RBI Registered NBFC

Short Term Personal Loan

Short Term Personal Loan

Eligibility

  • Indian resident salaried individuals.
  • Age: 21 to 55 years.
  • Minimum Monthly Salary: ₹15,000.
  • Valid PAN and Aadhaar.
  • Active salary bank account in the applicant's name with regular salary credits.

Features

  • Loan Amount: ₹5,000 to ₹50,000
  • Tenure: 10 to 45 Days
  • Interest Rate: Up to 1% per day
  • Annual Percentage Rate (APR): As disclosed in the Key Fact Statement (KFS) before loan acceptance
  • 100% Paperless & Digital Loan
  • No physical documentation required
  • Completely online application and approval process
  • Digital KYC and Aadhaar-based e-Sign
  • Quick approval and disbursement
  • Direct credit to your bank account
  • Easy repayment through UPI AutoPay / e-NACH

Required Documents

  • Valid PAN Card
  • Valid Aadhaar Card
  • Aadhaar-linked mobile number
  • Active Salary bank account in your name
  • Employment and salary details

Any additional information or documents, if required during the verification process

Disclaimer: Loan approval is subject to the Company's internal credit assessment, eligibility criteria, and verification. As this is a short-term credit product, the applicable interest rate and Annual Percentage Rate (APR) may be comparatively higher than those of longer-tenure loan products. The applicable interest rate, APR, processing fee, applicable GST, loan tenure, and other charges may vary depending on the sanctioned loan amount, loan tenure, and applicable product terms. The applicable APR and all loan-related charges will be disclosed in the Key Fact Statement (KFS) before loan acceptance. Customers are advised to carefully read the KFS and Loan Agreement before accepting the loan. Terms and Conditions apply..

Example

  • Per day Interest Rate:  1%
  • Offered Annual Percentage Rate (APR): 365%
  • Tenure/Repayment Period:  10 to 45 days
  • Minimum-Maximum Loan Amount: INR 5,000 - 5,00,000
  • Processing Fee: 10%
  • GST on Processing Fee (Exclusive):  18%
Amount Per day Interest Rate Tenure (Days) Processing Fee GST on Processing Fee Amount Disbursed Total Interest Total Repayment Amount
10,000 1% 45 1,000 180 8,820 4,500 14,500

This Fee is only Applicable when borrowers repay bill overdue. For example, if you have overdue on Principle, then customer to pay additional 0.09% per day of Delay Charges in Repayment of Loan.

The interest rates and processing fees varies according to the risk profile of Customers.

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