NafaLoan - Credit Assistant

NafaLoan makes a revolving facility accessible through a concise application. A prompt decision follows; once approval is given, funds may be called upon as circumstances demand, requiring neither branch attendance nor extensive forms.
Prior to authorising any withdrawal, the app expresses every charge numerically. Select a convenient repayment point or close the balance early with no added penalty; when payment arrives, usable credit is replenished at once for a later requirement.
Key Features
Your Facility on One Screen
The dashboard places the sanctioned ceiling beside live utilisation and past billing records, enabling ongoing monitoring from a single uncluttered view.
Choose the Share You Want
Take whichever portion of the sanctioned sum is appropriate at the moment it is wanted. Because this credit has already been assigned, access is immediate and involves neither delay nor obstacles.
A Full Price View First
Before authorisation, the screen itemises every condition alongside each rate and fee. You pay exactly the figure presented, while the fine print contains no concealed addition.
Usage Starts the Meter
Availability itself has a zero price. Only a withdrawal activates interest, computed every day against precisely the funds taken.
Continuous Layered Protection
Round-the-clock end-to-end encryption and layered authentication secure financial and personal records, leaving that information accessible exclusively to you.
Credit Line Details
• Credit Line Range: INR 3,000 – INR 50,000
• Minimum Loan Term: 91 days
• Daily Usage Rate: up to 0.065% per day
• Maximum Annualized Rate (APR): up to 23.73%
Full repayment causes the sanctioned ceiling to reappear automatically for immediate reuse, conditional on the account's standing at that time.
Cost Illustration
To demonstrate rather than predict a typical outcome, the figures below trace how a daily charge accumulates across a representative usage interval.
• Amount Drawn: INR 10,000
• Daily Rate: 0.065%
• Usage Period: 100 days
Cost Breakdown
INR 10,000 × 0.065% × 100 days = INR 650
Total Repayment: INR 10,650
Each day's interest uses the portion of the balance still due. Reducing the withdrawal, paying sooner, or contributing a part-payment may each lower the eventual expense.
Eligibility Requirements
• Be at least 18 years of age — Indian law permits an applicant to sign such a credit arrangement only after legal adulthood is reached.
• Hold a valid government-issued ID document — Identity must be established with a current document that an Indian authority can verify, whether Aadhaar, PAN, Passport, or another equivalent form of identification.
• Pass NafaLoan's eligibility assessment — Facility access begins only after a fast, unbiased, automated evaluation confirms the applicant profile against the credit standards we apply.
Customer Support
Human specialists familiar with NafaLoan remain reachable throughout the journey, beginning with the application and continuing until the final repayment, with every message handled promptly.
Customer service email: support@nafaloan.com

Recent changes:
Borrow Smart, Gain More