LoanPaar

LoanPaar

Free Financial Health Score

You're probably overpaying on your EMIs — and no one's telling you.

Banks won't alert you when better rates exist. In 60 seconds, see exactly where you stand against 50+ lenders — with zero impact on your CIBIL score.

Your score ? Ready to reveal

Financial Health Score · 0–100 · Weak → Premium

60-second check No CIBIL impact 256-bit encrypted 50+ lenders

Takes 60 seconds · No documents needed · 100% free

Your borrowing readiness

Eligibility band, ideal loan amount, and risk profile — instantly.

Your rate overpayment gap

See how much extra interest you're losing versus the best available rate.

Your next move

A clear, personalised recommendation on what to do about it.

256-bit encrypted · DPDP Act 2023 compliant
LoanPaar is an independent loan comparison platform, not a lender.
Privacy Policy · Terms of Service

The process

Your 4-step path to smarter loans

One clear process. Three different starting points. No jargon — just an honest look at your loans and exactly what to do next.

No CIBIL impact at any step Zero documents before Step 4 Free until you choose to proceed

01

Share basic details

Enter your PAN & monthly income. We silently pull your CIBIL — zero impact on your score. No documents needed.

Soft enquiry only

02

Get My Financial Health Score

Your borrowing readiness score — eligibility band, ideal loan amount, risk profile, and rate overpayment gap. Instant.

Free · Instant

03

Right loan, right bank

Personal vs gold vs LAP vs balance transfer — we rank the top 3 lenders by total cost, not just rate. Exact ₹ savings shown.

Smart match

04

Submit once — we handle the rest

Upload documents once. Your advisor applies to the best lender, responds to queries, and keeps you updated. No branch visits.

48-hr disbursal

Free · No CIBIL Impact · 100% Confidential

Get My Financial Health Score

Our AI analyses your loan profile in 60 seconds. No documents. No credit score needed.

Partner network

Every lender. Every rate. Honestly.

We track rates, fees, and terms from 40 featured partners.

Free tool

Calculate your exact monthly EMI

Enter your loan details to see your EMI, total interest, and a complete year-by-year repayment schedule.

Click to auto-fill rate:

Compare two loan scenarios side-by-side

Current loan

Rate (%)

Remaining months

Prepayment penalty (%)

New offer

New rate (%)

New tenure (months)

Processing fee (₹)

Loan Amount₹10,00,000

Annual Interest Rate9.00%

Loan Tenure7 Years

Year-by-year repayment schedule

Year	Opening bal.	EMI paid	Principal	Interest	Closing bal.

₹15,594

Monthly EMI

₹10.0L

Principal

₹3.1L

Interest

₹13.1L

Total paid

LoanPaar tip

A 1% rate reduction on this loan saves you approximately ₹— in total interest. Check eligibility for free.

Verified stories

Real savings. Real people.

Stories from customers across India who found better loans through LoanPaar.

RP

★★★★★

Saved ₹2.3L

"I had a personal loan at 19.5%. LoanPaar showed me my gold jewellery worth ₹6L could get me money at 9.8%. The advisor shifted everything in 4 working days. I couldn't believe how simple it was."

Rajesh Pillai · Operations Head · Chennai · Gold swap

AK

★★★★★

Saved ₹1.1L

"Three credit cards were eating me alive. LoanPaar consolidated everything and my monthly outgo dropped by ₹4,200. I sleep better now."

Dr. Anita Khanna · Doctor · Delhi · Card consolidation

RK

★★★★★

Saved ₹63,000

"I run a small repair shop in Nagpur. ₹22K salary, two loans, ₹12K combined EMIs. LoanPaar found a consolidation at half the rate. First time in two years I have cash left at month end."

Ravi Kamble · Auto mechanic · Nagpur · Debt consolidation

AM

★★★★★

Saved ₹87,000

"As a first-time borrower I had no idea what rate was good. LoanPaar told me I was being overcharged by 6%. Same loan amount, right lender — 24% lower rate."

Arjun Menon · Teacher · Kochi · Rate correction

MS

★★★★★

Saved ₹1.65L

"I had a home loan at 9.2% taken in 2021. With rates now at 8.4%, LoanPaar calculated the break-even after penalties and confirmed switching made sense. Saved ₹1.65L over remaining tenure."

Meera Sharma · Teacher · Hyderabad · Home loan transfer

SK

★★★★★

Saved ₹3.1L

"4 EMIs totalling ₹54K on a ₹52K salary. I was using overdraft to pay EMIs. LoanPaar found a Loan Against Property at 9.2% through SBI. Single EMI of ₹24,800 now. Completely changed my life."

Suresh Kumar · School principal · Mumbai · LAP consolidation

Privacy Policy

Last updated: June 2026

LoanPaar ("we", "us") is committed to protecting your personal data under India's Digital Personal Data Protection Act 2023.

Data we collect: Name, phone number, PAN (for credit bureau access only), financial details you provide voluntarily. We do not sell your data to third parties.

How we use it: To generate your My Financial Health Score, match you with lenders, and connect you with an advisor. We share only with the lenders you choose to apply to.

Your rights: You may request deletion, download, or revocation of consent at any time by emailing us at [email protected].

Retention: Active account data retained for 3 years or until deletion request. Anonymised analytics retained indefinitely.

Security: 256-bit SSL encryption. PAN data is used only for bureau API calls and not stored in plaintext.

No payments or charges: LoanPaar never charges you for using our platform and will never ask you to transfer money, make a deposit, or share payment, card, or OTP details for any transaction. Any loan processing fees, EMIs, or interest are charged solely by your chosen lender as per that lender's own policies — we are not a lender and have no control over those amounts. If anyone asks you to pay money in LoanPaar's name, please treat it as fraudulent and report it to [email protected].

Partnerships: LoanPaar is a registered partner of Andromeda Loans. Loan applications you submit through LoanPaar may be processed in association with Andromeda Loans and its partner lenders.

Statistical Data & Claims

The statistics displayed on our website are sourced entirely from Andromeda Sales & Distributions Pvt. Ltd. (our principal DSA partner) and reflect their published, company-wide figures — not figures generated independently by LoanPaar.

Stat displayed	Source	What it refers to
1,500+ cities served across India	Andromeda (andromedaloans.com)	Number of cities where Andromeda's partner and advisor network is active
50+ partner lenders compared	Andromeda (andromedaloans.com)	Total number of banks, NBFCs, and fintech lenders on Andromeda's lending panel
35+ years of lending expertise	Andromeda founded 1991 (andromedaloans.com)	Years since Andromeda Sales & Distributions Pvt. Ltd. was incorporated

These figures are updated periodically to reflect the latest data published by Andromeda. LoanPaar does not warrant that these figures are current at all times and recommends users refer to andromedaloans.com for the most recent data.

