Frequently Asked Questions

Who is eligible to apply for a loan with Klinq?

To qualify for a loan with Klinq, you must meet the following criteria:
Employment: You must be a salaried professional.
Age: You must be between 21 to 55 years of age.
Monthly Income: Your minimum monthly take-home salary must be ₹50,000.
Credit Score: You must have a CIBIL score of 750 or above.

How long does the approval process take?

Klinq is designed for speed and efficiency, providing a near-instant automated profile setup. This is followed by a final verification step where our team reviews your details to ensure everything is in order. We prioritize a rapid turnaround so you can move from application to disbursal as quickly as possible; if any action is needed from your side, we’ll notify you immediately via your app dashboard to keep the process moving fast.

How much can I borrow and for how long with Klinq?

Minimum amount: ₹30,000 Maximum amount: ₹50,000 Tenure: Fixed at 3 months

What is the repayment schedule?

Klinq follows a fixed 3-month cycle where EMI 1 is due on Day 30, EMI 2 on Day 60, and EMI 3 on Day 90. If a due date falls on a Sunday, it is shifted to the next working day.

What is the Klinq Membership Program?

Every point you earn is worth ₹1, giving you a direct way to slash your costs. You can use your points to pay off your processing fees or even get a repayment discount on your interest! It’s our way of making your financial journey even more rewarding.

How does Klinq protect my data and privacy?

Klinq prioritizes "Security" through robust data protection and ethical practices. The app uses secure integrations like DigiLocker for identity verification and the Account Aggregator framework for bank verification to ensure your data is handled safely

Can I repay early or foreclose my personal loan?

Yes! Close at any time with zero foreclosure charges.

Do I need a high salary to apply for a personal loan?

You need to be a salaried professional with a CIBIL score above 750. No hefty salary threshold.

Can I check eligibility before applying for a personal loan?

Absolutely! Just enter your PAN & DOB to see where you stand.

Why do I need to use DigiLocker during registration?

We use DigiLocker for secure, paperless Aadhaar and PAN verification. This ensures your data is fetched directly from government sources, maintaining the highest level of security.

How quickly can I receive my funds once the loan is approved?

Klinq is built for "Speed" with a focus on instant decisions and disbursals. Once the final steps including eSign Agreement, and Auto-Pay registration are completed, the loan is disbursed

Can I pay off my Klinq loan early?

Yes, you can choose to foreclose or pay the full loan amount at any time, and there are no prepayment or foreclosure charges.

What happens if I miss an EMI payment?

Delayed payments incur a penal interest of 0.25% per day (7.5% per month) , Additionally, 100 points will be deducted, all reward points will lapse, and no points will be earned for the current loan cycle.

How do I earn and use my Klinq points?

Earning: You earn 500 points upon your first loan disbursal, 100 points for every on-time EMI, and 750 points upon completing your 5th loan. You also earn points for referrals (250 at registration, 500 at disbursal, and 500 for timely repayments).

Using: Points can be redeemed after your first loan is closed on time. They are credited to your account T+2 days after loan closure.

What’s the interest rate on personal loans and how is it charged?

Interest is calculated only for the days you use the loan amount, making your cost lighter over time.

How fast will I get approved and disbursed?

Apply in minutes! Many users see funds hit their account instantly after approval.

How can I earn Klinq Points?

Klinq Points are rewards. You can earn more Klinq Points—through on-time payments and referrals. Redeem anytime for benefits and discounts