CreditMantri Finserve Private Limited
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Is it just the beginning of the month but already spent your salary? No, worries! Do not let a cash crunch prevent you from meeting your shopping needs! Check out the best shopping loans on offer and shop till you drop. Shopping loans are flexible and come with hassle-free repayment options and are fully automated. Check your eligibility and apply now for instant loans.
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Do you wish to purchase a new dress for your upcoming birthday or just to feel good? Are you contemplating your wish to buy against the money that will be required? Did you just come across a limited period special offer on your favourite mobile brand but are low on funds? Well, you need not worry as many of us face these situations once in a while. There are chances that we have to miss out on some of the best deals because we couldn’t arrange the cash needed. This is when a shopping loan can come to our rescue.
All you need is a personal loan for venturing on your shopping expedition to move the items from the wish list to the actual shopping cart. All this without really compromising or going overboard on your monthly budget. Today, many digital lenders across India offer shopping loans at reasonable rates making them a convenient option for instant fund requirements. This will allow you to binge on your favourite shopping destinations without missing out on some good deals. Read on to find out more about shopping loans.
Eligibility criteria could vary for shopping loans offered by different lenders. However, some of the common eligibility criteria are as listed below:
1. Can I prepay my Loan which I borrowed for shopping? Are there any charges on prepayment?
You can choose to prepay your personal loan which you would have borrowed for shopping. Prepayment charges may be applicable but these could differ across lenders. Hence it is best to enquire with your specific lender on the prepayment penalty if any.
2. What if I am unable to repay the shopping loan within the set timeline?
In case you do not repay the shopping loan as per pre-agreed timelines and miss an EMI, it could have a significant impact on your credit score This is mainly because a shopping loan is considered as a personal loan and it hurts your credit score for non-payment.
3. How much time does a Personal Loan avail for Shopping take to be disbursed?
For existing customers, lenders may provide such loans within a matter of minutes. However, sometimes the disbursal time could vary across lenders and depends on their evaluation process.
4. Can I opt for multiple shopping loans from the same lender?
Some lenders may offer only one loan at a time and some could offer multiple loans in one go.
5. If I have applied for a shopping loan, does it mean I can purchase products only from the stores that the lender has tie-up with?
For receiving maximum benefits of offers related to store-lender tie-ups, you will have to purchase products from the listed stores.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.