Compare the total cost, not the EMI
Sanction depends on your credit bureau score, income stability, existing obligations and the lender's internal policy. A single missed card payment can change the rate you are offered.
The advertised interest rate is only part of the cost. Processing fee, insurance bundled with the loan, prepayment charges and the exact reducing-balance method together decide what you actually pay.
We help you gather documents and understand the sanction letter. Approval, rate and charges are entirely the lender's decision, and applying to many lenders at once can pull your bureau score down.
The paperwork side of it
- Bureau report review before applying
- Comparison on annualised cost, not headline rate
- Balance transfer and consolidation of existing loans
- Document checklist for salaried and self-employed
- Clear explanation of prepayment and foreclosure terms
Axis Bank · HDFC Bank · IDFC First Bank · other banks and NBFCs
Before you sign anything
Each lender sets its own cut-off. A higher bureau score generally improves both the chance of sanction and the rate offered.
Most lenders allow it after a minimum number of instalments, often with a foreclosure charge stated in the sanction letter.
We do not collect any fee from you for facilitation. All charges are levied by the lender and are stated in your sanction letter.
Loan products are facilitated on a referral basis. Abhilasha Wealth is not a lender and does not sanction credit. Eligibility, sanctioned amount, rate of interest, tenure and all charges are decided solely by the bank or NBFC as per its credit policy. Credit at sole discretion of the lender, subject to terms and conditions.
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Have a question about Personal Loan?
Call us during working hours or send a WhatsApp message. We will walk you through the documents, the costs and the process before anything is signed.