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FAQ
Frequently Asked Questions
“Answers to your common questions, all in one place.”
FundKonnect acts as a loan aggregator rather than a direct lender. It partners with RBI registered lenders. The approval decision for loans is entirely at the discretion of these lenders. FundKonnect facilitates the application process and connects borrowers with potential lenders, but the final decision and terms of the loan are determined by the lending institutions.
It’s important to review the app’s privacy policy and terms of service to understand how your personal information is handled. If you have concerns about data privacy, you can reach out to the app’s customer support team for clarification.
When you apply for a loan through FundKonnect, it’s considered a soft inquiry, which means it won’t affect your credit score. We prioritize transparency and ensure that our users can explore loan options without worrying about negative impacts on their creditworthiness.
If your loan application doesn’t get approved, don’t worry. You can explore other loan lending platforms available on the app to increase your chances of getting a loan.
If you haven’t received a response after applying for a loan multiple times, it’s best to reach out to the customer support team of the app. They can provide information about the status of your application and assist you further.