FAQ’s

Ayaan Finserve India Pvt. Ltd (AFI), started off as a Non-Banking Finance Company on the 13th of October 1994 after obtaining the required registration with Reserve Bank of India.

In last 30 years, we have built our company by providing secured and unsecured loans to corporates that are either small or medium-sized. We ventured in to retail lending in 2020 by getting in to Gold Loan through our multiple Gold Loan retail branches in Delhi NCR. Today we already serve Thousands of Gold Loan customers.

By leveraging in to our professional expertise and experience in retail lending, AFI has ventured in to Dhanvriddhi retail loans to serve hitherto unserved customers in retail personal loan segment. Our USP is super-fast processing providing all convenience to customers. All our products are hassle free and transparent with no hidden charges.

AFI is run by a group of seasoned finance professionals with an aim to provide affordable, quick, transparent retail loan products to eligible customers.

A personal loan is a type of unsecured loan that is typically used for personal expenses, such as unexpected medical bills, home repairs, or other unexpected expenses. Unlike a mortgage or car loan, personal loans do not require collateral, such as a house or car, to secure the loan. Instead, the lender typically evaluates the borrower's creditworthiness and income to determine their ability to repay the loan. Personal loans typically have a fixed interest rate and a fixed monthly payment and are typically repaid over a period of one to five years. Personal loans can be obtained from banks, credit unions, and online lenders.

To be eligible, individuals should fall within the age range of 21 to 60, be employed and receiving salary from their current employer, and possess a monthly net income of no less than Rs 15,000.

The loan limit for Dhanvriddhi Loans is from Rs 5,000 to Rs. 1 lakh.

Applicants falling in the age group of 21 to 60 years can apply for a personal loan at Dhanvriddhi Loans.

You can avail for personal loan from Dhanvriddhi Loans online via the Mobile Application or Website.

Missing payments on your personal loans can have serious consequences, including a negative impact on your credit report and possibly higher interest rates on the loans you take out later and also possible legal action under Indian Penal Code.

The company will report it to CIBIL as per the repayment track history.

Yes, it will happen once you start the journey process with us whether you avail loan or not.

Yes, you can repay the loan early by logging into your mobile app or website and making the payment there.

No, there are no charges for foreclosure or prepayment.

No, the tenure cannot be changed after loan disbursal.

No, the loan amount cannot be changed after disbursal. If needed, the existing loan must be closed to avail a fresh loan, subject to applicable charges.

Failing to repay the full loan amount, including interest, within the specified time frame, including any extensions, from the loan disbursement date, is deemed a default. If repayment is not made within this period, you will be classified as a defaulter by Dhanvriddhi Loans, and future loan requests with Dhanvriddhi Loans will be unavailable to you.

As per credit bureau guidelines, we should also be doing periodic reporting. AFI is also free to initiate legal actions as per legal norms.

We will charge an additional Rs 1000 for late EMI payments, along with daily penal interest charges as outlined in the terms and conditions.

Yes, you will receive a loan closure letter from the company if your payments are cleared on time and there are no outstanding dues in your account.

You can repay your EMI through the mobile application or website, as provided at the time of disbursal, on the designated EMI date.

We will deduct the money upfront from the loan amount, a practice mirrored by the majority of financial institutions.

If at any point, the information provided by you or the verifications initiated by us are found to be incomplete, fraudulent, or unverifiable, the funding request will be terminated.

If the borrower fails to make the EMI payment by the due date, late payment charges will be applicable according to the terms outlined in the loan agreement. Dhanvriddhi Loans maintains ethical practices in collecting dues from borrowers and refrains from using coercion. Nevertheless, it is the borrower's responsibility to fulfill their EMI payment obligations.

Yes, we will give you a call for marketing activities, as you have provided consent when logging into our application or website.

You're welcome to re-apply for a personal loan after 3 months after the rejection of your previous application if you believe that there have been material improvements in your creditworthiness. We will review your application, but approval remains at the discretion of the lender.