You are getting married and you are short on money, what do you do? You either borrow from friends and relatives or make compromises with your marriage plans. Not anymore! As with PaySense Marriage Loan you can fulfill all your wedding dreams without any hassle because getting a loan from PaySense is as easy and convenient as thinking about it.
PaySense Marriage Loan – Interest Rate
Ensuring that your EMIs are affordable and your life is stress-free, the interest rate charged on PaySense Marriage Loan starts from 16.80% onwards.
Also Check: Current Personal Loan Interest Rates of all Banks/NBFCs
Apply for a Personal Loan online starting at only 10.49%* p.a. Apply Now
Eligibility Criteria
To avail PaySense Marriage Loan, you need to fulfill the following eligibility criteria:
- You should be a resident of India.
- Your age should be between 21 to 60 years.
- You should either be a salaried individual or a self- employed professional.
- If you are a salaried individual, your minimum monthly income should be Rs. 12,000 and Rs. 15,000, if you are self-employed.
Documents Required
To get PaySense Marriage Loan instantly, the following documents are required:
- Proof of identity: Pan Card or Aadhaar Card
- Proof of address: Aadhaar Card, Utility or Postpaid bills, Rental agreement
- Proof of income: Last 3 months of bank statements
- A selfie
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)
1. What is the maximum amount of marriage loan that can be availed from PaySense?
Ans: PaySense offers a loan upto Rs. 5 lakh, which is easy to apply online.
2. How will PaySense Marriage Loan impact my credit score?
Ans: PaySense Marriage Loan works like any other loan and improves your credit score if you pay the EMIs on time.
3. How is my credit line decided?
Ans: Your credit line is decided on the basis of your income, profile, bank statement and all the other information offered by you.
4. If I need a loan amount higher than approved by you, is it possible to change my credit line?
Ans: A credit line cannot be changed after being generated. However, depending completely upon your behavior, credit line can be changed in the future. If you are paying your EMIs on time, your credit line can increase and minimum time for credit line reassessment is 3 months.
5. Once the loan is approved, when will I get my money?
Ans: Once the loan is approved, the money is credited to the verified bank account within 5 working days.
6. Are there any hides fees?
Ans: No hidden charges are involved when you take PaySense Marriage Loan as all the charges and fees like loan processing fees, interest rates, foreclosure charges and late payment charges are already mentioned in the loan agreement.
7. How much processing fees is charged?
Ans: A processing fees of upto 2.5% is charged on PaySense Marriage Loan and a standard GST is also applied.
8. What are loan pre-payment/foreclosure charges?
Ans: A loan foreclosure will only be considered after paying first 3 EMIs successfully. At the time of foreclosure, you will also have to pay an additional 4% charge on the principal outstanding.
10. What will happen if I will miss my EMI on due date?
Ans: If you miss your EMI on due date, you will be sent notifications and reminders at first and after a certain period of time a late payment charge will be applied.