RBI Registered NBFC

Short Term Personal Loan

Short Term Personal Loan

Eligibility

  • Are an Indian resident salaried individual.
  • Earn a minimum monthly salary of ₹30,000 (based on regular salary credits in your bank account).
  • Have a valid PAN Card and Aadhaar Card.
  • Maintain an active salary bank account in your name.
  • Meet the Company's internal credit assessment, verification, and eligibility criteria.

Features

  • Loan Amount: ₹5,000 to ₹1,00,000
  • Loan Tenure: 7 to 45 Days
  • Interest Rate: Up to 1% per day
  • Processing Fee: Up to 10% of the sanctioned loan amount (plus applicable GST)
  • Annual Percentage Rate (APR): Disclosed in the Key Fact Statement (KFS) before loan acceptance
  • 100% Digital & Paperless Process
  • No Physical Documentation Required
  • Completely Online Application & Approval
  • Digital KYC and Aadhaar-based e-Sign
  • Quick Approval & Loan 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
  • Employment & 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 Rate of Interest (ROI) up to 365% per annum
  • Annual Percentage Rate (APR) up to 600% per annum
  • Tenure/Repayment Period: 7 to 45 days
  • Minimum-Maximum Loan Amount: INR 5,000 - 1,00,000
  • Processing Fee: Up to 10% of the sanctioned loan amount
  • 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 above fee and interest is applicable when borrowers repays dues/ loan amount on time (on or before the due date) without any overdue. If borrower delays repayment and has overdue, then borrower need to pay same interest @ 1% per day of delayed period on overdue amount for repayment of loan.

Delayed payment will impact the Credit Bureau score of the Borrower negatively.

The Lender may take appropriate legal action for delay and defaults for recovery of dues.

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

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