Question 1

Why does my interest rate differ from my friend’s?

Accepted Answer

Interest rates are personalized based on your credit profile, business age, turnover, GST compliance, and existing obligations. Two businesses are never identical. A strong profile gets better rates; this system rewards responsible borrowers.

Question 2

Can I negotiate my interest rate after loan disbursal?

Accepted Answer

Rates are determined during the assessment phase based on your profile. However, if you improve your CIBIL score or increase your GST compliance after 6–12 months, you can apply for a fresh top-up loan at a better rate. (repo rate, lending rate changes then we will change or negotiation)

Question 3

Is prepayment of loan allowed?

Accepted Answer

Yes! Prepayment is allowed after 12 months*. You only pay interest for the months you’ve borrowed, prepaying early saves significant interest costs.

Question 4

Are there any hidden charges I should know about?

Accepted Answer

No. Our charges are clearly listed: processing fee, documentation, and that’s it. No surprise charges. We believe in full transparency.

Question 5

How is interest calculated on the reducing balance method?

Accepted Answer

On reducing balance, interest is charged only on the outstanding principal amount each month, not the original loan amount. This means your interest decreases as you pay down the principal. Hence, you save more money with each EMI. It’s the fairest method for borrowers.

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