1. All Indian citizens
2. 18-55 years old
3. Stable work with income
1.Download & Install
2.Mobile number for registration
3.Submit application
4.Pending approval
5.Obtaining loans
1. High loan amounts
2. Low rate.
3. Long loan term
4. Simple to use
5. Information security
6. Quick approval
Amount of the Loan is ₹2,000 to ₹300,000
Loan term: 100 days to 730 days
Maximum Annual Percentage Rate(APR) is 18.25% per annum.
No processing fee
If user loan ₹20,000 for 120 days duration with 18.25% APR.
Interest payable is ₹1,200(₹20,000 * 18.25% / 365days *
120days)
Total repayment amount for 120 days is ₹21,200 (₹20,000 +
₹1,200)
The monthly payment is ₹5,300(₹21,200/4)