In today’s fast-paced world, loans can be a lifeline — helping you buy a home, pursue higher education, or fund a medical emergency. But before you hit “Apply Now,” it's crucial to understand the fundamentals. This Vizzve Loan Guide will walk you through everything you need to know before taking a loan in 2025.
✅ Why Do People Take Loans?
Loans serve various life needs:
💳 Personal Loans – for weddings, travel, or emergencies
🏠 Home Loans – to buy or renovate property
🚗 Vehicle Loans – for purchasing bikes or cars
🎓 Education Loans – for higher studies in India or abroad
🧾 Business Loans – to scale up operations
Understanding the purpose will help you choose the right product.
📊 1. Understand the Types of Loans
| Loan Type | Secured/Unsecured | Typical Use |
|---|---|---|
| Personal Loan | Unsecured | Emergency, medical, travel |
| Home Loan | Secured (property) | Real estate purchase |
| Car/Bike Loan | Secured (vehicle) | Vehicle purchase |
| Education Loan | Unsecured/Secured | Higher education |
| Business Loan | Both | Capital for business |
🧠 2. Key Factors to Consider Before Borrowing
🔍 Interest Rate
Fixed vs. floating
Compare lenders
Vizzve offers competitive interest rates starting at 10.5% p.a.
📅 Loan Tenure
Shorter tenure = higher EMI but lower interest overall
Longer tenure = lower EMI but more interest
💳 Credit Score
A credit score above 750 boosts your chances
Vizzve allows you to check eligibility without hurting your credit score
💼 Repayment Ability
Use Vizzve's EMI Calculator to avoid over-borrowing
Follow the 30% EMI rule – don't exceed 30% of your monthly income
🔄 3. Documents Required (General Checklist)
PAN Card / Aadhaar Card
Salary slips (last 3-6 months)
Bank statements (last 6 months)
Income tax returns
Address proof
🚫 4. Common Loan Mistakes to Avoid
Ignoring processing fees & hidden charges
Not checking prepayment or foreclosure charges
Taking a loan without comparing multiple lenders
Borrowing more than needed
Skipping EMI protection insurance
🔐 5. Why Choose Vizzve for Your Loan?
At Vizzve, we’re redefining finance with a human touch. Here’s how we simplify your loan journey:
✅ Instant eligibility check
✅ 100% digital processing
✅ Zero hidden charges
✅ Personalized offers
✅ Fast approval & disbursal
💬 “We don’t just lend money, we lend confidence.” – The Vizzve Way
🧮 Try the Vizzve EMI Calculator
Know your repayment even before you borrow. Visit www.vizzve.com and use our free EMI calculator today!
📌 Final Thoughts
Taking a loan is a big financial decision. But with the right information and tools from Vizzve, you can make smart, stress-free borrowing decisions that work for you — not against you.
🔖 FAQs – Vizzve Loan Guide
Q: Can I apply for a loan online through Vizzve?
Yes, Vizzve provides a 100% online application process.
Q: What credit score is needed for a personal loan?
A score above 750 is ideal, but Vizzve also has options for those rebuilding credit.
Q: How soon will I get the money?
Loan disbursal is often completed within 24-48 hours upon approval.
Q: Are there any hidden charges?
No. Vizzve offers transparent processing with zero hidden fees.
published on 1st July
Publisher : SMITA
www.vizzve.com || www.vizzveservices.com
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.