LOANS

The right loan in the quickest time at Finequs!

Loans can be availed for various reasons like buying a new home, medical emergencies, or funding business growth. A suitable loan from a financial institution is a smart way to manage your finances. It also helps create your credit history. Planning your loan is really important. You should have regular income or salary to pay back your EMIs and loans on time. This will help maintain a good credit history, which is vital!

Finequs matches your requirements and facilitates the most suited loan from a range of lenders. All it takes is a few clicks to be on your way to financial freedom.

Apply now

Loan Against Property (LAP)

When you need cash quickly.

Personal loans are a quick & convenient way to meet a variety of expenses. They require minimal paperwork and no collateral. Find the best personal loan options with Finequs.

Multi-purpose Loan

Complete freedom on how you spend your loan amount.

No security or collateral required

You don’t have to declare a collateral in the case of personal loan.

Flexible Repayment Options

With Personal Loans, you can opt for flexible EMI and tenure.

Pre-approved loan offers

Based on past credit history, Banks' and NBFCs' provide pre-approved loan offer which can be used anytime and anywhere.

Age of the applicant must be between 21 and 59 years.
Income greater than INR 10,000 per month credited to bank account.
Credit score above 550

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

6 Months Bank Statement

For Salaried Employees

4 Months’ Salary Slip

For Self-Employed

ITR of last 2 years
Business Vintage Proof

Frequently asked questions?

1. How is a personal loan different from other loans?

It is an unsecured loan as it does not require any collateral and provides flexibility for end usage of funds.

2. Does my credit score affect my eligibility for availing a personal loan?

Yes, it does. Most banks usually require a good credit score preferably above 550.

3. Do I have to provide any collateral for personal loan?

No. Personal loan is unsecured and does not require a collateral.

4. Which is the best lender that offers personal loan?

Finequs has partnered with most of the Banks, NBFCs and Fintech firms and can help you choose the one that suits you the most.

5. When will the loan get disbursed?

It varies based on the lender and your profile.

6. Who can apply for personal loans?

Salaried, self-employed.

7. Can I prepay a personal loan?

Yes, you are allowed to prepay subject to a prepayment fee that varies among the lenders.

8. What is the tenure of a personal loan?

The tenure of the personal loan varies between 12 and 60 months

Keep your business growing.

Business loans help you meet working capital and capital loan needs. Apply via Finequs for the most competitive rates.

Most of the Businesses are eligible for this loan, some of them mentioned below

General Traders/ Shops
Service Industries
Manufacturing Industry
All types of Shops
Mini Mart/ Super Markets
IT Industries (Software/ Hardware)
Automobile Industries
Textile Mills

Self-employed Individuals
Private limited companies
Proprietorship firm
Partnership firm
Retailers and Traders
Manufacturers
Service Providers
Professionals

Business Vintage

Greater than 6 Month.

Credit Score

CIBIL score greater than 550

Loans are granted based on Business Income, Turnover and subject to a credit review. Borrower with no income proof can also be provided with loans subject to certain conditions.

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill
Aadhar Card
Ration card
Telephone bill
Property tax receipt for proof of property Ownership

Proof of business identity

Shop Licence
GST certificate
Labour Licence
Trade Licence
Food Licence
Udyog Aadhar
Certificate of inco-orporation
Memorandum and articles of association (If applicable)

Business Proof

One Year Bank Statement
2 Years Income Tax Returns (ITR)

Frequently asked questions?

1. What is a business loan?

A loan availed to expand the business.

2. Who can avail a business loan?

Self-employed Individuals, Private limited companies, Proprietorship firm, Partnership firm, Retailers and Traders, Manufacturers, Service Providers and Professionals

3. What is the periodicity of the repayment?

Daily, weekly and monthly installments.

4. Can a Business loan be prepaid?

Yes, however a penalty is levied upon prepayment.

Drive your dream.

Owning a car is fast becoming a necessity. With car loans you can get the vehicle of your choice, and repay in easy monthly installments. No need to dip into your savings or be constrained by your current income levels.

Collateral

No additional collateral – The car you buy with this loan is the sole collateral.

100% finance

You can get 100% finance for new cars and upto 85% for used cars.

Loan types

Home loans, Plot loans, home improvement loans.

No restriction on choice and price

There is no restriction on the choice and price of your car, subject to your eligibility criteria.

Competitive interest rates

Desirable interest rates and repayment in EMIs.

Salaried or self-employed individual above 18 years of age.
Minimum Salary of INR 20,000 per month

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

Bill of sale/Invoice pertaining to the car purchased

Last 3 or 6 months’ pay slips whichever is applicable
ITR and Form 16

Frequently asked questions?

1. What is a car loan?

A car loan is a sum of money borrowed from a lending partner with an intent to purchase a car.

2. What is the tenure of a car loan?

The tenure of car loan ranges between 1 and 7 years.

3. What is the collateral for a Car loan?

The purchased car acts as the collateral in a car loan and can be repossessed by the bank if you are unable to pay back the loan.

4. Can I get a loan for used cars?

Yes, you can. However, the interest rates for new and used cars differ.

5. What is the maximum amount of a car loan that I can avail?

There is no upper limit. Maximum amount available depends on the price of the car and your monthly income.

No limits to education.

Education loans can be availed to pay tuition fees for school, college and universities abroad. By nature, these loans are designed to help young people fulfill their educational dreams & aspirations.

Collateral

No collateral required for loans up to INR 7.5 Lakhs

Special tax concessions

Education loans enjoy special tax concessions under section 80C and 80E

Moratorium Period

In case of Loans for overseas education, repayment can commence after completion of the course.

