Wedding loan interest rates reach up to 36 per cent annually in India: Jefferies report
New Delhi [India], June 29 (ANI): As spending on weddings in India is on the rise, the interest rates for wedding loans are on the higher end, typically ranging from 10 per cent to 36 per cent per annum, according to Jefferies.
This shift comes with its challenges, notably high interest rates of up to 36 per cent per year, depending on the borrower's credit history.
As per Jefferies which quotes IndiaLends in its report,