Pay on EMI to merchants - through a convenient, digital process - at attractive interest rates.
✔ Fill Online Application -> get Tentative Approval or Rejection
✔ Email / WhatsApp Docs (Identity, Address & Income Proofs) -> get Approval (Approved Amount, Tenure & Interest Rates)
✔ Verification & Paperless Agreement
✔ Payment Authorization & Disbursement!
Yes, the loan is disbursed by a RBI regulated Bank or NBFC, who has partnered with Boro to provide this loan.
We evaluate many parameters, the most important of which are -
✔ Credit History - type & vintage of loan accounts, re-payments with days past due, high sanctioned amount, etc.
✔ Ability to Pay - income & fixed monthly obligations (existing EMIs + expenditure)
You should still go ahead & check your terms available from Boro. If you get rates better than those from your top-up or personal loan, why should you miss out? Moreover, you can opt out of the process any time, without any obligation whatsoever.