Planning for Dream Wedding? Avail Wedding Loan from Tata Capital
Last Updated : March 17, 2017, 12:51 p.m.
When it comes to dream wedding, it would not be wrong to say that it can take a toll on your savings with the average cost of weddings in India hovering around a whopping 25 lakhs. In addition to this, some additional costs such as funding honeymoon can also create a hole in your pocket. Yes, these days spending huge bucks on honeymoon has become a very common practice, thus in order to fulfill that couples usually borrow money in the form of wedding loans offered by many lenders such as Tata Capital.
When it comes to wedding loan, it requires careful planning so that all your dreams can easily be fulfilled. If you are looking funds for your D-Day, nothing to worry as Tata Capital is here for your rescue so as to make your dream wedding a magical affair. Yes, for all your funding needs, look no further as this lender can fill your life with absolute joy.
Moreover, ranging from shopping, decoration to food and honeymoon, Tata Capital wedding loan allows you to bear all your expenses in best possible way. So, if you are also looking to have a dream wedding in a dream destination, going for a wedding loan of Tata Capital is surely an ideal choice. However, for more information on this, read the article below.
Tata Capital Wedding Loan Details:
| Particulars | Details |
|---|---|
| Interest Rates | 12.99%-19.00% p.a. |
| Loan Amount | Up to Rs. 25 Lakh |
| Repayment | 12 months-72 months |
| Prepayment Charges | Nil |
| Foreclosure Charges | 4.5% |
| Processing Fees | 1.25%-2.50% of the loan amount |
Features & Benefits of Tata Capital Wedding Loan
- Multi-purpose loan
- Affordable interest rates
- No collateral
- Minimal paperwork
- Easy Repayment
- Hassle-free loan sanction and disbursal procedure
- Enjoy the convenience of doorstep service
Eligibility Criteria for Tata Capital Wedding Loan
To avail the wedding loan in Tata Capital, you need to fit into the below eligibility criteria.
| Parameters | Salaried | Self-Employed Professionals | Businessmen |
|---|---|---|---|
| Age | 21-58 years | 25-65 years | 25-65 years |
| Job Continuity | 2 years | 3 years | 23 years |
| Minimum Income | Rs. 20,000 per month | Rs. 2,00,000 per year | Rs. 2,00,000 per year |
| Minimum Loan Amount | Rs.75,000 | Rs. 3,00,000 | Rs. 75,000 |
| Maximum Loan Amount | Rs.15,00,000 | Rs. 20,00,000 | Rs. 15,00,000 |
| Tenure | 12-72 months | 12-48 months | 12-48 months |
Documentation Required for Tata Capital Wedding Loan
Next, thing on which you need to pay attention is the documentation required to get the wedding loan in this company.
| Salaried | Self-Employed Professionals | Businessmen |
|---|---|---|
| Address Proof: Ration Card/Electricity Bill/ Passport,etc, | Identity Proof: Voters ID /Passport/Driving License, etc, | Identity Proof: Voters ID /Passport/Driving License, etc, |
| Bank Statement for the last 3 months | Address Proof: Ration Card/Electricity Bill/RentalAgreement/Trade License/Sales Tax Certificate, etc | Address Proof: Ration Card/Electricity Bill/RentalAgreement/Trade License/Sales Tax Certificate, etc |
| 2 year Employment continuity document | Banks Statement for the last 6 months | Banks Statement for the last 6 months |
| Last 3 months Salary Slip | Proof of Highest Professional Degree | Proof of Continuation: Trade License/Sales Tax Certificate/Establishment. Certified copy of Partnership Deed, Memorandum of Association(MOA), Article of Association(AOA) and Board Resolution |
| Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA | Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA |
(Updated on:20th October,2016)