eLoan - Quick Cash

- Instant personal loans from ₹ 2,500 to ₹ 2,00,000
- Interest rates range from 0%-29.95% depending on risk profile of customer and product availed
- Tenures from 60 days to 15 months.
- Processing fee starts at just ₹ 250
- No membership or upfront fees

Example:
If loan amount is ₹50,000 & interest is 22% per annum with tenure of 60 days; after deducting any other fees
Interest = ₹50,000 x 22%/365 x 60 = ₹1,808.

eLoan - Quick Cash is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to ₹2 Lakh as Direct Cash Transfer to Bank Account.

Features
1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer

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. Above the age of 21 years
3. Should have monthly source of income

How to get started
1. Install eLoan - Quick Cash App
2. Register through your Facebook/Google account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer as per your request

Interest Calculation
If loan amount is ₹50,000 & interest is 20% per annum with ₹250 processing fees; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹5584 only. The EMI per month would be ₹4632 only.

Types of loans available in our app
Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail from ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.

Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on eLoan - Quick Cash App on loan, purchase on online platforms through those e-vouchers, and pay eLoan - Quick Cash later in EMIs.

Student Loan - A loan option where you can get loan for educate your childrens from ₹200,000 to ₹4 Lakhs as direct bank transfer for a tenure ranging from 2 to 3 years, and make their future bright and safe with lower rates.

Mobile Loan - A loan option where you can get loan for purchasing mobile phone at best interest rates. Some companys are also offers 0% rates on loan for purchasing a new mobile phone.

Car Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail a car loan within few minutes.

Amount, Tenure, Fees & Charges
Loans amount: ₹2,500 to ₹200,000, Tenure: 60 days-15 months. KreditBee charges one-time service fee while onboarding or during upgrade which is depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

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