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Frequently Asked Questions
What is Naoloan.com, and how does it work?
Naoloan.com is a loan consultancy platform that helps individuals secure personal and home loans from leading banks and financial institutions. We analyze your requirements, compare loan offers, and connect you with the best possible lender based on your eligibility.
Does Naoloan.com provide loans directly?
No, Naoloan.com is not a lender. We act as loan consultants by guiding you through the loan application process, helping you find the best loan options, and connecting you with the right financial institutions.
What types of loans does Naoloan.com assist with?
We currently offer consultancy for:
- Personal loan
- Business Loan
- Home Loan
- Loan against property
- Balance transfer
- Working Capital
Get in touch with us: 9310699368
What are the eligibility criteria for a personal or home loan?
Loan eligibility depends on various factors such as:
- Age (usually between 21 to 60 years)
- Employment status (salaried/self-employed)
- Monthly income
- Credit score (typically above 700 for better approval chances)
- Existing financial obligations
Each lender has different requirements, and we help you find the best match.
How long does the loan approval process take?
The time taken for loan approval depends on the lender. However, with Naoloan.com, you can experience a faster and more streamlined process.
- Unsecured loans: 24-72 hours (in some cases, instant approval).
- Secured loan: 5-10 working days (varies based on documentation and verification).
What documents are required to apply for a loan?
Although requirements vary by lender, common documents include:
- For Personal Loans:
- PAN Card & Aadhaar Card
- Salary slips (last 3 months)
- Bank statements (last 6 months)
- Employment proof
- Passport-size photograph
- For Home Loans:
- Property documents
- Income Tax Returns (last 2-3 years)
- Form 16 (for salaried individuals)
- Business proof (for self-employed individuals)
We assist you in preparing and submitting the necessary documents for a hassle-free process.
Will applying for a loan through Naoloan.com affect my credit score?
No, using our consultancy services will not affect your credit score. However, if you submit multiple loan applications to different lenders simultaneously, it may impact your score. We guide you to choose the right lender before applying.
What are the interest rates for personal and home loans?
Interest rates vary depending on the lender, loan amount, tenure, and your creditworthiness.
- Unsecured Loans: Typically range from 10% to 24% per annum.
- Secured Loans: Usually start from 8.5% per annum (subject to lender terms).
We help you secure loans at competitive interest rates by comparing multiple offers.
Are there any hidden charges or fees?
No, Naoloan.com maintains complete transparency in all loan-related charges. However, banks and financial institutions may charge:
- Processing fees
- Late payment penalties
- Prepayment or foreclosure charges
We ensure you get a detailed breakdown of all costs before finalizing your loan.
How can I apply for a loan through Naoloan.com?
The process is simple:
- Fill out our loan inquiry form on Naoloan.com.
- Get a free consultation from our experts.
- Compare loan offers from various lenders.
- Submit necessary documents for verification.
- Receive loan approval and disbursement from the selected lender.
You can get started by contacting us at 9310699368 or filling out our online inquiry form.