General questions.

Do not hesitate for any questions

1. Can I get a loan from LOANMEET?

All Indian nationals with a bank account can borrow from LoanMeet. Please see the Borrowers section for more detailed answers.

Specific Questions

Do not hesitate for any questions

1. How much can I borrow from LoanMeet?

You can get a personal loan up to Rs. 5 L, and business loan up to Rs. 10 L. For higher ticket loan, please reach out to [email protected] We have partnered with leading Banks, NBFCs, and private lenders to provide you the loan.

2. I had a loan settlement two years ago. Can I still get a loan?

Yes, you can. We consider your recent credit history, not what happened five years ago. We have given loans to a number of individuals who had settlements in the past.

3. Can I repay my loan early if I like?

Yes, you can.

4. I live outside of Bangalore. Can I get a loan from LoanMeet ?

Yes, you can.

5. Can I change the amount I want to borrow after applying?

Yes, you can.

6. Why was my listing declined?

It could be due to variety of reasons. Please do not lie on your loan application.

1. Can I lend at LoanMeet?

All Banks, NBFCs, and financial institutions can lend via LoanMeet. Also, all Indian nationals with a bank account can lend to individual borrowers.

2. How are repayments calculated?

Your payments depend on the loan amount, tenure of loan, and interest rates. Your installment per month will remain the same throughout the tenure of your loan. The first installment may be different depending on the date of disbursal.

3. Will I know my Borrowers?

Once a Borrower listing has been approved by LoanMeet, their entire profile can be viewed by all registered Lenders including their financial information. For further information, please view our privacy policy.

4. Can I lend more than once?

Yes, you can. You can lend to multiple borrowers and once you finish the tenure for the committed amount.

5. What if LoanMeet shuts down ?

Let's hope this does not happen. Even if this occurs, then the legal loan agreement between borrower and lenders still holds true. You will not lose money, as the borrower is still obliged to make EMI payments.

6. What happens in case of delayed or non-payment by Borrowers?

In case the EMI is not paid by the due date, additional penal interest as per LoanMeet will be charged to the Borrower on the amount due for time period lapsed after the due date. Borrowers will be liable to pay their Lender(s), this penal interest. In the worst case scenario LoanMeet will facilitate the collections through empaneled agencies. These are reputed collection agencies which are empaneled by banks and financial institutions. This also includes legal process for recovery of funds if required.