An EMI stands for equated monthly instalments. The instalment comprises of two components principal and interest. EMI’s provide you with ease and benefit of paying back your loan amount over a long period of time via fixed monthly payments.
Your loan will be processed within 24 to 48 hours depending upon the documents and verification requirements.
Yes. However, any loan approval will be based on your credit score and eligibility for the given product.
You can clear your loan faster by making regular, higher EMI payments, which can reduce the interest burden and help you become debt-free sooner.
Generally, loans require certain documentation for verification and registration purposes. It is important to provide the required documents to complete the loan application process.
For a small loan, you generally need to provide identification proof, address proof for KYC along with income documents, and bank statements.
No. You cannot get a loan without an interest rate. However, you can get the lowest loan interest rate depending on your credit score and other eligibility factors
Yes. Once you clear your loan without any defaults, you may be eligible for a special scheme.
No, neither can be changed.