Kredit Bhanja -Fast Loan Guide is your trusted guide throughout the loan application process. This app streamlines applying for a loan, ensuring a hassle-free experience with minimal documentation and quick approval in minutes.

Kredit Bhanja Loan Guide:
👉 Loan Amount: ₹5,000 to ₹2,50,000.
👉 Maximum Annual Interest Rate: 6% to 20%.
👉 Loan Term: 3 Months to 48 Months.

Eligibility for Kredit Bhanja:
✔ You must be an Indian resident.
✔ You should have a steady monthly income.
✔ Age: 21-60 years.

Loan Calculation:
Loan calculation involves determining the loan amount you wish to borrow, the applicable interest rate, and the loan term.

For a simple loan calculation example, let's consider a loan of ₹30,000 with an interest rate of 10% and a loan term of 1 year. The total interest can be calculated as follows:
Total Interest = (Loan amount x Interest rate x Loan term)/100 = (30000 x 10 x 1)/100 = ₹3,000.

Detailed Loan Calculation Example:
Let's consider a loan scenario with the following details:
● Principal Loan Amount: ₹30,000
● Interest Rate: 10% (per annum)
● Loan Tenure: 12 Months
● Processing Fee (1% including GST): ₹350
● Loan Disbursed: ₹29,650
● Total Interest Amount: ₹3,000
● Your EMI amount: ₹2,504.17
● Total Cost of Loan: ₹350 + ₹3,000 = ₹3,350
● Loan Repayment: ₹29,650 + ₹3,000 = ₹32,650

Note:
The Kredit Bhanja -Fast Loan Guide app helps for applying for fast cash loans through your mobile device. Please note that this app does not have any affiliation with banks or non-banking financial companies (NBFCs).

Disclaimers:
Kredit Bhanja -Fast Loan Guide App is not an official application for any government/UIDAI scheme and is not associated with any government body. We request all our users to visit the official website of the relevant department/authority for any complaints or queries regarding the scheme/information.