Data Sharing with Andromeda and Lending Partners

When you submit your details through our website or application:

1. Your data is shared with Andromeda Sales & Distributions Pvt. Ltd. for the purpose of loan eligibility assessment, product matching, and application processing.

2. Andromeda may further share your data with one or more of its lending partners (banks, NBFCs, fintech lenders) strictly for loan processing and underwriting purposes.

3. You consent to this data flow by submitting your information. If you wish to withdraw consent, write to us at [email protected] and we will ensure your data is not processed further, subject to any legal or regulatory obligations.

4. All data shared is governed by Andromeda's Privacy Policy, available at andromedaloans.com/privacy-policy.

Credit Bureau Checks

By submitting your information, you authorise Andromeda and/or its lending partners to access your credit report from licensed credit bureaus (CIBIL, Experian, CRIF Highmark, Equifax) solely for loan eligibility assessment. The nature of this check (soft vs. hard enquiry) is determined by the respective lender and may vary. Please contact the specific lender or Andromeda for clarity before proceeding if this is a concern.

Financial Health Data — Storage & Consent

When you use LoanPaar to check your loan health, we generate and store your Financial Health Report — including your My Financial Health Score and the credit-bureau information used to calculate it (such as your CIBIL score, credit accounts, repayment history, and enquiry data).

Why we store it: Retaining your Financial Health Report allows us to (a) serve you better on your current loan enquiry, (b) assist you faster with future loan, refinancing, or balance-transfer needs without starting from scratch, and (c) build and offer new services aimed at improving your financial health over time — such as score-improvement guidance, personalised offers, and progress tracking.

How it is protected: Your Financial Health Report is stored securely in encrypted form. Sensitive identifiers such as PAN are never stored in plaintext, and we do not sell your Financial Health data to third parties.

Your consent: By using LoanPaar and generating your My Financial Health Score, you consent to LoanPaar storing your Financial Health data for the purposes described above. You may withdraw this consent and request deletion of your stored Financial Health Report at any time by emailing [email protected], subject to any legal or regulatory retention obligations.

Real borrower problems. Real solutions.

Most loan websites are organised by product. But you don't think in products — you think in problems. "My EMIs are too much." "I think I'm overpaying." "I can't keep up with the credit cards." This page is organised the way you actually feel.

Find your situation. Get a diagnosis. See exactly what to do.

Problem · High EMI Burden

"My EMIs are eating my salary"

"Every month, more than half your income goes out the door before you've bought groceries. You're not alone — but you don't have to stay there."

High EMI burden is the most common loan problem in India. RBI data shows the average EMI-to-income ratio for salaried Indians has climbed from 28% in 2020 to almost 40% in 2025. For many young families in Tier 1 cities, it's 50% or higher. The signs are familiar — using a credit card to buy groceries in the last week of the month, postponing bills, dipping into emergency savings.

How to know if your EMI burden is dangerous

Your total EMI as % of take-home	Status	What it means
Under 30%	Healthy	You can save and invest comfortably
30–40%	Stretched	You're fine, but no margin for surprises
40–50%	Risky	One missed bonus or medical bill becomes a crisis
Over 50%	Danger zone	Default risk is high. Act now.

Three honest options if you're stretched

Refinance individual high-rate loans. If you have a personal loan at 16%, moving it to a balance transfer at 12% can drop the EMI by ₹2,000–₹4,000 a month without changing tenure.
Consolidate multiple loans into one. Replace 3–4 EMIs with one larger but cheaper EMI through LAP, gold loan, or a personal loan. Done right, this cuts monthly outflow by 30–50%.
Extend tenure on existing loans. Last resort. You'll pay more total interest, but the EMI relief can save you from default. Use this only if it buys time to fix the underlying problem.

See your exact EMI burden — and what you can do

60 seconds · Free · No CIBIL impact

Problem · Overpaying on Interest

"I think I'm paying more than I should"

"You probably are. India's average borrower overpays by ₹1.2 lakh over a typical loan."

Overpayment doesn't always show up loudly. You took the loan years ago. The EMI gets debited automatically. Life moves on. Meanwhile, market rates have dropped, your CIBIL has improved, and somewhere a cheaper version of the same loan is available — but nobody tells you.

There are three common ways Indian borrowers overpay without realising it.

1. You're in the wrong loan type

You took a personal loan at 16% because it was fast. You also own gold worth ₹5 lakh sitting in a locker. A gold loan would have been at 10%. Across a 4-year personal loan of ₹5 lakh, that gap is ₹1.6 lakh you're paying for convenience.

2. You're with the wrong lender for your profile

The bank that gave you a 14% personal loan two years ago wasn't necessarily the cheapest. They were the fastest to say yes. With the same CIBIL today, you may qualify for 11.5% at a public sector bank or 12% at a different private bank. Switching saves ₹2,000–₹5,000 a month on a typical ₹5 lakh loan.

3. Your rate is from an old benchmark

If you took a home loan before October 2019, you're probably still on the old MCLR benchmark — which has been slow to pass on RBI rate cuts. Moving to the new RLLR (Repo Linked Lending Rate) at the same bank usually saves 0.4–0.7%. On a ₹40 lakh home loan with 15 years remaining, that's ₹3 lakh+ in savings — for one phone call.

How LoanPaar finds itWe pull your active loans (with your consent) and compare each one against the cheapest rate you currently qualify for — across all loan types, all 50 lenders. If we find an overpayment, we show you the exact amount and the switch route. If we don't, we tell you that too. Free.

Problem · Debt Trap

"I'm using one loan to pay another"

"This is the warning light. If you're here, please read carefully — there is a way out."

A debt trap looks like this: you withdraw cash from your credit card to pay another credit card's bill. You take a personal loan to clear smaller loans, then a few months later you're behind on the personal loan. You're paying interest on top of interest — and the underlying debt isn't shrinking. It's growing.

