Ecapital - Instant Personal Loan

Ecapital Loan is a quick Online Personal Loan. Very fast audit and disburse in half an hour.
Ecapital loan is a modern and famous well-developed platform which provides pure online personal loan service with high quality to its users. Ecapital Loan is presented by Ecapital Technology . Users submit their profile and loan application on their own mobile phone. Loan audit and disburse cash quickly to users bank account. With our excellent financial technology, eligible users could get money easily and quickly. The average processing time from loan apply to disbursal success is less than half an hour, which has a leading position in the personal loan field.

How is Ecapital Loan different from any other traditional Indian personal loan app?

1. Our credit line gives you an instant loan online in a 100% paperless process, no bank visit.
2. Once your loan amount is disbursed by us, you can use any amount from your available loan amount
3. A collateral-free personal loan app
4. Help friends or family with an emergency cash

Why Ecapital loan ?

1. Ecapital Loan aims to personal purpose online loan with 7 * 24 service
2. Loan service is available across all India
3. Ecapital Loan audits and disburses very quickly, mostly less than 30 minutes
4. Modern information technologies are used to promote audit ratio
5. It is very easy and simple to apply loan, just using your mobile phone and digital profile
6. Regular customers with good credit could have higher limit and lower interest and fee
7. We're listening from you. Your feedback is very important to loan products

Eligibility:
1. Indian Resident.
2. Above the age of 21 years
3. Source of a monthly income.

Documents required:

1.Aadhaar number
2.Identity proof (Driving license/Voter id/Passport/Aadhaar/PAN)
3.Address proof (Driving license/Voter id/Passport/Aadhaar)
4.Bank statements, Account Details and passbook front page.
5.Original passport photo/selfie
6.Upon completion, your approved credit limit will be ready to use as quick personal loan anytime.

Loan Service Characteristics:
1. Easy to Apply: 100% online, and use your phone anytime anywhere
2. Quickly to Get Money: disburse to your bank account in 5 minutes once approved
3. Loan Limit: ₹25,000 ~ ₹ 150,000
4. Interest Rates: APR is 13% ( Annual Percentage Rate, APR )
5. Tenure: minimum tenure is 6 Months, to maximum 24 Months


Loan Subject and Fees Example in detail:
Loan subject and fees of Ecapital Loan comply with all India regulations on NBFC and the play store policy. For example, if the loan amount is ₹25,000 with tenure of 180 days, then the loan subject and fees are as follows:

1. Loan principal: ₹25,000
2. Maximum Interest in total: ₹25,000 * 13% / 365 * 180 = ₹ 1602 ( Less interest for users with good credit )
3. Processing Fees: This fee is standard practice across all India financial institution for performing credit checks, bank account validations, auditors hiring, etc. The processing fee is ONLY charged once i.e., ₹300 + 18% GST*(as per Indian Govt. Law) = ₹354 ( Less or no processing fees is applicable for regular customers with good credit )
4. Loan Protection Insurance Fees: 400-1200( Loan protection insurance covers debt payments on certain covered loans if the insured loses their ability to pay due to a covered event. Such an event may be disability or illness, unemployment, or another hazard, depending on the particular policy.)
5. Late charge: This fee is ONLY applicable when borrowers repay bill overdue. There is NO late charge when you repay on time or in advance. This fee is standard practice across all India financial institution. Late charge is 2% of overdue principal. For example, if you have ₹1000 overdue of principal, then the late charge is ₹20.

Security & Protection of Privacy

Data security & privacy is a top priority at Ecapital. Our backend APIs comply with mandated security standards and robust protocols which have been tested and certified by our partner bank’s IT team.