RBL Bank Wedding Loan

Planning the perfect wedding can be a bit like chasing a dream, right? Well, at RBL Bank gets you. They know you want your big day to be fantastic without any financial hassles. So, explore the realm of Wedding Loan with Urban Money. We have collected all the information and made a cocoon of all the information, so you can cosy and absorb all the information related to your dream wedding.

Benefits of RBL Bank Wedding Loan

The benefits of an RBL Bank Wedding Loan include:

• Borrow up to INR 20 lakhs to cover various wedding expenses.
• Enjoy convenient repayment options ranging from 12 to 60 months.
• No need for collateral.
• Experience simplified and quick documentation for faster loan approval.
• Benefit from competitive and attractive interest rates starting at 14%.
• Use the loan for various wedding-related expenses, including venue, jewellery, and other costs.
• After 12 EMIs, there are no foreclosure charges if using your own funds.
• Existing RBL Bank account holders may receive pre-approved offers and favourable interest rates.

Personal Loan for Wedding Interest Rates & Charges

Here is a list of additional charges that you might need to face alongside the interest rate on the RBL Bank Marriage loan:

Tips for Getting a RBL Bank Wedding Loan

Tips for an RBL Bank Wedding Loan:

• Make sure your income and work experience meet the bank’s requirements.
• Figure out exactly how much money you need for the wedding.
• Keep a good credit score for better loan terms.
• Double-check and provide accurate documents like IDs and proof of income.
• If you’re already an RBL Bank customer, see if you have any special offers.
• Choose a loan with a good interest rate after comparing options.
• Plan a repayment schedule that fits your budget.
• Be aware of any extra fees or charges.
• Talk openly with the bank about your needs.
• Read and understand the loan terms before signing anything.

Eligibility for RBL Bank Loan for Wedding

To be eligible for an RBL Bank Loan for a wedding, you need:

• Minimum net monthly income of INR 40,000.
• Minimum age at loan sanction – 25 years. Maximum age at loan maturity – lower of 60 years or retirement age.
• Work experience of a minimum of 1 year at the current employment and 3 years of total employment experience.

Documents Required for Wedding Loan Application

Documents required for a wedding loan application typically include:

• Application form with a photograph
• KYC documents (PAN card, Aadhaar, Passport, Voter ID)
• Proof of identity and age
• Proof of address (Aadhaar, Voter ID, Driving License, Passport, Utility Bill)
• Latest 3 months’ salary credit bank statements
• Salary slips (1 for loans below 7.5 lakhs, 2 for loans above 7.5 lakhs)
• For existing RBL Bank account holders, additional verification may be needed.

How to Apply for a Wedding Loan

To apply for a wedding loan:

• Visit the RBL Bank website or branch.
• Complete the application form.
• Provide necessary documents like ID proof, income proof, and address proof.
• Submit and wait for the bank’s verification process.