How Our Loan Process Works

Getting a loan with EmiSeva is simple, transparent, and hassle-free. Follow these easy steps to secure your loan quickly and efficiently.

Why Choose Our Loan Process

Experience the difference with our customer-centric approach

Fast Processing

Get loan approvals in as little as 24 hours with our streamlined digital process.

Secure & Confidential

Bank-level security ensures your personal and financial information is always protected.

Lowest Interest Rates

Competitive rates starting from 8.4% with no hidden charges or fees.

Dedicated Support

Personal loan manager assigned to guide you through every step of the process.

Flexible Repayment

Choose from multiple repayment options that fit your financial situation.

Transparent Process

No hidden fees or charges. All terms clearly explained before you sign.

Required Documents

Prepare these documents for a smooth application process

Common Documents for All Loans

Identity Proof

  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID
  • Driving License

Address Proof

  • Aadhaar Card
  • Passport
  • Utility Bill (Electricity/Water)
  • Rental Agreement

Income Proof

  • Salary Slips (Last 3 months)
  • Bank Statements (Last 6 months)
  • Form 16 (For salaried individuals)
  • IT Returns (Last 2 years)

Loan-Specific Documents

Home Loan

  • Property Documents
  • Approved Building Plan
  • Sale Agreement
  • Cost Estimate from Architect

Car Loan

  • Car Quotation
  • Driving License
  • Registration Certificate (RC)

Business Loan

  • Business Registration Proof
  • Business Address Proof
  • Business Financials (P&L, Balance Sheet)
  • GST Registration Certificate

Education Loan

  • Admission Letter
  • Course Fee Structure
  • Academic Records

Frequently Asked Questions

Find answers to common questions about our loan process

How long does the entire loan process take?

The timeline varies based on loan type and document completeness. Personal loans can be processed in 24-48 hours. Home loans typically take 3-7 working days due to property verification. Business loans may take 2-5 working days. The fastest approvals are for pre-approved customers who can receive funds within 12 hours.

What credit score is required for loan approval?

We generally look for a credit score of 650 or above for unsecured loans. For secured loans like home loans, we may consider applicants with scores as low as 600. However, we evaluate applications holistically, considering income stability, employment history, and existing financial obligations alongside credit score.

Can I apply for a loan without a salary slip?

Yes, we have options for self-employed individuals and those without traditional salary slips. You can provide bank statements for the last 6-12 months, IT returns for the last 2-3 years, and business financial statements. We also consider alternative income sources like rental income, investments, or freelance work.

Is there a prepayment penalty?

We do not charge any prepayment penalty for most loan types after the first 12 EMIs. For home loans, you can make partial prepayments of up to 25% of the outstanding principal each year without any charges. Full prepayment is allowed after 3 years without penalty.

How can I track my loan application status?

You can track your application in three ways: 1) Log in to your account on our website or mobile app for real-time updates. 2) Contact your dedicated loan manager directly. 3) Call our customer support at +91 98765 43210. We also send SMS and email notifications at each stage of the process.

Ready to Get Started?

Join thousands of satisfied customers who have achieved their financial goals with our simple loan process