Frequently Asked
Questions
- General FAQs
- Loans FAQs
- Card FAQs
- Investment FAQs
- Partner FAQs
- Other FAQs
General FAQs
Can I apply for a personal loan jointly with my spouse?
Couples belonging to the DINK (Double Income No Kids) category can easily apply for a joint Personal Loan...Know More
How is the maximum loan amount decided?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan..Know More
What can I use a personal loan for?
A Personal Loan is a short to medium term loan that needs minimum to no paperwork and can be availed at short notice...Know More
What can I use a home loan for?
Personal loans are unsecured loans given without any collateral and can be used for many purpose.They give an individual a free hand in times of emergencies as they provide access to instan...Know More
What can I use a business loan for?
Personal loans are unsecured loans given without any collateral and can be used for many purpose.They give an individual a free hand in times of emergencies as they provide access to instan...Know More
What can I use a Loan against property for?
Personal loans are unsecured loans given without any collateral and can be used for many purpose.They give an individual a free hand in times of emergencies as they provide access to instan...Know More
What will happen if I miss an EMI payment?
Not paying a single EMI might not have a significant impact on your Credit Score. That said, failing to pay multiple EMIs will reduce your credit score...Know More
Loans FAQs
Who can be joint borrowers in a Home Loan?
Family members including spouse, parents, siblings and/or children can jointly apply for a Home Loan. The benefits of a joint Home Loan is that the combined income of the members can help in...Know More
How is the maximum loan amount decided?
Your maximum eligible loan amount is affected by the following factors.The higher your income, the higher the loan amount you are eligible for. In the event that you are already paying an...Know More
What can I use a business loan for Apnapaisa?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More
Can I apply for a Personal Loan jointly with my spouse?
Couples belonging to the DINK (Double Income No Kids) category can easily apply for a joint Personal Loan. Your combined income will improve your purchasing power significantly, thereby maki...Know More
How do I decide which Bank/NBFC to take a Personal Loan from?
There are countless number of Personal Loan offers available today. While the thought of navigating through this endless plethora of offers may seem daunting, the following pointers should e...Know More
What will happen if I miss an EMI payment?
Not paying a single EMI might not have a significant impact on your Credit Score. That said, failing to pay multiple EMIs...Know More
What are the different types of Home Loan?
In addition to regular Home Loans, multiple Banks, NBFCs and Housing Finance Corporations (HFCs) provide different kinds of Home Loans for different purposes. It’s prudent to first...Know More
Card FAQs
How to earn and use credit card reward points?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More
What are the various modes through which I can make my payment?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More
Can I link multiple bank accounts to my Debit Card?
Yes. Multiple bank accounts can be linked to a single Debit Card. However, not all banks allow that and so, it’s prudent to check with your issuing bank first...Know More
Is there an Overdraft facility on a Debit Card?
Yes. Some banks allow you to overdraw above your balance in your account. This depends on your bank and the kind of...Know More
Do I need a good credit score to get a Debit Card?
No. All you need is a bank account...Know More
What are Contactless Debit Cards?
Contactless Debits Cards are those cards which make use of Radio Frequency Identification (RFID) or Near Field...Know More
What is a Card Replacement Fee?
Card Replacement Fee is a fee charged by banks to replace your debit card with a new one. Some banks don’t charge...Know More
Investment FAQs
How to earn and invest?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More
What can I use mutual funds for?
Mutual funds are the way for a common man to secure the future...Know More
Can I apply for a mutual fund jointly with my spouse?
You can either invest a lump sum amount or start an SIP for your spouse or work out a plan to invest together. Many brokerages offer joint holding account for mutual funds (MFs).Know More
How is the maximum mutual fund returns decided?
These can be between two individuals or a maximum of three account holders.Know More
What can I use a mutual funds for?
Mutual funds offer professional investment management and potential diversification..Know More
Do I need to be over 18 years to open a Savings Account?
Yes. In case of a minor, the parents or legal guardian can open an account on their behalf..Know More
Is it possible to have any number of Regular Savings Accounts in a particular bank?
No. You can have only one Regular Savings Accounts per bank.Know More
Partner FAQs
How can we partner together ?
Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More
Other FAQs
How to start a FD?
You can start an FD with apnapaisa. You just need the capital in bank and with just your panCard and aadhar card, you can open FD....Know More
Is it safe to open FD with Apnapaisa?
Yes it is safe to open an FD with us. We make sure that you have a smooth process..Know More
Do I need to be over 18 years to open a Savings Account?
Yes. In case of a minor, the parents or legal guardian can open an account on their behalf...Know More
Is Savings Account interest taxable?
Up to Rs.10,000 earned as interest on your Savings Account balance is tax free under Section 80TTA. Amounts higher than that are subject to TDS...Know More
Are there any charges to issue a passbook?
No. Under BSBDA, the passbook is issued free of cost..Know More
Who can invest in a Fixed Deposit?
Anyone can. From resident individuals to private and public limited companies, from Hindu Undivided Families (HUF) to partnership firms. There’s no income/employment criteria and the applica...Know More
What is the minimum lock-in period for a tax-saving fixed deposit?
5 years. A tax-saving fixed deposit can be claimed as tax deduction under section 80C of the Income Tax Act, 1961...Know More