Personal Loan Quick Loan Guide

About Personal Loan Quick Loan Guide

Personal Loan Quick Loan Guide to get instant loan online. Instant Personal Loan Guide app provides information on how to get an instant loan.

Personal Loan Quick Loan Guide App helps you to getting Appropriate information for how you can take a loan online with minimum document.

What is Personal Loan?

Personal loans are a form of installment credit. Unlike a credit card, a personal loan delivers a one-time payment of cash to borrowers. Then, borrowers pay back that amount plus interest in regular, monthly installments over the lifetime of the loan, known as its term.

- Loan amount from ₹,1000 to ₹5,00,000
- Repayment periods from 3 Month to 24 Month
- APR from 3.5% to 12% per annum
- Processing fees range from 2.5% to 5% (GST 18% applies)
- You may be charged up to 0.1 % daily late fees for late payments (capped to 18% of principal amount overdue.)
- No other hidden fees applicable to your loans!

Home Loan:
A home loan is a financing solution that you can avail to buy a home with ease. Here, the plot, flat or other property that you are purchasing serves as collateral.

Education Loan:
An education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.

Business Loan:
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.

Example
Loan Amount: ₹50,000
Tenure: 12 months
Interest Rate: 22% (on reducing principal balance interest calculation)
EMI: ₹4,680
Total Interest Payable: ₹4,680 x 12 months - ₹50,000 Principal = ₹6,160
Processing Fees (incl. GST): ₹1,475
Disbursed Amount: ₹50,000 - ₹1,475 = ₹48,525
Total Amount Payable: ₹4,680 x 12 months = ₹56,160
Total Cost of the Loan = Interest Amount + Processing Fees = ₹6,160 + ₹1,475 = ₹7,635

Eligibility
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

Declaimers: We are not asking the applicant to pay advance money for a loan. Please be aware suck kind of fraud. This is not an official app or government app, this app is only for help user. We also not collect any personal information.

This App only for guidance : how to apply various type of loans and this app not borrower any type of loan to any other. this does not asking to app users for pay money for loan. Be aware this kind of fraud.

NOTE: This Application Only Provide Guideline for How To Apply loan on mobile and not give any type of loan to you.