Frequently Asked Questions

The interest rate starts from 14 % p.a. and is determined by multiple factors such as your credit score, employer, repayment capacity (debt to income ratio), etc.

Please follow the below steps to pay your EMI in advance

  • - Login to the App or Website
  • - Select the ‘Personal Loan’ dashboard
  • - Click on the ‘Pay Now’ option on the summary screen
  • - Select the ‘Loan Application Number’ in the drop-down menu.
  • - Select ‘EMI Payment in Advance’ in the ‘Payment Option’ drop-down menu.
  • - Select the ‘No. of Instalments’
  • - Click on the ‘Pay Now’ button and complete your payment.

Please be aware: Any EMI paid in advance will be credited towards upcoming EMIs. However, this advance payment will not be directly deducted from the principal outstanding amount. Consequently, the total interest paid on the loan account will remain unaffected.

Please follow the below steps to pay your EMI in advance

  • - Login to the App or Website
  • - Select the ‘Personal Loan’ dashboard
  • - Click on the ‘Pay Now’ option on the summary screen
  • - Select the ‘Loan Application Number’ in the drop-down menu.
  • - Select ‘Overdue Payment’ in the ‘Payment Option’ drop-down menu.
  • - Enter the amount
  • - Click on the ‘Pay Now’ button and complete your payment.

Failing to make EMI payments will result in bounce charges and penal charges, as outlined in the loan agreement's terms and conditions. Additionally, it may have a negative impact on your credit score & will be recorded in your credit history. Defaulting on the loan may also make it challenging to obtain any future loans.

You can write to mcare@miraeassetfin.com with the requested time slot for your video KYC along with your Application ID or call us at 1800 2099 180 (Monday to Friday from 9 am to 6 pm excluding holidays).

Please Note: You can schedule Video KYC anytime from Monday to Saturday from 9 am to 7 pm excluding holidays. The video KYC slot will be confirmed subject to availability of our Video KYC agent.

The processing fees is charged @1% on your loan amount up to a maximum of Rs.2,500. Eg. For a loan amount of Rs.1,00,000, processing fees charged will be Rs. 1,000 (Rs.1,00,000 x 1% = Rs. 1,000). However, the processing fee for a loan amount of Rs. 4,00,000 is Rs.2,500. (Rs.4,00,000 x 1% = Rs. 4,000 > Rs. 2,500)

Personal loans are not eligible for tax exemption.

You can choose your loan term as per your requirements from 12 months to 48 months.

The minimum loan amount is Rs.50,000, while you may borrow a maximum loan amount of Rs. 5,00,000.

A minimum CIBIL and Experian score of 700 or higher is necessary to get the personal loan.

Yes, you can foreclose your personal loan. There are no charges for foreclosure after a lock-in period of 6 months. A foreclosure charge of Rs.500 + GST is applicable if the loan is foreclosed before the lock-in period.

You can cancel your loan within the cooling-off period (3 days from the date of disbursement) in accordance with our lender partner's policies. Please note that the processing fee and stamp duty are non-refundable if the loan is cancelled during this period.