SBFC is a NBFC that merged with ICICI, which is a renowned name in the banking sector. Simple, convenient and flexible are the synonyms associated with SBFC Marriage Loan, which is designed for a modern couple who wishes to have only the best venue, catering, decorations, invitation cards, attires, honeymoon destination and a lot more for their big day. To avail SBFC Marriage Loan, no collateral or security is required and you can repay the loan in easy and flexible installments. Not only this, you also have the flexibility to choose the tenure as per your repayment ability.
SBFC Marriage Loan- Interest Rate
The interest rates for SBFC Marriage Loan are very attractive and are kept this way so that everyone can opt for a loan. Depending upon a person’s age, income and background checks, an interest rate keeps varying. To know about your interest rate, you can contact the bank.
Apply for a Personal Loan online starting at only 10.25%* p.a. Apply Now
Eligibility Criteria
There are certain eligibility criteria that the bank has set for an individual to meet and apply for SBFC Marriage Loan.
- Your minimum age should be 21 years.
- You should either be a self- employed or a salaried individual.
Documents Required
To avail SBFC Marriage Loan, copy of any of the following will suffice.
- PAN Card of Form 60 as applicable as per the policy
- Valid Passport
- Voter’s Identity issued by Election Commission
- Valid Driving License
- The letter issued by the Unique Identification Authority of India (UIDAI) having details of address, name and Aadhaar number.
- Job card issues by NREGA by an officer of the state govt.
- Details from obtained through e-KYC service of Unique Identification Authority of India (UIDAI).
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: Who can apply for a SBFC Marriage Loan?
Ans: You can apply for SBFC Marriage Loan if you are either a salaried or a self- employed individual.
Also Know: What is the tenure of personal loan for self employed professionals?
Ques: What is the tenure for SBFC Marriage Loan?
Ans: The loan tenure for SBFC Marriage Loan goes upto 60 months.
Ques: How can I pay back the loan?
Ans: Once the loan is disbursed, you can pay it back in EMIs, which will get automatically debited from your bank account.
Ques: Can I pre-pay my loan?
Ans: Yes, you can pre-pay SBFC Marriage Loan along with a pre-payment fee.
Ques: What will happen if I miss an EMI payment?
Ans: If you miss an EMI payment, you will have to pay a late payment penalty and a bounce fee. Your credit score might also get impacted.