Kredit World - Fast Cash Loan App provides information about quick and easy loan approvals with minimal documentation and low-interest rates in just a few minutes.
Loan Info.:
● Loan amount from ₹50,000 to ₹5,00,000.
● Interest rates from 6% - 14% per annum.
● Loan repayment term from 6 - 36 months.
Loan Eligibility:
● Indian Resident
● Age 21 years
● Income ₹15,000
Interest Calculation Example:
● If your loan amount is ₹50,000, with an interest rate of 10% and a loan term of 24 months:
Interest Calculation: Your total interest amount will be ₹10,000.
⇒ Loan amount * interest rate / 12 * loan term = ₹50,000 * 10% / 12 * 24 = ₹10,000
Loan Calculation Example:
⇨ Principal loan amount: ₹1,00,000
⇨ Interest rate: 12% per annum
⇨ Loan term: 36 months
⇨ Processing fee: ₹2,000 (2%)
⇨ Loan disbursed amount: ₹98,000
⇨ Total interest amount: ₹36,000
⇨ Total repayment amount: ₹1,34,000
⇨ Monthly repayment (EMI): ₹3,722
Note:
We have made every effort to provide accurate information. However, we are not responsible for any misinformation. Please verify the information.
Disclaimer:
Kredit World - Fast Cash Loan App is not an official application for any government/UIDAI scheme and is not associated with any government body. We urge all visitors to visit the official website of the concerned department/authority for any complaints or queries about the scheme/information.