Any Indian citizen - be it salaried, professional or self-employed - can apply for a personal loan. Should have any of the Identity Proof like Passport, Driving License, Aadhar Card, Voter ID and PAN card. Should have valid address proof(should be a year old). Should have the latest 3 months payslips and salary credited bank statement. Should have valid company details(Salaried) and GST(Self Employed). Should meet the minimum eligibility criteria of lender like Banks & NBFCs. However, the criteria may differ from one bank to another. Minimum age of 21 years. Maximum age of 60 years at the time of maturity of the Loan.

There is a facility to submit the documents either online/offline with South Quest Fin Services.

Different banks offer different interest rates, so checking bank-wise personal loans is the best practice. The easiest and quickest way to find the best bank for you is to apply for a personal loan online through Buddy Loan, where we connect you to a plethora of lenders (banks and NBFCs) and help you choose the best for you.

Yes, you can avail of a personal loan even if you have a home loan in your name, but it all depends on your repayment capacity and monthly income.

Students are usually not eligible for a personal loan as they don't have any income source. However, if they have monthly income and satisfy the eligibility criteria of the banks, they can apply for a personal loan.

The primary credit score that all the banks consider is 750. Nevertheless, it may vary depending on the lenders, increasing the interest rate.

The loan approval process varies from one bank to another. Therefore, the approval and loan amount disbursement depends on the lender you choose.

Yes, your loan application can be considered based on lender to lender, with earlier employment details and documentation.

Your CIBIL score should always be above 720. Apply for a personal loan in a bank where you have great chances of approval. Make sure your credit card use is less than 20%. Don't apply for multiple loan applications in a short time.

The documents required for a personal loan can vary depending on the lender and the type of loan. However, some common documents that are generally required for personal loan applications include: Identity Proof: Passport, Voter ID, Aadhaar Card, PAN Card, Driving License, etc. Address Proof: Utility Bills (Electricity Bill, Telephone Bill, etc.), Aadhaar Card, Passport, etc. Income Proof: Salary Slips, Bank Statements, Income Tax Returns, Form 16, etc. Employment Proof: Offer Letter, Appointment Letter, etc.

It all depends on the terms and conditions of the lender. You can, of course, cancel the personal loan, but you will have to bear processing fees and cancellation charges. However, not all banks allow the cancellation of a personal loan after the loan disbursal.

The eligibility criteria for a personal loan can vary depending on the lender and the type of loan. However, some common eligibility criteria for personal loans include age of applicant, employment/income, citizenship and required documents.

The Personal Loan interest rate is calculated based on several factors, such as The borrower's credit history, Income, loan amount, Repayment tenure, The lender's internal policies and The interest rate may vary from lender to lender and can be fixed or variable. To apply for an instant personal loan online, you can check if you are pre-approved for a personal loan on our website. You can also compare the interest rates offered by different lenders to find the cheapest personal loan that suits your financial needs. You can calculate the interest rate for small cash loans to finance specific needs like marriage or a vacation. Overall, a Personal loans interest rate calculator can be a useful financial tool when you need quick access to funds, are well-informed of the journey throughout, and want to make wise decisions.

Personal loan is a type of loan that you can use for a variety of purposes, such as paying off debt, funding a home renovation, or covering an emergency expense. However, Consumer durable loans are ideal for people who want to purchase items such as appliances or furniture, as they provide more flexible repayment terms. To apply for a personal loan, you can opt for instant personal loan online options, where you can get a pre-approved personal loan or apply for a loan directly with a lender. You may be required to provide documents, depending on the lender's requirements. However, some lenders offer paperless personal loan options where you can get an instant personal loan without documents.

One can avail of a personal loan up to Rs 50 lakhs; at the end of the day, it all depends on the applicant's eligibility.

No security or collateral is required for obtaining our unsecured loans.

The minimum monthly salary required to get a personal loan differs from lender to lender. The minimum income should be around Rs. 20,000 per month.

Yes, Banks offer Balance transfer based on case to case basis.

You are allowed to use the personal loan for marriage purposes happily.

Using the South Quest FS EMI calculator, you can easily calculate the monthly EMI amount. Enter the loan amount. Enter the interest rate per annum. Preferred repayment tenure. The calculator displays the monthly EMI as per the details you have entered.

Loan application can be considered if your profile qualifies banking parameters.

Yes, you can take a personal loan from two different banks simultaneously, but it will increase your EMI and affect your credit score.

Yes, you can avail a personal loan without a salary slip. You can replace it with a bank account statement/Form 16 from the employer.

Yes, it can be considered provided proper documentation is available as per our checklist and other credit parameters getting fulfilled.

Co-applicant is not mandatory for all customers. However, in very few circumstances we would request you to provide a co-applicant; this is decided on the basis of credit requirements.

A personal loan gets sanctioned to individuals for various reasons, which should repay in 84 months. Both salaried and self-employed individuals are eligible to apply for Personal Loans.

Consider lenders who offer quick loan approvals. Fintech companies and online lenders may have streamlined processes and faster turnaround times than traditional banks.

