Regulatory & Borrower Knowledge Base
Frequently Asked Questions
Clear, transparent answers on loan eligibility, interest computation, processing fees, documentation requirements, and RBI-mandated digital lending standards.
A personal loan is an unsecured credit facility provided by RBI-registered banks and NBFCs without requiring any physical collateral. Indian citizens aged 21–58 years with a minimum verifiable monthly income of ₹15,000 to ₹25,000 and a credit score above 650 are generally eligible.
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Registered Entity:
CoverMantra Services Private Limited
CIN: U46109DL2024PTC438732
CoverMantra Services Private Limited
CIN: U46109DL2024PTC438732
Regulatory Oversight:
Operating strictly under RBI Digital Lending Directions (2022) as a Lending Service Provider (LSP).
Operating strictly under RBI Digital Lending Directions (2022) as a Lending Service Provider (LSP).
Data Protection:
ISO 27001 & 256-bit TLS encrypted. Zero upfront processing fees collected from consumers.
ISO 27001 & 256-bit TLS encrypted. Zero upfront processing fees collected from consumers.