| HDFC Marriage Loan Highlights | |
| Interest rates | 10.85%-24.00% p.a. |
| Loan amount | Rs 50,000 to Rs 40 lakh |
| Repayment tenure | 3 months to 6 years |
| Processing fee | Up to Rs 6.500 |
| Minimum income | HDFC Salary account holders: Rs 25,000 per month |
| For others: Rs 50,000 per month | |
Interest Rates are as of 4 November 2024
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Table of Contents
HDFC Marriage Loan Interest Rates
HDFC Bank Personal Loan interest rates for marriage loans range between 10.85-24.00% p.a. While the bank has not disclosed the differential interest rates based on credit-score, occupation, income or other parameters for marriage loan applicants, most lenders consider monthly income, job profile, employer’s profile, credit score, etc. of their loan applicants for setting their personal loan interest rates.
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Fees and Charges of HDFC Marriage Loan
Processing fees
HDFC Bank charges a processing fee of up to Rs 6.500
Prepayment Charges
| Prepayment in part/full | NIL until repayment of 12 EMIs (salaried) Part-payment allowed up to 25% of Principal Outstanding. It is allowed once in the financial year and twice during the loan tenure. |
| Pre-payment Charges on Principal Outstanding/Part Payment Charges | Salaried:
13-24 months- 4% of outstanding principal 25-36 months- 3% of outstanding principal >36 months- 2% of outstanding principal |
Other fees and charges
| Floating rate | Not applicable |
| Cheque swapping charges | Rs 500 |
| Amortization schedule charges | Rs 200 |
| Cheque bounce charges | Rs 550/- per cheque bounce |
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HDFC Bank Marriage Loan Eligibility Criteria
- Employment type: Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies)
- Age: Between 21 years and 60 years
- Must have had a job for at least 2 years, with a minimum of 1 year with the current employer
- For HDFC Bank Salary Account Holders: Minimum net monthly income of Rs 25,000
- For non-HDFC Bank Salary Account Holders: Minimum net monthly income of Rs 50,000
Additionally, just like other lenders, HDFC Bank may also consider the credit score for evaluating the eligibility of its personal loan applicants
Documentation for HDFC Bank Marriage Loan
Stated below are the documents required to avail marriage loan from HDFC Bank. However, no documents are required for pre-approved personal loan.
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement for the previous 3 months (Passbook for last 6 months)
- Two latest salary slips/current dated salary certificate with the latest Form 16
- Proof of end-use
HDFC Marriage Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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