What are the different types of loans available with A1 Loans?

We offer Personal Loan, Loan against property and SME Loan.

What is a Personal Loan?

A personal loan is an unsecured loan that can be used for various purposes, such as weddings, home improvement projects, schooling, and/or medical costs.

What is the highest loan amount I can get?

Maximum loan amount is ₹1,00,000/-

What is the Credit Score* required to get a loan?

Credit score* should be more than 650.

How can I repay my Personal Loan?

You pay the loan in equal monthly installments (EMIs) through ECS mandate.

Do I need to provide any security or collateral to apply for a Personal Loan?

You don't need to provide any security, collateral or guarantor to obtain a Personal Loan from A1 Loans.

How is Personal Loan processing fee calculated?

A1 Loans has to incur some costs while processing and sanctioning of loan and hence the processing fee is charged accordingly.

Is there any option to get the Personal Loan foreclosure charges waived?

Upon the payment of a minimum 6 EMIs, the Customer shall have the option to foreclose the loan in full or part towards the outstanding principal amount of the loan without any prepayment charge if the loan is prepaid from own sources.

Is there any lock-in period for Personal Loan pre-closure?

Minimum 3 months.

Is insurance mandatory for Personal Loan? Is insurance included in deductions or in EMI?

Insurance is the subject matter of solicitation. We recommend you to protect your loan obligation against unforeseen events so that your family should not have the burden to pay back on behalf of you. Insurance premium is deducted from the disbursement amount.

What are the benefits of a Personal Loan from A1 Loans?

Some of the benefits of availing a personal loan from A1 Loans include competitive interest rates, quick sanction and disbursal, and flexible repayment tenure.

Does my credit score affect my chances of getting a Personal Loan from A1 Loans?

Your credit score is one of the factors that we consider while approving your loan application. A good credit score will increase your chances of availing a personal loan from A1 Loans.

What are the documents required to apply for a Personal Loan from A1 Loan?

Some of the documents required to apply for a personal loan from A1Loan include PAN Card, Aadhar Card No and six month salary credit bank statement.

How do I apply for a personal loan with A1 Loans?

You can apply through web application.

Can I be able to edit the application here?

No, the application cannot be edited only the user can view it

Is it mandatory to have a Co-applicant?

Co-applicant is not mandatory however based on the credit requirement co-applicant may be taken.

How to check Loan Application Status Online?

Online mode is the easiest way to keep track of your loan application status. At a1Loan, you can track status of your loan by your Mobile number provided at the time of registration. if you still need to check offline then please contact us on 9789011874 between 9:00 a.m. - 6:00 p.m. from Monday to Saturday (Except Public Holidays and Sundays).

How is the Interest rate calculated?

Interest is calculated on the diminishing balance method.

The status of my loan application is not being displayed on online portal. What should I do now?

In case your loan application status is not being displayed on the portal, you are advised to get in touch with the us on 9789011874 or [email protected].

What should I do if my loan application is rejected?

If your loan application has been rejected, there might be a number of reasons behind it. NBFCs take under consideration several factors such as your credit score, other active loan accounts, your credit history, and loan repayment history. If your loan application has been rejected, there are high chances that one or more of the criteria mentioned above have not been fulfilled. In such cases, the best option would be to wait for your credit history and credit score to improve and then apply for the same.