Frequently Asked Questions

LoanSeth is a DSA (Direct Selling Agent) platform that connects borrowers with various lenders like Banks, NBFC's and financial institutions, helping them to avail the best loan as per their need and eligibility. The platform also hosts good investment options for individuals who wish to invest and grow their capital.

No. LoanSeth does not lend directly. We act as an intermediary by connecting you to verified lenders who offer loans catered to your needs.

Yes, our platform is completely free for borrowers. There is no charge to borrowers.

The data that you enter is collated by us and is then run through multiple lenders to find the most suitable offer for you. LoanSeth saves you the hassle of comparing and figuring out the lender and thus is much more convenient and quicker.

Absolutely. Your personal and financial data is secure and shared only with authorized lenders as per our Privacy and Data Protection Policy.

It depends on the lender and loan type, but digital verification allows many applications to be approved within 72 hours.

Yes you can, though credit score is a crucial factor in determining eligibility, some lenders do offer loans to borrowers with comparatively low credit scores.

Yes, most lenders allow foreclosure/ pre-payment of loans with no or minimal applicable charges as per their policy.

Typically, you'll need KYC documents (PAN, Aadhaar), income proof for most loans. You may require product-specific papers like property or business documents depending on the type of loan you apply for.

You can register through the "Become a Partner" section on our website and start earning by referring loan applications.

Home loan can be used for buying and/or constructing a residential property.

Up to 90% of the property's value, depending on lender and eligibility.

Home Loans typically have longer tenures and can go up to 30 years.

Depending on lender policy, you may or may not need a co-applicant.

Yes, many lenders offer top-ups after some specific EMI's are paid.

Many lenders have property insurance as a bundled product with the Home Loan.

Balance Transfer is a facility where you move your existing loan to another lender for better rates, higher tenures and additional loan amount (top-up).

Yes, lenders perform legal and technical checks on the property.

A personal loan is an unsecured loan for personal expenses like weddings, travel, education, or medical needs.

No, personal loans are unsecured.

It ranges usually between 6 months to 7 years, depending on the lender.

KYC documents, address proof, income proof, bank statements and few additional documents as per lenders policy.

A higher bureau/credit score may improve your chances of approval and better interest rates.

Most personal loans are disbursed within 24–48 hours after approval.

A short-term personal loan is an unsecured loan with a shorter repayment period—usually 1 to 12 months—designed for urgent financial needs.

It can be used for medical bills, travel, small purchases, emergencies, or any short-term requirement.

Typically, you must be 21–65 years old, salaried or self-employed, with a stable income and a good credit profile.

Approval can happen within a few minutes to an hour, depending on lender.

No, these loans are completely unsecured and do not require collateral.

Yes, interest rates will be far higher due to it being unsecure and of a shorter tenure.

A loan for purchasing, constructing, or renovating commercial spaces like offices, shops, or industrial units.

Yes, this version is tailored for business purposes and may offer higher limits.

KYC documents, address proof, income proof, bank statements and few additional documents as per lenders policy.

Usually upto 15 years.

Self-employed individuals, business owners, and companies with stable financials.

Yes, business turnover, cash flow, and profitability are evaluated.

Balance Transfer is a facility where you move your existing loan to another lender for better rates, higher tenures and additional loan amount (top-up).

Lease rental discounting is a facility where you can leverage your regular rental incomes for loans.

Yes, rental income may improve loan eligibility.

Yes, lenders perform legal and technical checks on the property.

You can use it for personal needs like weddings, education, medical expenses, renovation, business working capital etc.

No. The property remains yours unless you default on repayments.

Yes, both residential and commercial properties are accepted. Some lenders do accept land too as collateral.

Usually upto 15 years.

Usually upto 80% of the market value, however each lender has their own criteria.

Yes, lenders perform legal and technical checks on the property.

Yes, even though the loan is secured, income proof is required to determine repayment capability.

Balance Transfer is a facility where you move your existing loan to another lender for better rates, higher tenures and additional loan amount (top-up).

Any registered Micro, Small, or Medium Enterprise as per government norms.

