Completely digital process you can get funds credited into your bank account on the same day of application for most of the customers. Maximum it shall take 5 days from the date of application.
No Security or Collateral required to avail personal loan. Your not required to mortgage your house or a valuable thing to avail funds.
Flexible repayment tenure - There are several factors that go into choosing which Personal Loan works for you. One of that is your capacity to repay the EMI amount. Your provided with an option to choose the repayment tenure ranging from 3 to 60 months to help match your repaying capacity for the loan.
Your eligibility depends on various factors, including a fixed monthly income, age, nature of employment, CIBIL score, professional experience, etc. Minimum eligibility for applying loan.
Borrower should be an Indian National.
Age – 18 to 60 Years
The minimum loan amount which can be availed is Rs. 3,000 and maximum loan amount is Rs. 10,00,000 subject to eligibility criteria. Your EMI should ideally not exceed 30% of your monthly pay.
Loan application process is completely Digital.
Some users may be asked to enter Aadhaar details or upload identity and address proof documents.
Loan application if approved shall be transferred to your account within 3-5 working days.
Most of the approved applications get disbursed on the same day.
Paying back your EMI dues on time is very important. Failing to pay back dues on time shall levy charges, impact your credit rating & you may face difficulties to avail credit in future. Charges shall be applicable as per lender policy.
The offers are applicable for successful loan disbursal of Rs.50,000 and above.
The loan application should be submitted on the same day.
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 APR of the loan is 14%. This means you will be paying back Rs. 1,14,000 at the end of the contracted tenure. APR at our platform starts from 10.99%. The Maximum Annual Percentage Rate (APR) on our platform is 49%
There are several factors that go into choosing which Personal Loan works for you. One of that is your capacity to repay the EMI amount. Your provided with an option to choose the repayment tenure ranging from 3 to 60 months to help match your repaying capacity for the loan.
Loan approval, eligibility, sanctioned amount, and applicable interest rates are subject to credit assessment and lender approval.
| Particulars | Details |
|---|---|
| Interest Rate | Starting from 16.75% p.a. |
| APR (Annual Percentage Rate) | 16.75% – 45% |
| Processing Fee | 3% – 3.5% of loan amount + applicable GST |
| Stamp Duty | 0.1% of loan amount |
| Foreclosure Charges | Free |
| Late Payment Charges | ₹500 or 3% of overdue amount (whichever is higher) |
| Bounced Payment Charges | ₹500 per bounce |
| Mandate Rejection Charges | ₹250 + applicable GST |
| Particulars | Value |
|---|---|
| Loan Amount | ₹5,00,000 |
| Loan Tenure | 3 Years (36 Months) |
| Interest Rate | 20% p.a. (Reducing Balance) |
| Processing Fee | 3% + GST + Stamp Duty |
| Total Processing Charges | ₹18,200 |
| Monthly EMI | ₹18,582 |
| Total Repayment Amount | ₹6,68,952 |
| Total Interest Payable | ₹1,68,944 |
| Total Cost of Loan | ₹1,87,144 |
*The above example is for illustrative purposes only. Actual loan terms, APR, EMI, repayment amount, and applicable charges may vary depending on customer eligibility, lender policies, credit assessment, applicable taxes, and final approval terms.
Customers are advised to carefully review the sanction letter, loan agreement, key fact statement, and applicable terms and conditions before availing any financial product.