Quidprime is a digital financial marketplace that helps borrowers reduce the interest on their existing loans and credit card dues by connecting them with suitable lending partners for balance transfer offers.

No. Quidprime is a technology platform that connects eligible borrowers with lending partners. The final approval, loan amount, interest rate, and disbursal are determined solely by the lender.

Currently, Quidprime helps customers with:

• Personal Loan Balance Transfer
• Home Loan Balance Transfer
• Business Loan Balance Transfer
• Credit Card Balance Transfer
• Balance Transfer with Top-up (where eligible)

A balance transfer may help you:

• Reduce your monthly EMI
• Get a lower interest rate
• Save on total interest payable
• Avail additional funds through a top-up loan (subject to eligibility)

An interest rate of a loan is defined as the percentage charged on the principal amount given by the lender to the borrower. The Annual Percentage Rate (APR) is a method of computing the annualized cost of credit, which includes both the interest rate and any processing fees associated with the loan. APR indicates the actual cost of borrowing money and is expressed as a percentage.

For example, if you apply for a Personal Loan of Rs. 1,00,000 with an interest rate of 12%, tenure of 12 months, and processing fee of Rs. 1000, the loan's APR is 14%. This means you will pay back Rs. 1,14,000 at the end of the contracted tenure.

Using Quidprime to check your eligibility and available offers is free. Any processing fee or other charges, if applicable, are determined by the lender and will be disclosed before loan processing.