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FREQUENTLY ASKED QUESTIONS


You can use the calculators to check your loan eligibility.

There are 4 types of calculators. One for each of the product offerings. - Working Capital Loan Eligibility Calculator. - Unsecured Loan Eligibility Calculator. - Secured Loan Eligibility Calculator. - Medical Equipment Loan Eligibility Calculator.

It is simple. You just have to fill in the required fields & click on the submit button. Once you click on Submit, the website will ask you to register yourself. After registering yourself, you can view the results for your loan eligibility.

Once you know that you are Eligible, the next step is to fill in the application form with all the details and apply for a loan.

If you are ineligible, you can still call the LoanXpress team and we will tell you how you can increase your chances of getting a loan.

A working capital loan is a loan used by companies to cover day-to-day operational expenses.

The interest rates would range anywhere from 12.5% - 16%. Working Capital loans are renewed annually.

Click here to check your borrowing limits by using our Loan Eligibility calculator

An Unsecured Business loan is a collateral free loan.

The interest rates are higher for unsecured loans than other loans as the lender does not demand any kind of collateral. The interest rates would range from 17% to 22%. Unsecured loan is generally taken in the form of a term loan and the period ranges from 1-3 years.

<a href="/static/pdf/faq_pdf/Unsecured_loan_Checklist.pdf" download>Click here</a> for the complete list of documents.

<a href="/tools/unsecured-business-eligibility-calculator">Click here</a> to check your borrowing limits by using our Loan Eligibility calculator

A Secured Business loan is a loan backed by security.

Interest rates and tenure vary in the range of 12% to 14%. As it is backed by collateral, the interest rates are low as compared to other types of loan.

<a href="/static/pdf/faq_pdf/Secured_loan_Checklist.pdf" download>Click here</a> for the complete list of documents.

<a href="/tools/secured-business-eligibility-calculator">Click here</a> to check your borrowing limits by using our Loan Eligibility calculator

It is loan that can be availed by doctors & businesses to take care of their equipment needs for upgrading their technology.

The interest rates vary in the range of 12% - 14%. They are linked to the banks base rate & the internal bank rating of the borrower. The tenure for a medical equipment loan could go from 1 year to 7 years.

<a href="/static/pdf/faq_pdf/Medical_Equipment_Loan_Checklist.pdf" download>Click here</a> for the complete list of documents.

<a href="/tools/medical-equipment-eligibility-calculator">Click here</a> to check your borrowing limits by using our Loan Eligibility calculator

Click here to know about the application process.

No, you do not have to fill the form at one go. After every section you can save the changes that you have made and come back later & complete the form.

You need not worry if you are stuck somewhere while filling the form. Our LoanXpress experts will guide you through the whole application process.

If you do not have the soft copies of all the documents, we can arrange for a document pickup. LoanXpress has document pick up facilities in over 6 cities and you can schedule for a pickup at your doorstep. LoanXpress also gives you the option of partly uploading your documents & arranging a pickup for the rest of them.

You can schedule the pickup date & time online as per your convenience & availability.

Yes you can edit your form till the last stage. But once you submit the form, you cannot make any changes in it.

After submitting the form, if you realize that you want to make changes in it, you need not fret. You just have to inform LoanXpress about the changes that you want to make & we will make those changes on your behalf.

We give you an option of saving your form at each step to ensure that you pick up where you left.

You can check the status of your loan application on the LoanXpress dashboard. The LoanXpress team will be updating your application status regularly.

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