What is Personal loan?

Personal Loan is an unsecured loan that aims to help you with your financial needs. Here, you don’t need to pledge any security while availing loan & we provides you with the flexibility to use the funds as per your need.

We make it possible by making user go through user-friendly set of 5 simple steps which require very basic & minimal documentation.

What is Business loan?

A business loan is an unsecured form of credit designed to cover various expenditures in a business. Borrowers need not mortgage any asset to avail funds.

Business loans help your small business grow, allowing you to invest in infrastructure, operations, and plant and machinery. Moreover, business loans can also be a veritable medium of maintaining Business for critical business operations. Customized business loans are a new category of business loans which are tailored to meet the specific needs of a new age business or startup. These loans offer your enterprise the opportunity to scale and give it the competitive edge necessary for success in today’s world.

What is the minimum and maximum loan amount offered?

After verifying all the documents and approval, the minimum and maximum amount depend on what the banking partners are willing to offer.

Does FDMS Capital gives loan all over India ?

Yes, it’s a PAN India service. You can avail loanby sitting at anyplace in India through FDMS Capital.

Is CIBIL score, amandatefor availing loan via FDMS Capital?

No, a CIBIL score isn’t mandatory to avail loan via FDMS Capital.

What are the Pre-requisites of Personal loan or Business Loan?

To apply for Personal loan, customer:
• Should be an Indian citizen.
• Should be above 18 years old.
• Should have valid e-mail address and a mobile number.
• Should have a valid id proof like Pan card, Voter ID Card.
• Should have a valid residential address proof Aadhaar Card, Passport, Driving Lisence.
• Should have a Personal Bank Account with an access to Net Banking.

Will I be eligible if I am not able to produce obligatory documents proposed?

As per our company’s policy, possessing at least one of the mentioned documents is mandatory, to apply for our Personal loan.

Can an existing customer Re-apply for a Personal loan or Business Loan?

Yes, one can re-apply for a Personal loan or Business Loan, however, it is subject to conditions depending on the applicant’s credit history.

What is the interest rate on the loan offered at FDMS Capital?

The interest rate is based on various factors such as loan amount, tenure, credit score, etc. and may vary for different customers.

What is the time taken for Loan Sanction and Loan Disbursement?

As it is an online process, provisional approval of the loan application depends on our business partners.

Will you recieve any verification call from the company?

No, you wil not recieve any verification call from us. All the process is online and the verification process is handled automatically by the backend team.

How to apply for Personal loan and Business loan at FDMS Capital?

Follow these simple steps to apply for a Personal loan or Business Loan.
• Register with us on our webpage www.fdmscapital.org.
• Complete the application process by going through 5 simple steps which includes uploaing your id proof, residential proof, filling out Personal Details, Loan Details & Bank Details.
• After applying you get the Loan Approval. • Sign your application on our Website and your process is complete.

What should be the format of the document that should be uploaded?

The documents can be uploaded in JPEG, JPEG, PDF and PNG formats. There's no size limit for the files to be uploaded.

How to pay EMI after Loan Approval?

You can pay your EMI by logging on to the official website of FDMS Capital: www.fdmscapital.org

o Visit www.fdmscapital.org and click on 'PAY EMI' button.
o Fill the required loan details and enter monthly instalment.
o Choose a debit card or net banking option to make your payment.
o Enter transaction password or OTP sent to your registered mobile number, to complete the transaction.
o Save the receipt for future use. Kindly check your E-mail and SMS for payment confirmation.

Is there any loan pre-closure charges?

No, there is no loan pre-closure charges as in other banks.

Can the Loan Amount and Tenure be selected manually?

Yes, the loan amount and tenure can be selected manually. However, the loan amount and tenure selection eligibility is subject to conditions.

Who can login to customer portal?

Only a user who had sign up as a customer can only login to customer poratl.

Who can login to DSA portal?

Only a user who had sign up as a DSA user can only login to customer poratl.

Can a customer login to DSA Portal?

No, a customer can not login to DSA Portal.

Can a DSA user login to customer Portal?

No, a DSA user can not login to customer Portal.

What is an OTP?

OTP stands forOne-Time Password for registration onto the portal.It serves as your login-password to login into the portal.

What if the OTP is not received on the Mobile?

It is advisable to wait for OTP for a minute. If you still don't receive it, and then click on re-send button.

What needs to be done if someone leaves their loan application mid-way?

If that happens, you can come back & complete your Loan Application within 7 days from the time you started.

Will the Loan Amount be disbursed 7 days a week?

The Loan Amount will be disbursed on all working days.

When would the Loan Repayment start?

The Repayment date would start from the next month from the time loan was issued.

How much Repayment (EMI)do I have to pay every month?

You will pay the repayment in form of EMI which have been calculated in the EMI calculator while applying for the loan.

Can I Re-pay complete loan amount before the time decided?

Yes. The process of early re-payment is applicable after 6 months.

How can You contact the customer support?

You can contact our customer support through the contact form or you can mail us your enquiry at contact@fdmscapital.org . All your enquires will be replied as soon as possible

What is the APR of loan on FDMS Capital?

The APR of loan on FDMS Capital is 7% which calculating formula is
APR = [2 x Number of Payments per Year x Total Finance Charges] / [Original Loan Proceeds x Total Number of Payments + 1]

The example of Loan total cost loan and Applicable fee

Suppose Repaymet for 1 Year,
The Loan Amount is 10,000, Interest Rate is 6% p.a, and Loan Period is 1 Year. Then the total repayment amount after 1 year is 10,000 + 600(6% ROI) = Rs 10,600

Suppose Repaymet for 10 Year,
The Loan Amount is 10,000, Interest Rate is 6% p.a, and Loan Period is 10 Year. Then the total repayment amount after 10 year is 10,000 + 6000(6% ROI x 10 years) = Rs 16,000