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Is there a maximum limit on the interest rate for marriage loans?

There is no fixed maximum limit on the interest rate for marriage loans in India. Interest rates for marriage loans vary based on factors like:

  • Lender Policies: Each lender has its policy terms for interest rate structure.
  • Credit Score: Higher credit scores often mean lower rates.
  • Loan Amount: Larger loans might have slightly higher rates.
  • Loan Tenure: Longer terms can lead to higher rates.
  • Income, Employment: Your income and job stability also influence rates."