ActoLoan offers two main types of loans: One Time Loan and Regular Loan. Our One Time Loan is perfect for single, large expenses, while our Regular Loan provides ongoing financial support with flexible repayment options. Both loan types come with competitive interest rates and quick approval processes.

A One Time Loan is a single disbursement loan designed for one-time expenses such as medical emergencies, home renovations, or major purchases. A Regular Loan provides ongoing access to funds with flexible withdrawal options, making it ideal for recurring expenses or business needs. Both options have different eligibility criteria and repayment terms.

Interest rates at ActoLoan vary based on the loan type, amount, tenure, and your credit profile. We offer competitive rates that are tailored to your specific needs. Our rates are transparent and clearly communicated during the application process. Contact our team or use our loan calculator to get an estimate based on your requirements.

The loan application process at ActoLoan is simple and straightforward. First, click "Apply for Loan" and verify your phone number with OTP. Then, fill out the online application form with your personal and financial details. Our team will review your application and contact you within 24-48 hours. Once approved, funds are typically disbursed within 2-3 business days.

To apply for a loan with ActoLoan, you will need to provide: Aadhaar Card or PAN Card for identity proof, Address proof (utility bill, rental agreement, or bank statement), Income proof (salary slips, bank statements, or IT returns), Bank account details, and a recent passport-size photograph. All documents should be clear and valid.

The minimum loan amount at ActoLoan is ₹1,000 and the maximum loan amount can go up to ₹50,000 depending on your eligibility, credit score, and income. The actual loan amount approved will be determined based on our assessment of your repayment capacity and creditworthiness.

ActoLoan charges a processing fee of 10% of the loan amount. This fee is deducted from the loan amount at the time of disbursement. For example, if you are approved for a loan of ₹10,000, the processing fee of ₹1,000 will be deducted, and ₹9,000 will be credited to your account. The processing fee is non-refundable.

At ActoLoan, we strive to provide quick loan approvals. Once you submit your complete application with all required documents, our team reviews it within 24-48 hours. If approved, the loan amount is typically disbursed to your bank account within 2-3 business days. The exact timeline may vary based on document verification and bank processing times.

Loan repayment at ActoLoan is simple and convenient. Your EMI (Equated Monthly Installment) will be automatically debited from your registered bank account on the due date each month. You can also make manual payments through our website using the "Pay Now" option. We recommend ensuring sufficient balance in your account to avoid bounce charges.

Yes, you can prepay or foreclose your loan at any time without any prepayment charges. Early repayment helps you save on interest. To prepay your loan, simply contact our customer support team or use the "Pay Now" option on our website. There are no foreclosure charges or penalties for early repayment.

If you miss an EMI payment, ActoLoan charges a late payment fee of 2% per month on the overdue amount. Additionally, a bounce charge of ₹500 applies if the payment fails due to insufficient funds. Late payments may also negatively impact your credit score. We recommend contacting our customer support team if you anticipate payment difficulties to discuss alternative arrangements.

Yes, ActoLoan takes data security very seriously. We use SSL encryption for all data transmission, secure servers for data storage, and implement strict access controls. Your personal and financial information is protected according to industry standards. We never share your data with unauthorized third parties. Please refer to our Privacy Policy for detailed information on how we protect your data.

You can apply for a new loan only after completing repayment of your existing loan with ActoLoan. However, if you have a good repayment history and meet eligibility criteria, you may be eligible for a top-up loan or a new loan application. Each application is assessed individually based on your current financial situation and credit profile.

The loan tenure at ActoLoan ranges from 1 month to 12 months, depending on the loan type and amount. You can choose a repayment period that suits your financial situation. Longer tenures result in lower EMIs but higher total interest, while shorter tenures mean higher EMIs but lower total interest cost.

You can reach ActoLoan customer support through multiple channels: Email us at support@actoloan.com, Call our toll-free number 1800 ACTOLOAN, Visit our website and use the contact form, or reach out through our social media channels. Our customer support team is available to assist you with any queries or concerns regarding your loan application or account.