Straight answers.

Most banks look for 700 or above. Scores between 650 and 699 can still get approved with select lenders, usually at a higher rate and a lower amount. Below 650, approval odds drop sharply and a secured option such as a gold loan or loan against property is usually cheaper.

Lenders cap your total EMIs, including the new loan, at roughly 50% to 60% of your net monthly income. On a ₹60,000 salary with no other EMIs, that supports an EMI of about ₹30,000, which is roughly ₹12 to ₹13 lakh over five years at 12% p.a. Use our eligibility calculator for your numbers.

We do a soft pre-screen that does not touch your bureau report. A hard enquiry happens only when you choose a lender and the formal application is submitted, which is one enquiry rather than the four or five people often rack up by applying everywhere.

Yes. Under RBI's directions on pre-payment charges, floating-rate loans to individual borrowers, and to micro and small enterprises within the prescribed limits, cannot carry foreclosure or pre-payment charges. Most personal loans are fixed-rate, where lenders may charge 2% to 5% of the outstanding amount after a lock-in of 6 to 12 months. We flag this in the lender comparison before you decide.

It depends on cost and speed. A home loan top-up at around 8% to 9% is far cheaper but takes longer and needs an existing home loan. A personal loan at 11% to 14% beats a credit card EMI at 15% to 24% and is quicker than a top-up. We compare all three when you have the option.

With complete documents, most banks sanction within 1 to 3 working days and disburse within a day of sanction. Pre-approved offers for existing bank customers can be same-day.

Banks typically offer slightly lower repo-linked rates and are stricter on income proof and property approvals. Housing finance companies are more flexible on property types (older buildings, plots, informal income) at a small premium. For a salaried buyer of an approved project, a bank usually wins; for complex cases, an HFC often does.

Lenders work out the EMI you can afford, generally 55% to 65% of net income minus existing EMIs, and convert it to a loan amount using the rate and tenure. The lower of that figure and the loan-to-value cap on the property becomes your eligible amount. Adding a co-applicant's income raises it.

Since October 2019, floating-rate retail loans from banks are linked to an external benchmark, usually the RBI repo rate, plus a fixed spread. When the repo rate moves, your rate follows within a quarter. It is more transparent than the older MCLR system, and we compare the spread, not just today's headline.

No prepayment or foreclosure charges apply on floating-rate home loans to individuals, as per RBI directions. Fixed-rate loans may attract charges; we highlight this in every comparison.

Yes. Lenders disburse in tranches linked to construction stages, and you pay pre-EMI interest only on the amount released until possession. For RERA-registered, lender-approved projects, sanction is faster because the legal check is already done.

Salaried applicants buying an approved project can see sanction in 3 to 7 working days. Resale and self-employed cases take 10 to 15 days because legal verification and financial assessment take longer.

Unsecured business loans generally need 2 to 3 years of operating history. Newer businesses can look at government schemes (Mudra, CGTMSE-backed loans through banks), loans against property, or a personal loan to the promoter. We will tell you which route is realistic.

Most banks want ₹40 lakh or more in annual turnover for unsecured loans; several NBFCs go down to ₹15 to ₹20 lakh with stronger banking. Loan amounts are usually capped at a multiple of monthly turnover or a fraction of annual profit.

Not always, but it helps a lot. Lenders use GST returns to verify turnover. Businesses below the GST threshold can still qualify with ITRs and bank statements, typically at lower amounts.

No. Unsecured business loans price at 14% to 24% p.a.; a loan against property runs 8.75% to 12.5% p.a. because it is secured. If you own property and can wait two to three weeks, a loan against property is usually the better choice. The unsecured loan wins on speed and simplicity.

Processing fees of 1% to 3% plus GST are standard. Watch for insurance bundling, documentation charges and prepayment charges of 2% to 5% during the first year. All of these are disclosed in the lender's Key Fact Statement, which we walk you through.

Lenders fund 50% to 70% of the market value they assess, subject to your ability to service the EMI. A residential flat valued at ₹1.5 crore could support a loan of up to about ₹1 crore for an applicant with adequate income.

Yes. Lease rental discounting (LRD) lends against the future rent from a registered lease with a good-quality tenant, often at a larger amount than a standard LAP because the rental income itself is counted.

A home loan funds the purchase or construction of a house and enjoys the lowest rates and tax deductions. A loan against property is taken on a property you already own, for any purpose, at a slightly higher rate and with a lower loan-to-value cap.

Several lenders run surrogate programmes that assess repayment capacity from bank statements, GST turnover or rental income rather than ITR alone. Rates are 1% to 2% higher than standard programmes. We will tell you where your file fits.

