✔Product information:
Loans range from ₹1,000 to ₹100,000.
Duration: 91days-365days
Interest Rate:Depends on the customer's risk profile and loan tenure. The interest rate is from 10% to 25% per annum.
Maximum Annual Percentage Rate (APR):25%
Daily interest rate:0.068%(25%/365=0.068%)
Service charge: 0%-20%
In addition, GST will be applicable only on the fee components as per Indian laws.
✔Example:
user loan ₹5,000, annual interest rate of 10%, service fee of 10%, The loan period is 180 days
Repayment interest: ₹246.58(Calculation formula:₹5,000 * 10% / 365 * 180=246.58)
Service charge:₹500(Calculation formula:₹5,000*10%=₹500)
Total repayment amount: ₹5746.58(Calculation formula:₹5000+₹246.58+₹500=₹5746.58)
Monthly repayment: Repayment in 3 installments, the monthly repayment amount is ₹1915.53 (Calculation formula:₹5746.58/3=₹1915.53)
✔Lendingraja is India’s leading digital lending mobile based personal loans platform.Get safe, fair, convenient and affordable online loans on Lendingraja- personal loan money box app.
✔Why do you need to choose Lenndraja?
1. No credit history required
2. Paperless and digital process on your mobile
3. Get 24*7 access to loan anytime, anywhere
4. Efficient Application Review
5. Disburse to your connected account once approved
6. Available Pan India
7. As the credit score grows, the sanctioned amount gradually increases
8. Variety of convenient repayment options
✔Eligible users:
Must Be An Indian Citizen.
Working Phone Number.
Active Bank Account.
Age: 18+
✔Contact Us:
For Questions, Feedback Or Concerns, Please Contact Us At:
Email:
[email protected]