If any of these feel familiar, you're in early-stage debt trap:

You've used credit card cash withdrawal in the last 6 months (this is the most expensive money you can borrow — 3% per month + interest)
You have 3 or more active loans or credit cards with outstanding balances
Your minimum credit card payment alone is more than ₹5,000/month
You've been paying just the minimum on a credit card for 3+ consecutive months
You've had a missed or late payment in the last 12 months

The way out — in order

Stop the bleeding first. Don't take new credit. Cut credit cards if you have to. The hole has to stop getting deeper before you can climb out.
List every debt with rate, balance, and EMI. You can't fix what you can't see. This step is uncomfortable but essential.
Consolidate using the cheapest collateral you have. Gold → gold loan at 9.5%. Property → LAP at 9.2%. No collateral → consolidation personal loan at 12–14%. Anything beats 36% credit card interest.
Set up auto-debit for the new EMI. One date, one amount, one bank.
Don't reuse the cleared credit cards. Lower the limit or cancel them. This is non-negotiable.

When consolidation alone isn't enoughIf your total monthly EMIs are over 60% of your take-home, consolidation can buy you breathing room but won't solve the problem alone. You may also need to extend tenures, increase income, or talk to a credit counsellor. We can introduce you to one — free.

Problem · Better Rate Available

"I want a better rate on my existing loan"

"You're not stuck. The bank doesn't tell you, but switching is your right."

If you took a loan a year or two ago, three things have probably changed: market rates have moved, your CIBIL has improved (because you've been paying EMIs on time), and your income has grown. All three of these mean you now qualify for cheaper money than your current bank is charging.

Option 1 — Renegotiate with your current bank

For floating-rate home loans, banks are required to let you switch to a lower rate if you ask. It often costs a one-time "switching fee" of ₹5,000–₹10,000 to move from MCLR to RLLR, or to drop the spread. This is the path of least resistance — same bank, same EMI account, lower rate.

Call your branch and say: "I want to know my current spread and the bank's current applicable RLLR. I'd like to switch to your lowest available rate for my profile." If they refuse or stall, Option 2 becomes attractive.

Option 2 — Balance transfer to a new bank

Move your loan to a different bank offering a lower rate. The new bank pays off your old loan, you start paying EMIs to them. The catch — there are switching costs. The savings need to exceed the costs by a comfortable margin.

When to push for a rate cut

RBI has cut repo rate in the last 6 months and your EMI hasn't dropped
Your CIBIL has gone up by 40+ points since you took the loan
You've completed at least 12 EMIs on time
You see public sector or competing private bank offers at least 0.4% lower than your rate

Problem · First-Time Borrower

"I've never taken a loan before — and I don't want to mess this up"

"First-time borrowers are the most overcharged group in India. They don't know what a fair rate looks like. Here's how to walk in informed."

If this is your first loan, the lender knows it. There's no past CIBIL history, no benchmark in your head for what a "good" rate is, no relationship at any other bank. This is exactly the situation where banks offer you a 16% rate and tell you it's a great deal — because they assume you have nothing to compare with.

Four things to do before you sign anything

Know your CIBIL — and what it means. Get your free CIBIL score from cibil.com or via LoanPaar's soft pull. Above 750 means you qualify for the best rates. Below 700, expect to pay more — or take a smaller loan first to build history.
Compare at least 3 lenders. Public sector banks (SBI, BOB) usually have the lowest rates. Private banks (HDFC, ICICI) are faster but pricier. NBFCs (Bajaj, Tata Capital) approve more easily but charge the most. Don't take the first offer.
Read the sanction letter line by line. Especially the processing fee, foreclosure penalty, and any "insurance" or "membership" charges. These can add 2–3% to the cost without you noticing.
Don't agree to a longer tenure to lower the EMI. Pick the shortest tenure where the EMI is still comfortable.

What rates a first-time borrower should expect

CIBIL band	Personal loan	Home loan
750+	10.49% – 13%	8.4% – 9.0%
700–749	13% – 16%	9.0% – 9.7%
650–699	16% – 20%	9.7% – 11%
Under 650	20%+ or rejection	Likely rejection

If the rate you're being offered is more than 1.5% above the band you should be in, you're being overcharged. Either negotiate or shop elsewhere.

Get a free check before you take your first loan

We'll tell you what rate you should be paying, across 50+ lenders

Know every loan before you take one.

Before you pick a lender, pick the right loan. This page walks you through every kind of loan available in India — what it actually is, when it makes sense for you, when it's the wrong choice, the rate band you should expect, and the traps banks won't tell you about.

What you'll find on each loan sectionWhat it is in one line. When it makes sense for you. When it doesn't. Current rates from real lenders. The two or three things banks won't tell you. And a free check to see what you'd actually qualify for — without a CIBIL hit.

Loan Type · Personal Loan

Personal Loan — fast money, expensive money

"Get it in 2 hours. Pay for it for 5 years. India's most over-sold loan."

A personal loan is unsecured — you don't pledge anything. That's why it's the fastest loan to get in India (often disbursed the same day) but also the most expensive. Banks charge anywhere from 10.49% to 24% depending on your CIBIL, your employer, and how desperate they think you are.

If you've ever wondered why two friends with the same salary get completely different rates from the same bank — that's why. The rate isn't fixed by the loan amount. It's fixed by your profile.

When a personal loan makes sense

You don't own gold, property, or shares you can borrow against
You need the money in 24–72 hours — a medical emergency, a deposit deadline, a sudden expense
You're borrowing a small amount (under ₹3L) where the convenience outweighs the rate gap

When a personal loan is the wrong choice

You have idle gold at home — a gold loan at 9.5% will save you ₹40,000–₹2L over 3 years
You own a flat — a loan against property at 9.2% can cut your rate almost in half
You're using it for a known purpose (car, education, home) — those have dedicated cheaper loans
You're using it to repay another loan — that's a debt trap forming, not a solution

Typical rates today

Lender type	Rate band	Amount
Public sector banks (SBI, Bank of Baroda)	10.49% – 14.5%	Up to ₹20L
Private banks (HDFC, ICICI, Axis)	10.85% – 16%	Up to ₹40L
NBFCs (Bajaj, Tata Capital)	12% – 20%	Up to ₹35L
Digital lenders (KreditBee, MoneyTap)	16% – 24%	Up to ₹10L

The trap to avoid"Pre-approved" personal loan offers from your bank often come with a 16–18% rate locked in for 5 years. Banks send them because they make money on you for half a decade. Always check what you'd qualify for elsewhere before saying yes.

See your real rate across 50+ lenders

60 seconds · No CIBIL impact · Free

Loan Type · Home Loan

Home Loan — the only loan worth taking for 20 years

"The lowest rate in India. The longest tenure in India. Get this one right."

