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LoanPaar

Your EMIs are eating your salary. Find out how much.

Banks will never tell you you're overpaying. See exactly how much your EMIs cost you — and what it takes to get approved, before you apply.

35+Years of lending expertise
1,500+Cities served across India
50+Partner lenders compared
No CIBIL impact 256-bit encrypted No spam calls

Request a Loan in 60 Seconds

Tell us what you need. No CIBIL impact. Our advisors review within 24 hours.
Please enter your full name (at least 2 characters)
Enter a valid 10-digit Indian mobile number (starts with 6–9)
Please enter your monthly income
Please enter the loan amount you need
Your data is used only for credit analysis. We never share it with third parties without your consent.
35+Years of combined lending expertise
1,500+Cities served across India
50+Partner lenders compared instantly
Why people come to LoanPaar

Whatever brought you here, it starts the same way.

Consolidate your loans, borrow against property, or just stop overpaying — the first move is always to know if a lender will say yes, and for how much.

Consolidate many EMIs into one

Ten app loans and two cards draining your salary? We fold them into a single, cheaper EMI — once we know what a lender will approve.

Loan Against Property (LAP)

Unlock a large, low-rate loan against a home or land you own — the route when you need more than an unsecured loan allows.

Know before you apply

A single rejection sits on your report for months. See the lender's likely answer first, so every application actually lands.

The starting point for all three is the same: submit your loan request or start a LoanPaar Plus plan. Once you're in, our advisors call you and build your path.

Choose how to start

Two ways in. Both end in a clear answer.

Submit a loan request for free, or join LP+ for a complete monthly financial health plan.

Free · No payment needed

Submit a Loan Request

₹0 free
Tell us what you need. Our advisors review your profile and connect you with the right lender — at no cost to you.
  • Personal, home, LAP, business loans
  • Advisor review within 24 hours
  • No CIBIL impact
Most popular
Membership · Financial Health

LoanPaar Plus

₹349 / month
Monthly Financial Health Score, full credit analysis, and a step-by-step plan to get out of the EMI trap.
  • Your Financial Health Score out of 900
  • Which loans overcharge you — and by how much
  • Upload bank statements for deeper analysis
  • Your plan to get out, consolidated & rejection-free
Real members, real files

People who stopped applying blind.

A few of the paths we've mapped — on income, with a co-applicant, or against property.

"Nine app loans and a maxed card, declined even with a good score. LoanPaar had me pause, then fold it all into one loan on my own salary. One EMI now, not nine."
"Priya" · 31 · salaried, Pune
10 loans → one ₹5L loan
"On my income alone the EMI was too high, kept getting turned down. They checked my wife's report first — clean — and with her on the file, the loan went through."
"Ramesh" · 38 · with his wife as co-applicant
≈₹7L into one loan
"₹15 lakh in cards at 18–22% and a thin ITR — no bank would refinance me. They put it all against my house at ~11%. My monthly outgo nearly halved."
"Mahesh" · 44 · self-employed, owns his home
₹15L → LAP, EMI ~halved

★ Based on real LoanPaar cases. Names and identifying details changed for members' privacy; figures are illustrative. A reading is not a guarantee of approval.

LoanPaar Plus · Financial Health

Find out what's actually blocking your loan — and fix it.

LoanPaar+ pulls your live CIBIL, reads your bank statement, and gives you a plain-English verdict on your loan eligibility — with a specific action plan and a real advisor on WhatsApp.

One-time · no lock-in
Soft enquiry — zero CIBIL impact No fee on any loan, ever 256-bit encrypted
Sample member reportRefreshed every 30 days
● CIBIL  ✓ Pulled ● Bank Statement  ✓ Done
The honest answer
Priya, your profile is strong — you can get a loan approved today, and the numbers only improve from here.
Credit score excellent. Employer Tier-1. A few quick card wins and you unlock the best rates in the market.
CREDIT SCORE 758 Excellent ✓
TOTAL OWED ~₹5.3L 3 loans + 3 cards
OVERDUE ₹0 Clean record ✓
INCOME ₹95K Verified ✓
Getting there 5 of 7 checks met
What you get

Your complete loan picture — in plain language.

