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 – 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.
Eligibility Criteria
- You should be a permanent employee of reputed companies / Schools / Govt. Institutions etc.
- Your net take home pay after deducting the proposed Loan instalments shall be at least 25% of gross pay
- Undertaking letter from the competent pay disbursing authority must be available
Documents Required
- Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
- Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
- Salary proof: Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
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
FAQs
Q. What is the processing fee of Karur Vysya Bank Marriage Loan?
Ans. The processing fee is 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST.
Q. How do I get in touch in Karur Vysya Bank customer care?
Ans. You can call on 1860-200-1916
- If you are an NRI, you can call on +91 44 – 30721916
- You can visit the nearest branch
- You can fill the complaint form
Q. What should be my credit score to avail Karur Vysya Bank Marriage Loan?
Ans. Your credit score should be at at least 750. You can check your credit score for free here.