I took out myAlpha Quick Loan while it offered free borrower insurance. Do I still have my insurance?
Yes. Since you took out the loan while the offer was standing, you continue to have free borrower insurance that covers the repayment of your personal loan until you are 67 years old.
What documents do I need to apply for loan pre-approval online?
If you are a salaried employee:
Last 2 income tax return forms
Copy of monthly payslip
Pension slip, if applicable
ENFIA (Single Property Tax) certificate if you own property
E9 form marked as “no property” if you do not own any property
If you are a freelance professional:
Last 2 income tax return forms
Copies of E3 forms for the last 2 years
ENFIA (Single Property Tax) certificate if you own property
E9 form marked as “no property” if you do not own any property
If I get the loan pre-approval, do I also have to take out the loan?
No. The loan pre-approval is valid for 45 days. You are not bound to take out the loan if you change your mind.
Can I change any loan details after I’ve gotten the loan pre-approval?
Yes. However, depending on the changes, you may have to submit a new loan pre-approval application. Contact the branch of your choice to get detailed information.