Most lenders require documents issued within the last 3–6 months, especially for income proofs like salary slips, bank statements, and ITR.

Yes, many lenders accept scanned or digital copies for initial processing. However, original or self-attested copies may be needed for final verification.

You should inform the lender and provide alternative valid proofs (e.g., utility bills in place of address proof). Some lenders also allow additional time to arrange missing documents.

A fixed-rate mortgage keeps the same interest rate throughout the loan term, ensuring predictable EMIs. An adjustable-rate mortgage (ARM) has an interest rate that changes periodically based on market conditions, which may increase or decrease your EMI.

The key difference in an adjustable-rate mortgage is that the interest rate isn’t constant. It starts with a fixed rate for a short initial period, then adjusts at set intervals according to market benchmarks, making EMIs fluctuate.

Home Loan: Taken to buy, build, or renovate a residential property.

Mortgage Loan: A loan secured by pledging your existing property (residential or commercial) as collateral, which can be used for various personal or business needs.

A personal loan is an unsecured loan that allows you to borrow money for personal needs such as travel, medical expenses, education, or debt consolidation without needing to pledge collateral.

You generally need a stable income, good credit history, valid ID/address proof, and meet the lender’s age and eligibility criteria.

Approval can be very quick—often within 24 to 48 hours if documents are in order. Some lenders even offer instant approvals online.

A business loan is financing provided to entrepreneurs and companies to meet expenses like expansion, working capital, equipment purchase, or inventory needs.

Eligibility depends on your business vintage, turnover, financial statements, credit score, and the lender’s specific requirements.

Typically, business registration documents, bank statements, GST returns, income proof, and KYC documents of owners/partners are required.

Many lenders disburse approved business loans within 3–7 working days, with some offering faster approvals online.

These are loans offered to businesses for large-scale needs like infrastructure, factory setup, heavy machinery, or long-term expansion projects.

Manufacturers, traders, service providers, and companies with established operations and consistent revenue can apply.

Repayment terms vary, usually ranging from 3 to 15 years, depending on loan size and lender policies.

Most lenders require collateral such as property, machinery, or receivables. Some structured products may also be available against project cash flows.