FAQ - Omozing Loans
What is Omozing?
Omozing is the brand for Aparampaar Finance Pvt Ltd., a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), dedicated to providing unsecured personal loans and Business loans. Amazing is tailored to individuals and businesses with varying credit profiles. We offer flexible loan options with reasonable interest rates and EMI tenures ranging from 3 months to 3 years. Our mission is to empower individuals by making financial support accessible, even if they do not have a perfect credit score.
Is Omozing RBI Registered NBFC?
Yes, Omozing is powered by Aparampaar Finance Pvt Ltd., a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI). This registration ensures that we adhere to regulatory standards and operate with transparency and integrity, providing our customers with a secure and reliable loan experience.
Is the Omozing mobile app safe to use?
Absolutely. The Omozing app is designed with your security in mind. We use advanced encryption and security measures to protect your personal and financial information. Our app undergoes regular security audits to ensure that your data is safe and your transactions are secure.
What is the credit score requirement for Omozing?
At Omozing, we understand that a perfect credit score is not always achievable. While a good credit score can be beneficial, it is not a strict requirement for our loans. We evaluate each application based on a comprehensive review of your financial situation, focusing on your income, employment stability, and overall creditworthiness rather than just your credit score. Generally, credit score above 600 is considered at a loan qualification criteria.
What are the interest rates on Omozing loans?
Our interest rates are highly competitive, starting as low as 1.1% per month, and are designed to be lower than payday loans. The exact rate depends on your loan amount, tenure, and individual financial profile. We aim to offer rates that are both fair and manageable.
Is the Loan Unsecured?
Yes, the loan is unsecured. This means you don’t need to provide any collateral to secure the loan. We base our approval on your financial profile and creditworthiness. This approach simplifies the borrowing process and provides you with greater flexibility.
Can I apply for a loan if I have a poor credit score?
Yes, you can. At Omozing, we assess each application individually and consider factors beyond just your credit score. With a minimum required credit score of 600+, we focus on your overall financial situation to offer you the best possible loan options.
How do I apply for a Loan with Omozing?
Applying for a loan with Omozing is simple. You can start by filling out our online application form on our website or through our loan app. Once submitted, our team will review your application and request the necessary documents. After assessing your application, we will provide you with a loan offer. If you accept, we’ll proceed with the disbursement.
What are the eligibility criteria for an Omozing loan?
To be eligible for an Omozing loan, you need to:
- Be between 18 and 60 years old.
- Have a stable monthly income over ₹25,000 in a bank account.
- Be a resident of India.
- Have a valid identity and address proof.
What documents are required to apply for a loan?
You will need to provide:
- Identity Proof: A government-issued ID (Aadhar Card, Passport, or Driver’s License).
- Address Proof: Utility bills, rental agreement
- Bank Statements: with your current address.
- Income Proof: Recent salary slips or income tax returns.
Photographs: 1 soft copy of photo.
How long does it take to get my loan approved?
The approval process typically takes a few business days. Once you submit your application and required documents, our team will review them and get back to you with a decision as quickly as possible.
What is the maximum Loan amount?
We offer loans up to ₹25 lakhs, providing you with the financial flexibility you need. The exact amount is tailored to suit your individual needs and financial profile. Our goal is to help you achieve your financial goals with ease.
How can I contact Omozing for support or inquiries?
You can contact us through our website’s contact form, email us at info@omozing.com, or call our customer support team at [phone number]. We’re here to assist you with any questions or concerns you may have.