Hello, how can we help?

Yes, absolutely. All our personal and emergency loans are 100% unsecured. You don't need to pledge property, vehicles, or any asset. Your income and CIBIL score are what matter most.

What this means for you:

• No property documents required
• No vehicle mortgage
• No jewelry or gold pledge
• No guarantor or co-signer needed
• Faster approval since there's no collateral evaluation

Real example: Rahul needed ₹2 Lakhs for his mother's emergency surgery. He didn't own property in Delhi, but had a stable job and decent CIBIL score. Pragati approved him in 3 hours without any collateral. The loan was disbursed within 24 hours.

We typically approve and disburse within 24 hours. Here's how fast it works:

• Digital application & document upload: 2 minutes — Use your phone to fill the form and upload PAN, Aadhaar, bank statement
• Verification & lender matching: 2–4 hours — Our system verifies your documents and matches you with the best lender from 50+
• Final approval: Same day — The lender reviews and approves based on your profile
• Cash transfer: Within 24 hours — Funds directly to your bank account

Why we're so fast: We skip the traditional bank queue model. Instead of waiting weeks for a single bank to process your application, we submit to multiple lenders simultaneously. The first one to approve gets your application.

Fastest approval ever: One customer got approved in 47 minutes for an emergency. That's rare, but it shows our potential.

Minimal documentation required:

• PAN Card: For income tax identification. Digital photo acceptable.
• Aadhaar Card: For KYC (Know Your Customer) verification. Both sides needed.
• Latest 3-month bank statement: Shows your regular income and spending patterns. Download from netbanking or mobile app.
• Salary slip or income proof:
  • If salaried: Latest salary slip (1-2 months old)
  • If self-employed: 3-6 months of bank statements showing regular income
  • If freelancer/gig worker: Invoice receipts + bank statements

All documents can be uploaded digitally. No branch visit needed. You can upload clear photos taken on your phone.

Document checklist:

• ✓ PAN Card (clear, readable)
• ✓ Aadhaar Card front & back
• ✓ Bank statement (last 3 months, PDF or image)
• ✓ Salary slip or income proof
• ✓ Recent passport-size photo (optional but helpful)

Real example: Priya is a freelance writer. She doesn't have salary slips, but her Pragati Loan application was approved based on 6 months of bank statements showing regular client payments. No collateral needed.

No, our initial inquiry is a soft inquiry and does not impact your CIBIL score. Let me explain the difference:

Soft Inquiry (What Pragati does first):

• No impact on your CIBIL score
• Only you can see it in your credit report
• Lenders cannot see this inquiry
• Used to pre-qualify you for loans

Hard Inquiry (When the lender formally processes):

• May create a small, temporary dip (5-10 points) in your CIBIL score
• Visible to all lenders in your credit report
• Score recovers within 3-6 months of on-time payments
• Multiple hard inquiries within 30 days typically count as one (so applying to multiple lenders together is fine)

Why CIBIL matters: CIBIL is a 3-digit score (300-900) that shows your creditworthiness. Lenders use it to decide approval and interest rates. Score above 750 = excellent approval odds.

How to maintain/improve CIBIL:

• Pay all EMIs and bills on time (most important — 35% of score)
• Keep credit utilization low (use less than 30% of credit card limit)
• Don't apply for multiple loans in a short time
• Keep your oldest credit account active (shows long credit history)

Yes, zero prepayment charges. You can repay the full amount anytime without any extra cost. This gives you flexibility to pay off your loan faster if your financial situation improves.

It depends on the type of business loan:

1. Working Capital Loans: NO collateral needed. These are unsecured loans designed to manage day-to-day operations. We approve based on:

• Business turnover (typically minimum ₹5-10L annual)
• 6-month bank statements showing healthy cash flow
• GST returns (if registered)
• Your personal CIBIL score

Best for: Retail stores, restaurants, trading businesses, service providers managing inventory and payroll.

2. Expansion & Growth Loans: NO collateral needed. These fund new branches, franchise expansion, or infrastructure upgrades. Requirements:

• Business plan showing growth potential
• Existing business turnover OR strong personal income
• Year-1 businesses eligible if they show consistent revenue

Best for: Opening second location, upgrading equipment, scaling franchise.

