Get a one-stop solution for your financial requirement, with the ultimate instant Loan App. Your very own Personal Loan App which will help you lead a life on your own terms. Not only this, we also bring you a large number of financial tools to make your loan requirement more direct and precise towards your goal. You can calculate your EMIs, Balance Transfer details, find IFSC code of banks and what not!
Loans range from - ₹ 3000 to ₹ 3 lakhs
Tenure - 90 days - 15 months @ 0- 2.50% per month depending on the product and the user profile.
Maximum Annual Percentage Rate (APR)-14.57%
Afinoz Lite instant loan app is truly your best friend in times of acute financial need.
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Loan amount – Rs. 1,00,000
Processing fee – Rs. 2,500
Net amount credited – Rs. 97,500 (1,00,000 – 2,500)
Interest rate – 12% p.a.
Loan term – 2 years
Loan APR – 14.57%
Total interest payable – Rs. 12,976
Total payment after 2 years – Rs. 1,15,476 (1,00,000 + 12,976 + 2,500)
Loan EMI – Rs. 4,707 [1,00,000 x (1+(1/100))^24]/[(1+1/100))^(24-1)]
● If the principal amount is ₹ 10,000 & the ROI is 24% p.a, & the tenure is 91 days, then the overall interest payable is ₹ 10,000 x 24/100 x 91/365 = ₹ 598 only.
● If the loan amount is ₹ 15,000 & the ROI is 27% p.a, & the loan is to be repaid over 3 EMIs, then the overall interest payable is ₹ 680 only. The EMI per month would be ₹ 5,227 only.
AFINOZ is the leading instant online personal loan provider, here’s why:
1. Loans disbursed worth more than ₹ 450 cr till date
1. 100% online loan application process
2. Real-time updates on your ongoing loans
3. Lowest Interest rates from lenders like HDFC Bank, IndiaBulls, RedCarpet, IDFC, Vintage, MoneyView, Retra, PaySense, Tata Capital, Bajaj Finserv, CashKumar & much more.
5. Direct disbursal to your bank account
✰ Instant Personal Loan
✰ EMI Calculator
✰ Balance Transfer Calculator
✰ IFSC code finder
✰ Interest Rate calculator
✰ Tenure calculator
✰ Loan amount calculator
✰ Engaging Finance community
✌ Install Afinoz Lite App from Google Play Store.
✌ Create your profile, entering the basic personal details on the Afinoz Lite instant Loan App
✌ Fill all the details like ongoing loan, EMIs paid, outstanding loan balance, loan amount required etc
✌ Instant loan app will display all the available options, to choose from the best lenders with the best interest rates.
✌ Choose the lender that offers the best deal.
✌ Provide all the information required to verify your credentials like government id proofs, PAN card etc
✌ Once completed, you will receive a message confirming your application request
The Afinoz Lite Instant Loan app is easy to download. This App assists you in applying the loan from the comfort of your fingertips. This Instant Loan App keeps you updated with industry trends.
✔ A person should be resident of India.
✔ He/She should be above 18 years of age.
✔ One should have regular source of income, to repay the amount.
✔ He should have valid identity & residence proof.
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