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FAQs
FAQs
Explore our frequently asked questions and our answers to them.
FREQUENTLY ASKED QUESTIONS
Who are we?
The Rupee Center is a financial consulting unit of M/s Gascom India Private limited. We advise our clients on financial matters be it Business or Personal Loans, Venture Caps / Angel Investments / FDI & more.
What is our area of operations?
We operate pan India and will charge you a small success fee upon approval of your loan.
What is a loan?
A loan is a financial arrangement between a lender and a borrower, in which the borrower receives a specified amount of money and agrees to repay it with interest over a specified period.
What are the different types of loans?
There are several types of loans, including personal loans, business loans, auto loans, mortgage loans, student loans, and more.
What factors affect loan eligibility?
Loan eligibility depends on various factors, such as credit score, income, employment history, debt-to-income ratio, and the purpose of the loan.
What is a secured loan?
A secured loan is a type of loan that requires collateral, such as a house, car, or other asset, to secure the loan amount. If the borrower defaults on the loan, the lender can seize the collateral to recover the loan amount.
What is an unsecured loan?
An unsecured loan is a type of loan that does not require collateral. Instead, the lender relies on the borrower's creditworthiness and ability to repay the loan.
How does the interest rate on a loan work?
The interest rate on a loan is the amount charged by the lender for borrowing the money. The interest rate is calculated as a percentage of the loan amount and is charged over the loan's repayment period.
How long does it take to get a loan?
The time it takes to get a loan varies depending on the lender, loan type, and the borrower's eligibility. Some loans can be approved and disbursed within a few days, while others may take several weeks or even months.
What are the consequences of defaulting on a loan?
Defaulting on a loan can have serious consequences, such as damage to credit score, legal action by the lender, seizure of collateral, and difficulty in getting future loans.
How do I repay a loan?
The repayment of a loan is usually done through monthly installments over the loan's repayment period. The borrower must make timely payments to avoid defaulting on the loan.