Competitive interest rates

Eligibility criteria varies from lender to lender based on the nature of study.

Age: Must be 18 years or above
Course Eligibility: Must have secured admission in any eligible course as listed by the lender.
Co-applicant: Your co-applicant must be an immediate family member.

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

You need to provide the letter of admission from the educational institute you have secured admission in.

Student’s Academic documents

10^th and 12^th marksheets
College semester-wise marksheets
Scholarship document (if any)
GRE/GMAT/TOEFL/IELTS Scores if applying for education abroad

Frequently asked questions?

1. When do I need to start repaying the loan?

For overseas studies, the repayment starts 6 months after the completion of the course or after securing a job, which ever is earlier.

2. Is there an age limit for education loan?

The maximum age limit is 30 years.

3. Is there a penalty for repaying the loan early?

There is no prepayment fee for early settlement.

4. Does previous academic performance matter?

A good academic track record can assure the lender of your commitment to complete the course.

5. What about tax benefits?

Education loans currently enjoy tax benefits under section 80C and 80E of Income Tax Act, 1961.

It’s always good to have gold!

Gold loans are secured, instant loans, given against the value of pledged gold articles (within a range of 18-24 carats). The loan is usually a percentage of the gold, typically upto 80%, based on the current market value and quality of gold.

Instant disbursal

Gold loan is disbursed immediately after you pledge your gold.

Documentation

Basic KYC requirements only.

No Pre-payment charges

Lenders usually waive pre-payment penalty on Gold loan.

Competitive interest rates

Aged above 18 years.

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

Application to be witnessed by two adult in case of illiterate borrower.

Frequently asked questions?

1. Who can avail a gold loan?

Anyone above the age of 18 and owns gold or jewelry can avail a gold loan

2. Does my credit score affect my eligibility to take a gold loan?

You can take a gold loan even if you have a bad credit score.

3. What if I want to pay back the loan early?

Usually there is no penalty for prepayments.

4. How do I repay my Gold loan?

Monthly EMI’s or Bullet repayment.

Home sweet home.

Home Loans are given to individuals for buying, building or renovating homes. Home Loans can be repaid over a period of time ranging from 10-30 years. Finequs helps you shortlist the most advantageous home loans, to get started on your dream house.

Competitive interest rates

Home loans enjoy preferential interest rates and tax benefits. There is also an option of fixed or floating rate of interest.

Top Up Loan

Get a top-up loan without any extra documentation

Loan types

Home loans, Plot loans, home improvement loans.

Easy balance transfer process

Home loans have easy balance transfer process so that you can switch from one lender to another to avail better rates of interest.

Co-applicant

If your co-applicant is employed then the loan amount can be increased.

Applicant must be above 18 years of age.
Salary greater than INR 10,000 per month
Two years Income Tax Return

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

If Salaried Employee

3 Months’ Salary Slip
6 Months Bank Statement

If Self-Employed

Two-years Income Tax Returns
One-year bank statement

Property Related Documents

Parent Documents
Building approval
Patta (Land Document)
Sale-Purchase agreement or Construction contract

Parent Documents
Building approval
Patta (Land Document)
Sale-Purchase agreement or Construction contract

Frequently asked questions?

1. What is a home loan?

A home loan is a sum availed to pay for construction or payment of a home or even for home improvements.

2. Can I get a 100% home loan?

Only 80-90% of the purchase value, is financed by the lender.

3. What is the minimum salary for a home loan?

A minimum monthly income of Rs. 15,000 per month in a metro city, and a minimum monthly income of Rs. 10,000 per month in other locations.

4. What is the maximum time allowed to pay my home loan?

The tenure can vary from 10-30 years.

5. Who can be a co-applicant?

Immediate family member can be a co-applicant.

Get the property advantage!

Loans against property are a secured facility available to salaried and self-employed people. This loan is given against fully constructed, freehold residential and commercial properties. The loan can be used for any purpose except for making speculative investments.

Maximum funding

You can get up to maximum funding on the property value as a loan amount.

Multi-purpose Loan

There are almost no restrictions on how you spend your personal loan.

Doorstep service

Your loan request can be processed at your doorstep.

Balance Transfer

Transfer your existing loans through us to get extra benefits.

LAP through Finequs

Loan Against Property is available also to the individuals without income proof.

Competitive interest rates

You must be above 21 years of age
Credit score above 650
Monthly income greater than INR 15,000 if salaried

For Self-employed

Business proof
No Income Tax Return required

Any one of the following ID proofs

Aadhar card
PAN Card
Passport
Voter’s ID
Driving license

Any of the following documents indicating current place of residence

Electricity bill
Water bill
Phone bill

Bank Statements
IT Returns for the past 3 years/ Form-16 if available
Property documents/ Title deed
Salary slips for the past 3 months

Frequently asked questions?

1. What is Loan against property?

Loan granted against a collateral of an owned property.

2. What is the maximum loan tenure of LAP?

The maximum loan tenure is 15 years

3. Is prepayment facility available for LAP?

Yes, prepayment facility is available without any penalty after six months with a ceiling for payments in a financial year. However, terms vary when loan is transferred to another lender.

4. Is there any additional collateral?

The property you own is the only collateral.

5. Who can be a co-applicant?

Your spouse or immediate family member.

Calculate your Business Loan EMI

Loan Amount

Rate of Interest

Loan Tenure

Loan EMI

Total Interest Payable

(Principal + Interest)

Total Amount Payable

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