BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which type of loan will SCB offer to customers to meet wedding expenses?
A
Personal LOan
B
Mortgage Loan
C
Auto Loan
D
Wedding Loan
Explanation: 

Detailed explanation-1: -1) Marriage loan – Opt for a marriage loan and enjoy a stress-free wedding. Flexible tenures, attractive interest rates and part payment options are some of the benefits that come with it.

Detailed explanation-2: -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-3: -You can pay off the loan in easy EMIs over a stipulated tenure: The most important benefit of taking a Personal Loan for wedding expenses is that you can repay the loan in affordable Equated Monthly Instalments (EMIs) over a flexible tenure of your choice.

Detailed explanation-4: -IDFC FIRST Bank offers marriage loans starting at 10.49% interest. The bank also charges other fees, such as processing fees. It is offered at 3.5% and is deducted from the bank loan for marriage at the time of loan disbursal.

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