Not just a number. A full breakdown of what lenders see, what's blocking approval, and exactly what to do about it.

The honest answer on your loan eligibility

We tell you plainly — can you get a loan today, and if not, exactly why. Not just a score. We check 8 readiness criteria across CIBIL, income, EMI load, bank behaviour, loan count, and more. You'll know where you stand, and what to fix first.

"Sagar, if you applied today it would likely be a no — but there's a clear path to a yes, and your strong score means you're closer than you think."

Delivered in plain language, specific to your profile — not a generic template.

Every loan you owe — with a specific action

Your full active loan list, sorted smallest first: Close · Combine · Pay down · Keep. No guessing where to start when you want to clean up before applying.

Bank statement analysis — beyond the bureau

Salary verified. Bounces flagged. Spending flags called out. We read what your actual account shows lenders, not just what the credit file records — because that's where real decisions get made.

Lenders ranked by fit to your profile

We match by your employer tier, income band, and credit profile — so you approach in the right order, and don't waste hard enquiries on lenders who won't approve you.

Step-by-step plan to get approved

Prioritised actions in the right order — close a small loan, pause a flag, reduce card utilisation. Each step is specific to your numbers, not a generic checklist.

Your LoanPaar advisor — on WhatsApp

A real person who's reviewed your report. Here to guide you on when to apply, which lender to approach first, and when to wait — including the honest "not yet."

How it works

From sign-up to your complete report in 1–2 days.

1
Complete your profile Name, PAN, income, gender. Under 2 minutes. All AES-256 encrypted.
→
2
Upload bank statements Last 6 months of your salary account. We verify income and read your actual cash-flow.
→
3
Get your complete report Honest verdict · full loan picture · lender match · action plan · advisor on WhatsApp.
Membership

One plan. Your complete financial picture.

₹349 / 30 days
One-time payment · renew any time · no subscription lock-in
  • Live CIBIL pull + full bureau breakdown
  • Honest eligibility verdict in plain language
  • Every active loan listed with a specific action
  • Bank statement analysis — income + behaviour
  • Lenders ranked by fit to your profile
  • Step-by-step plan to get to a yes
  • Advisor access on WhatsApp
A financial-wellness membership. Never a condition of, or a fee on, any loan.

Request a Loan in 60 Seconds

Tell us what you need. No CIBIL impact. Our advisors review within 24 hours.

No CIBIL impact 256-bit encrypted ₹0 brokerage on loans

Your Loan Request

Takes 60 seconds. No CIBIL impact. Our advisors review within 24 hours.
Please enter your full name (at least 2 characters)
Enter a valid 10-digit Indian mobile number (starts with 6–9)
Please enter your monthly income (minimum ₹5,000)
Please enter the loan amount you need
Your data is used only for credit analysis. We never share it with third parties without your consent.

EMI Calculator

Calculate your EMI instantly. No sign-up needed.

Loan Amount₹10,00,000
Interest Rate (% p.a.)10.5%
Tenure5 years
₹21,247
Monthly EMI
Total payment₹12,74,820
Total interest₹2,74,820
Principal₹10,00,000

Lenders in India

Compare interest rates across banks, NBFCs and fintechs.

Loan Guides for India

Clear, jargon-free guides on CIBIL scores, interest rates, prepayment rules and how to avoid loan traps — written for Indian borrowers.

6 Guides

Everything you need to know before you borrow

Start with what matters most to your situation. Each guide is written in plain language — no jargon, no filler.

Understanding Your CIBIL Score

What it is, how it's calculated, and why it matters. Range is 300–900 — above 750 is considered good. Enquiries reduce it. You can check it free via CIBIL or Experian once a year.

How Interest Rates Work on Indian Loans

Fixed vs floating, reducing balance vs flat rate. A flat-rate loan at 12% costs significantly more than a reducing-balance loan at the same headline rate. EMI formula explained simply.

Prepayment and Foreclosure Rules

RBI rules: banks cannot charge for floating-rate home loan prepayments. Fixed-rate loans may carry a 2–5% charge. Knowing this can save lakhs over a long tenure.

Common Loan Traps to Avoid

Hidden processing fees (0.5–2%), insurance bundling, step-up EMI schemes, and balance transfer traps where the new processing fee eats all your interest savings.

