Insure Borrow Safe provides Direct Selling Agent (DSA) services for a variety of loans, including Personal Loan, Home Loan, Business Loan, Education Loan, Loan Against Property, Doctor’s Loan, Car Loan, Two-Wheeler Loan, and Plot Loan.

Yes. Though the exact amount of the minimum personal loan amount varies from one lending institution to another, most lenders have set their minimum personal loan principal amount at Rs. 30,000.

Personal loans feature tenure of 1 year to 5 years or 12 to 60 months. In rare cases, shorter or longer personal loan tenures may be allowed by the borrower on a case by case basis.

It is always a good idea to compare the offers of individual banks before you decide to settle on a specific provider. Use online tools like the loan eligibility calculator and personal loan EMI calculator to find the loan option that suits you the best. Some of the key factors to consider when deciding on a loan provider include interest rates, loan tenure, processing fees and others.

In case of a fixed rate personal loan, your EMI amount remains fixed therefore every month during the loan tenure, you will pay the exact same amount as EMI. In case of a floating rate personal loan, the EMI amount will keep decreasing as it follows the reducing balance method of calculating interest payout on a personal loan. In case of a floating rate, the applicable interest rate may be varied by the bank periodically as per the new MCLR rules, floating interest rates may be changed either on a half yearly or yearly basis.

For availing Insure Borrow Safe business loan, the minimum turnover required is Rs.40 Lakhs.

Our business loan is for Manufactures, Traders, Self-employed professionals, Restaurants, Hospitals, etc.

No, part payment is not allowed for business loans.

Insure Borrow Safe Business Loans range from Rs.3 lakhs to Rs.1 crore. We also offer loans against credit card receivables (FCCR) with a maximum loan amount of Rs.3 crore.

Business loans offered by Insure Borrow Safe have a fixed rate of interest.

Home loans are long term borrowing instruments with a minimum tenure of 5 years and a maximum tenure of 30 years. The tenure offered to you for your personal loan depends on the loan amount that is sanctioned to you by the lender along with other factors.

Anyone — whether self-employed or salaried individuals/professionals — with a regular source of income can apply for home loans. One must be at least 21 years old when the loan period begins and should not exceed an age of 65 years when the loan ends or at the time of superannuation. This is the generic home loan eligibility criteria and specifics such as the minimum and maximum age limits, minimum income level, etc. may differ from one lender to another.

No. A lender would only allow you to apply for a joint home loan if the application is co-signed by one or more members of your immediate family. Thus, your friend does not qualify.

Immediate family members such as your parents, spouse and children are allowed to be joint borrowers in case of a home loan.

The maximum number of joint borrowers in case of a home loan is fixed at 6. However, only family members such as parents, siblings and spouse can be co-borrowers for a home loan in India. Additionally, having a co-borrower who has a robust credit history and good credit score is preferable as compared to one with a low credit score.

A home loan is a long term loan (5 to 30 years tenure), hence lenders want to ensure that they will get their money back in the long term. Therefore, the loan sanctioning authority will definitely check your credit history before sanctioning a home loan to you. By having a good credit record/history you would be classified as a low-risk borrower and you may be able to get preferred (low) interest rates and waivers on various bank fees on the basis of your credit history.

Education loan can be availed for all courses recognized by the UGC in case of India and all regular courses abroad. Each lender has its own list of educational institutions and courses that they would provide a loan for whether overseas or within India.

Yes, for all full-time courses a co applicant is required. The co-applicant can be Parent/Guardian or Spouse (if-married).

Your parents/ guardian can be a co-borrower as well as spouse in case of a married applicant. The co-borrower should have a steady source of income and a good credit history in order to improve the applicant’s chances of a successful loan application.

Most lenders have a maximum limit of Rs 10 lakhs to Rs 15 lakhs for studies within India, while the maximum limit on education loans for overseas studies is between Rs 20 lakhs to Rs30 lakhs. In case of some lenders, the applicant can get a higher loan amount sanctioned provided bank-accepted collateral is provided.

The average tenure for an education loan is between 5-7 years in case of most lenders. However, some lenders can offer a longer tenure of up to 15 years in case of higher loan amounts.

Any loan against a residential or commercial property can be used for both personal and business purposes. In fact, you can use loan against property for anything other than speculative or non-prohibitive activities.

You can include your spouse as a co-applicant and that results in a higher amount being lent. However, if the property is co-owned, all co-owners mandatorily need to be co-applicants.

Processing fee for loan against any property varies from bank to bank and is generally around 1 percent.

Interest is calculated on daily reducing balance. Your monthly out-go (equated monthly installment – EMI) is much lower as compared to the interest on annual reducing balance.

Loans against property has a maximum tenure of 15 years, subject to the condition it does not exceed your retirement age. This condition however can be flexible in certain cases

Doctor Loans typically require Little to No Down Payment with No Mortgage Insurance, although each bank’s program is different. In addition, most of the programs won’t count deferred student loans in their debt-to-income ratio and will allow you to close on your home often 30-90 days in advance of the start of your job.

The client pays no fees to Insure BorrowSafe. If there are any fees, then the fees will be paid by the bank, real estate company, etc.

Some doctor loan programs allow refinancing, and some are also available for construction.

You are eligible upon Medical School graduation. You will need to provide your “Match Day” letter assigning you to your Resident program. This letter should include position, start date, and salary. Many banks will allow you to close on your new home up to 90 days (and sometimes even more) prior to starting your new Residency assignment.

Insure Borrow Safe provide 80% - 90% of the showroom price of the car. The rest which includes the rest of the car price, road tax registration extra need to be covered by the borrower.

The tenure offered by most lenders is 1-5 years but in some special cases the tenure could be extended to a maximum of 7 years. It is best to pay off the loan as quickly as possible as cars have depreciation as time goes by and you will pay more than its cost. But if you want to reduce the EMI then opt for the longer tenure.

The documents that need to be submitted are - Age proof, ID proof, Application form, Photograph, Residence proof, Income proof, Bank statement, Signature verification proof, Pro-forma Invoice or Rate List.

Usually it takes banks at least a week to process and application which will include background verification and loan amount disbursal. It may take some additional time if the bank and its employees/agents are tied up with a lot of applications.

Individuals like a salaried employee or self-employed professional and institutions like firms, trusts or private and public limited companies can avail a two-wheeler loan.

Any Indian national who is above 18 years of age is eligible for a two-wheeler loan given he/she has a stable source of income. So, if you have been a salaried employee for minimum one year with at least six months at your current job or if you are a self-employed professional who has been running the business for over one year, you can apply for the loan.

There is no fixed figure but the bracket is regulated by government policies. It can differ from one applicant to another, courtesy the discounts offered by manufacturers and dealers. Also, people with better credentials to repay the loan are given better rates. You can always negotiate the loan rate with the lender.

Yes. From a 150 cc scooter to 500 cc bike, you can buy any two-wheeler from the market with the help of a bike loan. However, the EMIs will be significantly different. Also, some lenders have a big list of bikes for which they sanction loans. So, it’s advisable to ask once.

Interest is charged on a flat rate based on the scheme applicable for the particular product.

Interest is charged on a flat rate based on the scheme applicable for the particular product.

You can approach us by applying online or by calling our number given below.

To avail of a commercial vehicle loan, you will have to submit the following documents: Proof of address, e.g., passport, ration card, voter ID Proof of experience in the relevant area Track record of past loans, if availed. Bank Statement ITR in the case of a specific category of customers Additional documents, like the financial statements for the last two years Transportation contracts are to be submitted for a higher quantum of funding.