PNB Bank Wedding Loan

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Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

A wedding is a special day that everyone dreams of. But, with all the expenses, it can be a burden on your pocket. PNB Bank’s Personal loan for wedding expenses is the perfect solution to help you fulfil your dream wedding. With competitive interest rates and flexible repayment options, you can plan your special day without worrying about finances.

Benefits of PNB Bank Wedding Loan

Here are some of the features and benefits of the PNB Bank’s Personal loan for wedding expenses.

Competitive interest rates starting at 11.40%.
Loan amount available up to ₹5 lakh.
Flexible tenure of up to 5 years.
No collateral/guarantor.
Debt consolidation is available.

Why Choose PNB Bank for Wedding Loan?

Here are some reasons why you should consider PNB Bank for a loan for wedding expenses.

No hidden charges.
Competitive interest rates.
Easy online application.
Minimal processing fee.
Flexible tenure of up to 5 years.

PNB Bank Personal Loan for Wedding Interest Rates & Charges

Here are some details associated with the loan, such as the PNB Bank wedding loan interest rate and service charges.

Type of Interest	Rate of Interest
Floating	11.40% – 16.95%
Fixed	12.40% – 17.95%

Category	Fees and Charges
Processing Charges	Up to 1% of the loan amount (for salaried and self-employed professionals) 0 charges for Defence personnel and pensioners
Documentation Charges	Up to ₹2 lac- ₹270 Above ₹2 lac- ₹450 For Defence Personnel – 0

Tips for Getting a PNB Bank Wedding Loan

Here are some tips for getting a PNB Bank instant personal Wedding Loan.

Maintain a high credit score of about 750.
Use a PNB Bank marriage loan emi calculator to determine repayment capacity.
Submit accurate documents.

Eligibility for PNB Bank Loan for Wedding

The PNB Bank Wedding loan’s eligibility criteria are stringent and specific.

Individuals who are salaried professionals and have a minimum gross annual income of ₹6.00 lakh for the last two years
Applicant must have a minimum CIC score of 750 and above
The borrower must have maintained a savings fund or current account with the bank for the past two years and
The borrower must have a minimum annual credit transaction of ₹5.00 lakh in all savings or current accounts in the previous financial year.

Documents Required for PNB Bank Wedding Loan Application

Here is a list of PNB Bank Wedding loan document requirements.

Proof of address and identification.
Latest salary slip and form no 16.
Recent 6 months’ bank statement.
Details of loan guarantor.
Details of collateral assets.

What are the things to consider while taking a Wedding Loan?

Here are some things to consider when applying for an PNB Bank personal loan for a wedding.

Estimated expenses.
Repayment capacity.
Availability of collateral (if needed).
Availability of co-guarantor (if needed).
Current CIC score.

How to Apply for a Wedding Loan

Anyone can apply for the PNB Bank Wedding Loan online. Furthermore, the Bank also offers doorstep banking services for customers who cannot visit a physical branch.

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Frequently Asked Question (FAQs)

How much can I borrow with a personal loan for a wedding?

Applicants can borrow up to ₹5 lakh for wedding expenses.

How long does it take to get a PNB Bank personal loan for a wedding?

PNB takes about 3-5 working days to approve a loan for wedding expenses.

Do I need a bank account to get a personal loan for a wedding?

Yes, it is necessary to have an PNB savings account to get an PNB personal loan for wedding expenses.

What is the credit score requirement for a PNB Bank personal loan for a wedding?

The minimum credit score requirement for an PNB Bank personal loan for a wedding is 750.

What are the penalties for late payments on a PNB Bank personal loan for a wedding?

Late payments on a wedding loan from PNB Bank can attract a penalty amounting to a fraction of the unpaid EMI.