How it works

Your loan journey,
step by step

From application to disbursal — here is exactly what happens at each stage, and how we protect your credit score throughout.

Why this matters
Traditional way
Visit 5 banks. Each one pulls your credit report. 5 hard inquiries show up on your CIBIL. Your score drops. Future loan applications get harder.
Comparaloan way
One application. One soft check (invisible to CIBIL). 5+ lenders see your redacted profile and compete for your business. Hard checks only for lenders you select.
01edit_note

Submit your requirement

Tell us the loan type, amount, and tenure you need. Takes under 2 minutes.

Your information is saved securely and never shared without your consent.
02person

Complete your profile

Share your employment details, income, and entity type so we can match you with the right lenders.

03shield

One-time soft credit check

We pull your credit report using a soft inquiry. This does NOT appear on your CIBIL report and has zero impact on your score.

Traditional approach: each bank does its own hard check. 5 banks = 5 hard checks = lower CIBIL score.
04visibility_off

Redacted report sent to lenders

Your financial data — income, liabilities, repayment history, credit score — is shared with our lending partners. Your name, address, PAN, and phone number are NOT shared.

Lenders evaluate your financial profile without knowing who you are.
05local_offer

Receive tentative offers

Multiple lenders compete to offer you the best rates based on your financial profile. You see interest rates, maximum amounts, tenure, and estimated EMIs — all side by side.

06checklist

Select your top 2-3 lenders

Compare the tentative offers and choose up to 3 lenders you want final offers from. Only your selected lenders will run a hard credit check.

This is the only point where hard checks happen — and only for lenders YOU choose.
07verified

Receive final confirmed offers

Your selected lenders run their checks and return binding offers with confirmed interest rates, sanctioned amounts, and terms.

08upload_file

Accept and upload documents

Choose the best final offer. Your selected lender will request documents — ITR, bank statements, ID proof, etc. Upload them directly through the platform.

09celebration

Loan disbursed

Once your documents are approved, the loan is sanctioned and disbursed. The entire process tracked on your dashboard.

Ready to start?

The entire process takes minutes to start, and your credit score stays safe throughout.

Apply Now
Comparaloan is a loan marketplace operated by Allumer Fintech Private Limited (CIN: U66190PN2025PTC240927). We are not a lender. Interest rates and terms are determined by lending partners.