How to Improve Your Loan Eligibility

Reduce existing EMIs by prepaying small loans first. Add a co-applicant to strengthen your application. Improve income documentation. Wait 6 months after a rejection before re-applying.

Self-Employed vs Salaried Loans

Documentation differences — ITR is critical for self-employed vs salary slips for salaried. Self-employed rates are typically 1–3% higher. How to strengthen your application with bank statement analysis.

Ready to act on what you've learned?

Check your Financial Health Score and get a step-by-step plan to reduce your EMI burden.

All loan types

Loan Types in India

Every major loan type explained clearly — rates, limits, tenure, and who qualifies.

Personal Loan
10.5–24%
Up to ₹40L · 1–5 years tenure
No collateral needed · salaried & self-employed
Best for: emergencies, weddings, travel, debt consolidation
Home Loan
8.5–12%
No max limit · Up to 20 years tenure
Property as collateral · longest tenure available
Best for: purchasing or constructing a home
Loan Against Property
9–15%
Up to 75% of property value · Up to 15 years
Residential or commercial property as collateral
Best for: business expansion, large personal needs, debt refinance
Business Loan
12–24%
Up to ₹2Cr · 1–5 years tenure
GST + ITR + bank statements required
Best for: working capital, equipment, business growth
Car Loan
7.9–15%
Up to ₹1.5Cr · Up to 7 years tenure
Vehicle as collateral · new & used cars
Best for: new car purchase, used car financing
Gold Loan
9–18%
Up to 75% of gold value · 1–3 years tenure
Gold jewellery as collateral · fastest disbursal
Best for: urgent short-term needs, no income proof required
Balance Transfer / Debt Consolidation
10.5–18%
Move your high-rate loans to a lower-rate lender · reduce your monthly EMI
Combines multiple loans into one manageable EMI
Best for: reducing EMI burden, escaping high-interest app loans

Common Loan Problems

Practical fixes for India's most common borrowing problems. Each one has a path forward — if you know where to look.

6 Problems & Solutions

Your problem has a solution. Most of them do.

Six situations we see most often — and what actually helps in each case.

PROBLEM

"I have too many small loans and app loans"

Multiple app loans and credit cards draining 40–60% of take-home pay. Each new application gets rejected because your debt-to-income ratio is too high.

The path forward

Debt consolidation through a single personal loan or LAP. The first step is a financial health check to know what a lender will actually approve.

PROBLEM

"Rejected despite a decent CIBIL score"

CIBIL score alone isn't the full picture. Lenders also look at debt-to-income ratio, employer type, job tenure, and age of accounts. A score of 720 can still be rejected.

The path forward

Find out the exact reason with a proper credit report analysis. Different lenders have different cutoffs — the right lender matters as much as your score.

PROBLEM

"My EMI is eating 50%+ of my salary"

Overexposure — often the result of balloon EMIs or high-interest app loans stacking up over time. The math gets worse every month.

The path forward

Calculate true debt-to-income ratio, explore balance transfer options, and consider LAP if you own property — it typically halves the interest rate.

PROBLEM

"I'm self-employed and banks keep saying no"

Banks distrust informal income, and ITR underreporting works against you. Self-employed borrowers face a structural disadvantage with traditional lenders.

The path forward

NBFCs have significantly more flexibility. Bank statement analysis matters more than ITR for self-employed borrowers. The right lender makes the difference.

PROBLEM

"There's an old write-off or default on my file"

Even settled debts show on your credit report for 7 years. A past NPA history makes most lenders walk away immediately.

The path forward

Timeline matters. A 3-year-old settled account hurts far less than a recent one. Some lenders specialise in near-prime borrowers — but you have to know which ones.

PROBLEM

"I'm paying 24%+ on credit cards"

Revolving credit card debt compounds at 3–3.5% per month — 36–42% annualised. Minimum payments barely touch the principal.

The path forward

A personal loan at 10–18% to clear credit cards, then closing the cards to reduce credit limit. The interest saving is immediate and substantial.

Which problem is yours?

A financial health check identifies your exact situation and maps the right path forward.

Real Borrower Stories

How six different borrowers — with different incomes, problems and cities — found a path through India's lending maze.

