FAQs for Omozing
Is Omozing a Registered NBFC?
Yes, Omozing powered by Aparampaar Finance, is a RBI Registered NBFC, providing personal loans upto Rs. 25 lakhs for CIBIL starting 600.
Is Omozing an instant/ payday loan app?
No, we are a Registered NBFC who does various TERM loans for CIBIL starting at 600. Our interest rate starts from 1% p.m. and turn around time is between a few hours and a couple of days depending on the complexity of the case.
What is the interest rate charged on Omozing loans? Is this a low interest rate personal loan?
Omozing powered by Aparampaar Finance, is a Registered NBFC, that provides loans at a reasonable interest rate starting from 1% p.m. (Flat Rate).
Does Omozing apply any hidden charges?
No, Omozing does not apply any hidden charges. Omozing has a transparent contract. The sanction letter mentions every charge in it.
How many days does it take to process the loan?
The process takes around a couple of hours to a couple of days time before the disbursement of the loan. Depending on the complication of the case the days can increase or decrease.
My CIBIL is 612. Can I still apply for a loan from Omozing?
Yes, you can get loan with a CIBIL of 612 from Omozing. We have done hundreds of cases with lower CIBIL. Omozing uses its own unique algorithm to process loan applications. Individuals with relatively lower credit scores starting from 600 can also avail personal loans from Omozing.
I am a contractor/consultant. Can I get a loan from Omozing?
Yes, at Omozing we do loans for contractor/consultants. We generally ask for stable income proof and Income Tax Returns (ITR/26AS).
Even after covid I'm still working from home. Can I get a loan from Omozing?
Yes, you can get loan even if you work from home! You will be required to submit your address proof and stable income proof for substantiate income.
Does Omozing provide any program that helps to improve credit score?
Yes, Omozing specializes in Credit Score Improvement. We have a Credit Score Improvement program where our credit experts analyze your credit report and provide you a customized plan to improve your credit score.
How much amount of loan can I borrow from Omozing loans?
With our multiple loan options available, you can now opt to borrow personal loans starting as low as Rs. 30,000 to a maximum of Rs. 25,00,000 with a repayment period of 1-3 years.