ICICI Bank Wedding Loan
About Wedding Loan
Sum of amount borrowing from any financial institution or Bank with the subject of wedding Known as ‘Wedding Loan’. Wedding Loan is a type of Loan which is quite similar with Loan which charge interest rate which is fixed or flexible.
Wedding Loan is a loan which is considered at the time of wedding. Wedding Loan is considered to meet the expenses of a wedding. Wedding Loan is considered to be the dream wedding. Wedding Loan is also Known as Marriage Loan.
In India Wedding is considered a grand and auspicious event which includes various necessities of Booking Hall, ordering catering which needs booking in advance in the amount of token.
ICICI Bank Wedding Loan
ICICI Bank had a special slogan on wedding Loan which is “Wedding Apne Dum Par”. The Slogan of ICICI Bank to encourage the bachelors to plan for their Wedding with self economics or amount of money. As the Slogan of Wedding Loan to define they are providing them easy financial services to make their wedding grant.
ICICI Bank offers Loan for the weddings. ICICI Bank introduces Wedding Loan for their bachelor customers. ICICI Bank introduces a new variety of policy for their customers which frees them from exploitation and high interest rate of big money lenders or Marketers.
ICICI Bank Wedding Loan is introduced to help the people who can’t plan their wedding in grand or factual dreams for wedding. ICICI Bank wants to attract the population to make Bond with their Bank and enjoy types of financial services like Wedding Loan.
ICICI Bank considers wedding loans as people unable to plan their wedding because demand for large amounts weeps them for a Happy wedding. ICICI Bank wedding loan to meet out the expenses of weddings and stands for designed wedding by individual.
Necessary details of wedding Loan in ICICI Bank
- ICICI Bank provides Wedding Loan from Rs.1 Lakh to Rs.1 crore.
- ICICI Bank does not consider any mortgage for the wedding Loan.
- ICICI Bank works according to terms and conditions signed by borrowings at the time of wedding Loan.
Reasons of Wedding Loan in ICICI Bank
Reasons of weddings loan are as follows :
- It provides a quick money transaction for payment of wedding expenses.
- To manage or solve the issues related to economics during wedding planning.
- To assure a grand and Big wedding.
- To Plan a wedding on the grant of self money.
- For wedding things all you wanted or dreamed.
- To improve the economics, consider a wedding.
Calculation of Interest charges
As the wedding Loan is a type of loan which will charge their fees/interest as they commend services to us.We this , we need to know about the Interest calculator consider by ICICI Bank with us , they are as follows :
- Wedding Loan is justified under the personal Loan , However the Interest rate charge by the ICICI Bank starts with the Rate of 11.25% p.a.
- As the Interest rate would be considered with a time period to repay the Loan properly or fully.
- Interest Rate charges on the basis of the amount you ask for the wedding Loan.
- Maximum amount Interest rate 19% for large or big amounts.
- Processing fee projecting for Loan is around 1.5% on the loan amount.
Benefits of wedding Loan
- Wedding Loans meet the certain sudden expenses of a wedding in an easy manner.
- Wedding Loan is easy to consider with simple terms and conditions.
- We can pay off the other wedding expenses which make our wedding grand and dreamed for.
- Self reliable to pay off the wedding.
- Safe the assets from the liquidation.
- Loans can be applied online or offline with easy contract ways.
- Easy withdrawal or transfer of money across the country , with help in preparing for a wedding in an effective way.
- Type of security when the arrival of emergency wedding expenses such as food scarcity , light power off etc.
- Not to take pain for planning of future weddings , which leads to cutting off in present expenses from the daily amount.
- Leave off breaking the Fd’s , savings accounts for the Happy wedding.
- We can pay the Emi as per our flexibility .
Eligibility of Wedding Loan
Eligibility of considering wedding loan , based on certain conditions :
- Applicants must be resident of India.
- Applicant would be above or equal to 21 years.
- Particular with the necessary documents.
- Loan of the wedding would be on the person’s identity, not on any trading company.
- Should not be bankrupt.
- Should be earning person means salaried or self employed.
Documents Required for Wedding Loan in ICICI Bank
Documents required by ICICI Bank assuring for wedding loan are as follows :
- Proof of identity: Aadhar Card , Pan card , Passport , Driving License.
- Proof of address
- Income statement of one Year.
- Copy of Bank passbook of 6 months.
- Income tax return and their sheets of 2 years.
Registration for Wedding Loan of ICICI Bank
For registering for Wedding Loan in ICICI Bank , you have to follow these basic steps :
- Visit the official website of ICICI Bank ‘www.icicibank.com’.
- Then , a web page will appear , click on the top bar of ‘Loan’.
- Then , after clicking Loan , enter for wedding Loan , click on it.
- With this , a form will appear in which fill the asking details in the proper manner.
- Click on the submit button.
After this , you would be registered for a wedding Loan. Then , visit nearby ICICI Bank and sign the terms and conditions for a wedding loan. After that , the wedding Loan amount would be reached to the account and you will be liable to the ICICI Bank for the repayment of the wedding loan.
Repayment of ICICI Bank wedding Loan
Repayment of wedding Loan to ICICI Bank in following manner :
- Payment of EMI as per terms of wedding Loan contract.
- Repayment of EMI or installment within the Fixed amount on fixed date.
- Repayment of the amount in a small manner will include the interest rate and other fees.
- In case of late payment , late fee and extra interest rate would be added with fixed instalment.
- ICICI Bank will recognize the payment of installment via text messages or calling.
- In Cases of various months due repayment , then the Bank will give you three chances to repay with other extra charges in the form of interest rate.
After the repayment of the wedding Loan , ICICI Bank will certify your Good will and provide a credit score. After that , there is no relation of borrowings and loaner with the Bank.
For More details about the Loan and their calculation , please visit our website and sty updated with us. Hope You like it. Thank you!