LoanFront - Instant Personal Cash Loan is a single point App that helps customers get quick, easy online instant personal loans, starting from amounts as small as ₹2000 and going right up to ₹2 lakhs. Product(s) Introduction:
Loan Amount range: ₹2,000 to ₹200,000
Loan Tenure: 62 days to 180 days
Interest rate: 20% to 35%
depending on risk profile of customer and product availed. Our dynamic interest rate with a maximum of 35% (APR)
, ensures you don’t have to pay anything more than 2.9% interest Per Month
Our easy repayment tenures ranging between 62 days to 180 days
Technology and other related fees: from ₹ 100 to ₹ 1000 max.
Loan Eligibility Criteria: Indian Citizens, over 21 years of age and having a stable monthly source of income of above 15000 ₹ per monthAmount, Tenure, Fees & Charges
The Loan amount (₹2,000 to ₹200,000), fee (₹100 to ₹1000) and tenure (62 days to 180 days) will vary depending on the Risk & Credit investigation, repayment ability and behaviour of the user on the platform. The maximum interest rate is 35% per annum (APR), and a technology fee may vary from 100 ₹ to ₹ 1000 depending on the user’s credit profile.
If the loan amount is ₹10,000.00 and the interest rate is 25 % per annum with the tenure of 90 days (3 Equated Monthly Installment), the 3 EMI are as follows:
EMI 1 = ₹3,501 (Principal = ₹3,251, Interest = ₹250)
EMI 2 = ₹3,501 (Principal = ₹3,333, Interest = ₹169)
EMI 3 = ₹3,501 (Principal = ₹ ,416, Interest = ₹85 )
Total interest = ₹250 + ₹169 + ₹85 = ₹504 rupeesFee:
Technology fee on the loan is: ₹500
One Time Registration fee: ₹100
Tax on the Technology fee (GST at 18%) = ₹500 * 18% = ₹90
Tax on One Time Registration fee (GST at 18%): ₹100 * 18% = ₹18Cost of the Loan:
Total cost of the first loan: ₹500 + ₹90 + ₹100 + ₹18 + ₹504 = ₹1212
Total cost of subsequent loans = ₹500 + ₹90 + ₹504 = ₹1094
Users will be charged a late payment penalty fees only when users delay their scheduled payment. Why Loanfront
Our App is for an easy and quick loan and is digitally driven from end to end. From the application and document submission to the verification and disbursal – everything is digitized for maximum efficiency. This gives us the potential to offer an unbelievable speed of delivery. We also ensure customers’ peace of mind with transparency at every step.
Thanks to our state-of-the-art technology & algorithm, we can completely remove human intervention in all the process from collecting the documents to verifying it and transferring you the money in less than 10 min. No extensive documentation
All we need from you are:- A selfie - Your PAN card details- One government IDDigital submissions
There’s no need to submit your physical documents at our offices. Just use your smartphone to click photos of your documents and upload. Simple as promised! Decision within minutes
There’s no need to wait for our personnel to manually check and approve your documents. Our digital processes ensure that verification and approvals happen within minutes.Immediate transfer
It can be nerve-wracking to wait for a loan to come through when you need it. At LoanFront, once your processes are complete and the loan is approved, you get the money in your bank account almost immediately.How does it work? 1.Update your profile2.Check your eligibility3.Choose your loanSecurity:
All the transactions are secured via a 256-bit SSL encryption. All the data are transferred over secured connections. We do not share your data with any third parties without your consent. Your data is totally safe with us.
If you have any questions about using LoanFront, contact our customer support for assistance.
Working Hours: 9 am - 7 pm (Monday to Saturday)
Mail: [email protected]
Call: 080 4812 6351