Tiwari ideal, “Prior to going towards a personal debt pitfall having relationship financing to pay for your dream date, imagine reducing will set you back and you can bring your marriage costs relative to your allowance.”
Prepayment of your financing is possible immediately following lock-during the period and you will lender charge prepayment penalties with the early fees
For example, ICICI Financial features a great lock-during the off half a year and you can prepayment fees is actually 5 percent. These types of charges can vary from lender in order to lender.
Gupta said, “However, if, marriage gets terminated immediately after getting a marriage mortgage for style of reason, and you may borrower chooses to repay the fresh new a fantastic financing.