Interest rates are vary, depending on individual’s eligibility criteria. Interest rates start from 18% and can go up to 30%.

Person’s eligibility criteria for availing loan is based on his borrowing capacity. “Borrowing Capacity” means a Loan’s EMI should not exceed 40% of your Net Monthly Income after deducting current loans EMI. Apart from this, it also depends on one’s current employment, area of residence, credit history, etc.

Loan tenure is depends on individual’s profile and product selection. We are providing tenure option from 6 months to 5 years.

A credit history is a record of a borrower’s responsible repayments of past loans and credit card bills. Also, Credit Information Bureau (India) Limited (CIBIL) provides accumulated data, as received from all the banks &/or NBFCs, on borrower’s existing loans and their repayment patterns.

Before approving your loan a financial institution always checks with CIBIL on your loan repayment track record.

Yes, you can apply with a co-applicant Co-applicant’s income increases the loan amount which you are eligible for.

Yes, the fixed interest rate remains constant throughout the loan tenure regardless of the market conditions whereas a floating interest rate can decrease or increase depending on market fluctuations. For instance, it increases when RBI hikes up short term interest rates. Banks usually quote the floating rate loans as their index rate (prime lending rate) plus or minus x%. Banks usually increase or decrease their prime lending rate when the RBI increases or decreases short term interest rates.