Hinal is a platform for facilitating loan transactions between borrowers and lending institutions. Hinal cooperates with many professional financial institutions in India to combine various loan products and provide various choices to users to meet their different loan needs. The platform has conducted a rigorous review of all cooperative lending institutions, these institutions need to pass NBFC/banks' approval and sanctions at the Reserve Bank of India, also be displayed on the platform.

As a loan platform, we provide more than 20 different types of products for users to choose from .We aim to meet customer’s financial needs for various requirements ranging from purchase of mobile phones, medical needs, bill payments etc.

Loan Amount: from ₹1,000 up to ₹50,000
Loan Tenure: 62 days to 1 year.
Interest Rate: from12% to 36% with equivalent monthly interest rate of 1%-3% only.
Processing Fee: Ranges from 2% ~ 10% for one-time charge(Depends on the user's risk assessments and the loan tenure).
GST: 18% of Processing Fee (GST will be applicable only on the fee components as per Indian laws.)

For example，If loan amount is ₹5,000 and the interest is 25% per annum with tenure of 3 months, Overall interest payable is ₹312 and processing fee of ₹590(including 18% GST of processing fee, which is ₹90). Monthly EMI Repayable: ₹ 1,771, the total amount due would be ₹5,903.

*These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum)

【Eligibility】
1. Indian Resident
2. 21-56 years old
3. Should have monthly source of income

【Why do you choose Hinal？】
1. No credit history required.
2. Online loan serve.
3. Automatically reviewed: 7*24 access to loans.

【How does Hinal work? 】
1. Install the Hinal app from Google Play Store
2. Register an account
3. Fill out basic information & Complete KYC verification
4. Select the product you want to apply for, confirm the loan contract and submit the application
5. Waiting for approval result, the result will be shown in the APP and you will be informed by SMS
6. Provide the consent with the loan agreement after the approval
7. After the confirmation of the loan agreement, the approved loan amount will be disbursed in the account and a SMS notification will be sent.

【Security】
All the transactions are secured via a 256-bit SSL encryption. All the data are transferred over secured connections. We will fully guarantee the security of each user's information and will not share the user's information with anyone without the consent.

【About Us】
If you have any questions, please feel free to contact us:
Email: [email protected]
Website: https://www.hinal.in
Working hours: Monday to Friday 10:00am - 19:00pm o'clock.