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What are personal loans?
Personal loans are the loans which can be use for any personal purpose like debt consolidation, home improvement, buying a car, going on holiday.
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Can I get a personal loan if I have bad credit?
Yes. We have a special team of experienced professionals who arrange personal loans for those people also who have bad credit records.
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How does my credit score affect my eligibility for personal loans?
Credit scores range from 300 to 850. The higher your score, the better terms you qualify for. Loans to individuals with scores over 700 are considered to be low-risk loans, while loans to individuals with scores below 620 start affecting the interest rate. The lower the risk you are considered, the better the terms you will be offered, and the higher the risk, the less reasonable the terms become.
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What is a short-term personal loan?
Short-term personal loans have a short repayment term. This is beneficial for those borrowers who want to repay their loans quickly.
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How much can I borrow?
It depends on various factors like your income proof, credit record, repayment ability, and whether you apply for secured or unsecured loans.
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How much interest do I have to pay?
It depends on your credit record and the amount of income you can show proof of. In general, the interest on secured loans is lower than that on unsecured loans.
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What is the maximum loan term?
Depending on your requirement, between 5 to 25 years.
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How quickly can I get my money?
As soon as your application is approved by the lender, the loan amount is automatically credited to your bank account or you may get your check by post.
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How will I know whether my application is approved or not?
We will notify you within 48 hours.
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Can I repay the loan earlier?
Yes, you can do so. In some cases, you may get some concession in the interest.
