Question 1

Tell me more about FriendLoan

Accepted Answer

FriendLoan are business loans. Our loan amounts starts from Rs.50,000 to Rs.30,00,000. Interest rates will be disclosed based on your credit assessment.

Question 2

What is the Interest Rate?

Accepted Answer

IRR of 24% to 34%*

Question 3

Is FriendLoan Under RBI Guidelines?

Accepted Answer

Yes, FriendLoan adheres to all RBI Guidelines with Sampathi Credits Private Limited is a subsidiary of FriendLoan Technologies Pvt Ltd through which the loans are processed. We report every transaction with CIBIL and other bureau agencies of India.

Question 4

How should I Make Payment?

Accepted Answer

On the EMI Date your EMI will be auto Debited from your Bank Account.

Question 5

Can I make a Payment Manually?

Accepted Answer

Yes, You Can Make Payment from FriendLoan App. By clicking on Pay EMI.

Question 6

How Can I Know my EMI Dates?

Accepted Answer

You Can Check in FriendLoan App under Repayment.

Question 7

How Can I Get an NOC?

Accepted Answer

Once you have Cleared all the Dues NOC will be E-Mailed to your Registered E-Mail Address.

Question 8

How to Preclose my Loan?

Accepted Answer

You can Preclose the Loan by making payment to Outstanding Amount.

Question 9

Can I Reapply for Loan?

Accepted Answer

Yes you can reapply for Loan after closing all your previous dues if any.

Question 10

Is Net Banking Mandatory for Application process?

Accepted Answer

Yes, Due to digital process of loan Net Banking is Mandatory for bank statement verification and mandate verification.

Question 11

Can I Change the Bank Account after getting Loan?

Accepted Answer

Need to request a mail to support@friendloan.in with reason for Bank Account Change. Based on Verification the Bank Account can be changed.

Question 12

Documents Required for Applying?

Accepted Answer

Phone Number Validation, Photo KYC, AADHAAR Card, PAN Card, Online Bank Statement Upload, Video KYC, Agreement e-sign, Mandate signing.

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