Faq 's

Missing a repayment may result in penalties or late fees, as per the lender's terms and conditions. It can also impact your credit score. We recommend contacting the lender immediately to discuss repayment options.

Loan112 simplifies the borrowing process by providing:

• Multiple loan offers from trusted lenders

• Transparent terms with no hidden charges

• A secure and user-friendly platform

• Fast approvals and disbursals

No, Loan112 is committed to transparency. All charges, including interest rates, processing fees, and any other applicable fees, will be disclosed upfront by the lender during the loan offer stage.

For any assistance or queries, you can reach us at:

• Phone: +91-91125-39112

• Email:care@rupee112.com

• Address:498, Third Floor, Udyog Vihar Phase 3, Gurugram, Haryana, 122016

Missing a repayment may result in penalties or late fees, as per the lender's terms and conditions. It can also impact your credit score. We recommend contacting the lender immediately to discuss repayment options.

Here's the list of documents that are typically required for a personal loan application from Loan112.

• Photo Identity Proof: PAN Card

• Latest salary slip

• Aadhaar Card

• Permanent Address Proof: Any one of the following: Passport, Driving Licence, Voter's Identity Card, or Utility Bills (e.g., Electric/landline phone bill, gas bill) that are not more than 2 months old

• If the current address is different from the permanent address, then additionally: a utility bill (e.g., an electric or landline phone bill or a gas bill) of the current address that is not more than 2 months old, Leave and Licence Agreement/Rent Agreement

• The latest statement of your Bank account shows your salary credit.

Yes, loan aggregator platforms partner with licensed and verified financial institutions, banks, and NBFCs to display genuine loan offers. Always check the platform's list of partners for transparency

No, checking loan offers on a loan aggregator platform does not affect your credit score because it’s typically a soft inquiry. However, submitting a loan application may result in a hard inquiry, which can temporarily impact your credit score.

Yes, many platforms offer personal loans for specific needs like:

• Wedding expenses

• Travel and vacations

• Medical emergencies

• Home renovation

• These are unsecured loans and require no collateral.

Loan Aggregator: An intermediary platform that compares loan options from multiple lenders and helps you choose the best one.

Direct Lender: The financial institution or NBFC that provides the loan directly to you. Loan aggregators simplify the process by showing offers from many lenders in one place.

Prepayment: Paying a portion of the loan amount before the due date.

Foreclosure: Paying off the entire loan amount before the loan tenure ends.

Both options may incur charges depending on the lender’s policy.

Top-up Loan: An additional loan over your existing one, offered by the same lender.

Balance Transfer Loan: Transferring your loan to a new lender offering better terms, such as lower interest rates.

Reducing Balance: Interest is calculated only on the outstanding loan amount, resulting in lower total interest.

Flat Rate: Interest is calculated on the original loan amount throughout the tenure, making it more expensive.

Credit Limit: Revolving credit you can use as needed and repay (e.g., credit cards, overdrafts).

Loan: A fixed amount disbursed at once, with predetermined repayment terms.

Yes, some lenders specialize in offering loans to individuals with no credit history or a thin credit profile.