3. Equipment & Machinery Loans: Equipment acts as collateral. This actually helps you get:

• Lower interest rates (as low as 9.99% vs 10.99% for unsecured)
• Higher loan amounts
• Longer repayment tenure (up to 72 months)

The equipment financed becomes the security. If you default, the lender can repossess it (rare with Pragati customers).

Best for: Manufacturing units buying CNC machines, printing presses, heavy equipment. Retailers buying POS systems, refrigeration units.

Real example: Arjun's manufacturing unit needed a new CNC machine (₹12L). Pragati financed it with the machine as collateral. He got 9.99% interest and 60-month tenure. EMI came to ₹22,000/month—easily manageable from increased production capacity.

Yes! We approve based on business potential and cash flow, not just history. Year-1 businesses are eligible for expansion and growth loans if they show consistent revenue.

Standard business documents:

• PAN & GST certificate (if registered)
• 6-month bank statements
• ITR (last 2 years)
• ID proof & address proof

All digital uploads. Minimal hassle.

Absolutely. After 6–12 months of on-time repayment, you're eligible for a higher loan limit. Our team will guide you through the process.

We offer flexible repayment options aligned with your business cycle:

• Fixed EMI (most common)
• Step-up EMI (lower initial, higher later)
• Seasonal adjustments (for businesses with seasonal revenue)

No. Both education and wedding loans are unsecured. Your income and CIBIL score are what matter. No guarantor or co-signer required.

6 months after graduation. You start repaying 6 months after you complete your studies. This gives you time to secure a job and stabilize your income.

How it works:

• During studies: You pay NO EMI. Interest accrues but you don't have to pay monthly installments.
• 6 months post-graduation: You start making monthly EMI payments
• Repayment tenure: After moratorium ends, you repay over 12-60 months depending on loan amount

Real example: Priya took ₹6L for her MBA from Delhi to Boston in 2022. During her 2-year studies + 6-month moratorium = 2.5 years, she paid nothing. After graduation and landing a job, she started repaying ₹12,000/month for 60 months. The salary helped her manage EMI comfortably.

Interest during moratorium:

• Interest keeps accruing (you don't pay it monthly)
• It gets added to your principal for repayment calculation
• Or you can pay interest during studies to reduce final amount (optional)

What if I need more moratorium? Speak with your manager. For PG students or professional training, extended moratorium (12 months) may be possible.

Yes, you can. Your combined borrowing will be based on your income and CIBIL score. Talk to our team about your specific situation for details.

Education loans cover: College tuition, professional certifications (MBBS, CA, Law), abroad studies, hostel costs, books, equipment.

Wedding loans cover: Venue, catering, décor, outfits, jewelry, honeymoon.

Yes, absolutely. You can use the loan across multiple trips within your repayment period. Just ensure you repay on schedule.

Not mandatory for approval, but it helps us suggest the right loan amount. You can book flights and hotels after receiving the funds.

No problem. The loan is yours to use anytime. If you postpone your trip, you can travel whenever you're ready. The repayment schedule remains the same.

Yes, we offer flexible tenure options (12, 24, 36 months). Discuss with your dedicated manager after approval for tenure adjustments.

We compare 50+ lenders simultaneously. Instead of applying to one bank at a time (and facing rejection), we find the fastest-approving lender for your profile at the best rate—all at zero cost to you.

Our advisory service is always free. You pay only the lender's interest rate and processing fee—no hidden charges. We make money from partner lenders, not from you.

Yes, your data is secure. We use end-to-end encryption and share documents only with relevant lenders. Your data is never sold or shared with anyone else.

Yes, 100% mobile-friendly. Apply, upload documents, and track your application status entirely on your phone. WhatsApp support available 24/7.

Here's your journey:

• Within 2 hours: Documents verified, lender matched
• Within 4 hours: Loan approved
• Within 24 hours: Cash in your bank account
• Throughout: One dedicated manager handles your case