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Banksloanonline » Bank Loans in India » Marriage Loan

Marriage Loan

Marriage loans are the most popular personal loans available in the market. Marriages call for great celebrations and thus a host of expense heads that crop up during a wedding in the family. To take care of all the financial issues related to a marriage and also to ensure successful functions of the weddings, marriage loans have been designed to cater to all.
Marriage loans in India are becoming increasingly popular in the urban areas. It is very soon also set to capture the rural market as well. As marriage in India is always an elaborate affair with functions and parties going to till 3 - 5 days at a stretch, what could be better than to apply for marriage loan to take away all your worries and ensure a hassle free wedding experience. Therefore with this in mind, the numerous banks have come up with offers on marriage loans that one could opt for. UCO Bank, Bank of Baroda and HSBC Bank are a few of the popular institutions one could visit to carry things forward in the genre of marriage loans.

Rate of interest accompanying the marriage loans are determined by the prevailing market rates at the time of the loan taken, a host of fixed rate of interest options are available for the customers to choose from in this variety. A processing fee is generally charged to be submitted along with the application form of all marriage loans.

Documents required for the approval of marriage loans:

- Identity Proof
- Address Proof
- Bank Statements
- Latest Salary slip with latest form 16 (for salaried applicants)

For the self employed and businessmen:

- All the above except the last
- Latest ITR along with computation of income, etc
- Qualification proof
- Proof of continuation
- Copy of partnership deed, certificate copy of MOA etc.


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