Eligibility for IDFC Marriage Loan:
✅ Minimum age of 23 years at the time of application
✅ Maximum age of 60 years at the time of loan maturity or retirement, whichever is earlier
✅ Salaried individuals and self-employed individuals with businesses established for at least 3 years
Keep reading to learn how to apply for the IDFC Marriage Loan!
Required Documents:
✅ Valid Identity Card (KYC)
✅ RBI approved account aggregator process/bank statement
✅ Net banking or debit card details for e-mandate setup
✅ E-Sign/E-Stamp to speed up loan disbursement
Loan approval depends on fulfillment of these requirements, and the bank may also ask for additional documentation if necessary.
How to apply for the IDFC Marriage Loan
How to apply for the IDFC Marriage Loan – Visit the official website of IDFC FIRST Bank and select the Marriage Loan option. The process is intuitive: you’ll fill out a form with your personal and financial information and attach the required documents. After submission, the bank will conduct a credit check and, if approved, the loan amount will be deposited directly into your bank account. If your application is not approved, you can consult the bank to find out what the problem is and try again after some time.
How to pay monthly installment of IDFC Marriage Loan?
Monthly payment can be directly debited from your bank account on the scheduled date. It is important to choose a date close to your pay day to ensure adequacy of funds and avoid delays.
Fees and Costs
IDFC Marriage Loan offers competitive interest rates starting from 10.75%. Additionally, there is also a processing fee of 3.5% of the loan amount. Other charges include ₹500 for each EMI that is not paid, ₹500 for duplicate documents, and 5% of the loan amount for premature termination of the loan.
Take the first step towards your marriage!
How to apply for the IDFC Marriage Loan – IDFC Marriage Loan is an excellent option to finance your wedding, which comes with attractive interest rates, simplified application process and diverse repayment options. It is important to plan the installment payment keeping all the charges in mind and according to your cash flow.
Click below to make your request and access the official loan website!