{"id":3296,"date":"2022-10-05T21:01:31","date_gmt":"2022-10-05T21:01:31","guid":{"rendered":"https:\/\/monedowebsite-azewfgcrdtcqfbar.centralindia-01.azurewebsites.net\/?page_id=3296"},"modified":"2024-09-27T16:15:04","modified_gmt":"2024-09-27T10:45:04","slug":"faq","status":"publish","type":"page","link":"https:\/\/monedo.in\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3296\" class=\"elementor elementor-3296\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34d6ddc4 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"34d6ddc4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;shape_divider_bottom&quot;:&quot;waves&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M421.9,6.5c22.6-2.5,51.5,0.4,75.5,5.3c23.6,4.9,70.9,23.5,100.5,35.7c75.8,32.2,133.7,44.5,192.6,49.7\n\tc23.6,2.1,48.7,3.5,103.4-2.5c54.7-6,106.2-25.6,106.2-25.6V0H0v30.3c0,0,72,32.6,158.4,30.5c39.2-0.7,92.8-6.7,134-22.4\n\tc21.2-8.1,52.2-18.2,79.7-24.2C399.3,7.9,411.6,7.5,421.9,6.5z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38c67c02\" data-id=\"38c67c02\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65295cea elementor-widget elementor-widget-heading\" data-id=\"65295cea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d33eb0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d33eb0e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52d1e581\" data-id=\"52d1e581\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27635553 elementor-widget elementor-widget-heading\" data-id=\"27635553\" data-element_type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.5&quot;,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Products<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-36484e8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36484e8f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-20057995\" data-id=\"20057995\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e618a42 elementor-widget elementor-widget-banca_accordion\" data-id=\"e618a42\" data-element_type=\"widget\" data-widget_type=\"banca_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"faq-widget-2 shadow-lg\">\r\n\t<div class=\"accordion\" id=\"accordione618a42\">\r\n\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.1s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading21\">\r\n\t\t\t\t\t<h6 class=\"mb-0 \" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse21\" aria-expanded=\"false\" aria-controls=\"collapse21\">\r\n\t\t\t\t\t\tWhat are the products offered by Monedo?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse21\" class=\"collapse show\" aria-labelledby=\"heading21\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Monedo Financial Services is a prominent lender in Consumer Durable Finance, Healthcare financing, Electric Vehicle Financing &amp;<br \/>Personal Loans. For more details on the products, please refer to the <strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.3s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading22\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse22\" aria-expanded=\"true\" aria-controls=\"collapse22\">\r\n\t\t\t\t\t\tDo I need to provide any security or collateral or guarantors?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse22\" class=\"collapse\" aria-labelledby=\"heading22\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>There is no security \/collateral required unless the purpose of the loan is for the purchase of an Electric Vehicle. For more details on the products, please refer to the <strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.5s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading23\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse23\" aria-expanded=\"true\" aria-controls=\"collapse23\">\r\n\t\t\t\t\t\tHow is the loan eligibility assessed?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse23\" class=\"collapse\" aria-labelledby=\"heading23\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>The loan eligibility of the applicant is assessed based on internal guidelines and processes of Monedo, as amended from time to time. As per the extant requirement, the borrower will be required to submit the mandatory documents for CKYC validation, Current address proof (other than Aadhaar card). Additional specific documents if any will be as per the Loan Product selected by the borrower. For more details on the products, please refer to the <strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.7s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading24\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse24\" aria-expanded=\"true\" aria-controls=\"collapse24\">\r\n\t\t\t\t\t\tWhat is the minimum and maximum amount of loan offered by Monedo?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse24\" class=\"collapse\" aria-labelledby=\"heading24\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>The minimum and maximum loan amount is specific to the Product the borrower wishes to avail. For more details on the products, please refer to the <strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.9s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading25\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse25\" aria-expanded=\"true\" aria-controls=\"collapse25\">\r\n\t\t\t\t\t\tWhat is the tenure of a loan with Monedo?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse25\" class=\"collapse\" aria-labelledby=\"heading25\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p><span class=\"vc_tta-title-text\">The tenure of a loan with Monedo is specific to the Product the borrower wishes to avail. For more details on the products, please refer to the <strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/span><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.1s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading26\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse26\" aria-expanded=\"true\" aria-controls=\"collapse26\">\r\n\t\t\t\t\t\tWhat cities \/ states do we serve?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse26\" class=\"collapse\" aria-labelledby=\"heading26\" data-bs-parent=\"#accordione618a42\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>We are currently present across 6 States Maharashtra, Delhi, Gujarat, Karnataka, Haryana &amp; Chhattisgarh with the mentioned LSP's, Please refer to the List of <a href=\"https:\/\/monedo.in\/lending-service-providers\/\"><strong>LSP's<\/strong><\/a> for more details.