| Consumer Durable Loans | No Cost EMI | 0% Interest on Easy EMI
Simply For Homes
A member of The Manipal Group

Frequently Asked Questions

General Query

SimplyForHomes is a member of Manipal group and a marketplace where you find best merchants and financing options to renovate your beautiful home.
SimplyForHomes provides Home improvement loans through its partner Banks at affordable prices which can be used within our reputed Merchant network. To apply the loan, fill in the loan application form at our portal and within 2-3 days your application will be processed and the status will be communicated to you.
SimplyForHomes also provides Home Loans in selected areas.
Yes you can apply for one Home Loan and one Home Improvement Loan at the same time.
Yes, you can apply provided you give a proof of your permanent address.
No, you don't need to have a Bank account in our partner Bank to avail the loan.
Generally, SimplyForHomes will process your application within 24 hrs. and it takes 2-3 business days for the Bank to approve your loan.
No, you don't have to provide any kind of collateral/security for the Home Improvement loan but for Home loan you will have to provide collateral.
Currently, we accept applications from Salaried people as well as Self-Employed Professionals.

Customer Query

Once the loan is sanctioned, you will receive a line of credit which will be reflected in your SimplyForHomes account, which you can use at the Merchant's outlet in our network.
SimplyForHomes will take a small processing fee of 2% + GST. The Bank will not take any separate processing fees.
Yes, The Bank can reject your loan application because of multiple reasons like poor credit score, payment history or invalid documents.
For a given loan once approved, the credit line is fixed. However at the end of the loan tenure you can apply for a new loan and get additional credit.
You can check all your transactions, requests, credit line in your SimplyForHomes account.
Yes, there is a time period associated with each loan and it varies according to the loan product. You need to re-verify your credentials every time you apply for a new loan.

Payments Query

You can purchase for any amount max up to your available credit limit at Merchant's outlet.
Merchant request for payment can be instantly approved by you over the app/portal. Merchant would receive the funds within 3-4 working days from date of approval.
If the loan is availed in Month 1 before the 20th of the month, the first EMI will start on the 5th of Month 3. If the loan is availed in Month 1 after the 20th of the month, the first EMI will start on the 5th of Month 4.
Yes, you can repay back the loan before the agreed time period subject to bank's term and conditions.
Depending on the loan product, Bank may or may not charge any penalty.
Your account will be termed as delinquent, and can affect your credit score and available credit limit.
You can go to SimplyForHomes account to see when your next payment due is.

Merchants Query

No, you can't use this loan amount outside our merchant network.
We onboard Merchants who have good reputation and who can easily cater to the needs of the customer in a better way.
Generally, Our Merchants are reliable and doesn't happen within our Merchant network. In case of any dispute, you may directly contact the Merchant.
Follow the simple steps at Merchant outlet-Ask the Merchant to generate request by giving your customer ID>>Accept the request in your app/website>> Enter the OTP received on your registered mobile number>>Confirm the payment.
Customers need to make at least partial use of the loan in the first 30-45 days.