First Guide app is help you to getting information of different type of loan. First Guide app is help you to getting information of a loan instant on your mobile and You will be learning how to get a different type of loan.
This application is just an informative guide and will not provide direct loan to any user of this app. This app is not affiliated with any loan provider.
This is just an example the app does not provide any type of loan
Loan Amount - ₹50,000
Tenure - 12 months
Interest Rate - 22% (on reducing principal balance interest calculation)
EMI - ₹4,680
Total Interest Payable - ₹4,680 x 12 months - ₹50,000 Principal = ₹6,160
Processing Fees (incl. GST) - ₹1,475
Disbursed Amount - ₹50,000 - ₹1,475 = ₹48,525
Total Amount Payable - ₹4,680 x 12 months = ₹56,160
Total Cost of the Loan = Interest Amount + Processing Fees = ₹6,160 + ₹1,475 = ₹7,635
Note: We are not directly engaged in money lending activities and are only providing a platform to facilitate money lending by registered Non-Banking Financial Companies (NBFCs) or banks to users.
Declaimers:
This App only for guidance: how to apply various type of loans and this app not borrower any type of loan to any other. this does not ask to app users for pay money for loan. Be aware this kind of fraud.
Thank you...