NBFCs cannot accept demand deposits.

1. NBFCs do not form part of the payment and settlement system and cannot issue checks drawn on themselves.
2. surance facility of the Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks.

XpressLoan is a financial technology solution from Comero Leasing and Financials Private Limited that enables young salaried individuals to access short-term personal loans using a convenient website. The process is streamlined and requires minimal paperwork, with only a salary slip, bank statement, PAN card, and proof of address needed to be uploaded through the app. The loan disbursal is quick, with the money being transferred to the borrower's bank account in a matter of minutes.

It is important to note that the requirements for a personal loan can vary based on the lender and the type of loan. The requirements you have mentioned are specific to XpressLoan and may not apply to other lenders. It's always advisable to check with the lender directly or visit their website to confirm the specific requirements for a personal loan with them.

It's important to note that the loan amount you can borrow, and the repayment period can vary based on the lender and the type of loan. The information you have mentioned is specific to XpressLoan and may not apply to other lenders. It's always advisable to check with the lender directly or visit their website to confirm the specific loan amount and repayment period for a personal loan with them.

It's also worth noting that the loan amount you qualify for will depend on your creditworthiness, income, debt-to-income ratio, and other factors considered by the lender.

Here's the list of documents that are typically required for a personal loan application from XpressLoan.

• Photo Identity Proof: PAN Card
• Latest salary slip
• Aadhaar Card
• Permanent Address Proof: Any one of the following: Passport, Driving Licence, Voter's Identity Card, or Utility Bills (e.g., Electric/landline phone bill, gas bill) that are not more than 2 months old
• If the current address is different from the permanent address, then additionally: a utility bill (e.g., an electric or landline phone bill or a gas bill) of the current address that is not more than 2 months old, Leave and Licence Agreement/Rent Agreement
• The latest statement of your Bank account shows your salary credit.

We accept payments only through NEFT, IMPS/UPI/CHEQUES methods. To make a payment, please visit https://www.xpressloan.in/repay-loan.

Please be sure to verify the accuracy of the above information before making any transfer. If you require any further assistance, please reach out to info@xpressloan.in.

Yes, if it is necessary, you can make changes to your loan request.

The lender extends you the loan through the XpressLoan website because they have confidence in your creditworthiness and ability to repay the loan. However, if you default on the loan despite this trust, the lender will be forced to make your default status public on XpressLoan website, their own website, and even your social media accounts. Additionally, the lender will take necessary recovery actions and inform CIBIL and other credit rating agencies.

When a borrower fails to repay the entire loan amount, including interest, within the specified time frame, including any extensions, from the date of loan disbursement, it is considered a default. If you do not make the repayment within the given time frame, you will be labelled as a defaulter with XpressLoan and will be unable to take another loan from XpressLoan.

Yes, you have the option to repay your loan prior to the due date and avoid accruing additional daily interest.