Faq's

Its good to ask questions

AnyTimeLoan.in (ATL) is India’s most trusted peer-to-peer (P2P) lending platform. It connects borrowers seeking quick, unsecured loans 24*7 with lenders like individuals, banks, and financial institutions. We are also one of the first P2P platforms in India to include banks as lending partners. This unique feature allows us to offer fast, convenient, and cost-effective loan options entirely online to a wide range of borrowers in India.

We use our own proprietary algorithm based on applicant digital footprints (Social, Financial, Psychometric, etc) to evaluate applicants’ 360-degree fitment (internal criteria) and is powered by Robotics, Artificial Intelligence, Data Science, and Machine Learning tools. We use Science and Art, backed by its Robot, called LOBOT; that evaluates online applications in a 100% paperless, contactless, real-time environment. Thereby extending instant loan outcomes without any physical documents, collateral, or guarantor.

* Loans Sole Discretion of AnyTimeLoan.in & Subject to no change in material fact

Yes. We understand the nuances of today’s uncertain life challenges and therefore has developed its proprietary algorithm; to assess one credit worthiness

We believe in "One Time Membership, Lifetime no Hardships". You just need to complete our application and upload /share the requested documents and information. Once your membership is approved and the credit limit is assigned to you, you can avail INSTANT loan 24x7 without any further documents/collateral / Guarantor (unless there is any change in material fact) for a lifetime, just 1 click & loan gets disbursed as quick as 1 minute to your designated bank account.

We are committed to getting you a loan as quickly as 2 minutes, from anywhere (India) & at any time.

It is an auto-process by our LOBOT as per the below events.

  • Silver: Minimum 12 months and no default + Minimum 2 loans should be successfully closed. If you default on any loan the cycle will restart from that date again.
  • Gold: Minimum 12 months as Gold Member + Minimum 2 loans should be successfully closed. If you default on any loan your membership gets degraded to silver again.
  • Platinum: Once your Gold Membership is successful as above, you are now a Platinum Member and can enjoy maximum benefits for a lifetime subject to you successfully closing a minimum of 2 loans in a year. If you default on any loan your membership gets degraded to Gold again.

We encourage IMPS / NEFT / UPI only to designated Escrow Repayment Account (stated below). Repayment of EMIs is however collected with Auto Debit (eNACH) on specific date from borrower designated bank account

Name: Luharia Technologies Pvt Ltd Repayment Escrow Account

Bank: IDFC First Bank Ltd

Account Number: 10302600999

IFSC: IDFB0040101

Yes. You have hit the bull's eye! If you have a good financial track record that also meets our eligibility criteria, you can expect a loan from our partner / FIs at a lower interest rate.

Yes. You have hit the bull's eye! If you have a good financial track record that also meets our eligibility criteria, you can expect a loan from our partner / FIs at a lower interest rate.

No. Your friends or family will not be held liable to pay the loan amount that you have chosen or not chosen to transfer a part of your money to your friends/family. Only you're responsible for paying back including any processing fees, interest, or late charges that apply.

We seek your Aadhaar number with your consent in the event wherein you have opted for eNACH services and the same is requested by NPCI for activating your mandate. We will not store or save any related information in our environment.

We follow a Credit Assessment Methodology to understand the risk of default from a borrower. For this purpose, we require the borrower's income and bank statements for a financial, social, and personal background check.

Various factors considered by our fully automated credit evaluation mechanism are:

  • Stability is based on the nature of the borrower’s residence, length of stay at the same address, length of employment in the same organization, and other such details.
  • Financial Ability to study the borrower’s income & expenditure behavior.
  • Intention by analyzing the past repayment behavior of the borrower toward his/her financial liabilities. Delayed repayments in past financial transactions reduce the chances of loan approval.
  • Banking Habit includes parameters such as average monthly balance, cheque bounce, etc.,.
  • Verification at different levels to get first-hand information from the borrowers, documents submitted by borrowers, or forgery using state-of-the art technology.
  • ATL Rule Engine is an in-house proprietary algorithm, that assigns different weights to all the above factors to compute a score that helps determine the interest rate, loan tenure and amount at which the borrower’s loan request can be listed on the platform to secure funding from the lenders

NO

Yes. As a responsible and RBI regulated entity, we are required & committed to updating such details with Credit Bureaus.

Yes, you can pre-pay / foreclose your loan account on any bank working day before noon and there are no prepayment/foreclosure charges for Personal / Education loans at. However, a minimum of 2% of the outstanding principal amount is added as penal charges for MSME loans towards pre-payment / foreclosure charges.