Papi Loans is a loan simulator, and used ONLY for educational purposes.

Loan Amount: ₹10,000 to ₹50,00,000
Interest Rates: 0% to 29.95% per annum
Tenure: 91 to 1095 days
Processing Fees: 0% to 1.5% (Minimum ₹0 + GST and Maximum ₹899 + GST)

Example:
For a loan of ₹10,000 with a tenure of 100 days:
Interest = ₹10,000 * 24% / 360 * 100 = ₹667;
Processing Fee = ₹667 * 18% = ₹120;
GST = ₹100 * 18% = ₹18;
Total Repayment Amount = ₹10,000 + ₹667 + ₹120 + ₹18 = ₹10,805

Disclaimer: This app is intended for educational purposes and as a simulator only, to provide users with an estimate of the potential costs associated with different loan options. Actual costs, interest rates, and loan terms may vary depending on the lender and individual circumstances.

Papi Loans is not directly involved in lending activities; instead, it offers a platform for registered non-bank financial companies (NBFCs) or banks to lend to users.

One of our primary partner NBFCs – Bamalwa Finance Pvt. Ltd. – is a Systemically Important NBFC within the group of companies that carry the Papi Loans brand.

Eligibility Criteria:

Indian Resident
Aged 21 years or older
Must have a monthly source of income
Fees and Charges:
Interest rates range from 0% to 29.95%, with an equivalent monthly interest rate of 0% to 2.49% only.
A nominal processing fee is charged for loans:
0% to 1.5% charged for customers