How To Place a Request for Quote on

If you’re looking to get a better interest rate on your home loan, personal loan, car loan(new or second-hand car), business loan or a Loan Against Property, all you need to do is, login to Gullakh and place Request For Quote(RFQ).

At Gullakh we aim to offer our consumers convenience, empowerment, and transparency. Gullakh aims to create a competitive tension by having a number of lenders bidding live and transparently, directly back to your mobile device.

Gullakh is a marketplace for good profile consumers having an Equifax credit score above 650 to connect with our panel of lenders to get the best rate on loans.

By logging on to you can start a Reverse Auction and achieve the same competitive tension as you would have in meeting six or seven banks. You can do it on your mobile phone, in the convenience of your lounge room or on the metro ride to work.

Steps to start a Reverse Auction

  • Grab your smartphone, tablet, laptop or computer and open
  • Bookmark for convenience when returning to your Reverse Auction dashboard.
  • Click ‘Request For Quote’ on the homepage to start the three-minute loan application process.
  • Enter the details for the loan amount including how much you need to borrow and how long you would like to pay it off.
  • Enter your personal details including your full name, email address, mobile number, PAN, gender and date of birth.
  • Enter your employment details including your occupation, where you work, monthly salary and EMIs being paid currently.
  • Enter where you live and the pin code of the area of residence.
    Gullakh will then check your credit score, which is obtained through Equifax India. Equifax is a leading credit bureau in India.
  • If you have a credit score above 650, a steady income and a good work-profile you will be ready to place your request for Reverse Auction at
  • We make sure you get the best rates within one working day from the time of placing your request.
  • Once the bidding starts you can sit back and watch as lenders bid with their best interest rates to win your business.
  • Lenders cannot see your name, full address, full date of birth, email or phone number. We are really strict on privacy as we’re not a lead generator for the lenders.
  • Your contact details are not provided to the lender until you have declared a winner on your dashboard.
  • The lenders do receive a masked profile including employment, your occupation, your employer, your salary, your age, your postcode, and your credit score. This is done so as to make them offer good consumers the best possible interest rate and terms on loan.
  • You can exit the gullakh website and return to check the progress by logging in to your account to see your offers. You can end the process at any time if you are happy with a offered rate and terms.
  • Once the process has ended there’s a 24-hour window to declare a winner.
  • The lender will then make contact with you within 24 hours to further discuss this home loan rate and start the login process of your loan application.

And that is how you start Reverse Auction at The profile input process will only take 3 minutes and all your details are confidential. The lender will receive a masked profile that will not identify individual users. The lenders have no contact details so you don’t have to deal with pushy sales people or intermediaries. Say good bye to unwanted phone calls and spam emails.

Want to learn more about how Gullakh provides a convenient and transparent digital marketplace for loan in India? Click here