LoanFront - Quick Personal Loan App in Telugu - How to get instant personal loan Review Details

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👉LoanFront Loan App👇
https://play.google.com/store/apps/de...

💥LoanFront - Personal Loan EMIs is a single point App (Powered by our RBI Registered NBFC Vaibhav Vyapaar Private Ltd) that helps customers get quick, easy personal loan in EMIs, starting from amounts as small as ₹2000 and going right up to ₹2 lakhs.

💥Loan Types:📲

Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes as direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹2,000 to ₹25,000 for a tenure ranging from 62 days to 3 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹5,000 to ₹2 Lakhs as direct bank transfer for tenure ranging from 3 to 6 months. All you need is your PAN Card, Address Proof and Salary Proof.

Product(s) Introduction:📲
Loan Amount range: ₹2,000 to ₹200,000
Interest rates: From 12% to 35% per annum
Loan Tenure: 62 days to 6 months
Technology and other related fees: from ₹100 to ₹2500 max.

Loan Eligibility Criteria:📲
Indian Citizens, over 21 years of age and having a stable monthly source of income of above ₹15000 per month.

Amount, Tenure, Fees & Charges:📲
Loan Amount range: ₹2,000 to ₹200,000
Interest rates: From 12% to 35% per annum
Loan Tenure: 62 days to 6 months
Technology and other related fees: from ₹100 to ₹2500 max.

💥Interest rates range from 12%-35% with equivalent monthly interest rate of 1%-2.9% only.
A small processing fee is charged for loans e.g. for low risk customers 2% - 5% of the principal, for very high-risk customers 6% - 8%*.
LoanFront charges one-time registration fee while onboarding the customers which is ₹100-₹500 depending on the product and the risk profile.

💥Personal Loan amount (₹2,000 - ₹200,000), interest rate (12% to 35% per annum), fee (₹100 to ₹2500) and tenure (62 days to 180 days) will vary depending on the Risk, Credit underwriting, repayment ability and behaviour of the user on the platform.

💥Penalty is charged only when someone delays their scheduled payment.📲

The APR for different products,loantypes are separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 20%-32%, medium risk customers is 30%-40%, high risk customers is 36%-45% and very high-risk customers is 42%-70%.

📲Representative Example: Flexi Personal Loan📲

Loan amount: ₹12,000
Tenure: 3 months
Interest Rate: 27% per annum
Processing Fee: ₹690 (5.75%)
New customer onboarding Fee: ₹100
GST on Processing and Onboarding Fees: ₹142
Total Interest: ₹544
EMI: ₹4,181
APR: 45%
Loan amount is ₹12,000. Disbursed amount is ₹11,068. Total loan repayment amount is ₹12,544
Cost of the Loan is ₹1476 including the applicable Govt taxes

💥Representative Example : Personal loan for salaried📲

Loan amount: ₹20,000
Tenure: 6 months
Interest Rate: 25% per annum
Processing Fee: ₹1000 ( 5% )
New customer onboarding Fee: ₹200
GST on Processing Fees: ₹216
Total Interest: ₹1,483
EMI: ₹3,581
APR: 27 %
Loan amount is ₹20,000. Disbursed amount is ₹18,584. Total loan repayment amount is ₹21,483
Cost of the Loan is ₹2899 including the applicable Govt taxes

📲All we need from you are:📲
A selfie
PAN card
One government ID for Address Proof
Salary/Income proof

💥How does it work?📲
1.Update your details
2.Check your eligibility
3.Choose your loan

💥For queries, contact our customer support for assistance.
Working Hours: 9 am - 7 pm (Monday to Saturday)
Mail: [email protected]
📲Call: 080 4812 6351

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