General questions about how KredExperts works, plus the most common questions on our retail and business loan products.
No. KredExperts is a loan advisory and sourcing platform. All loans are sanctioned, disbursed and serviced by our RBI-regulated bank, NBFC and housing finance company partners — KredExperts helps you find, compare, and apply for the right one.
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KredExperts collects only the information necessary to assess your loan eligibility and shares it only with the lenders you choose to apply through. See our Privacy Policy for full details, in line with the Digital Personal Data Protection (DPDP) Act, 2023.
Yes. A rejection from one lender doesn't mean you're ineligible everywhere — different lenders weigh income, credit history and collateral differently. Your advisor will recommend a better-fit lender rather than a repeat application to the same one.
This varies by product — personal loans can be decisioned within 24–48 hours for strong digital profiles; secured loans like Home Loan, LAP and Business Term Loans typically take 1–3 weeks due to valuation and legal checks.
A fixed rate stays constant for a defined period, giving predictable EMIs but usually starting 0.5–1% higher. A floating rate moves with the lender's benchmark — most borrowers in a stable or falling rate environment are better off with floating.
Eligibility depends on income, existing EMIs, credit score, and property value — lenders typically fund up to 75–90% of property value. We run this against multiple lenders, not just one.
A flat rate charges interest on the full original amount for the whole tenure; a reducing-balance rate charges interest only on the outstanding principal. "11% flat" can work out to roughly 19–20% on a reducing basis — always ask which method applies.
Yes, each formal application triggers a hard enquiry. Comparing through KredExperts first — before applying anywhere — protects your score instead of eroding it across multiple direct applications.
Yes — and if the funds are used for business, the interest paid may be eligible for tax deduction under Section 37(1). Consult your CA for your specific situation.
Often, yes. A down payment of 20%+ lowers the loan-to-value ratio, which reduces the lender's risk — and can unlock a better rate slab.
A term loan funds a one-time need with a fixed repayment schedule. Working capital finance funds your ongoing operating cycle and is typically a revolving limit. Mixing the two up is one of the most common MSME financing mistakes.
Not always. Under CGTMSE, eligible MSMEs can access collateral-free term loans up to a defined limit. Above that, secured term loans typically get a materially better rate.
Cash credit is typically secured against stock and receivables, for inventory-heavy businesses. An overdraft is often secured against property or fixed deposits and is more flexible in end-use.
Under CLCSS, eligible MSMEs upgrading to well-established, improved technology may access an upfront capital subsidy — we'll check eligibility against current scheme guidelines before you apply.
They're closely related — an overdraft is usually one specific form of line of credit, tied to your current account and often secured against property or fixed deposits.
Yes, most lenders accept both residential and commercial property, though the loan-to-value ratio may differ between the two.
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