TikLoan is eager to support business owners as they expand their enterprises as well as help individuals with urgent requirements like unexpected medical or family expenses or utility bills. No credit history is required and we promise that unsuccessful application will not incur any fees
How to APPLY:
1. Download TikLoan
2. Register an account with your phone number
3. Fill in basic information
4. Submit the application
5. Wait for approval
Loan Features
Loan Amount: Rs. 5,000 to Rs. 50,000
Loan Term: 91days to 365 days
Service Fee: 6%
The Maximum Annual Percentage Rate (APR): 27%
Example:
If the loan amount is Rs. 20,000 and the APR is 10% per annum with a tenure of 180 days, the services fee is 6%:
Interest = Rs. 20,000 * 10% / 365 * 180 = Rs. 986
Service fee = 20,000*6% = Rs. 1200
You will get Rs. 20,000 and should repay Rs. 22,186 (20,000 + 986 + 1200)
The monthly payment would be Rs. 3698 (22,186 / 6)
CONTACT US
Customer Service Email: [email protected]
Address: No. 21, 2nd lane, Gothami Rd, 00800
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