Frequently Asked Questions
Here are some of the most common questions that our customers ask. If you can’t find the answer you’re looking for, please feel free to reach out to us directly.
What types of loans do you offer?
We offer Personal Loans, Consumer Loans, Auto Loans, and Education Loans. Each loan type is designed
to meet different financial needs.
How do I apply for a loan?
Download the Loan Baumen App:
To apply for a loan, first download the Loan Baumen app from the Google Play Store.
Create an Account: Open the app and create a new account using your email address and phone number. If you already have an account, simply log in.
Fill Out the Application Form: Complete the loan application by providing basic information such as your personal details, employment status, and financial information.
Upload Required Documents: Upload the necessary documents like your Aadhaar card, PAN card, bank statements, and proof of income for verification.
Get Instant Approval: Once your application is submitted, it will be reviewed. You will get instant approval based on your eligibility.
Loan Disbursal: Upon approval, the loan amount will be transferred directly to your bank account. This process can take as little as a few hours, depending on the loan type.
Start Repaying: You can easily track your loan and repayment schedule through the app.
Create an Account: Open the app and create a new account using your email address and phone number. If you already have an account, simply log in.
Fill Out the Application Form: Complete the loan application by providing basic information such as your personal details, employment status, and financial information.
Upload Required Documents: Upload the necessary documents like your Aadhaar card, PAN card, bank statements, and proof of income for verification.
Get Instant Approval: Once your application is submitted, it will be reviewed. You will get instant approval based on your eligibility.
Loan Disbursal: Upon approval, the loan amount will be transferred directly to your bank account. This process can take as little as a few hours, depending on the loan type.
Start Repaying: You can easily track your loan and repayment schedule through the app.
What documents do I need to apply for a loan?
Required documents include an Aadhaar Card, PAN Card, bank statements (last 3 months), and proof of
income. Additional documents may be required depending on the loan type.
How quickly can I get my loan approved?
Loan approval times vary, but in most cases, personal and consumer loans are approved within a few
hours. Auto and education loans may take a bit longer due to additional verification processes.
Can I prepay my loan?
Yes, you can prepay your loan at any time without any penalty, although we may have a small
processing fee depending on the loan terms.