Loan Pesa : Instant cash loan at your fingertips.
-> Loan amount: From ₹1,000 to ₹500,000
-> Interest rates: From 0% to 29.00% per annum
-> Tenure: 90 days to 12 months
Loan Pesa : Instant cash loan is an instant cash loan application & credit platform for across the world, where one can apply for business cash loan online & avail up to 5,00,000 lakh as direct cash transfer to Bank Account.
Loan Pesa : Instant cash loan are like a friend you can borrow money or flexible loans from, at low interest and processing fee! For your urgent loan needs and to get a small-ticket online cash loan, with money transfer to your bank account, Small Loan’s instant cash loans app offers you a quick and hassle-free paperless application process for an easy disbursal experience with minimal paperwork with our digital lending.
Loan Types :
Online loan, a good choice to help you, you can get a loan through direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹5,00,000 for a tenure ranging from 90 days to 6 months.
What is Loan Pesa?
Loan Pesa - Instant Cash Loan Money is a fast, secure, reliable, and free Android mobile banking app. We make getting a instant cash loan easy and fast: download the app, answer a few questions and get instant cash loans approved in under 5 minutes.
A representative example of the total cost of the loan Amount:
+ Amount Borrowed (Principal) = ₹14,999/-
+ Tenure = 6 months
+ Processing Fee (incl. GST) = ₹826
+ Amount disbursed = ₹14,173
+ Your EMI amount = ₹2769 (based on PMT method, sample monthly payment)
+ Interest amount = ₹2769 x 6 - ₹14999 = ₹1614(sample interest calculation)
+ Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = ₹826 + ₹1614= ₹2440
+ Principal repayment amount = ₹14,999/- (same as amount borrowed)
+ Total repayment amount = Principal repayment amount + Interest Amount + Fee = ₹14,999 + ₹1614 + ₹0 = ₹16,613
Eligibility -
+ Indian Resident.
+ Source of a monthly income.
+ 20-60 years old.
Loan Amount: Rs 5,000 to Rs 1,00,000
+ Annual Percentage Rate (APR) varies from 20% - 30%
+ Minimum repayment period: 91 days, Maximum repayment period: 24 months
+ Processing Fees: Max (₹350 + GST, Up to 2%-7% of the loan amount plus GST)
+ Prepayment Fees: 2.50% prepayment amount
+ Your bank may also levy charges in case of a bounce.
Online loan for Salaried example:
+ Loan amount: Rs. 50,000
+ Tenure: 12 months
+ Interest Rate: 20% per annum
+ Processing Fee: Rs. 1,250 (2.5%)
+ New customer onboarding Fee: Rs. 200
+ GST on Processing and Onboarding Fees: Rs. 261
+ Total Interest: Rs. 5,581
+ EMI: Rs. 4,632
Apply process
1.Download Loan Pesa : Instant cash loan from google play store.
2.Register a account with a phone number.
3.Choose your loan amount and loan tenure.
4.Fill in info.
5.Loan review and cash disbursement.
Immediately download Loan Pesa : Instant cash loan, submit a loan with us!