Question 1

Is 100 Club legal / is this a registered service?

Accepted Answer

OverPaidEMI and 100 Club operate under ZeroFeeLoans as a borrower-awareness and facilitation initiative. We are not a bank or NBFC. Final loan terms depend on lender policy and your eligibility.

Question 2

How is this different from going to my bank directly?

Accepted Answer

One borrower calling for a rate cut is easy to ignore. A verified group of eligible borrowers representing meaningful loan volume is harder to ignore. You still review the bank's formal offer before deciding.

Question 3

What if I don't get a better rate — do I owe anything?

Accepted Answer

No. There is no upfront fee. If no suitable offer is issued or you decline it, you owe nothing. We earn only when a successful takeover is disbursed.

Question 4

What happens to my personal and loan data?

Accepted Answer

Calculator inputs stay on your device. If you apply, we store only what you share for eligibility review and callback. See our Privacy Policy for retention and deletion rights.

Question 5

Can I exit after applying?

Accepted Answer

Yes. You can exit at any stage before accepting a bank offer. No penalty, no obligation, and no pressure to proceed.

Question 6

Will my current bank find out I'm applying elsewhere?

Accepted Answer

A balance transfer or takeover involves lender checks as part of the normal process. We explain each step before you proceed so you can decide comfortably.

Question 7

What documents do I need to apply?

Accepted Answer

Typically: identity proof, address proof, income documents, existing loan statement, and property documents. Exact requirements depend on the lender and your profile.

Question 8

How long does the process take from joining to disbursal?

Accepted Answer

Batch review and bank negotiation usually take a few weeks after the monthly cutoff. Disbursal timelines vary by lender, documentation, and property verification.

Question 9

Is my loan eligible if it's with an NBFC, not a bank?

Accepted Answer

Many NBFC and HFC home loans may be eligible after screening. Share your lender name during application and we will confirm fit before batch placement.

Question 10

What's the catch — how does 100 Club make money?

Accepted Answer

We earn a referral fee from the lending bank only after a successful takeover is disbursed. No disbursement means no fee to you and no fee from you to us.

Question 11

I have a top-up loan — does that complicate things?

Accepted Answer

Top-up and home loan advantage variants may be eligible after review. Share your loan structure during application so we can assess before batch admission.

Question 12

What's the minimum loan amount or tenure to qualify?

Accepted Answer

Eligibility depends on outstanding balance, repayment track record, credit profile, and lender policy. There is no fixed public minimum — we review each application individually.

Question 13

Why do not all enrolled members receive an offer?

Accepted Answer

Recent batches show 53–64 offers issued per ~92–100 enrolled members. Offers depend on credit profile, documentation, lender policy, and current pricing — not every profile fits every batch cycle.

India's Group
Home Loan Rate Club

Who Qualifies

How It Works

Apply for Membership

3-Month Track Record

What a sanction letter looks like

100 Club FAQ

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India's GroupHome Loan Rate Club