A. Anyone having a reasonable salary with a pay slip and credit score.
A. The amount you can borrow for home loans depends on factors like:
- Your income and repayment capacity.
- The value of the property.
- Generally, we offer up to 80% of the property’s value, with flexible repayment options.
A. Interest rates vary depending on:
- Your credit score.
- Loan tenure.
- Income level. Typically, our personal loan interest rates start from 10% per annum, but this can vary based on the risk profile.
A. Health insurance covers medical expenses incurred due to illness or injury. With our plans, you get:
- Hospitalization coverage.
- Pre- and post-hospitalization care.
- Cashless treatment at network hospitals.
- Optional add-ons like critical illness coverage.
A. Below are the differences:
- Term insurance offers coverage for a specific period (e.g., 20–30 years). It provides a death benefit if the insured dies during the term but has no cash value after.
- Whole life insurance covers you for your entire life and accumulates cash value over time, which you can borrow against.
A. To improve your chances:
- Maintain a good credit score.
- Provide accurate and complete documentation.
- Show a stable income and employment history.
- Avoid applying for multiple loans simultaneously to reduce hard inquiries on your credit report.
A. Health insurance premiums are calculated based on:
- Your age.
- Pre-existing medical conditions.
- The type of coverage (individual or family floater plan).
- The sum insured and any optional riders or add-ons you choose.
A. We offer flexible repayment options including:
- EMI payments through auto-debit from your bank account.
- Online payments via our app or website.
- Payment through physical checks, depending on your loan agreement.
A. To qualify for an education loan, you must:
- Have secured admission to a recognized institution in India or abroad.
- Provide documents like proof of admission, fee structure, and academic records.
- A co-applicant (usually a parent or guardian) is required with sufficient income or collateral, depending on the loan amount.
A. For a business loan, you will need:
- Business financial statements (profit/loss accounts, balance sheet).
- Tax returns for the last 2–3 years.
- Proof of business registration and business plan (if applicable).
- Bank statements and ID proof.
A. Yes, we offer car loans for both new and used vehicles. For used cars, the vehicle’s age and condition are considered, and loan terms may differ slightly from new car loans.
A. Life insurance provides financial security to your family in the event of your premature death. It ensures:
- Your family is financially supported with a lump sum payment.
- Outstanding debts (such as a mortgage) can be paid off.
- A safety net for children’s education and daily living expenses.
A. Yes, you can apply for multiple loans, such as a home loan and a personal loan, provided you meet the eligibility criteria for each. However, your repayment capacity and credit score will be evaluated to ensure you can manage multiple debts.
A. The tenure of a business loan depends on the loan amount and repayment capability. Typically, business loans can be repaid over 1 to 5 years, but longer tenures may be available for larger loans.
A. Yes, you can cancel your loan application before the disbursal process begins, but some processing fees may be non-refundable. It is essential to carefully review all terms before finalizing your loan agreement.