Apply for a Loan
Eligibility: Only for salaried persons with minimum salary of 13,500 per month.
Loan Application
Loan Details
NEVER PAY IN CASH OR INTO ANYONE'S PERSONAL ACCOUNT
You are requested never to pay our representatives either in cash or in their personal accounts. We, being a digital loan, discourage any kind of payment in cash. You have several options to make payment. Call our representative who will guide you in this matter.
We will not be liable for any payment you may make in cash to our representative or into their personal account. This will not constitute as part of your repayment.
ALSO NEVER ENTERTAIN ANY DEMAND FOR COMMISSION BY ANY OF OUR REPRESENTATIVE, EITHER IN YOUR CITY OR IN HEAD OFFICE DELHI. IF SUCH DEMAND COMES PLEASE CALL AND REPORT THE MATTER DIRECTLY AT THIS NUMBER
Rates & Charges
- Minimum loan amount - Rs 50,000 /-
- Maximum loan amount - Rs 5,00,000 /-
- Tenure - 6 month to 60 month.
- Processing fee - 2% to 5% of loan amount.
Rates & Charges
- No pre - closure charges
- No prepayment charges
- ROI (Rate of interest) 1.16% Monthly
- APR (Annual Percentage Rate) @ 16% to 30%.
- Cheque bounce charges: Rs. 1000/-
How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high APR. But we have a fixed APR which is the same for all.
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a fixed APR 16% to 30 % per annum.
Documents Required & Eligibility Criteria
ELIGIBILITY CRITERIA
- Filled Loan Application
- Identification Proof (PAN Card/Aadhaar Card/Voter ID/Driving Licence/Passport)
- Residence Proof (Passport, Driving Licence, Voter ID, Postpaid/Landline Bill, Utility Bills (Electricity/Water/Gas)
- Bank Statements (6 Months Bank Statements)
- Income Documents (Last 3 months Salary Slips)
- Applicant must have worked in a company for at least 6 months
DOCUMENTS REQUIRED
- Indian citizen
- Employment - Salaried Employee
- Age - 18 years and above
- Savings Bank Account Holder
- CIBIL Score of 550 and above
- Consistent Monthly Income of Rs. 13,500/-
Monthly Payment Example
| Loan Amount | APR | Tenure | Processing Fees | Gst on Processing Fees | Amount Disbursed | EMI | Total Repayment Amount | Total Interest |
| Rs.50000 | 16% to 30% | 1-3 Months | Rs.4000-5000 | 18% | Rs. 45000 to 46000 | Rs. 20000 | Rs.60000 | Rs.10000 |