6 Stories

People who stopped applying blind.

Different situations, different solutions — the common thread was knowing the right move before applying.

"Nine app loans and a maxed card — rejected three times in two months. LoanPaar looked at the full picture, had me pause new applications, then folded everything into one personal loan. One EMI now."
"Priya" · 31 · salaried, Pune
9 app loans → ₹5L personal loan
"On my income alone the EMI crossed what the lender would approve. They checked my wife's report first — clean — and with her as co-applicant, ₹7L went through in a week."
"Ramesh" · 38 · salaried, Delhi
Co-applicant added → ₹7L approved
"₹15 lakh in credit cards at 18–22%, thin ITR, no bank would touch it. They put all of it against my house at around 11%. My monthly outgo nearly halved."
"Mahesh" · 44 · self-employed, Chennai
₹15L cards → LAP at ~11%, EMI halved
"₹2.1 lakh in app loans was eating my salary every month. Balance transfer plus a small prepayment — I tracked it on LP+ every month. Cleared in 14 months, not the 26 I'd estimated."
"Sunita" · 35 · salaried, Bangalore
Cleared in 14 months
"Needed ₹30L for home renovation. Banks said no — too old for a long-tenure personal loan. LoanPaar routed it against my flat as LAP, 12-year tenure. EMI I could actually afford."
"Ashok" · 52 · retired, Mumbai
₹30L LAP, 12-year tenure
"Three rejections, CIBIL 680, too many recent enquiries. LP+ tracked my report every month. Four months later, enquiries cleared, score at 714 — approved at an NBFC."
"Kavya" · 28 · self-employed, Hyderabad
CIBIL 680 → 714 → approved at NBFC

Based on real cases. Names and identifying details changed for privacy. Results depend on individual credit profile and are not a guarantee of approval.

Loan Rate Research

Data and analysis on Indian lending rates, lender behaviour and borrower mistakes. Updated from our active file reviews.

2024 Data

State of Indian Lending

Key figures from 15+ major lenders, tracked across loan categories and borrower profiles.

13.8% Average personal loan rate across 15 major lenders
1.2% Average processing fee (range: 0–3% depending on lender)
2–4% NBFC premium over bank rates for identical borrower profiles
Rate Comparison

Loan Rates by Category — 2024

Loan Type Rate Range (p.a.) Notes
Personal Loan 10.5 – 24% Reducing balance. Salaried with top-50 employer at lower end.
Home Loan 8.5 – 12% REPO-linked floating. Best rates for CIBIL 750+.
Loan Against Property 9 – 14% LTV matters: higher LTV = higher rate.
Gold Loan 9 – 18% Fastest disbursal. LTV capped at 75% by RBI.
Balance Transfer 10.5 – 16% Processing fee at new lender often offsets first-year savings.
Rate Drivers

Why Rates Vary So Much

Three factors that account for most of the variation in what lenders quote you.

Your Credit Score Band

Borrowers above 750 get best-tier pricing. Below 700, expect a 1–3% premium. Below 650, many lenders decline entirely or add a 3–5% risk premium on top of their base rate.

Employment Type

Salaried borrowers at top-50 companies get 0.5–1% lower rates than others. Self-employed borrowers at similar income levels pay 1–3% more due to perceived income volatility.

Loan-to-Value Ratio

For secured loans (home, LAP, gold), a higher LTV means higher risk for the lender — and a higher rate for you. Borrowing 80% vs 60% of property value can add 0.5–1% to your rate.

File Review Insights

Common Mistakes We See in Borrower Files

  • 34% Apply to 3 or more lenders within 30 days — each hard enquiry reduces the CIBIL score and signals desperation to subsequent lenders.
  • 22% Don't know whether their current loan uses a flat rate or reducing balance — meaning they don't know their real interest cost or true APR.
  • 41% Have at least one loan or credit card product above 18% APR that could be refinanced — but haven't explored the option.

How LoanPaar Works

Four steps from your situation today to the right loan — or a clear plan to get there.

The Process

Four steps. No guesswork. No surprises.

1

Submit your loan request or check your financial health

Tell us what you need, or subscribe to LP+ for a complete financial health check. No CIBIL impact at this stage — we use a soft enquiry that is invisible to lenders.

