our FAQ
What are the rates charged on a personal loan?
Personal loans are unsecured form of loans, i.e. one does not have to mortgage security in order to get the loan. Being an unsecured loan, the rate of interest charges on them are slightly higher when compared to other types of secured loans. The prevailing interest rates are different as per banks discretion, but the
What is the impact of GST on business loans for new businesses?
Business loans became expensive after the implementation of GST as the GST is levied at the rate of 18%.
When can I apply for a home loan?
You can apply for a home loan at any time once you decide to purchase or construct a property, even before the selection of property or commencement of the construction.
What is the purpose of a Credit Card?
When you use a Credit Card, the bank pays merchants on your behalf. You then repay the bank, receiving a monthly statement with the option to pay the full balance or a minimum amount by the due date.
What happens if I miss an EMI payment?
Missing an EMI payment can:
1)Attract late payment penalties.
2)Negatively impact your credit score.
3)Increase your overall loan repayment amount.
4)Lead to legal action or collateral seizure for secured loans.