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5707f6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5707f6a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a235cc2\" data-id=\"a235cc2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4330076 elementor-widget elementor-widget-heading\" data-id=\"4330076\" data-element_type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.5&quot;,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Documents<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-09fb6bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"09fb6bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-f106457\" data-id=\"f106457\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6badc0f elementor-widget elementor-widget-banca_accordion\" data-id=\"6badc0f\" data-element_type=\"widget\" data-widget_type=\"banca_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"faq-widget-2 shadow-lg\">\r\n\t<div class=\"accordion\" id=\"accordion6badc0f\">\r\n\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.1s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading11\">\r\n\t\t\t\t\t<h6 class=\"mb-0 \" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse11\" aria-expanded=\"false\" aria-controls=\"collapse11\">\r\n\t\t\t\t\t\tWhat are the mandatory documents required to apply for a Loan with Monedo?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse11\" class=\"collapse show\" aria-labelledby=\"heading11\" data-bs-parent=\"#accordion6badc0f\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>The mandatory documents and eligibility for each product is available on the <span class=\"vc_tta-title-text\"><strong><a href=\"https:\/\/monedo.in\/consumer-finance\/\">Products page.<\/a><\/strong><\/span><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f1312a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f1312a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6bd75c5\" data-id=\"6bd75c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb92859 elementor-widget elementor-widget-heading\" data-id=\"fb92859\" data-element_type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.5&quot;,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Repayment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3906f95 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3906f95\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5726992\" data-id=\"5726992\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d53bf77 elementor-widget elementor-widget-banca_accordion\" data-id=\"d53bf77\" data-element_type=\"widget\" data-widget_type=\"banca_accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"faq-widget-2 shadow-lg\">\r\n\t<div class=\"accordion\" id=\"accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.1s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading21\">\r\n\t\t\t\t\t<h6 class=\"mb-0 \" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse21\" aria-expanded=\"false\" aria-controls=\"collapse21\">\r\n\t\t\t\t\t\tWhat are the options to repay a loan at Monedo?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse21\" class=\"collapse show\" aria-labelledby=\"heading21\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>You can repay the loan in Equated Monthly Instalments (EMIs) using the NACH facility. Repayment of Loans at Monedo, are executed via Direct Debits scheduled on the due dates. Customers may also repay their loans via the permissible modes of payment under UPI.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.3s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading22\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse22\" aria-expanded=\"true\" aria-controls=\"collapse22\">\r\n\t\t\t\t\t\tWhat is the down payment on my loan?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse22\" class=\"collapse\" aria-labelledby=\"heading22\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Down payment is the upfront payment you make at the time of your Loan Application. For example: In case of financing for a Consumer Durable, where the loan amount is Rs.50,000 and 10% being the down payment that is i.e.Rs.5,000 will be the upfront payment paid by the customer. Down payment usually varies depending on the Product and Credit worthiness of the Customer paid to the LSP. Please refer <a href=\"https:\/\/monedo.in\/lending-service-providers\/\"><strong>here<\/strong><\/a> for the list of our LSP's.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.5s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading23\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse23\" aria-expanded=\"true\" aria-controls=\"collapse23\">\r\n\t\t\t\t\t\tIs there a charge for a prepayment?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse23\" class=\"collapse\" aria-labelledby=\"heading23\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Foreclosure\/ Prepayment charges are specific to the product the borrower has availed. Please refer to the <a href=\"https:\/\/monedo.in\/consumer-finance\/\"><strong>Products page<\/strong><\/a> for more details.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.7s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading24\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse24\" aria-expanded=\"true\" aria-controls=\"collapse24\">\r\n\t\t\t\t\t\tCan I make a payment in advance for my EMI?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse24\" class=\"collapse\" aria-labelledby=\"heading24\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Monedo encourages customers to pay their Monthly dues by NACH clearance to maintain a good Bureau score. For advance payment, transactions can be made through permissible modes of payment under UPI. Monedo never encourages customers to pay in cash. In case of any queries, please reach out to us on 022-68173341 or at <a href=\"mailto:care@monedo.in\"><strong>care@monedo.in<\/strong><\/a>.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"0.9s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading25\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse25\" aria-expanded=\"true\" aria-controls=\"collapse25\">\r\n\t\t\t\t\t\tAre there any hidden charges\/ fees?