What is a personal loan?
A personal loan is the money lent to an individual from a bank or NBFC for a short-term at pre-determined interest rates. The money can be used to fulfill any immediate or critical needs of an individual.
How much time does it take to get the loan approved?
Different Banks and NBFC have different timelines for approval for different loans, so it depends entirely on the bank you are applying to. Typically, the customer can expect to get his loan approved within 24-72 hours of loan application submission
Will Rupeeq charge any fee from its customers?
All our services rendered to our customers are free of cost meaning Rupeeq will not charge any commission or processing fee from its customers at any stage of the process. Be wary of unknown callers who may use our name and ask you to pay certain fees for your case or loan application.
Can I track my loan application?
Surely you can. Once you have logged your personal loan application with Rupeeq, you will be issued a unique ID. This ID can be used to track your application. We notify the progress of loan applications to customers, through SMS alerts on their registered mobile number.
Who can apply for a personal loan?
The product has been designed to service the salaried & self-employed individuals.
Will I be charged a processing fee?
Yes, the banks & lending institutions charge processing fee which ranges from 1% to 3% of the total loan amount. You can negotiate with the bank and can expect to get a certain level of waiver on the processing charges if you have a strong portfolio & relationship with the institution is good.
How many days does it take to get the loan disbursal done?
Different Banks and NBFC have different disbursal guidelines and timelines. Disbursal of loan post sanction can maximum take upto 7 days from the date of sanction.
Will checking my credit score have any impact on my actual score?
No, not at all, Rupeeq is an official partner of CRIF which is why your credit score will not get affected after you check it on Rupeeq
How much credit score is a good credit score?
In India, there are different credit bureaus which have their own set of credit score calculating algorithms. But normally if your credit score is above 750, it is considered that you will be eligible for majority of credit products.
How to improve your chances of getting a personal loan?
Many personal loan applications get rejected as loan applicants are not able, at times, to fulfill the stated requirement criteria. You should check the following points before applying to a particular personal loan provider and to improve your chances of getting a personal loan. a.) Check your Credit Score b.) Check and pay your outstanding debt regularly c.) Maintain a low debt to income ratio
What is a personal loan?
A personal loan is the money lent to an individual from a bank or NBFC for a short-term at pre-determined interest rates. The money can be used to fulfill any immediate or critical needs of an individual.
How much time does it take to get the loan approved?
Different Banks and NBFC have different timelines for approval for different loans, so it depends entirely on the bank you are applying to. Typically, the customer can expect to get his loan approved within 24-72 hours of loan application submission
Will Rupeeq charge any fee from its customers?
All our services rendered to our customers are free of cost meaning Rupeeq will not charge any commission or processing fee from its customers at any stage of the process. Be wary of unknown callers who may use our name and ask you to pay certain fees for your case or loan application.
Can I track my loan application?
Surely you can. Once you have logged your personal loan application with Rupeeq, you will be issued a unique ID. This ID can be used to track your application. We notify the progress of loan applications to customers, through SMS alerts on their registered mobile number.
Who can apply for a personal loan?
The product has been designed to service the salaried & self-employed individuals.
Will I be charged a processing fee?
Yes, the banks & lending institutions charge processing fee which ranges from 1% to 3% of the total loan amount. You can negotiate with the bank and can expect to get a certain level of waiver on the processing charges if you have a strong portfolio & relationship with the institution is good.
How many days does it take to get the loan disbursal done?
Different Banks and NBFC have different disbursal guidelines and timelines. Disbursal of loan post sanction can maximum take upto 7 days from the date of sanction.
Will checking my credit score have any impact on my actual score?
No, not at all, Rupeeq is an official partner of CRIF which is why your credit score will not get affected after you check it on Rupeeq
How much credit score is a good credit score?
In India, there are different credit bureaus which have their own set of credit score calculating algorithms. But normally if your credit score is above 750, it is considered that you will be eligible for majority of credit products.
How to improve your chances of getting a personal loan?
Many personal loan applications get rejected as loan applicants are not able, at times, to fulfill the stated requirement criteria. You should check the following points before applying to a particular personal loan provider and to improve your chances of getting a personal loan. a.) Check your Credit Score b.) Check and pay your outstanding debt regularly c.) Maintain a low debt to income ratio
What is a personal loan?
A personal loan is the money lent to an individual from a bank or NBFC for a short-term at pre-determined interest rates. The money can be used to fulfill any immediate or critical needs of an individual.
How much time does it take to get the loan approved?
Different Banks and NBFC have different timelines for approval for different loans, so it depends entirely on the bank you are applying to. Typically, the customer can expect to get his loan approved within 24-72 hours of loan application submission
Will Rupeeq charge any fee from its customers?
All our services rendered to our customers are free of cost meaning Rupeeq will not charge any commission or processing fee from its customers at any stage of the process. Be wary of unknown callers who may use our name and ask you to pay certain fees for your case or loan application.
Can I track my loan application?
Surely you can. Once you have logged your personal loan application with Rupeeq, you will be issued a unique ID. This ID can be used to track your application. We notify the progress of loan applications to customers, through SMS alerts on their registered mobile number.
Who can apply for a personal loan?
The product has been designed to service the salaried & self-employed individuals.
Will I be charged a processing fee?
Yes, the banks & lending institutions charge processing fee which ranges from 1% to 3% of the total loan amount. You can negotiate with the bank and can expect to get a certain level of waiver on the processing charges if you have a strong portfolio & relationship with the institution is good.
How many days does it take to get the loan disbursal done?
Different Banks and NBFC have different disbursal guidelines and timelines. Disbursal of loan post sanction can maximum take upto 7 days from the date of sanction.
Will checking my credit score have any impact on my actual score?
No, not at all, Rupeeq is an official partner of CRIF which is why your credit score will not get affected after you check it on Rupeeq
How much credit score is a good credit score?
In India, there are different credit bureaus which have their own set of credit score calculating algorithms. But normally if your credit score is above 750, it is considered that you will be eligible for majority of credit products.
How to improve your chances of getting a personal loan?
Many personal loan applications get rejected as loan applicants are not able, at times, to fulfill the stated requirement criteria. You should check the following points before applying to a particular personal loan provider and to improve your chances of getting a personal loan. a.) Check your Credit Score b.) Check and pay your outstanding debt regularly c.) Maintain a low debt to income ratio
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