Grouped so you can skip to what you need. Every answer is concrete.
No. We use a soft enquiry to show your pre-approved offer, which is invisible to other lenders and does not change your CIBIL score. A hard enquiry happens only if you accept an offer and proceed.
Just your PAN, Aadhaar-linked mobile number, and a bank account. Salaried or self-employed, the process is the same: fully digital, and most applicants upload nothing at all.
After approval and e-sign, disbursal averages 10 minutes via IMPS. At most, a few hours on bank holidays. You'll see the exact status live in the app.
Most decisions are instant. You move the slider, complete a two minute KYC, and see your offer, often in under five minutes start to finish.
Yes. A thin credit file is not an automatic no. We look at income and other signals too, though your rate may be a little higher until you build a track record.
Yes. The core requirement is the same: PAN, Aadhaar-linked mobile and a bank account. For some profiles we ask for a recent bank statement, requested in the app.
You can hold one active loan per product. For example a personal loan and an EV loan can run together, but not two personal loans at the same time.
The full list is on our rates and charges page: interest, a one-time processing fee, and a late payment charge if an EMI bounces. There is nothing else. Every rupee is itemised in the app and on your agreement before you sign.
APR is the true annualised cost, including the one-time processing fee. Because it folds in the fee, it sits a little above the headline rate, and it is the fairest number for comparing two offers.
No. The rates and charges page is the complete list. No annual fees, no hidden charges, no surprises. If a charge is not there, it does not exist.
A missed EMI attracts ₹450 + GST on the overdue amount only, never added to your principal. We call you first. If it stays unpaid past 30 days, it may be reported to the bureaus.
Yes, once, for free, from the app. Pick a date that lands after your salary and it stays that way for the life of the loan.
Tap Close loan in the app any time after your first EMI, pay the outstanding principal, and you are done. Foreclosure is ₹0, with no penalty.
You can exit within 3 days of disbursal by repaying the principal plus proportionate interest, with no penalty and your processing fee refunded. Full detail on refunds and cooling-off.
Yes. Everything is encrypted in transit and at rest, stored in India, and processed under the DPDP Act, 2023. Your data is used to underwrite your loan, not sold to marketers. Once your loan is closed you can request deletion from the app.
Only your lending partner, credit bureaus and KYC agencies, each to the extent it needs. It is never sold and never shared with marketers. The full list is in our privacy policy.
Request deletion from the app once your loan is closed. We keep records for 8 years afterwards where RBI norms require it, then delete them.
Loans are provided by our RBI-registered NBFC and bank partners, named on your agreement. Bindaas is the platform. The lender's name, rate and every charge are printed on your loan agreement before you sign, exactly as RBI's digital lending guidelines require.
Bindaas Fintech Pvt. Ltd., based in Bengaluru. Meet the team and the model on our about page.
It depends on your product, profile and the best available rate. You always see the lender before you sign. The full partner list is on our lending partners page.