FAQs - Minemi

Frequently Asked Questions

Minemi is India’s leading loan marketplace designed to help users compare and choose the best loans. With our tools, you can check loan eligibility, calculate EMIs, and compare interest rates across multiple banks—all without impacting your credit score.

You can use Minemi’s loan eligibility checker. It provides personalized insights based on your income, credit score, and financial details. The tool uses a soft inquiry, ensuring your credit score remains unaffected.
Learn More: Check Loan Eligibility

Minemi helps users with multiple loan categories, including:
1) Personal Loans: For weddings, travel, medical emergencies, and more.
2)Home Loans: For property purchase, renovation, or top-ups.
3)Car Loans: For both new and used vehicles.
Learn More:Explore Loan Types

A balance transfer lets you shift your existing loan to another lender offering lower interest rates or better terms. This helps reduce EMIs and save on overall interest payments.
Learn More: Balance Transfer Details

Yes, personal loans can cover major expenses like wedding costs, honeymoon trips, or travel bookings. However, it’s advisable to opt for shorter repayment tenures and only borrow what you can comfortably repay.
Learn More:Wedding Loans Guide

Minemi’s comparison tools help you analyze interest rates, processing fees, and repayment terms across lenders. This ensures you find the most cost-effective loan for your needs.
Learn More: Compare Interest Rates
Learn More:Wedding Loans Guide

To increase your loan approval chances:
1. Maintain a high credit score (above 700).
2. Clear outstanding debts and lower your FOIR (Fixed Obligation to Income Ratio).
3. Opt for a co-applicant with a strong financial profile if needed.
Learn More:Loan Approval Tips
Learn More:Compare Interest Rates
Learn More: Wedding Loans Guide

The required documents include:
Proof of Identity (Aadhaar, PAN, Passport)

Address Proof (Utility Bills, Rent Agreement, Aadhaar)

Income Proof (Salary Slips, Bank Statements)

Employment Proof (Offer Letter, Work ID)

Approval timelines vary by lender but generally range between 24 and 72 hours for personal and car loans. Home loans may take longer due to property verification.
Learn More: Loan Processing Times

To protect yourself from loan fraud:

Verify the lender’s RBI registration.

Avoid sharing sensitive data like phone contacts or OTPs.

Read the terms and conditions thoroughly.