Mini Loan FAQ

If you are already registered as a borrower on the site then you don’t need to register as a mini loan borrower – you can put a request from the regular account.

No you do not have to register a mini loan lender. You can login to your regular account and click on the “Mini Loan” tab provided on your dash board. You can handle Mini Loans from that section.

Mini Loan amount is a fixed Amount of Rs 10,000.

The interest rate will be fixed and the loan period can be either 3 months, 6 months, 9 months or 12 months.

You can pay the balance of the loan at any time without any penalty.

No the loans will be funded by one Lender only.

The listing will remain active for a maximum of one month.

Yes a borrower can reject offers from Lenders but is allowed to reject a maximum of two lenders.