1. Can I get a higher loan amount than the one approved on my profile?
No. You can only avail the loan amount approved on your profile. Timely repayments may help improve future eligibility.
2. Can I choose a smaller loan amount than what is offered?
No. The approved loan amount cannot be customized.
3. Why can't the loan amount be modified?
Your loan eligibility is calculated automatically based on internal assessment and cannot be changed manually.
4. Will taking a higher loan amount affect me?
Interest is charged on the full disbursed amount. Borrow only if you are comfortable repaying it.
5. Can I partially withdraw the approved loan amount?
No. The full approved loan amount is disbursed. Partial disbursal is not available.
6. Can I reject the approved loan offer?
Yes. You may choose not to avail the loan.
7. Will rejecting the loan offer affect my future eligibility?
No. Rejecting the offer will not impact your future loan eligibility.
8. How often are loan offers updated?
Loan offers are reviewed periodically based on your repayment history, credit profile, and internal policies.
9. Can customer feedback increase my loan eligibility?
No. While your feedback is valuable, loan eligibility is system-generated and cannot be changed manually.
10. Will my CIBIL score improve if I don't take the loan?
No. Your CIBIL score is not affected by rejecting or not availing a loan offer.
11. Can I repay the loan early to reduce interest?
Yes. You can foreclose or prepay your loan as per the terms of your loan agreement.