Having a low CIBIL score does not automatically preclude you from getting a loan, but it will affect the amount of loan that you can avail and the loan structure that you will get. Having a good CIBIL score allows you the opportunity to get higher loan amounts with better interest rates.
A loan top-up is an additional loan over and above your existing loan. You can apply for a loan top-up after completing 6 successful EMI payments. To find out more about loan top-ups, call our dedicated customer care number.
Selecting your loan tenure is a balancing act. If you select a low tenure, your EMIs will be higher, but you will pay less interest. If you select a longer tenure, your EMIs will be lower but you will end up paying more interest. You should carefully select your tenure based on your monthly financial outflow. Talk to our experts to get a better understanding.
FundsMama's loan disbursal process is among the fastest in the industry. From the time of application, it will take us up to 24 hours to evaluate your eligibility and approve your loan. Post approval, it will take us up to 36 hours to disburse your loan amount.
You can visit our website or download our app and use our free EMI calculator, which will give you details about your EMI.
Applying for a medical emergency loan from FundsMama is a fast and easy process. Just visit our website or download our app and fill in the details in the online form with your name, phone number, email id, etc. as well as your salary details and expected loan amount.
No, there are no restrictions. FundsMama's Medical Emergency Loans can be used for any medical purpose including hospitalization expenses, medicines and post-hospitalization expenses.
Yes, you can. FundsMama's Travel Loans can be used for travel to any domestic or international destination. Our Travel loans can be used for travel bookings, hotel accommodation and sightseeing expenses.
FundsMama offers multipurpose, collateral-free personal loans at the lowest possible interest rates. Our loans evaluation process is completely online, paperless and requires minimal documentation. We provide fast approval and disbursal of loans with flexible repayment options. We offer higher loan amounts with higher repayment tenures. Our entire process is completely transparent and hassle-free and we provide dedicated customer support.
FundsMama's services are currently available in all major towns and cities of Delhi NCR, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, West Bengal, Andhra Pradesh, Telangana, Tamil Nadu and Karnataka. We are in the process of expanding our operations so keep checking our website for updates.
Getting an online personal loan from FundsMama is very easy. Just visit our website or download the FundsMama app, fill out an online form with a few details and submit it. Thereafter, you will get an email requesting for documents, which you can scan and submit through email. Then, we evaluate your application and then give you a call to discuss the loan structure and repayment terms. Then, if all the parameters are satisfied, we disburse the loan within 24-36 hours.
We have an efficient loan underwriting system that checks various criteria for your loan worthiness, including your CIBIL score, monthly salary, existing loans, etc., while deciding your loan amount. Depending upon your salary and your credit history, you can receive up to 80% of your salary.
We have a flexible loan repayment system where you can choose the duration of your tenure from 12-60 months. You can repay your loan in fixed equated monthly instalments (EMI), which will be auto-debited from your salary account on a fixed date every month. To activate the auto-debit facility, we will take an e-mandate from you at the time of disbursal of your loan.
The rate of interest that you will be charged will depend on the type of loan that you take. For a personal loan the rate of interest ranges between X% and Y%, while for a short-term loan, it can vary between X% and Y%. Our processes are transparent and you will get complete information on the loan structure at the time of application.
Yes, prepayment or foreclosure of your personal loan is possible without any charges, provided you complete the payment of the first 6 EMIs. Some charges will be applicable if you choose to foreclose your loan before 6 months from date of disbursement.
A short-term loan is an unsecured personal loan. If you have a requirement for a small amount of money for any purpose, FundsMama offers short-term loans of Rs 5000 to Rs 1,00,000 for limited periods up to 1 year.