Frequently asked questions

Personal Finances can be used for a variety of reasons. A Personal Finance can be used for weddings, education, travel, medical or any other general purposes. You can take a Personal Finance when you need money to fund an event or an emergency.

No, for Personal Finance you don’t need to provide any security, collateral or guarantors.

Here's why our Personal Finance is perfect for you:

• Quick Finance payment
• No collateral or security needed
• Minimal documentation
• Flexible EMI plans and many repayment options

We provide Personal Finances from a minimum of ₹ 5,000 to a maximum of ₹ 15,00,000/- depending on your eligibility.

You have the option to choose what works best for you while repaying the personal Finance. You can go for the fixed amount of Finance and interest or can pay higher/lower EMIs in the initial months, lower/higher EMIs at the later months depending on your income.

It is important to have a good CIBIL score. But this should not stop you from applying for a Personal Finance. Approval of Personal Finances depends on your ability to repay.

If you need a Personal Finance and have a low CIBIL score, you have the option to take a joint Finance with your spouse or parent. However, approval of Personal Finances depends on your ability to repay.

Credit report provides details on your financial status and your ability to repay a Personal Finance. This helps us evaluate your financial history. A good credit report with a score of 750 will help you take a Finance easily.

Whether you are new to business, experiencing a slowdown, need funds to ensure cash flow, access to working capital, hire new employees, buy new equipment, or expand your business, no matter what your business plans and needs are, our Business Finances can help you get quick funds when you need them the most.

WWe ask for minimal documents in order to process your Business Finance:

• Duly filled application form
• KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
• KYC documents of the business owners
• Balance sheet and Profit & Loss accounts for the last two years
• Income Tax Returns for the last two years
• Company bank statements for the last 1 Year
• GST returns for the last 1 Year
• A report detailing how the Business Finance will be used.

We offer Business Finances to both professionals and non-professionals, who are self-employed. Among self-employed professionals, we have exclusive Finances for doctors. These Finances are approved quickly and are available at competitive interest rates. The customer segments covered under Business Finances are listed below:

• Sole Proprietorship
• Partnership Firm
• Private Limited Companies
• Closely held Public Limited Companies
• Societies
• Trusts
• Hospitals, Nursing Homes, Diagnostic Centers, Pathological Labs.

Yes, you can get a Business Finance without any collateral or security.

You are eligible for a Business Finance if you:

• Are between 25-65 years of age
• Have business that shows a profit for the last three consecutive financial years
• Have business that shows an upward turnover trend
• Are able to show balance sheet that is audited by a registered Chartered Accountant.

You can take up to ₹ 1 Crore, depending on your credit score.

The interest rate for Business Finance is fixed.