App Description
My Loan Mall APP,There is no complicated application process to apply for personal loans online.Smart loan approval—7*24 hours smart approval.
Loan conditions
1. The loan applicant must be an Indian resident over 18 years old and under 60 years old;
2. The loan applicant has a stable job and has the ability to repay the loan;
Loan Details
Loan Amount: from ₹ 1,000 to ₹15,000.
Tenure: the shortest tenure is 92 days, the longest tenure is 180 days.
Interest rate: Depends on the customer's risk profile and loan tenure.
The APR interest rate is 18%~33% per annum.
Processing fees range from 3% to 12% (GST 18% applies)
For example: If you borrow ₹15,000, the annual interest rate is 30%, with the tenure of 92 days, after deducting the processing fee, the interest you need to pay is:
Interest = ₹ 15000 * 30% / 365 * 92 = ₹ 1134
The total amount of due repayment: ₹ 15000+₹ 1134=₹ 16134
Security
All the transactions are secured via SSL encryption. We guarantee that the personal information submitted by the user information will only be used for the My Loan Mall loan service We will not provide to third parties (other individuals or companies),Unless we are authorized by you or required by law or government.