Faq 's

Missing a repayment may result in penalties or late fees, as per the lender's terms and conditions. It can also impact your credit score. We recommend contacting the lender immediately to discuss repayment options.

Loan112 simplifies the borrowing process by providing:

• Multiple loan offers from trusted lenders

• Transparent terms with no hidden charges

• A secure and user-friendly platform

• Fast approvals and disbursals

No, Loan112 is committed to transparency. All charges, including interest rates, processing fees, and any other applicable fees, will be disclosed upfront by the lender during the loan offer stage.

For any assistance or queries, you can reach us at:

• Phone: +91-91125-39112

• Email:care@loan112.com

• Address:498, Third Floor, Udyog Vihar Phase 3, Gurugram, Haryana, 122016

Missing a repayment may result in penalties or late fees, as per the lender's terms and conditions. It can also impact your credit score. We recommend contacting the lender immediately to discuss repayment options.

Here's the list of documents that are typically required for a personal loan application from Loan112.

• Photo Identity Proof: PAN Card

• Latest salary slip

• Aadhaar Card

• Permanent Address Proof: Any one of the following: Passport, Driving Licence, Voter's Identity Card, or Utility Bills (e.g., Electric/landline phone bill, gas bill) that are not more than 2 months old

• If the current address is different from the permanent address, then additionally: a utility bill (e.g., an electric or landline phone bill or a gas bill) of the current address that is not more than 2 months old, Leave and Licence Agreement/Rent Agreement

• The latest statement of your Bank account shows your salary credit.

Yes, loan aggregator platforms partner with licensed and verified financial institutions, banks, and NBFCs to display genuine loan offers. Always check the platform's list of partners for transparency

No, checking loan offers on a loan aggregator platform does not affect your credit score because it’s typically a soft inquiry. However, submitting a loan application may result in a hard inquiry, which can temporarily impact your credit score.

Yes, many platforms offer personal loans for specific needs like:

• Wedding expenses

• Travel and vacations

• Medical emergencies

• Home renovation

• These are unsecured loans and require no collateral.

Yes, if it is necessary, you can make changes to your loan request.

The lender extends you the loan through the Loan112 app because they have confidence in your creditworthiness and ability to repay the loan. However, if you default on the loan despite this trust, the lender will be forced to make your default status public on Loan112 app and website, their own website, and even your social media accounts. Additionally, the lender will take necessary recovery actions and inform CIBIL and other credit rating agencies.

When a borrower fails to repay the entire loan amount, including interest, within the specified time frame, including any extensions, from the date of loan disbursement, it is considered a default. If you do not make the repayment within the given time frame, you will be labelled as a defaulter with LOAN112 and will be unable to take another loan from LOAN112.

We accept payments only through NEFT, IMPS/UPI/CHEQUES methods. To make a payment, please visit https://www.Loan112.com/repay-loan Please be sure to verify the accuracy of the above information before making any transfer. If you require any further assistance, please reach out to info@loan112.com.

To provide the best experience to our customers, we occasionally offer special promotions.

Yes, some lenders specialize in offering loans to individuals with no credit history or a thin credit profile.