BANKING AFFAIRS

Detailed explanation-1: -Marriage loan is a variant of personal loan offered for meeting marriage-related expenses. The interest rates of such loans are usually the same as the personal loan interest rates charged by the lenders.

Detailed explanation-2: -Marriage loans can be taken to fund the expenses associated with a wedding. Depending on the bank, the interest rate that will be levied and the maximum loan that is provided will vary.

Detailed explanation-3: -Eligibility for Personal Loan for Wedding All individuals either salaried, self-employed or business owners between the age limit of 21 to 60 years and with minimum net monthly income of Rs. 15, 000 are eligible for Axis Bank Personal Loan for Wedding.

Detailed explanation-4: -A personal loan for a wedding is a personalised loan offering designed to suit the many expenses you are sure to incur. Whether it is the cost of the venue, catering, or accommodation for the guests and décor, this loan will help you fund it all.

Detailed explanation-5: -Higher interest rate: A wedding loan is an unsecured loan, which means you do not have to keep collateral with the bank. This is why marriage loans come at higher interest rates. If you do not read the fine print carefully, you may also be slapped with high late fees or other hidden charges.