App Description :

small loan - Indian instant personal loan app.

small loan is an online loan market which provides varies of loan products with different terms, users can find all their needs in our market. Our vision is providing our customers with the well-selected and most safe loan products as well as related services. We are a professional loan market who provides well-selected online loan products.

small loan does not directly participate in lending activities, but only provides a platform to facilitate registered non-bank financial companies (NBFC) or banks to lend users, and is not involved in the administration or the recovery of the loans granted to end users

One of our primary partner Yama Credit has NBFC partner is YAMA FINANCE LIMITED.
small loan acts as a business agent/service provider for the NBFCs licensed by RBI.

-Characteristics of the loan
*Loan amount: 3,000 Rs to 150,000 Rs
*Loan period: 120 days to 360 days
*Annual percentage (APR): from 16% to 28%
*Handling fee: 3%~12% of loan amount

Our loan online services:
Loan amount: Rs10,000
Loan period: 120 days
Annual interest rate (APR): 20%
Handling fee: 5%

If the loan is processed
1) We will transfer 10,000 Rs to your bank card
2) You should repay within 120 days after we issue the payment
3) The total repayment amount is Rs11,157.53, the detailed information is as follows
3.1) Principal =Rs 10,000
3.2) Interest = Rs 10,000 * 20% * 120/365 = Rs 657.53
3.3) Handling fee =Rs 10,000 * 5% =Rs 500
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Monthly interest rate: 20% / 12 = 1.67%
Monthly interest: Rs 10,000 * 1.67% =Rs 167
Total monthly repayment amount:Rs 10,000 / 3 + Rs167=Rs 3500

Eligibility:
✔ Indian resident
✔Salaried Individuals
✔Above the age of 18
✔Minimum monthly salary ₹1800

Key Highlights and Features

1.No credit history required.
2. Amount range b/w Rs 2000 to Rs 150000 .
3.disburse to your bank acc directly within 5 min once approved.
4.Flexible repayment EMI(s).
5.easy online process, fast and reliable service.
6.instant cash transfer in provided bank acc.
7.multiple repayment options: UPI, Direct transfer, PayTm, Phone pe

Security:
All the transactions are secured via a 256-bit SSL encryption. All the data are transferred over secured connections. We do not share your data with any third parties without your consent. Your data is totally safe with us.

contact us:
Customer service is always ready to help you. Please contact us in the following ways: Email:[email protected]