Frequently asked questions

What will be the APR that I will have to pay on the loans?
Apply to us for a quote of personal loans specifying the amount of loan that you will need, your credit status, if you are ready to place collateral, and any other detail specified. The lender will get back t you with the APR and other terms. Compare quotes from many lenders and you can easily know which lender has lower APR.

Do I secure lower APR if I am ready to place collateral?
Certainly, collateral reduces the risk in a loan for the lender, thus termed as secured loan. With reduced risk, lender may also reduce the APR and make the other terms more flexible.

I have a bad credit history. Do I qualify for secured personal loans?
Sure, you not only qualify for secured personal loans. You also qualify for more competitive terms. This is because lender fears lesser risk on lending to a bad credit borrower with his asset in hand.

Can I refinance my existing loan to get a new secured personal loan from your agency?
We always welcome refinance requests. Refinance will surely help us find competitive deals for borrowers. However, it is always recommended to contact existing lender for permission to avoid early repayment charges.

I am planning to use the proceeds of personal loan to education of my child. Am I eligible for such use?
Sure, personal loan is a multi purpose loan where there is no restriction on the use of loan.