This App Provide Appropriate information for how you can take a loan online with minimum document.
Product Features (Example)
High loan amount: apply online, up to rs.8000
Low interest rates: Annualized rates, up to 35% and as low as 20%
Service charge: up to 10% and as low as 5%
Loan term: 91 days (shortest, including renewal period) - 120 days (longest, including renewal period)
Fill in Aadhaar/VoterID/Driver Licence/Passport and PAN Card information
Age requirement must be above 20 years old
Short processing time: low loan threshold, fast approval - even faster than 3 minutes!
For example: If the loan amount is ?8000 and the interest rate is 30% per annum with the tenure of 91 days, after deducting the processing fee, the interest payable is as follows :
Interest = ? 8000 30% / 365 91 = ? 598.
Above mention detail is example of financial product it may very as per money lender's terms and condition.
Thank you.