Home Loans
New purchase, construction & plot loans
- Low indicative starting rates from partner banks
- Tax deductions under Sec 80C (Principal) & Sec 24b (Interest)
- Minimal processing with PMAY subsidy advisory where eligible
Explore Loan Products
Compare retail, commercial, and priority lending options tailored to salaried professionals, self-employed individuals, and registered business entities.
Personal Loans
Instant collateral-free multi-purpose financing
- Zero collateral or asset hypothecation required
- Use for medical emergencies, wedding, travel or debt consolidation
- Flexible EMIs tailored to your monthly salary profile
Business Loans
Expansion capital for enterprises & traders
- Designed for proprietors, partnerships, LLPs, and Pvt Ltd firms
- Fund inventory, new branches, marketing, and inventory growth
- Customized appraisal on GST returns and banking cash flows
Loan Against Property
Unlock high-value liquidity against residential/commercial property
- Significantly lower interest rates compared to personal loans
- Retain ownership & occupancy while utilizing property equity
- Suitable for long-term business funding and major milestones
MSME Loans
Govt.-backed & institutional lending for MSMEs
- Access to CGTMSE collateral-free credit guarantee schemes
- Subsidized interest benefits for verified manufacturing & service MSMEs
- Structured support with Udyam registration & CMA reports
Working Capital Loans
Cash Credit (CC) & Overdraft (OD) facilities
- Smooth out day-to-day payroll, vendor, and receivables gaps
- Pay interest only on funds utilized, not on total credit limit
- Secured against inventory, book debts, or fixed collateral
Car Loans
New & pre-owned four-wheeler finance
- Competitive floating and fixed interest pricing
- Quick on-the-spot sanctions with participating showroom dealers
- Pre-owned car loan balance transfer and top-up options
Two-Wheeler Loans
Bikes, scooters & EV two-wheeler financing
- Instant approval on basic Aadhaar and PAN verification
- Special interest rates for green mobility electric vehicles
- Pocket-friendly monthly EMIs for salaried and students
Education Loans
Domestic & study-abroad academic finance
- Covers tuition fees, living costs, travel, books, and laptops
- Repayment begins only after course completion + grace period
- 100% tax deduction on interest paid under Section 80E (no upper cap)
Gold Loans
Instant cash against gold jewellery & coins
- Highest per-gram valuation as per prevailing gold benchmarks
- Bank locker security with complimentary insurance coverage
- Bullet repayment and monthly interest servicing options
Professional Loans
Dedicated credit for Doctors, CAs & Lawyers
- Tailored for setting up clinics, diagnostic labs, and CA offices
- No financial balance sheet hurdles for newly established practitioners
- Specialized terms from premier banking partners
Equipment & Machinery Loans
Asset financing for manufacturing & industrial tech
- Finance CNC machines, medical scanners, printing & construction tools
- Equipment itself serves as primary security collateral
- Claim asset depreciation and interest expenses for business tax savings
Credit Cards & Card Loans
Interest-free credit lines, reward perks & instant cash advances
- Pre-approved credit card comparison from leading Indian issuers
- Convert high-ticket purchases into low-interest merchant EMIs
- Complimentary airport lounge access, fuel surcharge waivers & cashback
Interactive Financial Tool
Loan EMI Calculator
Plan your monthly budget by calculating Equated Monthly Installments (EMI), interest outflow, and overall repayment liability in real-time.
Loan Amount (₹)
₹ 25,00,000
₹50,000
₹1 Crore
₹2 Crore
Interest Rate (% p.a.)
8.75%
6.5% (Prime Secured)
15%
24% (Unsecured)
Tenure (Years)
20 Years
1 Year
15 Years
30 Years
Monthly Equated Installment (EMI)
₹ 22,093
*Indicative monthly payment
Principal Amount
₹ 25,00,000
Total Interest
₹ 28,02,320
Total Amount Payable:
₹ 53,02,320
Loan Eligibility Factors
Lenders evaluate applicants using standard risk matrices. Understanding these parameters helps you secure higher sanction amounts and optimal interest rates.
Credit (CIBIL) Score
A CIBIL or Experian score of 750+ reflects healthy repayment history. A clean score qualifies you for pre-approved loans, lower processing charges, and preferential interest slabs.
Income & Employment
Salaried applicants should typically possess min. 1 year of total work experience (6 months with current employer). Self-employed applicants generally require 2–3 years of steady ITR filings.
FOIR / Debt-to-Income
Fixed Obligation to Income Ratio (FOIR) measures your existing monthly loan and credit card obligations against net income. Lenders typically prefer FOIR below 40% to 50%.
Age Criteria
Salaried borrowers: Typically 21 to 60 years at loan maturity. Self-employed borrowers: Typically 23 to 65 years. Adding a younger earning co-applicant expands eligible tenure.
Required Documents Checklist
Having these standard documents ready ensures rapid verification and streamlined credit sanctioning across banks.
