Personal Loan

The maximum personal loan amount is ₹25 lakhs, depending on your income, credit score, and repayment capacity. Typically, you may be eligible for a loan of up to 10-15 times your monthly income, subject to our evaluation criteria.

Yes, we charge a processing fee starting from 1% of the loan amount (plus applicable GST). The exact fee may vary based on your profile, loan amount, and other factors. This fee is deducted from the loan amount at the time of disbursement.

For applicants with complete documentation and a good credit score, we typically provide approval within 24-48 hours. Disbursement follows shortly after approval and the completion of all formalities. Some complex cases might take longer for verification and approval.

Yes, you can make partial or full prepayment of your personal loan after paying a minimum of 6 EMIs. A prepayment charge of 2-4% on the prepaid amount may apply, as specified in your loan agreement. No prepayment is allowed within the first 6 months of the loan.

Missing an EMI payment will result in a late payment fee (typically 2-3% of the EMI amount) and could negatively impact your credit score. Continued non-payment may lead to penal interest charges and could affect your ability to obtain credit in the future. If you anticipate payment difficulties, we recommend contacting our customer service team proactively to discuss potential solutions.

While we typically require a minimum credit score of 700, we may consider applications with lower scores on a case-by-case basis. Factors such as higher income, stable employment history, or low debt-to-income ratio might compensate for a lower credit score. However, applicants with lower credit scores may be offered smaller loan amounts or higher interest rates to mitigate risk.