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse25\" class=\"collapse\" aria-labelledby=\"heading25\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>No charges\/ fees are charged by Monedo before disbursement of the loan amount. Any individual claiming otherwise should not be entertained. Do not pay any upfront charges in Cash. In case of any such incidents, please report on <strong>022-68173341<\/strong> or at <strong><a href=\"mailto:care@monedo.in\">care@monedo.in<\/a>.<\/strong><\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.1s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading26\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse26\" aria-expanded=\"true\" aria-controls=\"collapse26\">\r\n\t\t\t\t\t\tWhat will be the due date every month?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse26\" class=\"collapse\" aria-labelledby=\"heading26\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>The due date for repayments is the 05th of every month except for our Healthcare Product where the repayment is in the form of a Bullet.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.3s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading27\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse27\" aria-expanded=\"true\" aria-controls=\"collapse27\">\r\n\t\t\t\t\t\tWhat is NACH and why is it mandatory for the loan?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse27\" class=\"collapse\" aria-labelledby=\"heading27\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p class=\"p1\">NACH is a service offered by NPCI \u2013 National Payments Corporation of India to Financial Institutions, Banks, Corporate and Government, this facility aids the direct debit of the stipulated EMI from the customer\u2019s registered bank account to the lender. This cannot be done without the authorisation of the borrower\/customer.<\/p>\n<p class=\"p1\">OR<\/p>\n<ul class=\"ul1\">\n<li class=\"li2\">A NACH authorization is a mandatory requirement for the loan to save you the hassle to pay the EMI manually and prevent delinquencies.<\/li>\n<li class=\"li2\">NACH is the new word for ECS (it stands for \u201cNational Automated Clearing House\u201d which is the way banks move money around in India).<\/li>\n<li class=\"li2\">NACH \/ ECS is a mandate from you, telling your bank to make regular monthly payments on your behalf.<\/li>\n<li class=\"li2\">Once setup, it is an easy automatic, way to make your EMI re-payments, giving you peace of mind every month.<\/li>\n<\/ul>\n<div class=\"cp-dialog-popup\">\n<div class=\"cp-dialog-popup-content\">\n<div class=\"title-con\">\u00a0<\/div>\n<\/div>\n<\/div>\n<div class=\"ocrext-element ocrext-mask\" style=\"left: 0px;top: 0px;width: 100%;height: 100%;z-index: 2147483644\">\n<div class=\"ocrext-overlay-corner ocrext-corner-tl\" style=\"top: 0px;left: 0px;width: 0px;height: 0px\">\u00a0<\/div>\n<div class=\"ocrext-overlay-corner ocrext-corner-tr\" style=\"top: 0px;left: 0px;width: 0px;height: 0px\">\u00a0<\/div>\n<div class=\"ocrext-overlay-corner ocrext-corner-br\" style=\"top: 0px;left: 0px;width: 0px;height: 0px\">\u00a0<\/div>\n<div class=\"ocrext-overlay-corner ocrext-corner-bl\" style=\"top: 0px;left: 0px;width: 0px;height: 0px\">\u00a0<\/div>\n<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.5s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading28\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse28\" aria-expanded=\"true\" aria-controls=\"collapse28\">\r\n\t\t\t\t\t\tWhat is the procedure to Cancel my loan?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse28\" class=\"collapse\" aria-labelledby=\"heading28\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Cancellation of Loan can take place within 3 days as cooling off period from the disbursement date and post that will be considered as a Foreclosure.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.7s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading29\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse29\" aria-expanded=\"true\" aria-controls=\"collapse29\">\r\n\t\t\t\t\t\tWhat is the procedure to cancel NACH\/ECS ?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse29\" class=\"collapse\" aria-labelledby=\"heading29\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>You can request a cancellation of NACH\/ECS by mailing us at care@monedo.in or call us at 022-68173341 from Monday to Friday<br \/>between 10:00 AM to 07:00 PM.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"single-widget-one wow fadeInUp\" data-wow-delay=\"1.9s\">\r\n\t\t\t\t<div class=\"faq-header\" id=\"heading210\">\r\n\t\t\t\t\t<h6 class=\"mb-0 collapsed\" data-bs-toggle=\"collapse\" data-bs-target=\"#collapse210\" aria-expanded=\"true\" aria-controls=\"collapse210\">\r\n\t\t\t\t\t\tHow much time will it take to cancel my NACH\/ECS?\t\t\t\t\t\t<i class=\"icon_plus\"><\/i>\r\n\t\t\t\t\t\t<i class=\"icon_close\"><\/i>\r\n\t\t\t\t\t<\/h6>\r\n\t\t\t\t<\/div>\r\n                \t\t\t\t<div id=\"collapse210\" class=\"collapse\" aria-labelledby=\"heading210\" data-bs-parent=\"#accordiond53bf77\">\r\n\t\t\t\t\t<div class=\"faq-body\">\r\n\t\t\t\t\t\t<p>Once you submit the request, NACH\/ ECS cancellation will take 4-5 working days.<\/p>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Frequently Asked Questions Products What are the products offered by Monedo? Monedo Financial Services is a prominent lender in Consumer Durable Finance, Healthcare financing, Electric Vehicle Financing &amp;Personal Loans. For more details on the products, please refer to the Products page. Do I need to provide any security or collateral or guarantors? There is no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-3296","page","type-page","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/pages\/3296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/comments?post=3296"}],"version-history":[{"count":106,"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/pages\/3296\/revisions"}],"predecessor-version":[{"id":6462,"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/pages\/3296\/revisions\/6462"}],"wp:attachment":[{"href":"https:\/\/monedo.in\/wp-json\/wp\/v2\/media?parent=3296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}