01: Applicant should be Indian Resident
02: Salaried Employed
03: Minimum Salary should be Rs. 20000 per month
04: Good CIBIL Score
05: Saving Bank Account
01: Proof of Identity
02: Proof of Address
03: Proof of Age
04: Latest 3 Months Salary Slip/ITR Copies
05: Latest 6 Months Bank Statement
06: Photo
07: Other Documents, if needed
01: Loan Amount-Rs. 1000 to 200000
02: Processing Fee- 2% - 7%
03: Rate of Interest (ROI)- 2.99%
04: Tenure/Repayment Period- 95 Days to 365 Days
05: GST on Processing Fee- 18%
06: Annual Percentage Rate (APR)- 35% - 72%
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. The APR is different for different products being offered.
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a decent APR per annum.
Instant Personal Loan