2

We analyse your profile

We look at your stated income, existing EMIs, the type of loan you need, and your credit profile. Not a guess — a real analysis of what lenders in your category will approve and at what rate.

3

Get matched to the right lender

Not all lenders are equal. A lender that works for salaried professionals in Pune may not be right for a self-employed person in Jaipur. We match based on actual approval patterns across borrower profiles — not commission rates.

4

Advisors guide you through the application

Our advisors call you within 24 hours, walk through the lender's requirements, and stay with you through approval. If now isn't the right time, we tell you that too — and explain exactly when it will be.

What Makes Us Different

Why LoanPaar is different from every aggregator

Not paid by lenders

We don't receive commissions from lenders to recommend their products. Our only revenue is the LP+ membership — so our incentive is to actually help you, not to close transactions.

We show the answer before you apply

A hard enquiry sits on your report. We show you what a lender will likely say before you apply — protecting your CIBIL score from unsuccessful applications.

We tell you when not to apply

"Wait 3 months and your DTI will improve." We actively tell you when not to apply — because a rejection today makes approval harder for the next 6 months.

About LoanPaar

India's independent loan comparison and credit advisory platform. Not a lender. Not paid by lenders.

Our Story

Built because borrowers were being kept in the dark

LoanPaar started from a simple observation: Indian borrowers are kept in the dark. Banks don't tell you you're overpaying. Lenders don't explain why they rejected you. And when you try to compare options, you get sold to the highest-paying lender — not the one that's right for you.

We built LoanPaar to be the opposite. An independent, transparent platform where the only measure of success is whether a borrower got the right loan at the right price.

What We Do
  • Compare loan offers across 50+ banks, NBFCs and fintechs
  • Analyse your credit profile honestly and tell you where you stand
  • Tell you which lenders will likely say yes — before you apply and risk your CIBIL score
  • Track your financial health every month and build a step-by-step plan through LoanPaar Plus
What We Don't Do
  • Accept payments from lenders to promote their products
  • Take a cut of loan amounts or charge any fees on loans
  • Recommend a loan that makes things worse to earn a commission
  • Share your data with third parties without your explicit consent
Our Principles
  • Honest analysis. We tell you what we actually see, not what you want to hear.
  • Data over intuition. Every recommendation is backed by actual lender approval patterns.
  • Protect the borrower's CIBIL score. Never apply without knowing the likely answer first.
  • Never recommend a loan that makes things worse. Including telling you to wait.
Registered Business

MSME — Government of India

LoanPaar is a Udyam-registered micro-enterprise under the Ministry of Micro, Small & Medium Enterprises, Government of India.

Udyam Number UDYAM-KR-02-0127617
Enterprise Type Micro Enterprise
Issued by Govt. of India, MoMSME
Verify at udyamregistration.gov.in →
MSME
Email [email protected] Chat on WhatsApp

Support & Contact

Questions about your account, loan request, or LP+ membership? We're here to help.

WhatsApp

Fastest response — typically within 2–4 hours on business days.

Chat on WhatsApp →

Email

For detailed queries, documents, or account questions. Response within 24 hours on business days.

[email protected] →
FAQ

Common Questions

Is LoanPaar free to use?

Submitting a loan request is completely free. LoanPaar Plus is a paid membership (₹349 per period) for a complete financial health analysis, credit report review, and a step-by-step plan.

Does checking my financial health affect my CIBIL score?

No. We use a soft enquiry that is invisible to lenders and does not affect your CIBIL score. Only hard enquiries from formal loan applications impact your score.

How quickly will an advisor contact me?

Within 24 hours on business days. WhatsApp is faster — typically within 2–4 hours during working hours.

Is my data safe?

Your data is stored in India, encrypted at rest, and handled in compliance with the DPDP Act, 2023. We never sell or share your personal data without your explicit consent.

Can I cancel LP+?

Yes, at any time. The plan is not auto-renewed — it is a one-time payment for a 30-day period. No refunds are issued for the current active period once the plan is activated.

