New Delhi: The marriage of any person is a big event that people spend a lot of time on. Every person’s happiness is associated with marriage, for which people fulfill their hobbies even by taking loans. Many times we have planned the wedding but do not have the money. If you are considering getting married, do not worry, because now you can fulfill your needs even by taking a loan.
People can quickly get a car loan. If you want to take a loan for your or your child’s marriage, do not waste time. People can easily take out a marriage loan, for which there will be no problem. You can know the necessary conditions for taking a loan, for which you will need to read the article carefully.
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What is a marriage loan?
Marriage loans are considered a type of personal loan by the government. You can get a marriage loan for marriage. It is taken to manage the expenses related to marriage. This loan can be used for venue booking, catering, decoration, bridal outfit or jewellery.
The loan can be repaid in a flexible repayment tenure of 12 to 60 months. To do this, you must know some essential conditions, which will end your confusion.
Eligibility requirements for a marriage loan
Some critical conditions have been set for a marriage loan, for which you should first be an Indian citizen. Your age should be between 21 and 60 years.
The person applying for the loan should be an Indian citizen.
The candidate must have a stable income source.
He can be salaried or self-employed.
In some banks, a few years of job experience is also required.
For this, a better credit score can help increase the chances of loan approval.
For this, customers with a good credit score can quickly get a loan at a lower interest rate.
You get instant loan offers if you have a bank salary account or are an old customer.
Disclaimer
For your information, the news of the marriage loan has been published based on the Money Control website. Before taking out a marriage loan, you must remember some essential things.
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