Two to four weeks is typical, driven by legal verification of the title chain and technical valuation. A ready set of property documents shortens this considerably.

For floating-rate loans to individuals, RBI directions prohibit prepayment charges. For loans to firms or companies, and for fixed-rate variants, lenders may charge 2% to 4%. We disclose this lender by lender.

As a rule of thumb, when the rate difference is 0.5% or more, at least 8 to 10 years of tenure remain, and the outstanding balance is ₹25 lakh or more. Our balance transfer calculator shows the exact break-even including fees.

Processing fee (often waived), legal and technical charges of ₹5,000 to ₹15,000, and stamp duty on the new mortgage deed in some states. There is no foreclosure charge on floating-rate home loans.

Yes. Most lenders offer a top-up of up to the eligible loan-to-value on the property, priced at or just above the home loan rate, disbursed along with the transfer.

Yes. Interest and principal repaid on the new loan continue to qualify for the same deductions on a self-occupied property, subject to the tax regime you follow and to the provisions in force for that year.

Rarely, but sometimes the dealer offers a cash discount or free accessories only if you take their finance. We compute the total cost of both routes so you can decide on numbers, not on the salesperson's pitch.

Up to 90% of ex-showroom or 100% of on-road price depending on the lender and your profile, subject to income: lenders usually cap the EMI so that your total obligations stay within 50% to 60% of income.

Most car loans are fixed-rate, so lenders may charge 3% to 5% of the outstanding amount if you close early, often reducing after two or three years. Some banks waive it entirely. We flag this in the comparison.

Yes, at a higher rate and a lower loan-to-value. Because the car secures the loan, NBFCs are more accommodating than they are on personal loans. A larger down payment helps.

Most lenders finance cars up to 8 to 10 years old at the end of the loan tenure. A 5-year-old car, for example, could get a 5-year loan with some lenders and 3 years with others.

Yes. Several NBFCs and some banks fund private-party sales, with the loan disbursed to the seller after RC transfer paperwork is in place.

Valuation uncertainty and faster depreciation mean more risk for the lender. A larger down payment or a newer car brings the rate down.

Yes, for institutions on lender-approved lists. Public sector banks fund up to ₹7.5 lakh without collateral under the credit guarantee scheme, and specialist lenders go much higher for top-ranked programmes.

After the moratorium: the course duration plus 6 to 12 months. Some lenders require simple interest to be paid during the course; paying it reduces the total cost.

Tuition, hostel and living expenses, books and laptop, travel for overseas study, insurance and exam fees. Lenders use the institution's cost estimate or the I-20 amount.

Lenders fund a percentage of the value of the gold content, based on the previous 30-day average price of 22-karat gold, with the limit set by ticket size under RBI's 2025 gold lending directions. Ornaments with stones are valued on gold weight alone.

Regulated banks and NBFCs store pledged gold in insured vaults and issue a detailed pledge receipt. We work only with regulated lenders with transparent auction and grievance policies.

Lenders issue notices and allow renewal or part payment before any auction. RBI norms require advance notice and refund of any surplus from an auction. Talk to us early if repayment looks difficult.

Doctors of all specialities, dentists, chartered accountants, company secretaries, cost accountants, architects, engineers, lawyers and management consultants with recognised qualifications. Programmes and limits vary by profession and lender.

Several lenders fund doctors with as little as one year of practice, sometimes on qualification alone, at lower limits. Super-speciality qualifications improve eligibility.

For eligible professionals, yes: lower rates, higher unsecured limits and lighter documentation. A business loan may still be needed for a company or firm structure that does not fit the programme.

Cash credit is a limit against stock and receivables, monitored through periodic stock statements and drawing power. An overdraft is a limit on your current account, often against property or fixed deposits, with fewer monitoring requirements. Both charge interest only on the amount drawn.

A long-tenure overdraft, typically against property, where the sanctioned limit reduces every month or year over the tenure. It gives the flexibility of an overdraft without annual renewals, and is popular with businesses that want a stable facility.

Yes, at smaller limits: unsecured overdrafts up to ₹50 lakh to ₹1 crore from some lenders for well-banked businesses, and invoice discounting where the receivable itself is the security.

Yes, with select lenders, at 60% to 75% of assessed value and shorter tenures. The machine's age, make and resale market matter.

Eligible micro and small enterprises can get collateral-free term loans through banks under the CGTMSE guarantee, which can reduce or remove the need for additional security. We help you check eligibility.

A machinery loan is secured by the equipment, so it offers higher amounts, longer tenures and lower rates. A business loan is unsecured and faster but pricier.