Real answers to what people ask us most.
No. Applying is always free, and you will never be asked to pay BankLoanKart or a loan advisor to submit an enquiry or get matched. If anyone asks you for money to "process" your application, please report it to us immediately.
The initial enquiry form takes under a minute. After that, your loan advisor will guide you through the detailed application, which depends on the product — a personal loan is usually quicker than a home loan, which needs property documents.
Submitting an enquiry through BankLoanKart does not affect your credit score. A "hard" credit check only happens if you go ahead with a lender's formal application, the same as it would anywhere else.
No. BankLoanKart is a marketplace that connects you with independent loan advisors (DSAs) who work with various banks and NBFCs. We don't lend money ourselves, and the final decision to approve a loan always rests with the lender.
A loan advisor (DSA) matched to your city and the product you asked about will contact you, usually by phone, to guide you through comparing offers and completing your application.
Yes. Your loan advisor will typically show you offers from more than one lender they work with, so you can compare rates, fees and terms before deciding.
No, and you should be cautious of anyone who tells you otherwise. Loan approval, the interest rate, and the amount sanctioned are decided entirely by the lender, based on their own eligibility criteria.
Each lender sets its own rates based on their own risk assessment, your credit profile, the loan amount, and their current lending policy. This is exactly why comparing more than one offer is worth doing.
Only the loan advisor matched to your enquiry, and — once you choose to proceed — the lenders they work with on your behalf. We don't sell your information to third parties.
Yes. You can ask us to delete the personal information we hold about you at any time — see our Data Deletion page for how.