ZingLoan

ZingLoan is a Digital Lending App operated by Vaishali Securities Limited, an RBI-registered Non-Banking Financial Company. Loan products available through ZingLoan are offered directly by Vaishali Securities Limited under its NBFC license.

ZingLoan is listed as a Digital Lending App deployed by Vaishali Securities Limited. It provides Indian users with secure and structured installment-based personal loan products, with all key loan terms clearly shown before the user confirms any loan.

Structured Loan Details
Loan Amount Range: ₹6,000 to ₹200,000
Repayment Period: 61 days to 240 days
APR Range: 24.00% to 36.00% per annum, depending on the user’s eligibility, credit assessment, risk profile, approved loan amount, and selected repayment tenure
Maximum APR: 36.00% per annum
Daily Interest Rate Range: 0.06575% to 0.09863% per day, calculated based on APR ÷ 365 days
Repayment Type: Structured installment repayment
Who Can Apply?
To access loan services through ZingLoan, applicants must meet the following basic criteria:
Resident of India
18 years of age or older
Holder of a valid PAN card
Possess a steady source of income
Hold an active bank account in India for loan disbursal and repayment
Final eligibility, loan amount, APR, daily interest rate, and tenure are subject to verification, internal credit assessment, risk evaluation, and approval by Vaishali Securities Limited.
Representative Installment Example
The following example is provided only for illustration to help users understand the total cost of borrowing before applying. Actual loan terms may vary depending on the user’s eligibility, risk profile, credit assessment, approved loan amount, selected tenure, and the final Key Fact Statement shown before loan confirmation.
Example Loan Details:
Principal Loan Amount: ₹10,000
Loan Tenure: 6 months
Number of Installments: 6 monthly installments
Applicable APR: 24.00% per annum
Daily Interest Rate: 24.00% ÷ 365 = 0.06575% per day
Monthly Interest Rate Used for EMI Calculation: 24.00% ÷ 12 = 2.00% per month
EMI Calculation Method: The loan is repaid using the Equated Monthly Installment method, where the installment amount remains the same during the selected tenure (with a minor adjustment in the final installment for rounding).
Detailed Repayment Schedule:
1st Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
2nd Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
3rd Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
4th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
5th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
6th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200
Total Principal Amount: ₹10,000
Total Interest Payable: ₹1,200
Total Repayment Amount: ₹11,200
This means that for a ₹10,000 loan taken for 6 months at an APR of 24%, the user would repay ₹1,867 per month, which includes ₹1,667 in principal and ₹200 in interest. The total amount payable would be ₹11,200, including ₹10,000 principal and ₹1,200 interest. No additional fee is included in this example.

Regulatory & NBFC Information
Lender / NBFC Name: Vaishali Securities Limited
RBI Registration Status: RBI-registered Non-Banking Financial Company
DLA Status: ZingLoan is listed as a Digital Lending App deployed by Vaishali Securities Limited.
Website: https://www.vaishalisecuritiesltd.com
Contact Email: contact@vaishalisecuritiesltd.com
Contact Number: 07969654623
Grievance Redressal
For loan-related queries, repayment issues, complaints, or grievance redressal, users may contact Vaishali Securities Limited through the contact details provided above.

Recent changes:
Structured installment loan services offered directly by an RBI-registered NBFC.