Find answers to common questions about loan applications
The approval process typically takes 7-10 working days for complete applications. However, Sharia-compliant financing may require additional time (2-3 days) for the Sharia Board review to ensure all transactions adhere to Islamic principles.
Required documents vary by product but generally include:
Identity proof (Aadhaar, PAN, Passport)
Address proof
Income documents (salary slips/bank statements)
Property documents (for home finance)
Business documents (for business finance)
Islamic financing is asset-backed and avoids interest (riba). Instead of charging interest, we use Sharia-compliant contracts like:
Musharaka (joint partnership)
Murabaha (cost-plus financing)
Ijara (leasing)
Profits are shared according to agreed ratios, and all investments are in halal businesses.
The reference number is required for online status checks. If you've lost it, please contact our customer support with your registered mobile number and other application details, and we'll assist you.
After Sharia-compliant approval:
You'll receive an approval letter with terms
For Musharaka products, we'll execute the joint ownership agreement
For Murabaha, we'll purchase the asset and prepare the sales contract
Funds will be disbursed according to the agreed structure
You'll receive a payment schedule based on profit-sharing or lease terms
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