Easy loans

Frequently Asked Questions

Yes, we charge 0.5% of the total loan amount as a processing fee, if your loan gets rejected we will not charge you any processing fee.

Yes, until and unless you have all the documents right and a cibil report.

Yes, we will provide you loan based on your salary and your Credit report.

Yes, We provide loans for people with CIBIL score as low as 370 but his/her salary must be above ₹12000.

The rate of interest on a loan can have a significant impact on the monthly cash outflow, as it directly affects the amount of interest you will be paying each month on the principal amount borrowed. Generally, a higher rate of interest will result in a higher monthly payment, while a lower rate of interest will result in a lower monthly payment.

We charge ₹599 as a processing fee only if your credit score is less than 650, since credit scores less than 650 need through enquiry and analysis inorder to calculate the risk.

Yes we will consider your side incomes, but since salary is recurring it will be given more prominence.

No, Only an individual’s earning can be considered while lending loans.

Your loan is under review, please check if your documents are accurate, our agent will contact you and resolve the issue as soon as possible, Thank you for your patience.

The rate of interest we charge is influenced by many factors mainly, your credit report, salary, loan amount, loan tenure:
Although we charge an average of 12% p.a. for people with more than 500 CIBIL score, with ₹12000 salary.

We charge ₹159 for analysing your credit report, this is only if your credit score is less than 650.

We respect the privacy of our customers and the data we collect is automatically deleted after 30 days of the loan rejection or closure.

No, we provide loans solely on the basis of your salary and credit report.

When selecting a loan tenure, consider the monthly payment amount and your financial goals. A longer tenure means lower monthly payments but higher total interest paid.
Choose a shorter tenure if you want to pay off the loan quickly and reduce interest paid. Opt for a longer tenure if you need lower monthly payments. Keep in mind that the tenure may also affect your eligibility for the loan, so consider your financial situation and obligations before making a decision.