The maximum amount of a business loan can vary depending on the lender, borrower's eligibility, and other factors, but it can range from a few lakhs to crores of rupees.

Age: Min 21 - Max 65 (at the time of loan maturity) Business Vintage: Min 2 years or above Annual Turnover: As per banks Credit score: 750 or above Nationality: Indian

Here are some basic documents that you need to get while getting started with a Business Loan – Identity Proof: Passport, driver's license, Aadhaar card, Voter ID. Address Proof: Utility bill (electricity, water, or gas), bank statement. Income Proof: Recent pay slips, Income Tax Returns (IT returns). Photographs: Recent passport-sized photographs.

Getting a business loan as a fresher can be challenging due to the lack of established track record and financial stability. However, with a strong business plan and collateral or a co-signer, it's possible to increase the chances of obtaining a loan.

You get to pay a lower premium and higher benefits. Probability of having a pre-existing illness is low hence waiting periods may also not impact you. Also, common illnesses such as flu and accidental injury can happen at any age so staying covered even when you are young is important.

You Can Buy Health Insurance Policy on South Quest Web Portal as per your needs.

Cashless hospitalisation means that the in-patient treatment charges availed by the insured are paid by the insurance company directly to the hospital. All insurance companies in India have a tie-up with a large network of hospitals where the insured/policyholder can avail cashless treatment for an illness or accidental treatment.

There is no right or wrong age to buy a health insurance policy. However, it is suggested to buy it as early as possible.

Health Insurance is a type of insurance that allows the insured for medical expenses reimbursements up to the coverage amount for their medical expenses in case of illness or accident, it includes doctor’s fees , medication, diagnostics test & hospital expenses.

Medical tests are not mandatory before buying a health insurance policy. However, most health insurance companies in India require medical test reports if the age of the applicants is above 45 years. The type of medical tests required can vary depending on the age of the applicant and the insurer’s requirement.

If you are confused about how to get a home loan, you can apply online for a home loan through South Quest’s website.

No, you cannot get a 100% home loan from any bank, housing finance company, non-banking financial company, or other lenders. Lenders usually finance around 75% to 90% of the property’s cost as home loan amount and the remaining 10% to 25% has to be borne by you.

The property that you purchase, construct or renovate is used as the collateral against the loan. So you do not have to provide any additional security or collateral.

When you apply for a home loan, most banks require you to have an ITR of at least the last two years.

You can get loans up to Rs.10 crores. However, the maximum loan quantum varies from one bank to the other and also depends upon the eligibility criteria that the applicant fulfils.

You can calculate home loan EMI by using Home Loan EMI Calculator available on our website.

There are several home loan offers that you can choose from. Currently, HDFC Bank offers very low-interest rates comparatively. However, you need to assess all the features of the loan and compare different banks before choosing a plan for yourself.

You can apply for a home loan under PMAY (Pradhan Mantri Awas Yojana) to avail home loan subsidy of up to Rs. 2.67 lakhs per year till the end of the tenure (up to 20 years maximum).

EMI for a loan amount of Rs. 20 lakhs depend on the repayment tenure and interest rate applicable on the loan. For example if you pay 8.50% p.a. rate of interest for Rs. 20 lakhs loan amount for a tenure of 30 years, your EMI will be Rs. 15,166 You can use our Home Loan EMI Calculator to calculate your loan EMI.

You can get a maximum of 90% of the cost of the property as a home loan, depending on your eligibility, creditworthiness, property’s value, and other factors.

SBI, HDFC, ICICI, Yes Bank, PNB, and Kotak Mahindra are some of the best banks for home loans in terms of their services and rates.

You must have a CIBIL score of 650 or above to be eligible for a home loan.

Your eligibility for home loan amount is dependent on various factors, such as income, age, employer, CIBIL score, location of the property, property’s cost, etc. Every bank has its own eligibility criteria.

No, collateral is not required for availing of a two-wheeler loan as the vehicle acts as collateral in this case. This is also called hypothecation.

Loan EMI calculators can be used to determine the exact amount of EMI to be paid for a two-wheeler loan.

The answer to this question depends upon the lender of the two-wheeler loan. Most of the lenders will finance up to 80-90% of the loan but, there are options wherein 100% financing is available for the borrower.

The interest rates for a two-wheeler loan start from 9% per annum and go up to 16% per annum.

A two-wheeler loan is a form of a secured loan that is given by a bank or an NBFC (Non-Banking Financial Company) to an individual to help him/her buy a bike or a scooter when he/she does not have enough funds to buy the same.

Two-wheelers are costly and so it is generally very hard for a person to pay the entire amount in one shot especially if one has other financial obligations for the month. So, a two-wheeler loan goes easy on the pocket as one can pay EMIs (Equated Monthly Instalments) on a monthly basis and repay the loan over a period of time.

Most banks and Non-Banking Financial Companies finance up to 100% of the two-wheelers on-road price. In some cases, the registration and the insurance charges are also covered by the loan amount.

