Browse through the most frequently asked questions
LPiTM or Loan Probability Index is a score, generated using our proprietary data science tool, which lets you know the ‘probability’ or ‘chances’ of getting the kind of loan you want. We then use this score to connect you with lender partners where your chances of getting this loan are the highest.
Credit Scores, published by Credit Bureaus in India, while referred to by banks are not the only decisioning factor. Banks consider several other aspects of your profile as well while arriving at a decision. Therefore, a good credit score does not automatically guarantee an approval and a bad credit score doesn’t mean an automatic rejection.
LPiTM takes a look at your profile the way a lender does – which is why its more appropriate and holistic indicator of your loan chances..
Currently LPiTM can be calculated for the following categories of housing loans:
We can assess LPi for Salaried, Self Employed Professionals and Business Owners
LPiTM assessment is free of charge.
Please keep the following information / documents readily available as you begin the application process:
Our platform simulates a lender’s loan application and requires information relevant for determining your LPiTM Some of the details asked are not mandatory, however a more comprehensive application will lead to a more accurate LPiTM.
Credit Report verification is an important part of understanding your credit worthiness. Although not mandatory, performing the verification will lead to a more accurate LPiTM.
We have partnered with CRIF High Mark (www.crifhighmark.com) for credit report analysis.
After evaluating your profile ValuCircles determines your loan eligibility and the LPiTM for the eligible loan. Valucircles grades your LPiTM into 5 categories from Poor to Excellent for ease of understanding. The better the LPiTM the higher the chances of securing the loan you are eligible for.
Once we evaluate your profile and determine eligibility and LPiTM we then match your requirements with offers from our lending partners to give you offers. If none of our partners have an offer for you we will review your profile offline and get back to you.
Once you view your offers, you can review these and proceed further by clicking the ‘initiate’ button. It is then that we share your profile details with the selected lenders for further processing of the application and you can expect the lender to contact you. You can also track the progress on our site and reach out to us for any additional help.
You need to be sure of all your information before you submit the same. Once you click on the ‘initiate’ button – your details are shared with our lender partners and you can no longer make any modifications. You can however, submit further information to our lending partner when they contact you.