👤 For Salaried Applicants
- ✓ KYC Documents: PAN Card, Aadhaar Card, Passport / Voter ID
- ✓ Income Proof: Latest 3 months salary slips
- ✓ Tax Form: Form 16 / ITR for the last 1 to 2 financial years
- ✓ Banking: Last 6 months bank statement (salary credit account)
- ✓ Employment Proof: Official company ID card & appointment letter
🏢 For Self-Employed / MSMEs
- ✓ Business Proof: GST Registration, Udyam Certificate, Shop Act
- ✓ Financial Statements: Audited Balance Sheet & P&L (last 2–3 yrs)
- ✓ Tax Filings: ITR with computation of income (last 2–3 years)
- ✓ Banking: Last 6 to 12 months current account statements
- ✓ Corporate Papers: MOA/AOA, Partnership Deed, Board Resolution
🏡 For Secured Property Loans
- ✓ Title Deed: Registered Sale Deed, Conveyance Deed or Gift Deed
- ✓ Approvals: Approved building plan, Commencement Certificate
- ✓ Encumbrance: Encumbrance Certificate (EC) for past 13–30 years
- ✓ Receipts: Latest property tax receipts & Khata certificate / extracts
- ✓ Allotment: Allotment letter & payment receipts from builder (if new)
5 Steps to Loan Disbursal
How nidhiIQ accelerates your loan approval from initial inquiry to final money transfer in your bank account.
1
Inquire & Profile
Share basic loan amount, requirement type, and employment details with our team.
2
Lender Matching
We benchmark offers from 20+ partner banks & NBFCs for lowest interest rates & fees.
3
Documentation
Doorstep or digital document pickup with thorough pre-underwriting audit.
4
Credit Sanction
Lender performs legal, technical, and credit appraisal, issuing formal sanction letter.
5
Fast Disbursal
Signing loan agreement, NACH mandate setup, and direct fund transfer to bank account.
⚠️
Important Regulatory & Lending Disclosure:
nidhiIQ is a financial distributor and facilitation platform, not a direct banking institution or Non-Banking Financial Company (NBFC). We do not lend money directly or make final credit decisions. Loans are sanctioned and disbursed solely at the discretion of RBI-regulated scheduled commercial banks and NBFC partners. Interest rates, processing fees, loan tenure, repayment terms, and eligibility conditions are determined independently by each lending partner based on an applicant's credit score, income verification, and internal underwriting guidelines. nidhiIQ never requests upfront advance cash or unofficial processing fees.
nidhiIQ is a financial distributor and facilitation platform, not a direct banking institution or Non-Banking Financial Company (NBFC). We do not lend money directly or make final credit decisions. Loans are sanctioned and disbursed solely at the discretion of RBI-regulated scheduled commercial banks and NBFC partners. Interest rates, processing fees, loan tenure, repayment terms, and eligibility conditions are determined independently by each lending partner based on an applicant's credit score, income verification, and internal underwriting guidelines. nidhiIQ never requests upfront advance cash or unofficial processing fees.
Frequently Asked Questions
Got questions about loan eligibility, CIBIL scores, repayment options or balance transfers? Here are the answers.
What credit score (CIBIL) is required to secure a loan in India?
Most scheduled commercial banks and prime NBFCs prefer a CIBIL score of 750 or higher for competitive interest rates and faster sanction. However, applicants with scores between 650 and 749 may still qualify with specific lenders, though terms, processing charges, or interest rates may vary. Maintaining on-time repayments and low credit utilization strengthens your score over time.
How does nidhiIQ assist applicants in the loan journey?
nidhiIQ functions as an authorized financial distributor and advisory platform. We analyze your credit profile, compare verified offerings from leading RBI-regulated banks and NBFCs, structure your documentation, and guide you through sanction to final disbursal without charging borrower consultancy fees.
What is the difference between a secured and unsecured loan?
A secured loan (such as a Home Loan, Loan Against Property, Gold Loan, or Machinery Loan) requires collateral pledged to the lender. Because the lender's risk is lower, secured loans offer higher sanction limits, lower interest rates, and longer repayment tenures (up to 20-30 years). An unsecured loan (such as a Personal Loan or Business Loan) does not require collateral, relying instead on your income stability and credit score, generally carrying slightly higher rates and shorter tenures (1-5 years).
Can I transfer my existing home loan to another bank for lower rates?
Yes. A Home Loan Balance Transfer (HLBT) allows you to transfer your outstanding loan balance from your existing lender to another bank offering a lower interest rate or superior service terms. You can also avail a Top-Up loan alongside the transfer for personal or business needs. Per RBI mandates, floating-rate home loans carry zero foreclosure or prepayment penalty for individual borrowers.
Can adding a co-applicant improve my loan eligibility?
Yes, adding an earning family member (spouse, parent, or earning child) as a co-applicant combines both incomes, substantially boosting your borrowing capacity and reducing the Debt-to-Income (FOIR) ratio. If a woman is designated as the primary or co-owner on a home loan, many banks also extend an interest concession of 0.05% (5 bps).
What are the income tax benefits available on Home Loans?
Under the Old Tax Regime: (1) Principal repayment is deductible under Section 80C up to ₹1,50,000 per financial year; (2) Interest paid on self-occupied house property is deductible under Section 24(b) up to ₹2,00,000 per financial year. For let-out properties, actual interest paid can be set off subject to loss set-off ceilings.
What are prepayment and foreclosure rules on retail loans?
As per Reserve Bank of India (RBI) regulations, banks and NBFCs cannot charge any foreclosure charges or prepayment penalties on floating-rate term loans sanctioned to individual borrowers (non-business purposes). For fixed-rate loans or non-individual corporate borrowers, prepayment terms are governed by the specific loan agreement.
How does the NACH / e-Mandate auto-debit process work?
National Automated Clearing House (NACH) is a digital payment service coordinated by the National Payments Corporation of India (NPCI). During loan onboarding, you authorize an e-mandate allowing your lender to automatically deduct your monthly EMI on a scheduled date, ensuring zero missed deadlines and protecting your CIBIL score.
