Marriage is one of the most important and cherished aspect of life. But at times it becomes difficult to meet the wedding expenses. But nowadays marriage loans are gaining popularity in both rural as well as urban sector.
The maximum amount of loan varies form customer to customer, depending on a number of factors like, security/collateral offered by the customer, repayment capacity of the borrower, age of the borrower. Repayment can be done through monthly/quarterly/half yearly installments or under Equated Monthly Installments or EMI.
To avail the marriage loans, one is required to produce some documents like identity proof, address proof, bank statement of the last 6 months and last salary slip.