FaQs
We offer various types of loans such as personal loans, business loans, car loans, home loans, education loans, and more.
The eligibility criteria depend on the type of loan you are applying for. Generally, we consider factors such as credit score, income, employment status, and other financial obligations.
The loan amount depends on several factors such as your income, credit score, and the type of loan you are applying for. We can provide you with an estimate after evaluating your application.
The interest rate varies depending on the type of loan and your creditworthiness. We offer competitive interest rates and will provide you with the details after evaluating your application.
The approval time depends on several factors such as the type of loan and your eligibility. Generally, we try to process loan applications as quickly as possible and keep you updated on the status of your application.
Missing a loan repayment may attract penalties and negatively affect your credit score. We advise you to communicate with us in case of any difficulties in making a repayment, and we will work with you to find a solution.
The requirement for collateral depends on the type of loan and your creditworthiness. We offer both secured and unsecured loans, and will provide you with the details after evaluating your application.
Yes, you can prepay your loan, but it may attract a prepayment penalty. We will provide you with the details before you sign the loan agreement.
Yes, we offer an online loan application process for your convenience. You can apply for a loan from the comfort of your home or office.
The repayment period varies depending on the type of loan and your eligibility. We offer flexible repayment options and will provide you with the details after evaluating your application.
The minimum credit score required for a business loan can vary depending on the lender and the type of loan. Generally, a credit score of 680 or higher is preferred, but some lenders may be willing to work with lower scores.
The maximum advance rate for invoice financing typically ranges from 80% to 90% of the invoice value. However, it can vary depending on the industry, the creditworthiness of the borrower, and the quality of the invoices.
The turnaround time for private loans can be much faster than traditional bank loans, with some lenders able to provide funding within a few days of approval.
Trade finance can help mitigate a range of risks associated with international trade, including currency exchange rate risk, credit risk, political risk, and shipment or delivery risk.
It may be possible to get vehicle and asset finance with bad credit, but the interest rate and other terms may be less favorable. Lenders will also consider other factors such as income, employment history, and the value of the asset being financed.
Equipment financing can be used to finance a wide range of business equipment, including machinery, vehicles, computers, and office furniture.
Depending on the terms of the loan agreement, it may be possible to still use the assets for business purposes while they are being used as collateral for asset-based lending. However, this may need to be approved by the lender.
The maximum loan-to-value ratio for commercial property finance can vary depending on the lender and the type of property. Generally, it ranges from 70% to 80% of the property value.
Different methods can be used to value a business for a loan, including asset-based valuation, income-based valuation, and market-based valuation. The method used will depend on the nature of the business and the purpose of the loan.