Q: Who are the loan partners of Yocket Finance?
A: Yocket Finance collaborates with various loan partners, including NBFCs, Indian banks, and international lenders.
Q: What types of loans does Yocket Finance offer?
A: Yocket Finance provides both collateral and non-collateral loans to borrowers.
Q: What is Yocket Finance's refer and earn program?
A: Yocket Finance's refer and earn program allows users to earn rewards by referring their friends to Yocket Finance and getting them to avail financial support.
Q: How much can I earn through Yocket Finance's refer and earn program?
A: You can earn up to ₹3,000 through Yocket Finance's refer and earn program.
Q: What do I need to do to participate in Yocket Finance's refer and earn program?
A: To participate, simply copy your referral link and share it with your friends.
Q: How do I share my referral link with a friend?
A: You can share your referral link with your friends through various channels like social media, email, or messaging apps.
Q: What reward will I receive for each successful referral through Yocket Finance's refer and earn program?
A: For each successful referral, you will receive ₹1500 worth of coupons.
Q: How many friends can I refer through Yocket Finance's refer and earn program?
A: You can refer as many friends as you want through Yocket Finance's refer and earn program.
Q: Is there a limit to how much I can earn through Yocket Finance's refer and earn program?
A: There is no limit to how much you can earn through Yocket Finance's refer and earn program.
Q: What reward will my friend receive for getting financial support from Yocket Finance through my referral?
A: Your friend will receive ₹1500 worth of coupons after getting financial support from Yocket Finance.
Q: Are there any terms and conditions to participate in Yocket Finance's refer and earn program?
A: Yes, some terms and conditions apply. For example, your referral is only eligible if they have not submitted documents to Yocket Finance already, and they must avail a loan from Yocket Finance.
Q: Is my referral eligible if my friend has already submitted documents to Yocket Finance?
A: No, your referral is only eligible if your friend has not already submitted documents to Yocket Finance.
Q: Is my referral only eligible if my friend avails a loan from Yocket Finance?
A: Yes, your referral is only eligible if your friend avails a loan from Yocket Finance.
Q: When will I be eligible to receive the referral reward through Yocket Finance's refer and earn program?
A: You will be eligible to receive the referral reward only when your friend has paid Loan PF.
Q: In what form will I receive the referral reward from Yocket Finance?
A: The referral reward will be given to you in the form of a coupon or gift voucher.
Q: Can Yocket Finance disqualify my referral for any reason?
A: Yes, Yocket Finance is eligible to disqualify your referral if any issues are found with the referred profile.
Q: Can I refer a friend who is already a customer of Yocket Finance?
A: No, you cannot refer a friend who is already a customer of Yocket Finance for the purpose of the refer and earn program.
Q: What is the maximum loan amount offered by Yocket Finance?
A: Yocket Finance offers a maximum loan amount of 70 Lakhs for NBFCs and international lenders, and 50 Lakhs for Indian banks.
Q: What are the interest rates charged by Yocket Finance?
A: The interest rates for loans through Yocket Finance range from 8 - 10% for NBFCs, 8 - 12% for Indian banks, and 11 - 16% for international lenders.
Q: Is there a processing fee for loans through Yocket Finance?
A: Yocket Finance does not charge any processing fee for loan applications.
Q: How long does it take for Yocket Finance to sanction a loan?
A: Yocket Finance typically sanctions loans within 72 hours of the application submission.
Q: Why should I apply with multiple lenders through Yocket Finance?
A: Applying with multiple lenders via Yocket Finance allows you to receive multiple loan offers, compare them, and select the best one without impacting your credit score.
Q: What are the advantages of applying with multiple lenders through Yocket Finance?
A: Applying with multiple lenders enhances your chances of loan approval, reduces the risk of rejection, and gives you more negotiation power.
Q: Does Yocket Finance provide backup options for loans?
A: Yes, Yocket Finance ensures that you have backup options considering the current market conditions and limited VISA slots.
Q: How can applying with multiple lenders increase negotiation power?
A: Applying with multiple lenders through Yocket Finance increases your negotiation power in securing the best loan terms.
Q: What is the process of applying for a loan with Yocket Finance?
A: Applying for an education loan with Yocket Finance is simple and free. Fill in your preferences on the platform, receive an offer, avail the offer, and upload the required documents. You will receive loan sanction within a week.
Q: How long does Yocket Finance take to log in my file with lenders?
A: Once you have completed your application on the Yocket Finance platform and uploaded all the required documents, Yocket Finance will log in your file with three lenders within 24 hours.
Q: Can I apply for a loan with Yocket Finance without a co-applicant?
A: Yes, Yocket Finance allows you to apply with lenders who do not require a co-applicant. You can avail the offer and upload the required documents, even if you don't have a co-applicant.
Q: Are non-collateral and private lenders trustworthy through Yocket Finance?
A: Yes, non-collateral private and international lenders offered through Yocket Finance are trustworthy. They offer better loan amounts at lower interest rates and are diligently registered and regulated by governing bodies.
Q: How is the loan amount calculated by Yocket Finance?
A: The loan amount provided by Yocket Finance is calculated based on factors such as loan type, university rank, aptitude score, STEM/non-STEM program, and English score.
