Personal & Business Loans · Guide

Can You Check Loan Eligibility Without Hurting Your Credit Score?

Yes, and it's important to understand the difference before you start applying.

Soft enquiry vs hard enquiry

When you check your eligibility or compare loan offers, that's a "soft enquiry" — it doesn't affect your credit score at all, no matter how many times you check. A "hard enquiry" only happens when you formally submit a loan application to a specific lender, and that's what gets recorded on your credit report.

Why this matters

Many people avoid checking loan options because they're worried it'll hurt their score — so they either apply blindly to one lender, or skip checking altogether. Both are bad approaches. Comparing your eligibility across multiple lenders first, without any credit impact, means you only end up applying to the one that's actually right for you.

How Jindhan handles this

You can check your eligibility and compare offers from multiple lending partners upfront — this is a soft check. Only when you choose an offer and submit your full application does that lender run a hard enquiry, and only for that one lender, not all of them.