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Interest rates on retail loans are usually quoted on a reducing balance basis. Your actual rate depends on the lending partner's pricing policy, your credit profile, income, loan amount and tenure.\n\nNo marketplace can promise a rate. Rates shown on ShivLoans are indicative ranges published for comparison; the final rate is set solely by the lending partner.
Guides · 6 min read
Loan Interest Rates Explained
Fixed vs floating, reducing balance, and what actually drives your rate.
ShivLoans is a loan marketplace and does not itself provide loans. Loan offers are provided by RBI-registered lending partners and are subject to their eligibility criteria, credit assessment and terms.
Who Provides Your Loan?
ShivLoans does not provide, sanction or disburse loans. We operate as a digital marketplace that helps customers discover and connect with lending partners. Loan products available through the platform are offered by the respective lending partners, which may include RBI-registered banks/NBFCs or other regulated entities, subject to applicable requirements.
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