FAQs

Loan  Amount FAQs

1. What types of loans do you offer?
2. We offer Personal Loans, Home Loans, Loan Against Property, MSME Loans, Working Capital, and Term Loans.
3. How much loan amount can I get?
4. The loan amount depends on your profile, income, credit score, and lender policies.
5. What is the repayment tenure for loans?
6. It varies from 12 months to 30 years, depending on the type of loan and lender.
7. Can I apply for a loan online?
8. Yes, you can apply through our website, and our team will assist you with the process.
9. Are there any hidden charges?
10. No, we ensure complete transparency in charges and fees before loan processing.

Loan Interest FAQs

1. What is the interest rate for loans?
2. Interest rates vary based on loan type, borrower profile, and lender policies.
3. Is the interest rate fixed or floating?
4. It depends on the loan type; some loans have fixed rates, while others have floating rates.
5. How can I get a lower interest rate?
6. A high credit score, stable income, and lower debt can help you secure better rates.
7. Does my employment type affect my interest rate?
8. Yes, salaried employees often get lower rates compared to self-employed individuals.
9. Can I negotiate the interest rate with the lender?
10. In some cases, yes. A strong credit profile can help in negotiation.

Loan Eligibility FAQs

1. Who is eligible to apply for a loan?
2. Any individual with a stable income and a good credit score can apply.
3. What is the minimum salary required to get a loan?
4. The minimum salary requirement varies by lender and loan type.
5. Is there an age limit for applying for a loan?
6. Yes, typically between 21 to 65 years, depending on the lender.
7. Do I need a guarantor or co-applicant?
8. Not always, but some lenders may require it for larger loan amounts.
9. Can self-employed individuals get a loan?
10. Yes, but they need to show proof of income and business stability.

CIBIL Score FAQs

1. What is a CIBIL score?
2. It is a three-digit number that represents your creditworthiness.
3. What is the minimum CIBIL score required for a loan?
4. Most lenders prefer a score of 700 or above.
5. How can I check my CIBIL score for free?
6. You can check it on the official CIBIL website or through various financial platforms.
7. Can I get a loan with a low CIBIL score?
8. Yes, but you may face higher interest rates and stricter terms.
9. How can I improve my CIBIL score?
10. Pay EMIs on time, reduce credit utilization, and avoid multiple loan inquiries.

Timeline FAQs

1. How long does it take to get a loan approved?
2. It can take anywhere from 24 hours to a few weeks, depending on the lender.
3. What affects loan processing time?
4. Your credit score, documentation, and lender policies impact the timeline.
5. How soon can I get my loan disbursed?
6. Some loans are disbursed within 24-48 hours, while others take longer.
7. Can I track my loan application status?
8. Yes, you can track it through our website or by contacting our team.
9. Is there an option for fast-track loan approval?
10. Yes, pre-approved offers and minimal documentation can speed up the process.

Documents & Verification FAQs

1. What documents are required for a loan application?
2. Generally, you need identity proof, address proof, income proof, and bank statements.
3. Do I need to submit physical documents?
4. Many lenders accept digital copies, but some may require physical verification.
5. How long does the document verification process take?
6. It typically takes 24-72 hours, depending on the lender.
7. Can I apply for a loan without income proof?
8. It is challenging, but some lenders offer secured loans without income proof.
9. Is a PAN card mandatory for loan applications?
10. Yes, most lenders require a PAN card for KYC and credit verification.

About Us FAQs

1. What is CashBazaar.in?
2. We are a Chennai-based Loan DSA with 15+ years of expertise in loan services.
3. How are you different from other DSAs?
4. We don’t push customers to specific banks and ensure minimal loan applications to protect credit scores.
5. Do you charge a fee for loan processing?
6. No, we do not charge customers; our service is free for borrowers.
7. Which cities do you serve?
8. We serve across Tamil Nadu and top cities like Bangalore, Hyderabad, Mumbai, and Pune.
9. How can I contact cashbazaar.in?
10. You can reach us through our website, email, or call our customer support team.