MasalaLoan- Instant Personal Loan App

Loans range from ₹1,000 to ₹200,000
Tenure: 91 days to 120 days(including extension time).
Maximum APR: 36%
Transaction Fee: 0
Other fees: we will charge one time sign fee, service fee(per transaction). Minimum 10%, Maximum 20%


Interest calculation
If your loan amount is ₹ 10,000, APR is 33%,service fee is 10% and the term is 91 days. on the due date, the amount payable is ₹ 11,822.7 (10,000 * 33% / 365 * 91 + 10,000 + 10,000*10%).
If your loan amount is ₹ 10,000, APR is 33%,service fee is 20% and the term is 91 days. on the due date, the amount payable is ₹ 12,822.7 (10,000 * 33% / 365 * 91 + 10,000 + 10,000*20%).


Introduction

MasalaLoan is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online. You can get micro loans, homeloan,online personal loans, consumer loans through this product.We provide an extended service, which customers can choose to extend the service life.
With MasalaLoan, bid adieu to your financial worries!




Features

1. 100% Online process
2. Minimal documentation


Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decrease

Eligibility:

1. Indian Resident
2. 21-56 years old
3. Source of a monthly income

Steps to apply

1. Install MasalaLoan App
2. Register your account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Bank statement Proof & PAN card
5. Avail Loan as bank transfer or e-voucher as per your request

Amount, Tenure, Fees & Charges

Loans range from ₹1,000 to ₹2,00,00 with tenure ranging from 91 days to 120 days. The APR ranges from 10 to 36% depending on the product availed, risk profile, and creditworthiness of the customer. Penalty charges are charged only when a customer defaults or delays their loan repayment schedule in spite of reminders. In addition to it, GST applies as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.

Contact Us

1. Mail: [email protected]
2. Call: +91 9311773177

Address
51 - 52, Phase IV, Udyog Vihar, Sector 18, Gurugram, Haryana 122001