Re: Money for marriage : Personal Loan
Interest Rate you are getting from HDFC bank personal loan i.e. 11.49% is quite good but banks do have some hidden charges involved such as loan processing charges, file handling charges and many more. Also is it collateral free?
Please do check the Actual APR before applying.
Also, there is an alternative finance source in India i.e. peer to peer lending platforms. A Peer to Peer Lending platform is a credit marketplace which connects borrowers and lenders. There are many advantages for a borrower such as you can decide your own terms and condition such as rate of interest, Loan tenure etc. No Hidden charges are involved, No Prepayment fees and many more. Moreover they provide collateral free loans.
some of the platforms are Rupaiya Exchange, Faircent, i-lend, Lendbox.
So you can also visit such platforms and take them into considerations.