Work Loans., or the website https://workloans.in/ (together called the "Company") is not a lender and does not provide loans on its own. Information carried at website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. By submitting your query, you authorize WokLoans to share your information with lender(s) and consent for such lender(s) to pull your credit information report and call/ message you regarding your query. The outcome of your query or application is solely a matter between you and the lender(s).
The Company is, by no means, assuring as to the correctness of information, FAQ’s, graphics, images, text, and/ or various tools and calculators, including their result, displayed at this website or sent to the user by email or otherwise (together called “Information”). These are purely for indicative purposes and cannot be relied upon, either individually or together with any other information, by the user in any manner whatsoever.
The Company is an independent service provider and is not related to the government or any regulator or any credit information bureau in any way; it does not have the ability to influence the outcome of a case or query or loan application in any manner.
The Company is not guaranteeing or assuring a particular or favorable outcome.
The Company is not providing any legal or accounting or tax advice.
The Company shall have no liability whatsoever to the user for any direct, indirect or consequential losses, damages, costs, charges, expenses or otherwise, which the user or any third party may incur arising out of the use of the Information.
Any personal information, documents and credit data and/or technical and/or business and/ or commercial and/ or financial data provided by the user can be used by the Company and its agents without any obligation to the user and be shared with any regulatory or statutory body on their request. The Company is not liable to delete any such information from its servers or records.
This is to inform you that a Work Loans is not responsible for the approval or denial of your loan.
The bank or financial institution before approving a loan broadly check the following and approve or deny your loan:
CIBIL Score and Report: It is one of the most important factors that affect your loan approval. A good credit score and report is a positive indicator of your credit health.
Employment/ Business Status: Apart from a good credit history, lenders also check for your steady income and employment/ business status.
Account Details: Suit filed or written off cases is carefully examined by lenders.
Payment History: Lenders check for any default on payments or amount overdue cases, which might project a negative overview of your overall report.
EMI to Income Ratio: Banks also consider the proportion of your existing loans when compared to your salary/ income at the time of loan application. The chances of loan approval get reduced if your total EMI’s exceed your monthly salary/ income by 50%.
There are also, multiple other factors in addition which are considered in approval or denial of loan besides the above which the bank never discloses.
Finally, the fee associated with Balance Sheet, CMA Report, Net – Worth Statement, If applied for MSME Loans there is a Government Bank Fees alinged with it and any fees paid for MSME Loan is totally Non-Refundable, Udyog Adhar/ Shop & Establishment are all non – refundable, If applied for PMEGP loan there is no fees charged by Government but the the fees alinged is totally a Professional fees of Work Loans for filling the loan Application which is non-refundable in all the cases.
The Company gives the option to opt-out from receiving emails or messages at any time. Once you choose to opt-out, you won't receive any further communication from Work Loans.