If a provision of this disclaimer is determined by any court or other competent authority to be unlawful and/or unenforceable, the other provisions will continue in effect. We may revise this disclaimer from time to time.

No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate.

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Loans:

• - Personal Loan
• - Home Loan
• - Business Loan

Personal Loans Service

• - Personal Loan For Women
• - Personal Loan For Elite
• - Personal Loan For Wedding
• - Personal Loan For Holiday
• - Personal Loan For Doctors
• - Personal Loan For Home Improvement

Housing Loan

We are committed to stand by your side during the entire home loan process so that you make an informed choice in getting

Business Loan

Business Loan is a loan taken by aspiring businessmen to finance their startup businesses and the loan being an ‘unsecured’ one requires no collateral or security to be deposited by the borrower to the lender. Generally startup companies & SMEs take such a loan for purposes like business expansion, equipment financing or project financing Since this type of loans involve no collateral or security to be pledged by the borrower while taking the loan, the lender is always placed at sufficiently high risk which is why the rate of interest on such loans is high enough. People who take unsecured business loans need to have a pretty good credit history. Also the credit scores of such individuals should be high enough so that they can stand against the high interest rates.

 

Eligibility criteria

Although it varies from bank to bank, the general criteria include your age, occupation, income, capacity to repay the loan and place of residence.

To avail of a personal loan, you must have a regular income source, whether you are a salaried individual, self-employed business person or a professional. An individual's eligibility is also affected by the company he is employed with, his credit history, etc.

Maximum loan duration

It can be 1 to 5 years or 12 to 60 months. Shorter or longer tenures may be allowed on a case by case basis, but it is rare.

Disbursal of loan amount

Typically, it gets disbursed within 7 working days of the loan application to the lender. Once approved, you may receive an account payee cheque / draft equal to the loan amount or get the money deposited automatically into your savings account electronically.

How much can one borrow?

It usually depends on your income and varies based on whether you are salaried or self-employed. Usually, the banks restrict the loan amount such that your EMI isn't more than 40-50% of your monthly income.

Any existing loans that are being serviced by the applicant are also considered when calculating the personal loan amount. For the self employed, the loan value is determined on the basis of the profit earned as per the most recent acknowledge.

Is there a minimum loan amount?

Yes, though the exact amount varies from one institution to another. Most lenders have set their minimum personal loan principal amount at Rs 30,000.

Loan approval process

The approval is at the sole discretion of the loan sanctioning officer whose decision is based on the criteria specified by the bank/financial institution. The entire process can take between 48 hours and about two weeks. Once all the necessary documents are submitted and the verification process is completed, the loan, if sanctioned, is disbursed within seven working days by the bank. Do keep all necessary documents ready along with PDC and/or signed .