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Frequently Asked Questions

What is Creditsms.com?  

Creditsms.com is an online platform that aggregates various financial services, making it easy for users in India to find and compare the best loan offers. Our service is designed to be user-friendly and accessible at any time. 

How does applying through Creditsms.com affect my credit score?  

Creditsms.com itself does not affect your credit score as it is a comparison platform. However, lenders you apply with may perform credit checks, which could temporarily impact your credit score. 

What should I consider when choosing a loan?  

Before finalizing a loan, it’s important to compare interest rates, repayment terms, and eligibility requirements across different lenders to find the best option for your financial needs. 

How long does it take to get a loan approved?  

Loan approval times can vary by lender but generally range from a few minutes to a few hours. Detailed timing can be found directly on each lender’s website through Creditsms.com. 

What are the borrower requirements?  

To be eligible for a loan in India, you typically need: 

  • A bank account with an Indian bank 
  • Indian citizenship or residency 
  • A minimum age of 18 years 
  • A valid mobile phone number 
  • An email address 

How will I know if my loan application is approved or rejected?  

You will receive a notification via SMS or email from the lender regarding the approval or rejection of your loan application. 

Is a guarantor or collateral required to obtain a loan?  

Most personal loans on Creditsms.com do not require a guarantor or collateral. Specific requirements may vary by lender. 

Can I change the repayment date if I face payment difficulties?  

If you encounter difficulties with repayment, you should contact your lender immediately to discuss possible adjustments to your repayment schedule. 

What could cause a lender to deny a loan application?  

A lender might deny a loan application for several reasons, including inaccurate application details, existing delayed payments, non-compliance with age requirements, or having multiple active loans. 

How can I contact Creditsms.com?  

For inquiries regarding our services, please use the contact form available on our website. We are committed to providing assistance and answering your questions promptly.