Everything you need to know about applying for a loan through LoanFirst Solutions.
Salaried individuals aged 21-60 and self-employed professionals or business owners aged 25-65 with a regular income source can apply. Specific eligibility varies by lender and loan type.
Most of our partner lenders prefer a CIBIL score of 700 or above for the best rates, though some products accept lower scores with adjusted terms.
Yes, self-employed applicants can apply by submitting income proof such as ITR filings and bank statements for the last 6-12 months.
Typically PAN card, Aadhaar card, latest salary slips or ITR, and 3-6 months of bank statements. Exact requirements depend on the loan type and lender.
The eligibility check takes minutes. Once documents are submitted, personal loans are usually approved within 24-72 hours; home and property loans may take 1-2 weeks.
In most cases, no. Our advisor collects and verifies documents digitally or via a scheduled visit, and only certain lenders require a short in-person KYC step.
We don't charge applicants any consultation fee. Our service is funded through referral arrangements with partner banks and NBFCs, which never affects the rate you're offered.
Yes, lenders typically charge a processing fee ranging from 0.5% to 3% of the loan amount plus applicable GST. This is disclosed upfront before you accept any offer.
This varies by lender and loan type — several of our partner banks offer zero foreclosure charges on personal loans. We always highlight this clearly when comparing offers.
Personal loans: 12-60 months. Business loans: up to 5 years. Home loans: up to 30 years. Car loans: up to 7 years. Exact tenure depends on the lender and loan amount.
A missed EMI may attract a late fee and can affect your credit score. We recommend setting up auto-debit and reaching out to your advisor immediately if you anticipate a delay.
