+91-9986-734-604
Delhi 110001 IN
Loan beenfits
Paisaintime offers short-term Loans for all looking for instant money. Short-term loans generally starts from 10 thousand and can be around 1 lakh. It is designed for all your immediate needs like your pending bills, medical emergencies, household requirements etc.
Important Facts | |
---|---|
Loan Amount | 10 thousand to 1 Lakh |
Tenure | 10 days to 40 days |
Amount per customer | As per eligibility |
Benefits & Features
Making personal budgeting Easier.
Paper less Application with less Documentation.
Foreclosure Allowed*
Instant Approval & Disbursal.
Loan Benefits
Loan Criteria
Loan Amount - 40,000 to 2,00,000
Interest Rate - Up to 36% per annum
APR - 36% MAX
Age - 21 to 55 years
Late payment fee - as applicable ( Charged only, If repayment is delayed )
Processing Fee - Up to 5%
Loan tenure - 90 days to 180 days
Pre-closure charges – As applicable
Sample Loan Calculation
Loan amount - ₹ 30,000 at interest rate of 30% p.a.
Loan Duration - 3 Months
Total personal loan interest = ₹ 2,250
Processing fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
Total Deductibles (PF + GST) - ₹ 590
In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 590 = ₹ 29,410
Total repayable Amount (Loan Amount + Interest) - ₹ 32,250
Monthly EMI Repayable (Loan Amount + Interest / No of EMI’s) - ₹ 10,750
PF + GST are deducted upfront during the loan disbursal.