Yes, a minor student can take a loan for a two-wheeler if the co-applicant is a major or any of the parents.

A credit score greater than 700 is preferred by the lenders to give a two-wheeler loan.

The customer must be a minimum of 18 to 21 years of age and a maximum of 60 years of age.

The minimum salary requirement for an individual is Rs. 7000 per month for a two-wheeler loan.

The bank or the lending authority may repossess your vehicle and may not allow you to use the vehicle any longer.

The customers can get up to INR 10 Lakhs for the purchase of a new vehicle.Two-wheeler loans have tenures that can extend up to 5 years.

Many lenders do not ask for a guarantor or co-applicant for an auto loan for a new car. However, if your income does not meet the lending criteria, then you might be asked for a guarantor to stand as surety for the loan

It is possible to prepay your entire auto loan subject to certain provisions. You might also need to pay a penalty for exercising the prepayment option. Moreover, some lenders may not allow a partial prepayment and may only entertain a full pre-payment of the entire loan amount with interest.

Visit the South Quest Website and apply for auto loan.

The loan application form will list all the documents required for an auto loan. The documents could include (among others) identity proof, residence proof, salary slips and bank statements. The actual documentation required varies according to each lender and depends on your individual professional situation. For instance, those who are self-employed (in sole proprietorship or a private partnership) may need to provide a different set of documents (such as IT returns). It is best to read the documentation required listed in the loan application.

First, Visit South Quest Website and it is important to obtain a copy of your credit report well in advance of applying for a loan in order to minimise the chance of rejection. You need to concentrate on improving your credit score to at least 750. This can take an average of 4-12 months, depending on how serious your individual credit situation is. If you have a low score, you can spend time improving your score so that you become loan-eligible before you apply for a loan. Once you improve your score, you are in a position to have your loan approved and avoid the chance of rejection. Also, a higher score means you can avail of more attractive terms that will lighten your repayment burden.

Unlike home loans, auto loans have fixed interest rates. Your lender will fix a rate based on, among other factors, the type of vehicle or the loan amount. For instance, the interest rate on a loan for purchasing a luxury car will be lower than a compact car since the down payment made on a luxury car is far larger.

It is difficult to get auto loans (or any other loans, for that matter) with bad credit. Lenders typically do not want to risk giving loans to customers who do not have a good credit repayment record. However, each lender has a different set of requirements and criteria for lending. So it is possible that even if multiple lenders reject you, you might have a small chance to qualify with another lender who has different requirements. Generally, if you have a credit score of less than 750, it is difficult to get approved for a loan.

An auto loan is e used to buy new cars, used cars and two-wheelers (known as a Two-Wheeler Loan). It can also be used to buy commercial vehicles like, for example, trucks or buses when it is known as a Commercial Vehicle Loan.

Most lenders have a maximum repayment tenure of 15 to 25 years for LAP.

Yes. Being a secured loan, your application can be approved with a low credit score as well.

You can get as much as 90% of a property's market value as a loan against your property, depending on your property’s value.

ICICI, IDFC Bank, Kotak Bank, HDFC, SBI, Federal bank are some of the banks which are offering great deals on loans against property.

● Industrial properties, including factories, warehouses, and processing units. ● Commercial properties, including malls, complexes, shops, office buildings, and hotel buildings. ● Residential properties, including residential homes, apartments, flats, and individual houses. Schools, hospitals, cinema halls and other properties . ● It can also be provided against non-agricultural land. ● LAP is also offered against unbuilt/under construction property if it falls under the list of approved builders of banks/ NBFCs.

Individuals with a minimum CIBIL score of 600 or above against avail LAP.

Many types of mortgage loans exist in the industry, i.e., mortgages, commercial mortgages, and industrial mortgages. Each bank has its product and interest rate. It is tedious to compare the products offered by a range of banks. South Quest can help you in this regard. We procure information from various sources and display it on a single screen thereby allowing you to compare a range of products. It helps you make an informed decision. We help you with other aspects of the deal like demographics, income and repaying capacity, and so forth. At South Quest, you have access to: ● The lowest rate of interest: The comparison on the screen allows you to choose the lowest rate on offer. ● Lowest processing fees: Usually, banks charge processing fees to the extent of 0.50-1%. As there is an involvement of a high amount, processing fees can constitute a significant chunk of your expenses. ● Easy documentation: The credit team at South Quest helps in completion of documentation formalities. ● Higher Loan to Value Ratio (LTV): The LTV differs from bank to bank. At South Quest, you will be able to compare the various margin rates and choose the one most suitable for you. ● Prepayment clauses: These are hidden charges that borrowers usually ignore. It can be in the range of 2-5%. South Quest helps you compare the prepayment clauses of various banks and help you find the best choice. ● Transaction charges: LAP requires the creation of an equitable mortgage of property. It can cost you a lot of money ranging from advocate fee, evaluation fee, stamp duty on mortgage registration, and so on. Some banks include the advocate fee and evaluation fee in their processing fee structure whereas some banks charge separately. South Quest helps you make this distinction and gets the deal most beneficial for you.