EAS Loan

EAS Loan is an online micro-loan designed to solve online micro-loan business for Indian residents.
EAS Loan belongs to KALPAVITTA FINANCE PRIVATE LIMITED.
The whole process is handled online by the user on the mobile phone.

✔Features:
●No mortgage, fill in some information to apply for funds online
●Personal information security

✔Product description:
●Loan amount: ₹ 3,000 - ₹ 30,000
●Tenure: 3 month -12 month
●APR: 18%-29.9%, minimum 18%, maximum 36%, it will be adjusted according to the different application materials
●Processing fee: 2% of principal
●GST: 18% of processing fee
●No other hidden fees, open and transparent

✔Highlights:
●A legal citizen of India over the age of 18
●Have a stable source of income
●Repay on time will increase the loan amount

✔Steps for usage:
●Register an account
●Choose the loan amount
●Fill in some information
●Apply for a loan
●Access to funds
●Repay on time to get more money

✔Example:
If you get the loan amount of ₹ 10,000, the interest rate is 3% per month, and the tenure is 4 month:
EMI amount: ₹ 2,690.46
Total interest: ₹ 2,690.46 * 4 - ₹ 10,000 = ₹ 761.84
Total repayment amount: ₹ 2,690.27 * 4 = ₹ 10,761.84
Processing fees (2% of principal): 2% * 10,000 = ₹ 200
GST (Processing fees * 18%): ₹ 200 * 18% = ₹ 36
Disbursal amount: ₹ 10,000 - ₹ 36 - ₹ 200 = ₹ 9,764
APR: (₹ 761.84 * 4+ ₹ 236) / ₹ 10,000 = 32.83%

Due to the need of core functions such as risk control and credit amount, APP needs to obtain your following permissions:
Storage \ Personal information \ Location \ SMS \ Contact list \ Camera \ Installed app list

Recent changes:
v1.0