How Does the ICICI Personal Loan Interest Rate Enable a Dream Wedding?

How Does the ICICI Personal Loan Interest Rate Enable a Dream Wedding?

A dream wedding is what many aspire for but only a few lucky ones realize it in their lifetime. The reason being the shortage of money to carry out such a glittering wedding affair. Thankfully, with the help of ICICI Personal Loan, you can get the funds to witness a grand wedding. The trusted lender offers the loan to ensure there’s nothing to feel short of. You just estimate the wedding expenses and check the ​ICICI Personal Loan Interest Rate​ to assess the impact on your budget. Let’s read all in this post.

How to Estimate Your Wedding Expenses?

The expenses will depend firmly on the kind of wedding you want to organize. A fat wedding in India can have expenses of around ​₹​10-15 lakh. While estimating the expenses, it’s important not to add something which is an absolute waste. The estimate should be made in such a way that you could feel the gloss while also ensuring every penny is spent optimally.

ICICI Bank Personal Loan Interest Rate for Wedding You can get the wedding loan at an interest rate as low as 11.25% per annum. Now, the rate of interest will also depend on the kind of credit history you have had, the earnings you make, job stability, besides other factors. The credit history is assessed based on the repayment pattern exhibited from the loan or credit card you may have. If you have paid your previous dues or the ongoing one on time, chances of grabbing the lowest interest rate seem more prominent.

How Much Loan Can You Get from ICICI Bank for Wedding?

You can get a loan of as much as ₹20 lakh without any requirement to submit any collateral. The loan is repayable over a maximum span of 5 years.

It’s Time to Check the Effect of ICICI Personal Loan Interest Rate Knowing the interest rate gives you a brief idea of the repayment you are likely to do.

But, if you use the ​ICICI Personal Loan EMI Calculator​ before taking a loan, you can have a realistic view of the repayment. The calculator uses the loan amount, interest rate and tenure to compute the Equated Monthly Installment (EMI) and the amount of interest over the loan term. Having an idea of the EMI in advance will help you make

those subtle adjustments to your routine and ensure a smooth repayment. This will reflect well into your credit history and reward you with more exciting deals.

Documents Needed Submit the following documents to ensure the application is approved without any delay.

Identity Proof​ - PAN Card/Aadhaar Card/Voter ID/Driving License/Passport Residence Proof​ - Aadhaar Card/Voter ID/Driving License/Passport/Utility Bill Income Proof​ - Last 3 months salary slips Latest passport size photographs How to Apply for ICICI Personal Loan Online?

You can apply for ​ICICI Personal Loan​ Online on the website of the Mumbai-headquartered private lender. Mention your personal and professional details before submitting the application. The bank will go through the details thoroughly and match with that of the documents you need. Once the documents are matched properly, you will get the approval.