Plan Your Wedding with Axis Bank Wedding Loan
Last Updated : March 17, 2017, 12:51 p.m.
If you want to make your wedding perfect and memorable, it is imperative that it should be perfect in every aspect. And, in order to make that happen a personal wedding loan at this time can really do the wonders for the big day of your life. Moreover, in this moment of sheer joy and festivity, you would want to leave no stone unturned so as to make this affair unforgettable for the lifetime. Keeping this thing in mind, Axis Bank is here with its best of wedding loan so as to ensure that your wedding will become the special one.
Moreover, being uniquely designed, and tailor made keeping in mind your preferences, wedding loan will make your wedding a beautiful affair. Furthermore, this wedding loan will take care of all the basic needs, and strengthen the bond further so as to make it an affair to remember. Thus, to get more information of this product, read this article further.
Axis Bank Wedding Loan Details:
| Particulars | Details |
|---|---|
| Interest Rates | 15.50% -24% p.a. |
| Loan Amount | Rs. 50,000-Rs. 15 Lakh |
| Repayment | 12 months-60 months |
| Processing Fees | 1.50% - 2% of the loan amount |
| Prepayment/Foreclosure Charges | Nil |
Features and Benefits of Axis Bank Wedding Loan
- Best in Class Rate of Interest
- Balance Transfer Facility
- Simplified Documentation
- Simple Procedure
- Quick Approval
- Earn Loyalty Points
Eligibility Criteria for Axis Bank Wedding Loan
To avail the personal loan in Axis Bank, you need to fit into the below eligibility criteria.
| Particulars | Details |
|---|---|
| Minimum age of applicant | 21 Years |
| Maximum age of applicant | 60 Years |
| Minimum net monthly income | Rs. 15,000 |
| Maximum loan available | Rs. 15 Lakh |
Axis Bank Wedding Loan EMI Calculator
In order to ensure your wedding loan journey good for your pocket, check the EMI calculator that will indicate the equated monthly installments (EMIs), interest and the total amount payable on your home loan. You just need to enter the loan amount, interest rate and the tenure before the calculator will come up with the required variables of payment.
For Example- Your wedding is fixed for a certain day in early January, 2017. When you make a calculation of the wedding expenditure, it comes around to be Rs. 5 lakhs. You want to know the outgo on your 5-year wedding loan application to Axis Bank. You can know that by checking the EMI table below.
| Loan Amount (In Rs.) | Tenure (In Years) | Interest Rate (In % p.a.) | EMI (In Rs.) | Interest Outgo (In Rs.) | Total Payment (Principal+Interest) (In Rs.) |
|---|---|---|---|---|---|
| 500000 | 1 | 15.50-24 | 45,247-47,280 | 42,966-67,358 | 5,42,966-5,67,358 |
| 500000 | 2 | 15.50-24 | 24,362-26,436 | 84,695-1,34,453 | 5,84,695-6,34,453 |
| 500000 | 3 | 15.50-24 | 17,455-19,616 | 1,28,392-2,06,191 | 6,28,392-7,06,191 |
| 500000 | 4 | 15.50-24 | 14,042-16,301 | 1,74,037-2,82,444 | 6,74,037-7,82,444 |
| 500000 | 5 | 15.50-24 | 12,027-14,384 | 2,21,596-3,63,039 | 7,21,596-8,63,039 |
Documentation Required for Axis Bank Wedding Loan
Next, thing on which you need to pay attention is the documentation required to get the wedding loan in this bank.
| Salaried | Self-Employed |
|---|---|
| Application form | Application form |
| Photograph | Photograph |
| Age Proof | Age Proof |
| ID Proof | ID Proof |
| Income Proof | Income Proof |
| Bank Statement | Bank Statement |
| Residence Proof | Residence Proof |
| Signature Verification Proof | Signature Verification Proof |
| Post sanction / pre disbursement documentation | |
| Loan Agreement Duly Signed | |
| Standing instruction (SI) request / ECS form / post date cheques (PDCs). security cheques required for SI and ECS | |
| Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers documentary proofs required may vary from customer to customer | |
(Updated on: 5th December,2016)