Frequently Ask Questions
The FAQ (Frequently Asked Questions) section for MyLoanAdda is designed to provide comprehensive answers to common questions potential and current customers may have regarding the services and processes involved. This section typically covers various aspects such as general information about the platform, loan application procedures, types of loans available, interest rates, repayment options, and customer support.
MyLoanAdda is an online platform that offers a variety of loan products, including personal loans, business loans, home loans, car loans (new and used), loans against property (LAP), and credit limit/overdraft facilities.
MyLoanAdda partners with leading banks and financial institutions to provide quick and easy access to financial services. Users can apply for loans through the MyLoanAdda website by filling out a simple application form.
No, MyLoanAdda is not a bank. It is a loan aggregator that connects customers with various lending partners to facilitate loan approvals.
You can apply for a loan by visiting the MyLoanAdda website, selecting the type of loan you need, and filling out the "Get A Quote" form with the required information.
The required documents vary depending on the type of loan but generally include identity proof, address proof, financial statements, and property documents. Specific documents include PAN card, Aadhar card, salary slips, and bank statements.
The loan approval process is typically quick, with many loans being approved within a few days, depending on the completeness of the application and documentation.
