A secured loan is a loan that you borrow against an asset that you own, generally your home.If you choose a secured loan, you have to tie an asset with the debt you take, and if you are unable to repay the debt, lenders repossess the asset to balance out the payment.One classic example of a secured loan is a mortgage. Here, your property is kept as security in exchange for a repayment promise. If you fail to repay the mortgage, lenders can take away your house.Secured loans are long-term borrowings for up to 40 years. Your monthly instalments will become more affordable, but you will be burdened with a lifetime cost of loan repayments.

An unsecured loan is a loan borrowed by an individual without pledging any asset as collateral.These loans do not tie you with security in turn for repayment. Lenders generally check your employment status and credit history to understand how you have managed money in the past while making their decision to lend.

If you are eligible for a loan, you can get one from ₹1,000 to ₹100,000.

If you take a five-year loan of ₹20,000 with an interest rate of 5 per cent, the simple interest formula will work like this:₹20,000 x .05 x 5 = ₹5,000 in interest.

You can have at least one to three loans simultaneously from the same lender, depending on your credit score and the lender. However, there is no limitation to how many loans you can have at once from different lenders.

You can apply for business loans, unsecured loans, secured loans, and guarantor loans, depending on your financial needs.

Yes, you can pay off your loan early. Before that, check the early repayment charges (ERCs) you agreed to when comparing loans. According to the Consumer Credit Regulations 2004, lenders can charge two-month additional fees if the loan is repaid early. If your lender says they do not charge an ERC, look for hidden fees.Many lenders will be open about ERC, while others will not. So, check thoroughly for any extra fees.

No, when you compare loans online with LoanJet, it will not affect your credit rating. But if you apply for the credit, an inquiry is placed in your report—several inquiries within a short period impact negatively on your credit score. You are viewed as someone desperate for a loan or who takes more debt than they can afford to repay.

There are loans available for people on benefits or who are unemployed. These loans have higher interest rates. People who choose this may be asked to keep their car or home as security, or they might need to find a guarantor.

A loan provider will base your loan amount on the type of loan you apply for, your financial assets (like investments, savings, possessions of value, etc.), income, and credit history.With LoanJet, you can compare loans online in India and get real APRs with offers tailored to your financial requirements.

With a bad credit score, it is tougher to get a loan, but you still have the option to choose a Bad Credit Loan, which is aimed at people with a limited or bad credit history. The downside of this loan is that you get lower borrowing limits and higher interest rates.

Different lenders and loan types will have different requirements, but generally speaking, your personal information and credit history will determine whether or not you qualify. A customised list of loans that you can filter by interest rates and the possibility that your application will be approved will be shown.LoanJet is a fast loan comparison site India-based. It specialises in loan comparison and has a variety of loans for you. Comparing loans is super simple, and it can be completed in minutes!

Annual Percentage Rate (APR) is the rate of interest at which you have to repay the borrowed money. It considers the actual interest rate and additional charges to give you a complete insight into how much the loan will cost.If a rate is presented as an APR, the lender has to offer it to at least 51% of applicants. It does not mean that you will receive the same interest rate.

Debt consolidation means taking out another single loan to pay off debts from other lenders. With this method, you repay debts in a single monthly repayment.

You can pay off loans early in bulk or parts, but some lenders charge early repayment charges (ERCs). It will always be safe to read the terms and conditions before signing the loan. The existence of debt consolidation loans proves that you can pay off any type of loan early.

Talk to your lender if you are still determining whether you can repay the loan on time. They can allow a repayment holiday or work with you to find a more manageable repayment plan. You will be penalised for missing repayments if you do not let them know about this. Always make sure you borrow what you can afford. Late repayment can cause you serious money problems.

A repayment holiday is when you and your lender have agreed that you won’t be required to make any loan payments for a specified period. They are typically beneficial when you have experienced a temporary change in circumstances, such as unemployment, pregnancy, or unanticipated expenses.

You can get a loan for many things, from home renovations to school and education to significant purchases like a car, funding a wedding or paying off your bills. You can get a loan, whether it is a secured or an unsecured loan, a car loan, a wedding loan, a business loan, a home improvement loan, a holiday loan, a debt consolidation loan, a long-term loan, a homeowner loan, a guarantor loan and many others. We also allow you to compare loans in the India in real-time, so any form of comparison you need is available on LoanJet. It even has a state-of-the-art loan comparison calculator.

Depending on the sort of loan you take out and the lender you select, the term of your loan may range from a year to ten years. Longer loan terms may result in lower monthly payments, but you can wind up paying more overall owing to interest charges. LoanJet has a loan calculator, and you can compare loans in minutes. It takes just three simple steps.

Many lenders require a good credit history to approve your application. However, some lenders also offer loans for persons with bad or no credit history at all. One option is a guarantor loan when someone else agrees to repay the debt if you are unable to. You can check your eligibility rate in minutes using LoanJet. With us, the rate you see is the rate you get. We will help you get personalised offers in the India to compare loans with guaranteed APRs. Loan comparisons online can save you time, money and energy when it comes to loans.

Finding out your loan eligibility without damaging your credit report is possible with a soft search or soft application. It’s a practical approach to finding a loan you qualify for without risking your chances of acceptance. LoanJet can check if you are eligible for a loan, and you can check your eligibility rate in minutes. It is a great loan comparison site based in the India.

If you don’t make your payments on time, your lender may fine you and terminate any low or no-interest offers you may have. It might even cause the interest rate at which you make future repayments to increase; if you miss payments for loans, you can get fined. LoanJet helps you compare multiple loan offers to compare from in the India. Getting a tailored offer can increase your chances of not being able to pay your loan off. Loan comparison calculators are excellent when it comes to choosing your loan.

Call your lender as soon as you can if you’re having financial trouble and fear that you won’t be able to make your payments. They might be able to help you arrange a more manageable repayment schedule or a repayment holiday. If you don’t inform your bank, you can incur penalties for missed payments. Always make sure you borrow what you can afford. Late repayment can cause you serious money problems. To get rid of this fear, use LoanJet as your loan comparison site. It is a great loan comparison site, and it compares loans which are India-based. You can do everything in just three simple steps.

Fill in the loan application online with LoanJet with your personal and financial details and submit it. We will assess your profile, and it will be instantly shared with our partner lenders. The partner lenders will review your loan application, and within minutes, it will be approved.