Marriage Loan for Self-employed

[iamskyadav]

Can I get marriage a loan. I have a CSC center, stationary store and coaching Center. I have not getting dowry (dahej) so I need loan to finance my marriage. My credit score is 775 and I have 100% timely payment.
Currently, I have account with SBI. My ITR-IV income is 6.9 lakh.

 

[Personal Finance by Nish…]

As a self-employed individual with a credit score of 775 and an ITR-IV income of 6.9 lakhs, you're eligible for a marriage loan.

Eligibility Criteria
Both salaried and self-employed individuals can apply.
Applicants should be between 21 and 60 years old.
A CIBIL score of 730 or higher is required for the best marriage loan interest rates and approval chances.

Loan Details
Up to ₹10 lakhs can be borrowed for wedding expenses.
Interest rates start at 10.99% per annum.
Flexible repayment options are available for up to 60 months.
Funds can be disbursed within 24 hours of loan approval.

Required Documents
PAN Card-For Video KYC (VKYC) during the online loan application.
ITR-IV-To verify your income.

Benefits
Lower Interest Rates-Compared to credit cards.
No Foreclosure Charges-Repay your loan early without extra fees.
Flexible Repayment Options-Choose from various EMI repayment terms.

 

[Personal Finance by Nish…]

SBI offers marriage loans with competitive interest rates and flexible repayment options.

Interest rates, fees and charges
Interest Rate-9.60% per annum onwards
Processing Fee-Up to 1.50% of the loan amount + taxes
Prepayment Charges-3% on the outstanding amount + taxes
Default EMI-24% per annum + taxes
EMI Bounce Charges-₹500/- per bounce + taxes
Repayment Mode Swap Charges-₹500/- per transaction + taxes
Loan Cancellation Charges-₹3,000 + taxes

Eligibility Criteria
Age-21 years or above
Income-Regular source of income to cover EMIs
Credit Score-Good credit score and repayment history
Citizenship-Indian citizen

Documents Required
Proof of Identity-PAN Card, Passport, Voter ID, or Driving License
Proof of Address-Aadhaar Card, Passport, Driving License, or Utility Bills
Proof of Income-Bank statement showing salary/income credited
Proof of Employee/Business-Latest salary slips/ITR

Application Process
1. Visit Urban Money's official website and select the Loan option.
2. Choose SBI Bank and click Enquire Now.
3. Fill in the required information and submit the digital form.
4. Enter the OTP sent to your mobile number.
5. A representative from Urban Money will contact you and guide you through the process.

Loan Details
Loan Amount-Up to ₹50 lakhs
Repayment Tenure-Flexible repayment options
Disbursal Time-Funds disbursed within one or two days.