AvoraLoan - Personal Loan

AvoraLoan - A clearer way to explore personal loans.
Everyone has different financial needs and plans. AvoraLoan helps you understand your personal loan options more clearly, so you can make informed decisions based on your circumstances.

Explore options for your financial needs
Whether you are planning everyday expenses or managing an unexpected financial need, AvoraLoan allows you to explore available loan options and consider which may suit your situation.
AvoraLoan works with an NBFC regulated by the Reserve Bank of India (RBI) to provide loan-related services to users.

Loan Details at a Glance
Loan Amount: ₹1,000 – ₹70,000
Loan Tenure: 4 – 24 months
Maximum Annual Percentage Rate (APR): 16% – 30%
Service Fee: ₹0 – ₹1,000

Loan Calculation Example
Suppose a user receives a loan of ₹10,000 with a loan tenure of 12 months.
Loan Details:
Loan Amount: ₹10,000
Loan Tenure: 12 months
APR: 18.5%
Service Fee: ₹100

Calculation Example:
Interest: ₹10,000 * 18.5% / 365 * 365 = ₹1,850
Amount Disbursed: ₹10,000 − ₹100 = ₹9,900
Total Repayment Amount: ₹10,000 + ₹1,850 = ₹11,850

This example uses a 365-day year and simple interest for illustrative purposes only. Actual interest, fees, disbursed amount, repayment schedule, and total repayment amount will depend on the specific loan offer and loan agreement provided to you.

Understand Your Options Before You Decide
Your eligible loan amount, applicable APR, and service fee may vary depending on your individual credit assessment, loan amount, and tenure. Before accepting a loan, you can review the applicable terms, fee details, and repayment schedule.

Know Your Options. Make an Informed Choice.
AvoraLoan aims to make personal loan information easier to understand, helping you consider your borrowing needs and repayment capacity before making a decision.

Please review the loan terms carefully before applying and ensure that the repayment obligations fit your financial circumstances.