Frequently asked questions

Five proven routes: a balance transfer to a lender offering a lower rate, consolidating multiple high-cost loans into one cheaper secured loan (like LAP), extending the tenure for immediate EMI relief, part-prepayment to reduce principal, and negotiating a rate reset with your current lender.

Yes — a longer tenure spreads the principal over more months, so the EMI drops immediately. The trade-off is higher total interest over the life of the loan, so use tenure extension mainly for cash-flow relief, not as a first choice.

Every rupee prepaid kills the interest that would have been charged on it. On a ₹50 lakh loan at 11% with 8 years left, a one-time ₹5 lakh part-payment saves roughly ₹4.5–5 lakh in interest. For floating-rate loans to individuals, RBI rules make part-payment charges zero.

Yes. If the funds are for working capital, switching from a term loan (interest on the full principal) to an OD or cash credit (interest only on what you use) often cuts effective interest cost by 20%–40% for businesses with seasonal cash cycles.

A balance transfer moves your outstanding loan to a new lender at a lower interest rate. It makes sense when the rate gap is at least 0.75%–1%, the remaining tenure is 5+ years, and the transfer cost (processing fee, legal/valuation charges, stamp duty) is recovered within 12–18 months of EMI savings.

Only a small, temporary dip — the new lender makes a hard enquiry and a new account is opened. If you keep paying on time, the score recovers within a few months and usually improves as your interest burden falls.

The new lender's processing fee (0.5%–2%), legal and valuation charges, stamp duty and mortgage registration, your current lender's foreclosure charges (zero on floating-rate individual loans; 2%–4% on business fixed-rate loans), and any lock-in period on the new loan.

Yes — home loans are among the best candidates for balance transfers because tenures are long and even a 0.5% rate cut compounds into large savings. See our dedicated page for the process and eligibility.

Yes. Many NBFCs and some banks assess LAP on banking surrogates (bank-statement-based income estimation), rental income, GST turnover, or pure property value, instead of formal ITR. Rates are slightly higher, but approvals are practical for self-employed borrowers with strong banking or valuable property.

Residential houses and flats, commercial shops and office space, industrial sheds and factories, schools, colleges, hospitals, kalyana mandapams, godowns and warehouses can all be mortgaged — subject to clear title, approved plans and lender-specific policies.

Lenders typically fund 50%–70% of the property's market value (loan-to-value), capped by your repayment capacity. A property worth ₹2 crore can usually support ₹1–1.4 crore, subject to income assessment and title checks.

Compare the full-tenure interest rate (not teaser rates), processing and legal fees, LTV offered, prepayment and foreclosure charges, and the lender's turnaround time. The cheapest headline rate is not always the cheapest loan.

Most lenders require a business vintage of 2–3 years, annual turnover of ₹40 lakh+, ITR-filed financials and a CIBIL score of 700+. We help match you with lenders that fit your exact profile.

KYC (PAN, Aadhaar), 6–12 months bank statements, 2–3 years ITR & financials (for business), GST returns where applicable, and property documents for secured loans.

We do a soft eligibility check first, which does not impact your score. A hard enquiry is raised only when you choose to formally apply with a lender.

Yes, in many cases. We work with NBFCs that consider cash-flow-based underwriting, co-applicants and secured options to help low-score borrowers access credit.

We specialise in business loans — MSME loans, loan against property, professional loans, term loans, overdraft, cash credit, working capital, machinery loans and debt syndication — sourced from 48+ banks and NBFCs.

Unsecured business loans can be disbursed in 3–7 working days. Secured loans like LAP typically take 10–21 working days based on documentation and valuation.

We do not charge any fee until your loan is sanctioned. Our processing & advisory fees are transparent and shared upfront, before you commit.

We serve clients across Tamil Nadu — Chennai, Coimbatore, Madurai, Salem, Erode, Trichy, Tiruppur, Vellore — and major metros including Bengaluru, Hyderabad and Mumbai.