A home loan is the cheapest loan a salaried Indian can get — currently 8.4% to 9.5% from major lenders. The catch: tenures of 15–30 years mean you'll pay almost as much in interest as the home itself costs. On a ₹50L loan at 9% for 20 years, you'll pay ₹58L just in interest.

This is why even a 0.25% rate difference matters. On the same loan, a 0.25% lower rate saves you ₹2.5 lakh over the tenure. Most homeowners never refinance even when better rates appear — and they leave lakhs on the table.

Two things to get right at the start

Pick a floating rate linked to repo rate (RLLR), not MCLR. When RBI cuts rates, your EMI drops within months. MCLR loans take far longer to pass on the benefit.
Pick a tenure shorter than your retirement age. If you're 35 and pick a 30-year loan, you'll be paying EMIs at 65. Banks happily approve this. They shouldn't.

When to refinance (move your home loan)

Your existing rate is 0.5%+ higher than current market rates
You took the loan 2+ years ago (early years have the most interest, so switching helps most)
Your CIBIL has improved by 50+ points since you took the loan
You haven't yet repaid more than 60% of the original tenure

8.4% – 9.5%

Typical rate range, May 2026

₹50L–₹5Cr

Common loan size

15–30 yr

Tenure

≤ 80%

Of property value typically funded

Tax benefit reminderUp to ₹1.5L in principal (Section 80C) and ₹2L in interest (Section 24) are tax-deductible per year. For a joint loan with your spouse, both can claim this independently — effectively doubling the benefit.

Loan Type · Gold Loan

Gold Loan — the cheapest loan most Indians ignore

"Your jewellery is sitting in a locker. Make it work for you."

India holds 27,000 tonnes of gold — the most in the world. Less than 6% of it is pledged for loans. Most of it just sits idle while families take 18% personal loans for emergencies. A gold loan gives you money at 9.5% to 13% against jewellery you already own. Same-day disbursal. No CIBIL needed. No income proof needed.

The gold doesn't get sold. It sits in a sealed locker at the lender. You take it back the day you repay. This is why grandmothers in India have always trusted gold loans — and why they're often the smartest borrowing option you have.

Why a gold loan beats a personal loan

Compare	Personal Loan	Gold Loan
Typical rate	14–18%	9.5–13%
CIBIL score required	700+	Not needed
Income proof required	Yes	No
Disbursal time	1–3 days	30 minutes
Processing fee	1–3% of loan	0.5–1% of loan

What to check before pledging

Loan-to-value ratio. RBI allows up to 75% of gold's value. If a lender offers 80–85%, walk away — they'll likely auction your gold at the first missed EMI.
Storage and insurance. Pledged gold should be insured by the lender. Ask for written confirmation.
Bullet repayment vs EMI. Bullet repayment means you pay interest monthly and the full principal at the end. Useful for short-term needs (3–6 months). Avoid if you're not 100% sure you can repay in one shot.

The auction clause everyone missesIf you default, the lender can auction your gold after a notice period (usually 60–90 days). Read the auction clause carefully. Some lenders auction at the first missed payment after notice. Most allow a longer grace period.

Loan Type · Loan Against Property (LAP)

Loan Against Property — big money, low rates, slow process

"For when you need ₹10L+ and you own a flat or shop you don't want to sell."

LAP lets you borrow against the value of property you already own — your house, your shop, your office, even a plot. Rates are 9.2% to 11%, much lower than personal loans. You can borrow up to 70% of the property's market value for tenures up to 15 years.

The flat itself stays in your name. You live in it, run your business from it, rent it out — anything you were doing before. The lender just has a charge against it, meaning if you stop paying, they can sell it to recover their money. As long as you pay your EMIs, nothing changes.

When LAP is the right call

You need ₹10 lakh or more — for business expansion, child's education abroad, a wedding, a medical procedure
You have a residential or commercial property in your name, free of any other loan (or with low remaining balance)
You can wait 3–6 weeks for the loan to come through (valuation and legal checks take time)
You want a long tenure (10–15 years) to keep EMIs comfortable

Where LAP often beats every other loan

For debt consolidation. If you have 4 EMIs adding up to ₹50,000 a month — across personal loans, credit cards, and a car loan — a single LAP at 9.5% can collapse all of them into one EMI of ₹25,000. The interest rate drops by half. The mental load drops to one bank, one date, one number.

What you're riskingLAP is a secured loan — if you default, the lender can auction your property. Take it only when you're confident the EMI fits into your monthly cash flow with room to spare. Never use LAP money for something speculative (stocks, crypto, a friend's business).

Loan Type · Business Loan

Business Loan — for the shopkeeper, trader, and self-employed

"Banks make it sound complicated. The right loan is usually simpler than you think."

"Business loan" is a category, not a product. Within it sit very different options — MUDRA loans (up to ₹10L, government-backed), working capital loans (for stock and short-term cash flow), term loans (for machinery, expansion), CGTMSE-backed collateral-free loans (up to ₹2 Cr), and overdraft facilities.

The right one depends on what you're using the money for, how long you need it, and whether you have collateral to pledge. A shopkeeper restocking inventory needs a working capital loan. A factory owner buying a new machine needs a term loan. A first-time entrepreneur needs MUDRA. Picking the wrong category costs you in interest, in tenure, or in flexibility.

Quick map: what fits your situation

If you need…	Right loan	Rate band
Up to ₹10L for a small business, no collateral	MUDRA	9.5–12%
Up to ₹2 Cr without collateral, for an MSME	CGTMSE-backed	10–14%
Cash to manage daily working capital	Cash credit / OD	11–14%
To buy machinery or expand	Term loan	10–15%
Quick money against future receivables	Invoice discounting	12–18%

The government subsidy nobody tells you aboutSeveral business loans are linked to government schemes that cover part of your interest or guarantee your loan. CGTMSE removes the need for collateral on loans up to ₹2 Cr. PMEGP gives a 15–35% subsidy on new business loans. CLCSS gives capital subsidy for technology upgrades. Your bank rarely mentions these because their commission is the same either way.

Loan Type · Balance Transfer

Balance Transfer — switch your loan to a cheaper bank

"You're not stuck with your current bank. You can leave. Most people just don't know how."

A balance transfer is when a new bank pays off your current loan and you start paying EMIs to them instead — at a lower rate. The most common use is home loans (where even 0.5% rate drop saves lakhs) but it works for personal loans, car loans, and credit card debt too.

