There are certain measures including your income, past credit transactions, and the amount you are applying for which together need to be considered in order to decide whether you are eligible for the loan or not.
Usually it takes 3 days on an average for the turnaround time. However, it may vary on the basis of the requirement and procedure of evaluating the details.
No, we are not affiliated to any bank. We have lending partners who provide personal loans and we make it easier for you to go through the application process and make it hasslefree for you by removing the unnecessary procedures.
The answer to this question is NO. Personal loans do not require any kind of leverage and that is why they are also known as unsecured loans. Only your personal details and cibil score are considered to sanction the loan.
Usually, the average interest rate remains around 9-10%. However, it can range from anything to 3% to 36% depending on the amount, loan tenure and the credit score you have. To know more about this you can check the types of rate page.
