Swipe Loan

Swipe Loan – Compare Personal Loans from RBI-Registered Lenders

Need funds without applying to lender after lender? Swipe Loan lets you check your eligibility once and compare personal loan offers from our RBI-registered NBFC lending partner(s), so you can choose the offer that suits you best.

LOAN DETAILS
- Loan amount: ₹5,000 to ₹15,00,000
- Repayment tenure: Minimum 3 months (90 days) to maximum 36 months
- Interest rate: 11.99% to 30% p.a. (reducing balance)
- Annual Percentage Rate (APR): Minimum 14% to Maximum 36% p.a.
- Processing fee: 0% to 3% of loan amount + 18% GST
- We do not offer loans that require full repayment within 60 days

REPRESENTATIVE EXAMPLE
- Loan amount: ₹1,00,000
- Tenure: 12 months
- Interest rate: 18% p.a. (reducing balance)
- Processing fee (incl. GST): 2% [₹2,000 + ₹360 GST] = ₹2,360
- Monthly EMI: ₹9,168
- Total interest payable: ₹9,168 x 12 months − ₹1,00,000 principal = ₹10,016
- Annual Percentage Rate (APR): 22.6% (approx.)
- Disbursed amount: ₹1,00,000 − ₹2,360 = ₹97,640
- Total amount payable: ₹9,168 x 12 months = ₹1,10,016
- Total cost of the loan: Interest + Processing fee = ₹10,016 + ₹2,360 = ₹12,376

*Note: These numbers are for representation purposes only. The final interest rate, fees and APR depend on the customer's credit assessment, as decided by the lending partner. All charges are shown in the Key Fact Statement (KFS) before you accept the loan.

WHY SWIPE LOAN
- Check eligibility once and compare available offers
- 100% digital process – no branch visits or physical documents
- We work only with RBI-registered lenders that follow RBI Digital Lending Guidelines
- All charges are shown upfront in the KFS before you apply

HOW IT WORKS
- Download Swipe Loan and enter your basic details
- Check your loan eligibility in minutes
- Compare offers from available lending partners
- Choose the lender and loan terms that suit you
- Complete e-KYC and, on approval, receive funds directly in your bank account

WHO CAN APPLY
- Indian residents aged 21–55 years
- Salaried or self-employed
- Minimum monthly income of ₹15,000
- Able to complete KYC digitally
- A good CIBIL score may improve your offers, but it is not the only factor

OUR LENDING PARTNER
· Nice Finance and Leasing Private Limited
· FDPL Finance Private Limited
More partners may be added in the future.

IMPORTANT DISCLOSURE
Swipe Loan is a loan comparison platform and is not a lender. We do not provide, approve, disburse or collect loans. Loan approval, interest rate, charges, disbursal and repayment are decided and managed solely by the lending partner. Swipe Loan does not guarantee loan approval.

YOUR DATA, PROTECTED
We do not sell your personal data. Your information is encrypted and shared only with the lending partner you choose, with your consent, for eligibility, KYC and underwriting, as described in our Privacy Policy.

FAQs
What is Swipe Loan?
A digital platform to check personal loan eligibility and compare offers from RBI-registered lenders in one place.

What is the minimum and maximum repayment period?
Minimum 3 months (90 days) and maximum 36 months.

What is the maximum APR?
The maximum APR is 36% per annum.

How do I repay my loan?
Repayments are made through the lending partner's authorised payment channels. Swipe Loan does not collect repayments.

CONTACT
Email: info@swipeloan.in

*Terms and conditions apply. Loan approval, interest rate, and final terms are at the sole discretion of the RBI-registered lending partner and subject to their credit assessment.