Here's what makes it tricky: switching isn't free. There's a processing fee at the new bank (0.5–1% of the loan), often a prepayment penalty at the old bank (2–4% for fixed-rate loans), and stamp duty in some states. The real question isn't "is the new rate lower?" — it's "do the savings cover all the switching costs and still leave you ahead?"

Balance transfer makes sense when

The rate difference is at least 0.5% for home loans, 1.5% for personal loans, or 3%+ for credit card debt
You have at least 2–3 years of tenure left on the current loan (otherwise switching costs eat the savings)
Your CIBIL is the same or better than when you took the original loan
You can show 12+ months of timely repayment on the current loan (lenders ask for this)

The honest math

On a ₹40L home loan with 12 years remaining, switching from 9.1% to 8.4% saves you about ₹3.2 lakh in total interest. Switching costs (processing + stamp duty + admin) come to about ₹35,000. Net gain: ₹2.85 lakh. The decision is obvious.

On a ₹3L personal loan with 18 months remaining, switching from 16% to 13% saves you about ₹7,200 in total interest. Switching costs come to ₹4,500. Net gain: ₹2,700. Less obvious — and many borrowers wouldn't bother for that amount.

What LoanPaar does that a bank won'tBanks pitch balance transfer to bring you in — they rarely tell you when it doesn't make sense. Our calculator includes all costs (penalty + processing + stamp + admin) and gives you a single number: ₹X saved or ₹X lost. No spin.

Loan Type · Debt Consolidation

Debt Consolidation — many EMIs into one lower EMI

"Stop juggling four banks, four dates, four payment reminders."

Debt consolidation is taking one new loan — usually larger, usually cheaper — and using it to pay off all your existing high-interest debts. Three credit cards charging 36% per year, two personal loans at 16%, a car loan at 13% — gone. In their place: one loan at 9–11%, one EMI, one date.

It's not magic — it's math. Credit card debt at 36% compounding is the single most expensive loan most Indians have without realising it. Even a personal loan at 15% to clear it is a massive saving. A LAP at 9.5% is transformative.

Who debt consolidation is for

You have 3 or more active loans/cards and you're losing track of which bills are due when
Your total EMIs are 50%+ of your take-home salary — you have no breathing room
You've missed a payment in the last 6 months, or you've used credit card cash withdrawal to pay another EMI
You own property, gold, or have a strong income that can support a single larger loan

What to consolidate with — ranked by cost

Consolidation route	Typical rate	When to use
Loan Against Property	9.2–10.5%	Own property, owe ₹10L+
Gold Loan	9.5–12%	Have gold, owe under ₹15L
Personal Loan (consolidation)	11–14%	No collateral, owe ₹2–10L
Balance Transfer to one card	14–18%	Only credit card debt, owe under ₹5L

The trap to avoid after consolidatingThe most common mistake: clearing your credit cards through consolidation, then using them again. Now you have the consolidation loan AND new credit card balances. If you can't trust yourself to keep the cards locked away, ask the bank to lower the limit or cancel them entirely.

See if consolidation actually helps you

We'll calculate the exact ₹ savings across all routes

Honest answers. No banker jargon.

Most loan articles in India are written by banks, for banks. Long words. Vague advice. A subtle nudge to apply at the end. We write the opposite — plain explanations, real examples, the trade-offs everyone hides, and zero pressure to do anything.

Read in any order. Each guide stands on its own.

Guide · FOIR

What is FOIR? The number that decides if you get a loan

"It's not just your CIBIL score. FOIR is the second test — and it kills more applications than CIBIL."

FOIR stands for Fixed Obligation to Income Ratio. It's how much of your monthly take-home salary already goes to fixed payments — existing EMIs, credit card minimums, rent, child's school fees. Banks add this up and check what percentage of your income is already committed.

If you earn ₹60,000 and you already pay ₹25,000 in EMIs, your FOIR is 41%. Most banks won't lend if your FOIR after the new loan goes above 50–60%. So if a new loan would add ₹10,000 in EMI, your FOIR becomes 58% — borderline. Add ₹15,000 EMI and you're at 67% — automatic rejection from most banks, even if your CIBIL is 800.

The simple formula

≤ 40%

Comfortable — almost any loan approved

40–55%

OK — most loans approved with conditions

55–65%

Risky — limited approval, higher rate

> 65%

Rejected by most banks

Why this matters more than people think

CIBIL tells the bank whether you've paid past loans on time. FOIR tells them whether you can afford the new one. You can have a CIBIL of 820 and still be rejected because your existing EMIs are too high. Banks call this "stretching" — and they avoid stretched borrowers because the first missed payment usually comes from this group.

How to fix a high FOIR before applying

Close a smaller loan first — even prepaying a ₹50K loan with a year left drops your FOIR meaningfully
Pay down credit card balances below 30% of the limit (banks count the minimum due as a fixed obligation)
Apply with a co-applicant — your spouse's income counts toward the FOIR calculation
Request a longer tenure on the new loan — same loan amount, smaller EMI, lower FOIR

Guide · CIBIL

How CIBIL works — what goes in, what doesn't

"Your CIBIL score is not your bank balance. It's not your salary. It's not your education. It is one thing only — how reliably you've paid back what you borrowed."

CIBIL is a three-digit number between 300 and 900. Above 750 is considered good. Above 800 is excellent. Below 650, most banks won't lend at competitive rates. The score is calculated by TransUnion CIBIL using data your existing lenders submit every month.

What goes into the score

Factor	Weight	What it means
Payment history	35%	Have you paid past EMIs and card bills on time?
Credit utilisation	30%	How much of your card limit are you using?
Credit age	15%	How long have you had credit accounts?
Credit mix	10%	Do you have a healthy mix of secured and unsecured loans?
New enquiries	10%	Have you applied for many loans recently?

What doesn't go in (despite what people think)

Your salary or income — CIBIL doesn't know what you earn
Your savings balance or fixed deposits
Your education or job title
Whether you own a house (unless it has a home loan attached)
Soft enquiries (like checking your own score) — these don't hurt

Five things that actually move your score

Pay your full credit card bill, not the minimum. Paying the minimum keeps your account in good standing but utilisation stays sky-high, dragging the score down.
Keep credit utilisation under 30%. If your card limit is ₹2L, try not to use more than ₹60K at any point.
Don't apply for 4 loans in 2 weeks. Each hard enquiry takes 3–5 points off temporarily. Many enquiries together signal desperation.
Don't close your oldest credit card. It carries your longest payment history. Closing it shortens your credit age and drops the score.
Check your report twice a year. Errors are common — wrong addresses, settled loans showing as active, duplicates. Disputing them is free.

