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Frequently Asked Questions

When can I opt for a Personal Loan?

Personal Loans can be used for a variety of reasons. A Personal Loan can be used for weddings, education, travel, medical or any other general purposes. You can take a Personal Loan when you need money to fund an event or an emergency.

What are the mandatory documents required in applying for a Personal Loan?

The mandatory documents are:

  • Bank Statements for the last three months
  • Salary Slips for the last three months
  • Address Proof and Identity Proof documents
CIBIL Score
CIBIL Score
Do I need to provide any security or collateral or guarantors?

No, for Personal Loan you don’t need to providCIBIL Scoreity, collateral or guarantors.

CIBIL Score
What are the benefits of a Personal Loan?

Here's why our Personal Loan is perfect for you:

  • Quick loan payment
  • No collateral or security needed
  • Minimal documentation
  • Flexible EMI plans and many repayment options
What is the minimum and maximum loan amount?

We provide Personal Loans from a minimum of ₹ 5,000 to a maximum of ₹ 15,00,000/- depending on your eligibility.

What are the tenure options for a Personal Loan?

You have the option to choose what works best for you while repaying the personal loan. You can go for the fixed amount of loan and interest or can pay higher/lower EMIs in the initial months, lower/higher EMIs at the later months depending on your income.

Can I get a Personal Loan with a low CIBIL score?

It is important to have a good CIBIL score. But this should not stop you from applying for a Personal Loan. Approval of Personal Loans depends on your ability to repay.

Will I get a loan with a low CIBIL score?

If you need a Personal Loan and have a low CIBIL score, you have the option to take a joint loan with your spouse or parent. However, approval of Personal Loans depends on your ability to repay.

How does credit report impact Personal Loan approval process?

Credit report provides details on your financial status and your ability to repay a Personal Loan. This helps us evaluate your financial history. A good credit report with a score of 750 will help you take a loan easily.

What is a Business Loan?

Whether you are new to business, experiencing a slowdown, need funds to ensure cash flow, access to working capital, hire new employees, buy new equipment, or expand your business, no matter what your business plans and needs are, our Business Loans can help you get quick funds when you need them the most.

What are the documents required for a Business Loan?

We ask for minimal documents in order to process your Business Loan:

  • Duly filled application form
  • KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
  • KYC documents of the business owners
  • Balance sheet and Profit & Loss accounts for the last two years
  • Income Tax Returns for the last two years
  • Company bank statements for the last six months
  • GST returns for the last 6 months
  • A report detailing how the Business Loan will be used.
Who can get a Business Loans?

We offer Business Loans to both professionals and non-professionals, who are self-employed. Among self-employed professionals, we have exclusive loans for doctors. These loans are approved quickly and are available at competitive interest rates. The customer segments covered under Business Loans are listed below:

  • Sole Proprietorship
  • Partnership Firm
  • Private Limited Companies
  • Closely held Public Limited Companies
  • Societies
  • Trusts
  • Hospitals, Nursing Homes, Diagnostic Centers, Pathological Labs.
Can I get a Business Loan without collateral?

Yes, you can get a Business Loan without any collateral or security.

Am I eligible for a Business Loan?

You are eligible for a Business Loan if you:

  • Are between 25-65 years of age
  • Have business that shows a profit for the last three consecutive financial years
  • Have business that shows an upward turnover trend
  • Are able to show balance sheet that is audited by a registered Chartered Accountant.
What is the maximum amount can I take through a Business Loan?

You can take up to ₹ 1 Crore, depending on your credit score.

Is the interest rate fixed or floating?

The interest rate for Business Loan is fixed.