Everything worth asking before you borrow — including the questions whose answers usually arrive late.
Three groups, arranged in the order you will meet them: what we are, what it costs, and what happens next.
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No. BlueMoney is a brand operated by BLUEORBIT IT & MARKETING SOLUTIONS PRIVATE LIMITED, which acts as a Lending Service Provider (LSP). We are the interface you use to reach an RBI-registered lending partner. We cannot sanction a loan, set your rate, or accept deposits. The partner whose details appear in your agreement makes the credit decision.
No. Pricing a loan in the calculator, or entering your details to see an indicative offer, does not create a credit enquiry. A bureau enquiry is made only when you submit a full application to the lending partner.
Personal loans run from ₹25,000 to ₹5,00,000; business loans from ₹1,00,000 to ₹15,00,000; and the revolving credit line from ₹10,000 to ₹2,00,000. The amount you are actually offered depends on the partner’s credit assessment of your income and obligations.
Identity and address proof, PAN, bank statements covering the last three to six months, and income proof — salary slips for salaried applicants, or ITR and business banking records for self-employed applicants. The exact list is confirmed by the lending partner.
A one-page disclosure issued before you sign, required under the RBI’s Digital Lending Guidelines. It sets out the sanctioned amount, the annualised rate, every charge, the total cost of credit, the cooling-off period and how recovery would work. It is the binding document; this website is only indicative.
Starting rates are 1.25% per month for salaried personal loans, 1.40% for self-employed business loans, and 1.50% for the credit line, on a reducing balance. Your final rate is set by the lending partner and disclosed in your Key Fact Statement.
A flat rate charges interest on the original principal for the whole tenure, so the effective cost is far higher than the quoted number suggests. A reducing balance charges interest only on the outstanding principal, so the cost falls each month. BlueMoney quotes reducing-balance rates.
Up to 3% of the sanctioned amount, deducted at disbursal. GST at 18% applies to the fee. Interest itself is not subject to GST.
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r the monthly rate and n the number of instalments. Our calculator shows the resulting schedule month by month.
Through a NACH or UPI AutoPay mandate set up at disbursal, debited on a fixed date each month. You can change the bank account linked to the mandate by informing the lending partner.
Yes. Closing the loan early reduces the interest you would otherwise pay. A foreclosure charge of up to 4% of the outstanding principal may apply, depending on the terms in your agreement and its cooling-off provisions.
A penal charge of up to 2% per month may apply on the overdue amount only — not on the whole balance — plus up to ₹500 if the mandate bounces. It is recoverable only on the overdue portion, and it is worth contacting the partner before the due date if you anticipate a problem.
The processing fee and GST are deducted from the sanctioned amount at disbursal, so the amount credited is lower than the sanctioned amount, while the EMI is computed on the full principal. The calculator shows this as the net disbursal figure.
Personal loans and credit lines are typically disbursed the same working day once verification is complete. Business loans generally take one to three working days because they involve a closer look at business banking records.
No. None of our three products require collateral or a guarantor. They are unsecured, which is reflected in the pricing.
It reaches our team and, with your consent, the lending partner. Someone will call you during business hours to confirm what you need and to tell you which documents to have ready. Nothing is submitted to a bureau at this stage.
Yes. Under the RBI Digital Lending Guidelines you may exit the loan within a defined window after disbursal by repaying the principal and the proportionate interest, without a foreclosure charge. The exact window is stated in your Key Fact Statement.
Data is transmitted over encrypted connections, access is limited to staff and partners who need it to process your application, and it is retained only as long as required by law. Read the detail on our privacy policy page.
Write to our Grievance Redressal Officer with your application reference. We acknowledge within 48 hours. If the matter is not resolved to your satisfaction you can escalate to the lending partner and then to the RBI Ombudsman. The full escalation ladder is on the grievance page.
Some questions are better answered on a call — particularly the ones about your own income, obligations and eligibility. Nothing you say creates a credit enquiry.
No credit enquiry is created by submitting this form.
