Loan for Marriage June 2019 – Apply for Wedding Loan from SBI, Axis, HDFC, ICICI, Bajaj Finserv

Apply for Marriage loan at lowest interest rates. Compare all Major banks and NBFCs like HDFC Bank, ICICI Bank, Tata Capital, SBI, Axis Bank, IDBI Bank, Fullerton India, Union Bank, Punjab National Bank, Kotak Mahindra, Bank of Baroda, etc., have already started offering the wedding loans at lowest rate, low emi & special schemes & longer repayment periods.
Marriage Loan details

Interest Rates10.99% – 18%
Processing FeeUpto 4.00%
Repayment7 Years
Income PMRs.12500
Cibil Score750

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 27 June 2019)

Compare Interest Rates, Eligibility and Apply online instantly. Check CIBIL score absolutely FREE.

Loan Amount

Employment Status


Here’s look at the few benefits of Marriage Loans:

Minimum Age: 21 years (23 years for some banks)
Net monthly income: Rs 12,500 and might go up Rs 30,000 depending on city where you live, age and other conditions
Employment: Salaried or self-employed persons are eligible
Status: Working for a total of at least 2 years preceding to apply for a loan
Credit score: A CIBIL score upwards of 750 is ideal for taking the loan
Repayment: Maximum upto 7 years
Interest Rates: Rates starts from 11.49% – 15.00% depends on your profile.
Prepayment charges: It depends at what you want to prepay, Mostly banks offered Nil prepay charges after 1 year or some after 6 months.

Check available products for Marriage loans by Various Banks:

ICICI Bank Loans for Marriage

ICICI Bank offers personal loans for the use for marriage purposes at fixed rate of interest. ICICI bank charges Upto 2.50% of loan amount plus Service Tax as a processing fees from borrowers. Prepayment of the loan is possible post payment of 6 EMIs of the existing loan at ICICI Bank.

Basic details of ICICI Bank Loan Scheme:

Repayment Period5 years
Interest Rates11.50% – 15.50%
Prepayment charges5% of outstanding loan aount
Loan amountUp to 20 lakhs

Corporation Bank Vivah Scheme (Marriage Loan)

Corp bank offers marriage loans to Individuals including NRI/PIO in the age group of 21 – 65 years. you can get marriage loan from corp bank for purposes like to meet the expenses related to marriage such as, Shamiyana ,hall booking, food & catering, lodging facility for guests, conveyance, purchase of jewellery, cloths, Honey moon passage etc..

Basic details of Corp Bank Marriage Loan:

Repayment PeriodUpto 7 years
Interest Rates13.55%
Prepayment chargesNil
Loan amountMin. 1 Lakh, Max upto 10 lakhs

Tata Capital Wedding Loan

Tata capital offers wedding loans for the would be couple at lower & attractive rate of interest. You can use the loan amount for honeymoon and other expenses like buying a house, which can lead to stress for many couples. Salaried Borrowers who have minimum monthly income of Rs. 20,000 per month* & Self employed with Rs. 2,00,000 per year ITR, are eligible for tata capital wedding loans.

Basic details of Tata Capital Marriage Loan:

Repayment PeriodUpto 6 years
Interest RatesN.A
Prepayment charges4.5% of total outstanding + ST
Loan amountUpto 15 lakhs

SBI (State Bank of India) Loans for Marriage

SBI offers saral personal loan scheme for marriage kind of purposes. Minimum income required for saral loan would be Rs.24000 p.m in metro cities & Rs 10000 in semi/rural areas. State bank of India charging Processing fees of upto 2.02%-3.03% of the loan amount.

Basic details of SBI Marriage Loan:

Repayment PeriodUpto 4 years
Interest Rates17.80%
Prepayment chargesNIL
Loan amountUpto 10 lakhs

Axis Bank Loans for Marriage

Borrowers can apply for axis bank personal loan for marriage purposes. Axis bank offers loans to only salried individuals only. Simple procedure, minimal documentation and quick approval makes the axis bank a perfect choice in this category.

Basic details of Axis bank personal loan:

Repayment PeriodUpto 5 years
Interest Rates15.50% to 24%
Prepayment chargesNIL
Loan amountUpto 15 lakhs

HSBC Loans for Marriage Purposes

Borrowers who have marriage in house can apply for hsbc personal loans to meet Marriage expenses. Currently these cities Mumbai, Delhi, Pune, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Chandigarh, Chennai, thiruvananthapuram, Cochin, Ludhiana and Baroda can avail personal loans from HSBC bank.

Basic details of HSBC personal loan:

Repayment PeriodUpto 5 years
Interest Rates12.25% p.a. to 17.5% p.a
Prepayment chargesN.A
Loan amountUpto 20 lakhs

Locations list where you can apply for marriage loans are:

Marriage loans are currently available only at the given locations and the eligibility for personal loan would be based on the Tier location.

Tier 1: – Bangalore, Chennai, Delhi, Mumbai, Hyderabad, Gurgaon, Noida, Ghaziabad, Faridabad.

Tier 2: – Pune, Ahmedabad, Kolkatta.

Tier 3: – Coimbatore, Kochi, Jaipur, Lucknow, Patna, Jamshedpur, Vadodara, Trivandrum, Vishakapatnam, Bhubaneshwar, Trichy, Surat, Nashik, Aurangabad, Goa, Guwahati, Nagpur, Chandigarh.

Tier 4: – Bhopal, Calicut, Jodhpur, Mysore, Pondichery, Raipur, Rajkot, Durgapur, Dehradun, Hubli, Jalandhar, Kolhapur, Ludhiana, Madurai, Mangalore, Patiala, Siliguri , Ranchi, Tirunelveli, Udaipur, Vijaywada, Indore, Ajmer, Allahabad, Bhatinda, Belgaum, Bhavnagar, Bhilwara, Jamnagar, Kanpur, Kota, Salem, Ujjain, Warangal, Mehsana.