If you are working in a reputed organisation or you are a government employee and you are planning to get married, you can apply for Karur Vysya Bank Marriage Loan. Offering quick processing and instant disbursal, this marriage loan ensures that you start with the wedding preparations without any delay. The tenure to repay Karur Vysya Bank Marriage Loan goes upto 72 months for convenient repayment.
Karur Vysya Bank Marriage Loan
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Karur Vysya Bank Marriage Loan
Karur Vysya Bank Marriage Loan – Interest Rates
Ensuring to make your EMIs affordable and stress-free, Karur Vysya Bank Marriage Loan comes with a fixed interest rate of 12% and a floating interest rate of One Year MCLR + 3.65%). The nature and percentage of interest rate offered to an individual by the bank depends on his credit score, age, repayment ability, employer, etc.
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How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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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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