The myth about checking your own scoreMany Indians believe checking their CIBIL hurts it. This is wrong. Soft enquiries (when you check your own score, or LoanPaar checks for eligibility matching) do not affect your score at all. Only hard enquiries — when you formally apply for a loan or card — cause a temporary 3–5 point dip.

Guide · EMI vs Total Interest

EMI is what you pay monthly. Total interest is what you actually lose.

"Two loans with the same EMI can cost ₹4 lakh apart. Stop comparing EMIs."

Indian borrowers are trained to ask one question: "kitna EMI?" — what's the monthly EMI? Banks know this. So they extend the tenure. Suddenly your ₹15,000 EMI becomes ₹11,000. Looks like a better deal. It isn't. You're just paying for longer, and the bank earns far more interest over the years.

The numbers everyone misses

A ₹10 lakh loan at 12% looks different at different tenures:

Tenure	Monthly EMI	Total interest	Total paid
3 years	₹33,214	₹1.96L	₹11.96L
5 years	₹22,244	₹3.34L	₹13.34L
7 years	₹17,653	₹4.83L	₹14.83L

Same loan amount. Same rate. The 7-year option costs you ₹2.87 lakh more than the 3-year option — purely because the bank earns interest on your money for longer. The EMI difference of ₹15,000/month looks attractive. The total cost difference of ₹2.87 lakh is what banks don't put on the brochure.

The right question to ask

When comparing two loan offers, don't ask "which EMI is lower?" Ask:

What is the total interest I'll pay over the full tenure?
What is the total amount paid? (Loan amount + interest + fees + insurance)
Are there prepayment charges? If you can repay early, can you do it without penalty?

Rule of thumbPick the shortest tenure where the EMI still leaves you comfortable (under 35–40% of take-home income). Every extra year you add costs you more than the EMI relief is worth.

Guide · Balance Transfer

When balance transfer is worth it — and when it isn't

"Lower rate doesn't always mean lower cost. Here's how to know for sure."

Banks advertise balance transfer aggressively because it's a clean way to grab a customer from a competitor. The pitch is always the same: "Our rate is lower — switch and save lakhs." Sometimes it's true. Often, by the time you add up the prepayment penalty, processing fee, stamp duty, and other charges, the savings disappear.

The five costs of switching

Prepayment penalty at the old bank — 2–4% of outstanding loan for fixed-rate, 0% for floating-rate home loans (RBI mandate)
Processing fee at the new bank — 0.5% to 1% of the new loan
Stamp duty on the new loan agreement — 0.1% to 0.5% in most states
Legal and valuation fees for secured loans — ₹3,000 to ₹15,000
Administrative charges from both banks — closure letter, no-objection certificate, etc.

The break-even calculation

Here's how to do it in 30 seconds:

Calculate total interest you'd pay on the existing loan from today till the end
Calculate total interest you'd pay on the new loan at the new rate, for the same remaining tenure
Subtract — that's your gross saving
Add up all switching costs
If gross saving is at least 1.5x the switching costs, it's worth the trouble

What we do automaticallyLoanPaar's Balance Transfer Analyser does all five cost calculations and the break-even math in 30 seconds. We tell you "₹X savings after all costs" or "Stay where you are — switching loses you ₹Y." No spin.

Guide · Debt Consolidation

Debt consolidation, step by step

"If you owe money to 3 or more lenders, this is probably the most important article you'll read this year."

Debt consolidation works like this: you take one new loan large enough to cover all your existing debts, then pay each existing lender off in one shot. From the next month, you have only one EMI to one bank instead of four EMIs to four banks. Done right, this cuts your interest cost in half and frees up 30–50% of your monthly outflow.

Step 1 — List everything you owe

Open a notebook or spreadsheet. List every active loan and credit card. For each one, write down: outstanding amount, interest rate, EMI, remaining tenure, and any prepayment penalty. Total the EMIs. This is the monthly burden you're trying to reduce.

Step 2 — Pick your consolidation route

Based on your assets and the total you owe:

Own property + owe ₹10L+ → Loan Against Property at 9.2–10.5%
Have gold + owe under ₹15L → Gold Loan at 9.5–12%
No collateral + owe ₹2L–₹10L → Personal loan for consolidation at 11–14%
Only credit card debt under ₹5L → Balance transfer to a single card at 14–18%

Step 3 — Apply for the new loan

Tell the lender it's for "debt consolidation" or "loan closure" — most lenders treat this as a positive sign because they know exactly where their money is going. Some even offer slightly better rates for consolidation purposes.

Step 4 — Use the funds correctly

When the new loan is disbursed, immediately pay off every existing loan and card. Get closure letters and "no dues" certificates from each one. Keep these forever — they're proof the loan was closed properly, and they protect you if errors appear on your CIBIL report later.

Step 5 — Don't undo the work

This is the step everyone fails. The credit cards are now empty. Don't refill them. If you can't trust yourself, ask the bank to lower the limit or close the card. Treat the consolidation as a one-time reset — not a recurring solution.

Warning sign that consolidation alone won't fix thingsIf your total debt is more than 50% of your annual income, or if you're spending more than you earn each month, consolidation will only delay the problem. You also need to cut expenses or increase income. Consolidation buys time — it doesn't create money.

Guide · Loan Glossary

Loan terms, explained simply

"Every term you'll encounter on a sanction letter — in one place, in plain English."

