Question 1

What is the interest rate for a Micro Loan Against Property?

Accepted Answer

Ratnaafin offers Micro Loan Against Property interest rates starting from 1.1% per month*. The final rate depends on the overall assessment of the borrower profile, property and repayment capacity.

Question 2

How is the interest rate decided?

Accepted Answer

The interest rate is determined after reviewing factors such as the applicant's financial profile, credit history, property details and the requested loan structure.

Question 3

Can a better credit profile improve my interest rate?

Accepted Answer

A healthy repayment history, organised financial records and a stronger credit profile contribute positively during the assessment process.

Question 4

Does the property type affect the interest rate?

Accepted Answer

Yes. Property eligibility, valuation and applicable lending criteria form part of the overall credit assessment.

Question 5

How can I improve my chances of getting a better rate?

Accepted Answer

Maintaining a healthy repayment record, keeping documents updated and applying for a loan amount aligned with your financial requirement all help present a stronger application.

Hear from Our Happy Customers