Depending on the amount of the loan, it may be secured or unsecured. For example : Loan upto INR 30 lakhs can be unsecured.

Usually within 2–5 working days for verified applications.

Yes, some lenders have startup-friendly products under MSME financing.

Registered MSMEs including proprietorships, partnerships, LLPs, and private limited companies.

Working capital, expansion, equipment purchase, stock purchase, etc.

Various government schemes like CGTMSE, PMEGP, Mudra Yojana etc exist to support and uplift MSMEs.

Generally 1–3 years but it varies across lenders and loan amounts.

Balance Transfer is a facility where you move your existing loan to another lender for better rates, higher tenures and additional loan amount (top-up).

MSME loans are for registered MSMEs; business loans cover all business sizes, including startups.

Depending on the amount of the loan, it may be secured or unsecured. For example : Loan upto INR 30 lakhs can be unsecured.

Upto 15 years, depending on the loan type and lender.

KYC documents, address proof, income proof, bank statements and few additional documents as per lenders policy.

Expansion, operational costs, asset purchase, new project funding etc.

Balance Transfer is a facility where you move your existing loan to another lender for better rates, higher tenures and additional loan amount (top-up).

Loan amount varies as per tenure, eligibility, university, collateral and other parameters across lenders.

Students getting admitted in premier universities overseas and in India generally are eligible for collateral free loans from most lenders.

Majority of the lenders do provide moratorium period to students studying in prestigious institutions across the country and overseas.

Except for certain short-term courses, co-applicant is mandatory wherever the student does not have a source of income.

Yes, we help in offering education loans for various universities outside India.

Yes, generally all Banks and NBFCs specialising in education loan fund up to 100% of the cost of education.

Yes, you may be eligible for loans depending on the lender institution for your short term course.

A secured loan where gold ornaments, biscuits or coins are pledged as collateral.

Depending on the gold's purity, weight and rate, as per RBI policy, upto 75% of the market value can be provided.

Usually within a few hours after gold valuation and document verification.

Yes, as per RBI regulations; all gold is securely stored in vaults by the lending institutions.

Lenders may auction the pledged gold after due notice.

No, gold loans usually do not require credit checks.

Yes, your credit score will get negatively impacted.

Generally for gold loans, interest is due for payment monthly and principal is paid in lumpsum at the end of the tenure.

Yes, some lenders do provide credit cards based on other parameters like income, fixed deposits etc.

Interest free period depends on your billing cycle, spend date and based on your credit card issuer; it can vary from 30–60 days.

After consistent use and timely payments, lenders may enhance your limit.

Salaried or self-employed individuals with stable income.

Credit cards have various benefits like access to credit, reward points, cashback, EMI options, travel perks, credit score building etc.

Limits depend on income, credit score and it also varies depending on the credit card issuer.

KYC documents and income proof.

You can avoid interest charges by paying the full outstanding amount by the due date.

A loan where you pledge financial instruments like listed shares, listed mutual funds, bonds etc to get debt on it.

Most lenders accept listed mutual funds, listed shares, bonds, NSC, ETFs etc as security. However, these might differ from lender to lender.

No, they remain in your name but are pledged to the lender.

For listed shares, it's 50% of the market value and for other securities it depends on the lender's policy.

Yes, because you retain ownership, ownership benefits eg. dividends, bonus etc and at the same time get liquidity for your holdings.

No, you must close or adjust the loan first.

You may need to add more securities or repay part of the loan.

Up to 90–100% of the vehicle's cost.

Generally up to 7 years.

It depends on the lender's policy and loan-to-value ratio.

Yes, both salaried and self-employed applicants are eligible.

Yes, many lenders offer loans for pre-owned vehicles.

A loan or credit facility provided against unpaid customer invoices.

Any business with B2B operations can avail this facility.

Within 24–72 hours after invoice verification.

It is usually short-term—often 30 to 180 days.

Depending on lender's process, typical documents required are work order/purchase order, proof of delivery, accepted invoice etc.

Generally, it is unsecured.