If you choose IndusInd Marriage Loan, you will not run out of money during the wedding ceremonies and will have a stress-free celebration.
IndusInd Marriage Loan Interest Rate
Starting from 11%, the interest rates of IndusInd Marriage Loan are very economical and make sure that your repayments are comfortable and stress- free. The interest rate of an individual depends on various factors like age, income, location, repayment ability and a lot more.
Also Know:What is the minimum interest rate for personal loan?
Apply for a Personal Loan online starting at only 10.25%* p.a. Apply Now
Eligibility Criteria
| Parameters | Salaried Employees | Self- Employed Individuals |
| Minimum age at the time of application | 21 years | 25 years |
| Maximum age at loan maturity | 60 years | 65 years |
| Minimum net monthly income/Minimum annual net income post tax | Rs. 25,000 | Rs. 4.8 lakh |
| Experience | N/A | Should have 4 years of post-qualification experience |
Documents Required
To apply for IndusInd Marriage Loan, following documents are required:
For Salaried Employees:
- Proof of identity: Voters ID, Driving License, Passport, PAN Card, Aadhaar Number
- Proof of residence: Ration Card, Leave and License Agreement, Valid Passport, Utility Bill (not more than 3 months old)
- Proof of income: Latest 3 months salary slip, salary certificate and latest Form 16
- Bank statements: Latest 3 months bank statement (where salary is credited)
For Self-employed Professionals:
- Proof of identity: Driving License, Passport, Voters ID, PAN Card, Aaadhaar Number.
- Proof of residence: Ration Card, Leave and License Agreement, Valid Passport, Utility Bill (not more than 3 months old), Trade License, Sales Tax Certificate.
- Proof of business: Bank Statements (latest 6 months bank statement/passbook), Business (Current Account).
- Proof of qualification: Highest Professional Degree.
- Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA.
- Profession continuity proof.
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 minimum and maximum IndusInd Marriage Loan amount?
Ans: The marriage loan by IndusInd ranges from Rs. 50,000 to Rs. 10 lakh depending upon your eligibility, employment, income and repayment capacity.
Ques: What are the loan tenure options?
Ans: You can repay the loan over a period of 12 to 60 months.
Ques: How long it takes for an IndusInd Marriage Loan to get approved?
Ans: Once the required documents are submitted, it takes 4- 7 working days for loan to get disbursed to your account.
Ques: Are there any additional charges?
Ans: Yes, a processing fee of upto 2.5% of the loan amount and requisite documentation is charged and will be deducted from the loan amount at the time of disbursal.
Ques: Can I prepay/foreclose my wedding loan?
Ans: Yes, you can prepay/foreclose the entire loan outstanding amount after paying 12 installments if you are a salaried individual and after 6 installments if you are a self- employed individual.
Ques: Is part- prepayment of wedding loan allowed?
Ans: No, part- prepayment is not allowed. The loan should either be prepaid in full or serviced for the contracted tenure.
Ques: What is the customer care of IndusInd Marriage Loan?
Ans: You can call at 24 hour Customer Care number: 1860 500 5004 / +91 22 44066666.