Privacy Policy

Last updated: July 2026

What we collect

LoanPaar collects only the data necessary to provide loan comparison and credit-advisory services: your name, phone number, email address, income, employment details, and PAN (encrypted at rest). We also collect device and session data for security and fraud prevention.

How we use your data

Data sharing

We share your data with lenders only when you explicitly apply for a loan through LoanPaar. We do not sell, rent, or share your personal data with advertisers or data brokers.

Data storage & security

All data is stored within India on servers located in Mumbai. PAN numbers are AES-encrypted. Your data is handled in compliance with the Digital Personal Data Protection (DPDP) Act, 2023.

Your rights

You may request access to, correction of, or deletion of your data at any time by writing to [email protected]. We will respond within 15 business days.

Contact

For privacy-related queries: [email protected]

Terms of Use

Last updated: July 2026

Acceptance

By accessing or using LoanPaar, you agree to these Terms of Use. If you do not agree, please do not use the platform.

Nature of service

LoanPaar is an independent loan-comparison and credit-advisory platform. We are not a lender. We do not sanction, disburse, or guarantee loans. All lending decisions are made solely by the respective lender institutions.

LoanPaar Plus membership

LoanPaar Plus is a paid financial-wellness membership. Subscription fees are charged in advance. The membership is not a condition of, or a fee on, any loan application. Access to the Financial Health Score requires an active LP+ plan.

User obligations

Intellectual property

All content, trademarks, and software on LoanPaar are owned by or licensed to LoanPaar. You may not reproduce or distribute any part of the platform without written permission.

Limitation of liability

LoanPaar provides information and tools in good faith. We are not liable for lending decisions, interest rates offered, or financial outcomes resulting from use of the platform.

Governing law

These terms are governed by the laws of India. Disputes shall be subject to the jurisdiction of courts in Bengaluru, Karnataka.

Contact

For questions about these terms: [email protected]

Grievance Redressal

We take all complaints seriously and aim to resolve them fairly and promptly.

How to raise a complaint

Email us at [email protected] with the subject line "Grievance — [your issue in brief]". Include your registered phone number and a description of the issue.

Timelines

Grievance Officer

Name: Compliance Team, LoanPaar
Email: [email protected]
Hours: Monday–Friday, 10 AM – 6 PM IST

What qualifies as a grievance

LoanPaar does not charge any fee to process grievances. If anyone asks you to pay to resolve a complaint, it is fraud — report it immediately to [email protected].

Financial Wellness Plans

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Refund & Cancellation Policy

Last updated: July 2026

LoanPaar Plus membership

LoanPaar Plus is a prepaid digital membership. The subscription fee covers access to your Financial Health Score, credit bureau analysis, and financial wellness tools for the stated plan duration.

Refund eligibility

How to request a refund

Email [email protected] with your registered phone number and reason for the refund request. We will respond within 2 business days.

Loan facilitation services

LoanPaar does not charge any fee for loan facilitation. There is no fee to submit a loan request, speak to an advisor, or be matched with lenders. If anyone claims to charge such a fee on behalf of LoanPaar, it is fraud.

Cancellation

You may cancel your LoanPaar Plus membership at any time by contacting support. Cancellation stops future renewals but does not trigger a refund for the active period unless you meet the eligibility criteria above.

Service Delivery Policy

Last updated: July 2026

Digital delivery

LoanPaar and LoanPaar Plus are entirely digital services delivered electronically through this web platform. There is no physical delivery component. No goods are shipped.

Access timelines

Service availability

The LoanPaar platform targets 99.5% uptime. Planned maintenance is scheduled during low-traffic hours (2 AM – 5 AM IST) and communicated in advance where possible.

Support

For assistance with service delivery: [email protected]. Our team is available Monday–Saturday, 10 AM – 7 PM IST.

Your loan request is in!

Our advisors review within 24 hours and will contact you on your registered mobile. We'll match you with the lenders most likely to say yes to your profile.

While you wait — boost your chances

Know what lenders see before they do

LoanPaar+ members see their full Financial Health Score, understand exactly why lenders approve or decline, and get a 12-month improvement roadmap. Soft enquiry — no CIBIL impact.

  • Full CIBIL score & credit report breakdown
  • Identify exactly why lenders may decline you
  • Monthly tracking + 12-month score improvement plan