EMI: Equated Monthly Instalment. The fixed amount you pay every month to repay a loan. Part interest, part principal.
Principal: The actual loan amount you borrowed. Doesn't include interest.
Interest: The cost of borrowing the money. Quoted as an annual percentage.
Tenure: How long you have to repay the loan. Usually in months or years.
Processing fee: One-time fee the lender charges to process your loan. 0.5%–3% of loan amount, depending on loan type.
Prepayment penalty: Fee charged if you close your loan early. RBI has banned this on floating-rate home loans — but it still applies elsewhere.
Foreclosure: Closing the loan entirely by paying the full outstanding amount before tenure ends. May or may not attract a penalty.
FOIR: Fixed Obligation to Income Ratio. The percentage of your monthly take-home income already committed to EMIs and fixed bills. Lenders cap it around 50–60%.
CIBIL score: A 300–900 number showing how reliably you've repaid past loans. 750+ is considered good.
Soft enquiry: A credit check done for eligibility matching (like LoanPaar does). No impact on your CIBIL.
Hard enquiry: A credit check done when you formally apply for a loan. Temporarily reduces your CIBIL by 3–5 points.
Repo rate: The rate at which RBI lends to banks. When it goes up, your floating-rate EMIs usually go up too. When it goes down, your EMIs eventually drop.
RLLR: Repo Linked Lending Rate. A floating rate directly tied to RBI's repo rate. Faster transmission of rate changes than the older MCLR system.
MCLR: Marginal Cost of Funds-based Lending Rate. Older floating-rate benchmark, slower to reflect RBI rate changes.
Floating rate: Interest rate that changes over the loan tenure based on a benchmark (repo or MCLR).
Fixed rate: Interest rate locked at the start, stays the same for the entire tenure. Usually 0.5–1.5% higher than floating.
Co-applicant: Another person (usually spouse or parent) whose income is added to yours when assessing the loan. Both are equally responsible for repayment.
Guarantor: Someone who promises to repay the loan if you can't. Their CIBIL is on the line if you default.
LTV: Loan-to-Value. The percentage of an asset's value a lender is willing to fund. 80% on home loans, 75% on gold loans, 70% on LAP.
Sanction letter: The document that confirms your loan is approved. Read every line before signing.
Disbursal: The actual transfer of the loan amount to your account or to a vendor (like a builder or car dealer).
NOC: No Objection Certificate. A letter from your lender confirming a loan is fully closed. Always collect this after closing any loan.
Top-up loan: An additional loan on top of your existing home loan or LAP, at the same secured rate. Cheaper than a personal loan if you already have a home loan running.
Hypothecation: When an asset (like a car) is pledged as security for a loan, but you keep using it. Bank's name appears on the RC till the loan is closed.

Confused by a term in your sanction letter?

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LoanPaar · Research

Volume 01 · 2025–2026 · Sources Verified

The Indian Borrower Report

The data India's lenders would rather you didn't read.

Findings drawn entirely from RBI Financial Stability Reports (June & December 2025), the RBI Payment Systems Report (Oct 2025), and TransUnion CIBIL data, as reported by Business Standard, The Economic Times, BusinessToday and Reuters between January 2025 and May 2026.

A note on these numbers

Every figure on this page links to its primary source. We deliberately avoided forecaster commentary, broker notes, and influencer claims. Where a number originated with the Reserve Bank of India or TransUnion CIBIL but was first reported by a newspaper, we cite the newspaper because that is the publicly accessible record.

01

Home Loans

The rate cycle turned. Not every borrower felt it.

Policy Reset

125bps

Repo rate cut across 2025

Between February and December 2025, the RBI delivered four consecutive repo rate cuts — taking the policy rate from 6.50% down to 5.25%. This is the steepest annual easing since 2019. For a ₹50 lakh home loan over 20 years, borrowers on repo-linked loans saw EMIs fall by roughly ₹3,800–₹5,800 per month — but only if their loan was on the EBLR benchmark, not the older MCLR.

Source · BusinessToday, "RBI repo rate cut of 125 bps since Feb 2025: How much home loan EMI you are saving now" (3 April 2026). businesstoday.in

Hidden Inequality

7.60–17.25%

Real home loan rate spread, single quarter

In the same quarter, the minimum contractual home loan rate was 7.60%; the maximum a borrower was charged was 17.25% — a 965 basis-point gap inside a single product category. Mean disbursed rate: 10.32%. The headline "repo rate is 5.25%" hides how dramatically credit profile, channel and lender alter your real cost of borrowing.

Source · Aditya Birla Capital, "Home Loan Interest Rate Trends in India: What 2026 Holds for Borrowers" (March 2026), citing industry disbursement data. adityabirlacapital.com

Quiet Risk

0.8%

Early delinquency, small-ticket housing loans

TransUnion CIBIL's data shows early delinquencies (90+ days past due, within 12 months of origination) rose to 0.8% for small-ticket housing loans by Q2 FY26 — a 19 bps jump year-on-year, and 60% higher than the overall housing-loan delinquency rate of 0.5%. The affordable housing segment, often celebrated as the growth engine, is also where stress is quietly accumulating.

Source · Business Standard, "Early signs of stress in micro LAP, housing loans, CV portfolio: CIBIL" (15 December 2025). business-standard.com

Market Shift

21%

Of home-loan disbursals were over ₹1 crore in FY25

In top Indian cities during FY25, home loan volume rose 10% and value rose 15% — but the more telling number is that more than one in five home loans disbursed was above ₹1 crore. The "home loan customer" is increasingly bifurcated: a premium urban segment driving value growth, and a small-ticket affordable segment driving volume — and stress.

Source · Business Standard, "Home loan volume and value see double-digit growth in FY25: Report" (3 June 2025), citing Urban Money / Square Yards data. business-standard.com

02

Personal Loans

Where India's debt stress is actually concentrated.

Over two-thirds of borrowers who took personal loans in the last quarter had more than three active loans at the time of origination, indicating growing debt stress among small-ticket borrowers.

— RBI Financial Stability Report, June 2025

Concentration Risk

84.3%

Of personal loans below ₹50,000 are non-bank

The RBI's June 2025 Financial Stability Report disclosed that NBFCs, housing finance companies and fintechs together account for 84.3% of all personal loans under ₹50,000 — the segment most associated with stacking, app-based borrowing and over-leverage. Banks have largely stepped back from this product; the regulatory perimeter is now where the borrower is most exposed.

Source · Business Standard, "NBFC's micro loan stress increases in FY25, says RBI report" (4 July 2025), citing RBI FSR June 2025. business-standard.com

Already in Default

~10%

Of small-ticket personal loan borrowers were already overdue

Per the same RBI FSR: approximately 10% of borrowers taking personal loans under ₹50,000 already had an overdue loan at the time of taking the new one. In other words, one in ten new small-ticket personal loans is funding someone who is already behind on an existing loan. This is the textbook signature of a debt spiral, captured by the regulator itself.

Source · Business Standard, "NBFC's micro loan stress increases in FY25, says RBI report" (4 July 2025). business-standard.com

Hidden Channel

53.1%

Of retail loan slippages originate from unsecured loans

Unsecured loans — primarily personal loans and credit cards — now account for more than half of all retail loan slippages into NPA buckets at scheduled commercial banks. The RBI's December 2025 FSR flagged this as the single largest source of bank-level retail credit risk, even though unsecured loans are a smaller share of total retail credit.

Source · RBI Financial Stability Report, December 2025, as summarised by StudyIQ analytical brief, January 2026. studyiq.com · Primary report: rbi.org.in / Publications / FSR Dec 2025.

