Instant Personal Loan - ECO

ECO is a loan platform for personal Cash loans. It has the advantages of high quota. As the credit score grows, the Sanctioned Loan amount increases for every new loan.

Loan amount: from ₹10,000/- to ₹1,00,000/-
Loan period: 6 Months To 24 Months
Interest rate : Starts From 1% per Months and upto 2% per month
Maximum APR: up to 30% per year
Transaction fee: zero
Processing Fee: one time Processing Fee. Min.1.00% - Max.2.00% on Approved Loan Amount

Amount, Tenure, Fees &Charge
Loans range from ₹10,000 to ₹1,00,000 with tenure ranging from 6 months to 24 months. The APR ranges from 16% to 30% 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

Example Of Total Cost Of Loan
If Loan Amount ₹50000 at an interest rate of 18% for a period of 12 months then overall interest payable is ₹5,008/- only and one time processing fee of ₹199/-. Then total cost of loan Rs.5207 /- and total repayment is Rs. 55,207/- and total Yearly Cost Of Loan is 5207/-

APR Example
for a loan processed with principal amount of Rs 50,000 payable in 12 Months with Interest rate 18% Annum, you will have to pay interest only Rs 5,008 and processing fee of Rs 450 , the total amount due would be Rs 55,008 and processing fee will be charge advanced.The APR is 19.50%.


Loan application procedure for first time borrowers:
1. Install the ECOLoan APP from the Play Store.
2. Register an account with Mobile number.
3. Fill out your basic information.
4. waiting for digital approval.
4. Choose loan amount and loan term.
6. The loan will be paid to your bank account immediately.
7. Pay your loan early to make it easier to borrow again.

Loan requirements:
1. 18-55 years old.
2. Indian citizen.
3. Have a bank account.
4. Have monthly income Source.

Why choose ECO?
1. No collateral and guarantee required.
2. Disburse to your bank account directly once approved.
3. Digital Online review Process and instant Approval.
4. Protect user security and privacy
5. As the credit score grows, the Sanctioned Loan amount increases everytime. Variety of convenient repayment methods.

Features
- 100% Online process
- Minimal documentation
- Fast approval
- Immediate bank transfer

Contact us
Any questions about the App can be contacted by the customer service in the app, or send us an email, we will contact you and solve the problem as soon as possible.
Working time: 9:00 am – 6:00 pm (Monday - Saturday)