Frequently Asked Questions (FAQs)

Loan amounts depend on the product: Personal Loans go up to ₹5,00,000, Business Loans up to ₹10,00,000, Payday Loans up to ₹2,00,000, and Medical Loans up to ₹5,00,000. Your exact eligible amount depends on your income, credit profile, and repayment capacity, confirmed instantly during the application process.

You're eligible if you're an Indian citizen aged 21-58 years, salaried or self-employed, earning a minimum monthly income of ₹15,000, with a valid PAN and Aadhaar card and an active bank account with at least 3 months of transaction history.

Tenure varies by product. Personal and Medical Loans run from 3 to 36 months, Business Loans from 6 to 48 months, and Payday Loans from 15 to 90 days (short-term advances can be as short as 7 days). You can choose the tenure that best fits your repayment plan during application.

Interest rates start from 11% p.a. on Medical Loans, 12% p.a. on Personal Loans, and 14% p.a. on Business Loans. Payday Loans carry a flat rate starting from 1% per month (or 1% per day for short-term advances under 45 days). Your final rate depends on your credit profile and loan tenure.

No. Waqt Money follows a fully transparent pricing model with no hidden charges. There are no pre-closure or foreclosure penalties if you repay early, and all applicable fees are disclosed upfront before you accept the loan offer.

Approval is typically instant once your details are verified. Funds are disbursed directly to your account within minutes to a few hours after approval, and always within 24 hours.

The entire process is 100% digital — from application to document upload to disbursement. No branch visit or physical paperwork is required.

You'll need your PAN card, Aadhaar card (front and back), your last 3 months' salary slips, bank statements for the last 6 months, and a passport-size photograph.

Yes. Waqt Money facilitates loans in partnership with Waqt Finance Pvt Ltd, an RBI-registered NBFC (RBI Licence No. B.10.00143).

Yes. Both salaried and self-employed individuals aged 21-58 with a minimum monthly income of ₹15,000 can apply.

A Personal Loan is meant for larger, planned expenses — up to ₹5,00,000 over 3-36 months. A Payday Loan is a short-term cash advance for urgent needs — up to ₹2,00,000 with tenures as short as 7-90 days, designed to bridge you until your next salary.

Yes. There are no pre-closure or foreclosure charges — you can repay your loan early at no extra cost.