Choice Money App

The Choice Money App allows users to apply for MSME business loan. Now, experience the convenience of our services available anywhere, anytime with our easy-to-use android mobile app.

👉 Following are the features and benefits of seeking MSME business loan from us:
✔️ Avail loan amount starting from Rs. 50,000.00 (Fifty thousand) to Rs. 25,00,000.00 (twenty-Five lakhs)
✔️ We offer attractive interest rates, and is up to 36% per Annum
✔️ Flexible loan repayment tenure ranging from 12 months to 84 months
✔️ Completely digital loan application process
✔️ Loan facility available at far flung locations
✔️ Instant approval and fast disbursement to your bank account
✔️ Assisted mode for onboarding journey

How to apply for MSME business loan:
✔️ Download Choice Money App
✔️ Provide your details and check eligibility
✔️ Complete your KYC and documentation
✔️ Get loan amount disbursed in your bank account promptly

👉 An illustration on “How the loan modalities work?” as below:
For Example,
👉 If, Loan Amount: Rs. 1,00,000.00 | Tenure: 12 Months | Rate of Interest (ROI): 20% | Processing Fee: 1.0%
👉 Then, Processing Fee Amount: Rs. 1,000.00 | EMI: Rs. 9,263.00
👉 Therefore, Total Interest Payable: 9,263.00 x 12 (months) – 1,00,000.00 (principal amount) = Rs. 11,161.00
👉 Total Amount repaid after 12 months will be Rs. 1,12,161.00 at an APR of 21.21%.

👉👉 These numbers are for representation purpose only. Actual interest rate, processing fee, and APR will depend upon customer’s credit assessment and other factors.