Generational Shift

36.1%

Fintech credit growth, mostly to under-35 borrowers

The December 2025 FSR reported that fintech credit grew at 36.1% — most of it personal loans extended to borrowers under the age of 35. The RBI specifically flagged impairment in small-ticket loans as an area of vigilance. For the first time, India has a generation whose first formal credit relationship is with a fintech, not a bank — and the regulator is watching.

Source · The Policy Edge, "RBI Report on Indian Financial System 2025" (8 January 2026), summarising RBI FSR December 2025. policyedge.in

03

Credit Card Debt

The fastest-growing — and most expensive — debt in India.

Each figure below reflects the latest available official data for that specific metric; reference dates differ by source.

Scale

11.12cr

Credit cards outstanding as of June 2025

The RBI Payment Systems Report (October 2025) recorded 11.12 crore (111.2 million) credit cards outstanding in India as of June 2025. Between 2019 and 2024, credit card transactions doubled in volume and almost tripled in value — from ₹7.1 lakh crore to ₹20.4 lakh crore. Over the same period, debit card use declined on both metrics. India is becoming a credit-first economy faster than the data lets on.

Source · Business Standard, "Credit card transactions surge, but debit card transactions decline: RBI" (23 October 2025), citing RBI Payment Systems Report 2025. business-standard.com

Debt Stack

₹2.7lakh cr

Outstanding credit card debt, June 2024

Outstanding credit card debt rose from ₹87,686 crore in March 2019 to roughly ₹2.7 lakh crore by June 2024 — a more than three-fold rise in five years (a 24% CAGR). Even adjusted for inflation, the real growth is around 17% per year. Average balance per card crossed ₹32,000 in mid-2024, up from ₹28,919 a year earlier.

Source · Business Standard, "Millennials fuel surge in credit card defaults as e-commerce drives debt" (September 2024 / updated 2025), citing TransUnion CIBIL. business-standard.com

Default Curve

1.6→1.8%

Credit card default rate, March 2023 → June 2024

The headline percentage rise is modest — but on a base of ₹2.7 lakh crore in outstandings, a 20 bps shift represents thousands of additional crores written off. Macquarie's banking analyst Suresh Ganapathy noted that net credit losses in cards reached 5–6% at the industry level, with SBI Cards reporting 7.5% in a recent quarter — well above what the gross NPA figure suggests.

Source · Business Standard, citing Macquarie Research and TransUnion CIBIL data (24 September 2024, ongoing coverage 2025). business-standard.com

New Rules

May2025

RBI's revised credit-card minimum-due rules

From 2025, the RBI required issuers to compute the minimum amount due so it includes interest, fees, taxes and a defined portion of principal — not just a token amount. Earlier, banks used varied formulas that kept users in long revolving cycles. The new rules also mandate real-time fee transparency and faster dispute timelines. If you've used a card before 2025, your repayment plan probably needs rechecking.

Source · RBI guidelines on credit cards, as detailed in industry summaries (Airtel Payments Bank blog, "RBI Credit Card Guidelines 2025", updated January 2026). airtel.in · Primary text: rbi.org.in.

04

The Bigger Picture

Why this matters at a household level.

Macro Shift

41.3%

Household debt as a share of GDP, March 2025

India's household debt reached 41.3% of GDP by end-March 2025 — above its five-year average. The RBI noted this is still lower than most peer emerging markets, but the trajectory matters: average debt per individual rose from ₹3.9 lakh in 2023 to ₹4.8 lakh in March 2025 — a 23% rise in two years, growing at roughly twice the rate of national income.

Source · Business Standard, "India's household debt rises to 41.3% of GDP, above five-year average: RBI" (31 December 2025), citing RBI FSR December 2025; The National Herald, "The quiet build-up of India's household debt" (8 November 2025), citing RBI data. business-standard.com

The Real Story

55.3%

Of household borrowings are NON-housing retail loans

The most under-reported finding from the December 2025 FSR: non-housing retail loans — personal loans, credit cards, vehicle and consumer durable loans — now make up 55.3% of total household borrowings. Housing loans are only 28.6%. India is no longer borrowing primarily to build assets; it is borrowing to consume. The RBI itself warns this is a "structural change in borrowing behaviour".

Source · Business Standard, "India's household debt rises to 41.3% of GDP, above five-year average: RBI" (31 December 2025); StartupTalky, "RBI Flags Rising Household Debt Risks…" (February 2026), both citing RBI FSR December 2025. startuptalky.com

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Everything you need to know about using LoanPaar, My Financial Health Score, and how we protect your data.

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The loan check, My Financial Health Score, and lender comparison are completely free. LoanPaar earns a referral fee from lenders only when a loan is successfully disbursed — and only for loans we've verified are genuinely better for you.

We store your name, phone, and the financial details you provide. PAN is used only for the soft CIBIL pull and is not stored in plaintext. We do not sell your data. See our .

Email our Grievance Officer at [email protected]. We acknowledge within 2 business days and resolve within 30 calendar days. You may escalate unresolved grievances to the RBI Ombudsman at cms.rbi.org.in.

No. LoanPaar is an independent loan comparison and advisory platform, and an authorised Direct Selling Agent (DSA) of Andromeda Sales & Distributions Pvt. Ltd. We do not lend money or sanction loans ourselves — applications are routed to Andromeda's network of partner banks and NBFCs, which are the regulated lending institutions.

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Real borrower problems. Real solutions.

"My EMIs are eating my salary"

"I think I'm paying more than I should"

"I'm using one loan to pay another"

"I want a better rate on my existing loan"

"I've never taken a loan before — and I don't want to mess this up"

Know every loan before you take one.

Personal Loan — fast money, expensive money

Home Loan — the only loan worth taking for 20 years

Gold Loan — the cheapest loan most Indians ignore

Loan Against Property — big money, low rates, slow process

Business Loan — for the shopkeeper, trader, and self-employed

Balance Transfer — switch your loan to a cheaper bank

Debt Consolidation — many EMIs into one lower EMI

Honest answers. No banker jargon.

What is FOIR? The number that decides if you get a loan

How CIBIL works — what goes in, what doesn't

EMI is what you pay monthly. Total interest is what you actually lose.

When balance transfer is worth it — and when it isn't

Debt consolidation, step by step

Loan terms, explained simply

The data India's lenders would rather you didn't read.

Home Loans

Personal Loans

Credit Card Debt

The Bigger Picture

Support & Frequently Asked Questions

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