HOW IT WORKS

From Eligibility to Disbursal

One application, real offers from regulated lending partners, fully digital.

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Who it's for

Indian residents, 18 or older, with a regular income, who want to compare real loan offers instead of applying to one lender at a time.

When to consider it

Wedding, medical, home, education, travel, or business needs — anywhere a personal loan could help, and you'd rather see multiple offers than negotiate with one bank.

What to Expect

01

Apply online

Share basic details — takes just a couple of minutes.

02

Compare offers

Review real offers from regulated lending partners, side by side.

03

Apply

Choose an offer and share the details your chosen lending partner needs.

04

Verify (KYC)

Aadhaar OTP and bank verification, fully digital.

05

Track

Follow your application status from your dashboard.

06

Receive funds

Disbursal goes directly from the lender to your bank account.

Loan Categories

Amounts shown are ranges, not guaranteed offers — your actual eligibility depends on your profile.

Personal Loan

₹50K – ₹5L

For any personal need.

Medical Emergency Loan

₹1L – ₹5L

Fast disbursal when it matters.

Wedding Loan

₹2L – ₹5L

Fund the event without draining savings.

Business Loan

₹1L – ₹5L

Working capital for self-employed applicants.

Education Loan

₹50K – ₹3L

Flexible repayment for education costs.

Travel Loan

₹50K – ₹2L

Quick, digital-only process.

Documents You'll Need

  • PAN card
  • Aadhaar (for digital KYC)
  • Bank account details
  • Proof of income, if requested by your chosen lender

Typical Timeline

Eligibility check: a few minutes. Approval timing depends on your chosen lender and the documents they need verified — same-day approval is possible but not guaranteed.

Rates & Charges

Your rate depends on your profile, not a fixed table.

Rates and fees vary by lender and by your income, credit history, and loan amount. Rather than publish a generic rate card, we show you real, personalised offers after a quick eligibility check.

Processing Fee

1% – 3% of loan amount

Varies by lender

GST on Processing

18% on processing fee

As per govt norms

Foreclosure Charges

0% – 4%

Many partners offer zero foreclosure

Late Payment Penalty

2% per month on overdue EMI

Set by lender

Bounce Charges

₹500 – ₹750 per instance

If EMI bounces

Stamp Duty

As per state laws

On loan agreement

No fees charged by NeerCred — any lender deduction is disclosed before you commit

Apply for free and get matched with real offers in minutes.

Apply Now