Features
Easy
Application
No Paperwork
Seamless
Experience
everything happens in just few swipes
Flexible Repayment Options
Choose between
6, 9, 12 and 18 EMIs
Instant
Transfer
Loan to Bank account in minutes
Information Required
- Identity Proof (PAN)
- Address Proof (Masked Aadhaar / Officially Valid Documents (OVDs)
- Personal Details
- Bank Details
Employment Details
- Company Name
- Monthly Salary
- Official Email ID
Eligibility Criteria
- Citizen Of India
- Above 21 years of Age
- Minimum monthly income of Rs 15,000/-
Loan Facility
We provide a loan up to Rs 2,00,000/-. The loan limit is decided based on your credit profile/history, income, and other factors. Once customer’s loan is approved, they can transfer the required amount to their bank account as a personal loan. This borrowed amount can be repaid in 6, 9, 12 or 18 EMIs.
Fees, Interest and Charges
Processing Fees:
Processing Fee means charges levied by the financing partner to the Customer against the processing of loan, which the Customer will pay to the Lender for each transaction initiated by the customer. Processing fees ranges from 2% to 6% based on the customer’s risk profile.
Interest:
Financing Partner shall charge interest on the outstanding loan amounts calculated at the Rate of Interest displayed at the time of availing the loan. Rate of Interest ranges from 18% to 36% per annum based on the customer risk profile. The Rate of Interest on the Loan will be charged to loan account, unless specified otherwise, on a monthly basis and payable by the Customer (in case of closure of individual Loan account, on the date of such closure).
Default Penal Interest:
In the event of delay by the Customer in repaying any of the EMI, the Customer will pay the financing partner, a Penal Interest at the rate of 36% per annum on the amount of sum overdue, from the due date of instalment and shall be payable as Penal interest and will continue till full and final payment of the unpaid amount.
Delayed Payment Charges:
In addition to Default Penal Interest, Customer shall be liable to Delayed Payment Charges on the overdue amount as per below-defined slabs:
| Lower Range Amount | Higher Range Amount | Delayed Payment Charges per day |
|---|---|---|
| ₹ 0 | ₹ 500 | NIL |
| ₹ 501 | ₹ 5000 | ₹ 12 |
| ₹ 5001 | ₹ 15000 | ₹ 24 |
| ₹ 15001 | ₹ 25000 | ₹ 36 |
| Greater than ₹ 25,000 | – | ₹ 48 |
Pre-payment Charges:
NIL prepayment charges.
