Loans
Financing for life's big milestones.
Overview
Whether you're buying a home, funding education, or need a personal or business loan, we help you compare lenders and secure competitive interest rates with minimal paperwork.
What We Help With
- Home loans and loan against property
- Personal and business loans
- Education loans
- Loan against mutual funds and securities
Interested in Loans?
Tell us your goals and we'll get back to you with the right options.
Get in TouchLoans FAQs
What credit score do I need to get a good interest rate?
A CIBIL score above 750 typically qualifies you for the most competitive rates lenders offer. Scores between 650–750 are still fundable but usually at a higher rate, and below 650 makes approval harder. Checking and improving your score before applying is one of the highest-leverage things you can do.
What's the difference between a fixed and floating interest rate?
A fixed rate stays the same for the loan term (or a set period), giving predictable EMIs. A floating rate moves with the lender's benchmark rate (often linked to the RBI repo rate), so your EMI can rise or fall over time. Floating rates are more common for home loans and are often lower to start, but carry rate-change risk.
Can I prepay my loan without a penalty?
For floating-rate home loans, RBI rules prohibit prepayment penalties for individual borrowers. Personal loans and fixed-rate loans may still carry a prepayment charge, so it's worth checking your specific loan's terms before assuming prepayment is free.
What documents are typically needed for a loan application?
Generally: identity and address proof, income proof (salary slips or ITR for self-employed), bank statements, and property documents for a home loan or loan against property. Requirements vary by lender and loan type — we can help you get the right paperwork together before you apply.
How is my loan eligibility calculated?
Lenders primarily look at your income, existing EMI obligations (your debt-to-income ratio), credit score, and employment stability. As a rough guide, most lenders keep total EMIs under 40–50% of monthly income. The exact formula varies by lender and loan type.